I mostly buy land and hold it, and I own one small house that came attached to a parcel I wanted. It's been a plain rental for four years at $1,450. I was at the county permit cou…
A friend who runs money for a small family office told me they added hotels last year as part of a "rotation toward yield." Same week, someone else told me hotels are the closest…
After five years of running a service business, the thing I learned is that how you name the charge changes how people fight about it. Bringing that into this room because I'm see…
I run a junk removal and cleanout operation, mostly for estate attorneys and property managers. In February I quoted a hoarded 2 bed in a small mill town, maybe a $118,000 house f…
Trying to work out the real number before I decide anything. Everyone says wholesaling is the no-money strategy but you still have to put something down with the seller, right? An…
This is a small one but it's my first contract so I'm writing it up. I'd been driving a couple of older streets after work with a notes app, writing down anything with a full mail…
I've been sitting in on a friend's acquisitions calls while I wait on my first rental, and something came up I can't resolve. I invest passively and I'm nowhere near hiring a call…
I'm new and I've now seen the same brokerage's dual agency consent form handed over two different ways. First house, the agent gave it to me before she'd show me anything and said…
First one, done, tenant in, refinanced, and it cost me about 22k more than my spreadsheet said it would. All of it came from time. The house was a 1950s three bed in a working cla…
Duplex, bought at 140k, put 62k in. My comps supported 265k. Appraisal came back at 243k. At 75% that's 182k versus the 198k I underwrote, so 16k stays in the deal. I've got the a…
Most of my money from a small service business has gone into equipment, so a QOF is new territory for me. What I keep bumping into is a modeling question that seems basic and appa…
Been reading about non-traded REITs after a conversation on a job site and I don't understand the core sell. The pitch is that shares don't swing with daily market sentiment, so y…
Trying to size a check for this and I only ever see the purchase price discussed. A two bedroom condo in a tourist market, say $320k, 20% down is $64k. Then what? Somebody told me…
Finished framing out the deck on a two-bedroom I'm setting up for nightly stays in a small lake market, and the contractor left space for a tub because I told him to six weeks ago…
I'm building a list of pre-foreclosure and probate-adjacent single-family files in one county, roughly 30 names, and I want a clear picture of the legal spend before I start makin…
Story
I don't build anything myself, I put money into other people's deals, so my ADU education came secondhand and by accident. I was walking a small property with an operator I was co…
12 units, small market, all two bedrooms, in place NOI 118k after a 5% vacancy and 250 per unit per year reserves. Current bridge loan matures in five months at 9.1% IO and I need…
We're four originators and a processor. Purchase volume is holding but refi is basically gone, and two of the four are living off a pipeline that's thinner than it was. I've been…
Looking at my first LP deal instead of another flip, and the summary page has three numbers stacked on top of each other. 15% IRR, 1.8x equity multiple, 8% average cash-on-cash. O…
Wired $50k in February 2021 into a 96-unit 1998 build in a mid-size southeast market. Property sold in August 2024 and the final distribution cleared last month, so I can finally…