Working through the capital recycling math on the owner-finance model and the numbers stop making sense to me. Say basis is $28,000 all in on 40 acres. I sell at $68,000 with $6,0…
Rural market, and my typical sale price is under $100k. Take a $95,000 sale at 2.5% to the listing side. That's $2,375 gross, and after the broker split there's roughly $1,600 lan…
The subscription docs for a public non-traded REIT are sitting in my inbox and I'm stuck on the tax paperwork before I even fund it. My brother-in-law does private real estate dea…
I have two parcels under contract, 11 acres and 4 acres, both rural, and I'd rather assign them than close and hold. Three of the people who advertise dispo services said outright…
I ask the questions I'd have been embarrassed to ask out loud, so here's one with numbers. Underwriting a house where I pulled six comps in a half mile radius, all sold in the las…
A friend is buying a house to flip and his hard money lender is covering 75% of purchase plus rehab. He needs $40,000 more for the down payment and part of the rehab reserve, and…
Under contract-ish on a 42-lot park in a secondary market, asking $1.35M. Lot rent is $285, 38 occupied, 4 vacant lots with pads and hookups. Private well serving the whole park,…
Simple model, and I know it's too simple. 200 certificates, average face $2,200, statutory 16%, everything redeems inside 18 months. Spreadsheet says a hair under 16% because I di…
Got off a call with an agency that wants to run seller ads for me so I can stop paying finder fees on rehab deals. The guy said "we're at $45 CPL in your market, CPA on signed con…
Seller of a 78,000 sf single tenant building is underwriting a full roll to market and I can't make the math sit still. In-place is $4.85 psf NNN with three years left, 26 foot cl…
Working through what actually changes on the compliance side when four unrelated people each hold their own lease in one house. My insurance agent used the phrase rooming house an…
I'm looking at parcels, mostly 5 to 40 acres, price points from about $40k to $120k. Two agents have now more or less brushed me off, and a third said outright that she'd need a f…
I own 11 acres outright, no mortgage on it. A buyer offered close to asking but said he can't get a bank to touch raw land, and asked if I'd take payments over 8 years instead. I…
I have one of the big real estate CRMs, the plan is around $400 a month, and I went and looked at what I actually use in it. Contacts, notes, and a search box. That's it. No seque…
Looking at a subdivision deal as a limited partner and the marketing budget has one line reading "aerial package, $4,500." Everything else in that budget is itemized down to sign…
The model I keep circling: a homeowner has the lot and the zoning but no capital and no appetite for permitting. I have the crew and can carry the build. I put up the ADU, I hold…
Been running small numbers because that's the size I can actually fund. Ten acres, buy around $38k, split into two fives, comps on 5 acre pieces in that township are maybe $28k. S…
Lender told me they can't issue a term sheet on a small retail box we're looking at until there's a Phase I in the file. Someone in another forum said those are about $2,000. The…
Every piece I read about commercial wholesaling says the motivated sellers right now are in office and older retail. Fine, I believe there are sellers. What I can't work out is th…
I've been reading for half a year, haven't done a deal, and I want to pick something I can start this month. Bird dogging keeps coming up as the free entry point because you don't…