someone asked, the room worked it out
Someone told me that if a VA cold calls a homeowner and starts talking about what I'd pay, that's unlicensed brokerage and I'm the one in trouble. I'm not sure if that's true or i…
I've been doing this backwards. I bought a list subscription before I understood the word. When people here say off-market, sometimes they seem to mean a house that was never list…
Trying to work out the monthly bill before I commit to anything. I see probate lead services from about 40 dollars a month up to a few hundred and I can't tell what separates the…
On non-financed entity purchases, the residential real estate reporting rule assigns reporting obligations through a cascade, and in practice every party at the closing table tend…
A spreadsheet breaks once a build carries a draw schedule, subs invoicing at different stages, a couple of change orders, and a lender asking for backup on every line. For a build…
A structural issue worth thinking through on any luxury double close: both deeds record, and in states where sale prices are public, the end buyer or their agent can pull the in-p…
Two units in the same beach market, both listed all year, both with the same photos and the same review count. Rate stayed around $210 average because I refuse to chase the bottom…
Third rental and the deals I want aren't showing up on the MLS anymore, so I went looking for an agent who works with investors. The one I like sent an exclusive buyer-broker agre…
Lending against a long-term rental is straightforward: a lease and a payment history give a lender something concrete to underwrite. A short-term rental has neither. There is no l…
A question worth answering plainly for anyone underwriting a park where all homes are tenant owned. Take a 34-lot park with no park-owned homes: there is no building to insure in…
When the entire scope is paint, flooring, fixtures, a vanity swap and landscaping, with no wall opened and no system replaced, most jurisdictions require no permit at all, since p…
Duplex, contract at $410,000, lender ordered a 1025. There's a converted garage unit that's been rented at $1,400 a month for years, no permit on file, separate meter, own entranc…
Looking at a 1,900 sq ft single family with a permitted 1-bed over the garage, already has its own meter. Listing at 465k. Market rent on the ADU looks like 1,450 based on three c…
Former drug store box, 12,200 sf, been dark a while. Market rent for the whole block is about $16 NNN because there are maybe two users in the trade area who want that size. Broke…
I run pipe and I can read a mechanical drawing fine, but the apartment offering a friend forwarded me is a different language. It says 84 units, T-12 NOI of 612,000, going-in cap…
Here's the deal I'm looking at. Loan is 2.9%, balance 227k, PITI is 1,412 with 310 of that going to escrow. Rent comps are 1,725 to 1,775. The problem is what happens to that 310.…
I've been reading through the paperwork on a 30-unit single-asset raise a sponsor is putting together, mostly to understand who does what on a deal like that. Securities counsel c…
Just started, everything is new. People in this space say JV about about four different things and I can't tell them apart. Someone told me they JV'd a deal and all they did was t…
Staging inventory is worth modeling as a capital business rather than a service, and the whole picture tends to live or die on inventory turns. Consider a package for a 1,700 squa…
Take a mixed-use building where the seller would sell tomorrow if the buyer could get a loan. The buyer is self-employed two years, and most banks want three, so owner financing c…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
