live deals, numbers on the table
Nine parcels, 4 to 38 acres, three rural counties, all bought to hold. Two are listed at any given time and the rest sit. In March I put a content person on a retainer. $1,800 a m…
Take a 22 acre parcel bought at $6,500 an acre, so $143,000 total. Rolling ground, one existing field entrance, town water at the road, no sewer. Splitting into three lots of roug…
I'm not under contract yet, I'm doing the paperwork side first because that's how I do things. Reading two documents that don't agree. The property is a 4 bed 2 bath, and my plan…
A useful way to evaluate whether to take on a third IR client is to log time to the quarter hour and compare margins across existing accounts. Client A: 90 LPs across two apartmen…
I'm brand new to this, so please assume I know nothing. Someone at a meetup pitched me on a 3 bed house he'd sell me at 240,000 already set up for room rental. Furnished, tenants…
A common negotiation point when signing with an investor-friendly agent: exclusive buyer representation for 12 months, county-wide, covering all residential 1-4 unit purchases, wi…
Take a borrower doing a heavy rehab on a 12 unit in a secondary market. Purchase 640k, budget 210k, senior bridge loan 700k from a private lender, stabilized value the borrower pr…
Take a duplex, both sides 2/1, bought 26 months ago at 318k with roughly 71k put into it since: new roof, both kitchens, a full electrical rework, exterior paint, a rebuilt rear s…
Timberland keeps coming up as the boring asset that holds up, largely because of the return profile people cite, roughly 10.7 percent annualized since 1987 on the NCREIF index wit…
A landowner holding 6.1 acres at a highway interchange, zoned to already allow hospitality use, receiving two offers from a hospitality fund's development arm is a useful case for…
Every couple weeks somebody on a job site sends me a picture of a house. Mail piled up, tarp on the roof that's been there two winters, grass to the window sill. They send it to m…
Consider a property manager whose standard structure is 9 percent of collected rent plus a leasing fee of 60 percent of one month per new lease, built around single family and sma…
Take a small three bedroom house listed around $289,000, with a staging quote of $2,100 for the first eight weeks on a vacant stage, then $450 a month after, prorated in half mont…
Here is a live one the room can work through, since the answer generalizes past the specifics. A co-host gets a yes from two owners in the same week. Property A is a two bedroom c…
Six months in, no deals, working on that. I've narrowed to two candidate markets for a first nightly rental and they fail in opposite directions. Market A is a mountain town, real…
Bought six parcels in one county over eight months, all 20 to 40 acres, average basis around $2,050 an acre. Three sold inside 60 days at $3,400 an acre, which is what set my pric…
I'm three weeks from my license exam and two agents I know from a local investor meetup have both asked if I'd coordinate their closings. Neither of them has ever used a TC. They…
Numbers first, as always in this kind of decision. Take a six unit building, older brick, in a market well understood by its owner. Gross scheduled rent 78k, actual collections la…
Standing up a dispo service usually means the buyer list is the only asset that matters, and building one from scratch shows where the real cost sits. A reasonable build looks lik…
I've been running the formula on everything in a 20 mile radius. ARV times 0.70, minus repairs, and that's the most I can pay. On a house listed at 189 where I think ARV is 250 an…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
