Bidding at a county trustee sale next month and I'm trying to stress test my title work before I put cash down. My understanding is that the foreclosing lien wipes junior liens, s…
Career changer, zero deals, reading everything. Every write-up about full guts says the same thing, that you need established contractor relationships. Fine. But I don't have any,…
A property manager I met through my licensing course said she'd send me turnover cleans if I could also haul out whatever tenants leave behind. I've got a half ton pickup and a 5x…
I keep 9 to 11 files open at once, mostly assignments with a few double closes, and I pay my coordinator $500 a file. She is good. She is also, over the last stretch, doing things…
I'm still sorting out which strategy fits me and the live-in flip keeps coming back because I'm patient and I don't have much capital. But I don't know what I'm legally allowed to…
Structure I'm being pitched. Operator wants 60k from me to cover a seller's equity on a house with a 198k first at 3.4%. I'd take a second deed of trust recorded against the prope…
Something bothers me about how this strategy gets discussed. Filings are up, repossessions up sharply, everyone quotes the numbers. And yet the practical experience of anyone tryi…
Scoping a BRRRR now and the scope has already grown from $52k to $70k on paper, which is my usual disease. About $18k of the growth is mechanical: sewer lateral, 200 amp service,…
Proposal in front of me is $1,800 a month for 25 qualified leads. I asked what qualified means and got back "motivated and open to discussing price." That could describe half the…
The two-decade figure of roughly 9 percent annualized on the all-equity index keeps getting used as the case for owning REITs broadly. My problem with using it as a planning numbe…
I'm looking at this from the money side rather than the contract side. A group near me runs deals where one member sources and another member brings the end buyer, and they split…
A friend sent me a lease abstract for a colocation facility because he knows I read this stuff for fun, and almost none of it looks like the leases I'm used to. Rent is quoted per…
Reviewing a hospitality fund allocation. 300m target, five to seven year hold, 2% management fee on committed, 8% pref, 60/40 above with a full catch-up. Sponsor's stated strategy…
Driving for dollars keeps coming up as the task nobody wants to do themselves, and I want to build a service around that side of real estate. So my thought was to drive routes and…
Someone in another room mentioned you can pick up non-performing second liens for a couple thousand dollars each, which sounds like an amount I could actually risk while I learn.…
I'm mostly on the rental and screening side, so treat me as an outsider here, but I've been helping someone sort a dispo buyer list and the numbers are strange enough that I want…
45-space corner surface lot, asking $1.1M, trailing NOI around $78,000, so about 7.1% on the income alone. The site was a branded gas station until 1987. Tanks were pulled, and th…
$240,000 purchase, and the settlement statement has about $6,300 of items on my side that I don't know what to do with. Loan origination $2,400. Title and settlement fees $1,150.…
I've run this spreadsheet three times and the answer changes every time, because I don't know what belongs in the occupancy row. Duplex, one side would be the test unit. Unfurnish…
The Fannie Mae change that lets you count ADU rent toward qualifying income on a one-unit house, up to 30 percent, has me confused. My plan was a three bedroom single family where…