someone asked, the room worked it out
A common point of confusion in probate deals is whether a signed contract with an estate can be overtaken by a higher bidder at a court confirmation hearing. In several states, ye…
A double close involves two deeds recorded, seller to the wholesaler and wholesaler to the end buyer. Whether transfer tax applies to both deeds or just one depends entirely on th…
Consider a 208 unit property going into renewals against three nearby properties within a mile all offering six to eight weeks free. Average in-place rent is 1,585 with occupancy…
Consider a broker offering of a 22,000 sf single-tenant suburban office. Regional bank operations back office, tenant in place 11 years, 3.5 years remaining on the lease, 2 percen…
I've got about $50k I'd allocate to certificates this season and I'm modeling roughly 60 certificates averaging $800 in a Florida-style batch auction. The plan assumes I never win…
Hard money term sheets for a full gut rehab commonly read something like 90 percent of purchase and 100 percent of rehab financed, which sounds like the rehab money is available a…
A common way to model BRRRR is starting capital of 60k, each deal all-in at roughly 78 percent of ARV (purchase, rehab, holding, closing), refinancing at 75 percent LTV. On a 200k…
Career changer, starting from zero on all of this, so please be blunt with me. Everything I read about land development involves 40 or 60 lots and millions of dollars of pipe. The…
Say a 1,400 square foot 3/2 in a decent submarket comes back from an agent at an ARV of 315k, built from six comps, four within a half mile, all sold in the last five months, with…
I'm reading everything twice and this is the part I keep circling. When my parents bought, the agent had the listings and you didn't. That was the product. Now I can see every hou…
Take a 40-unit garden style building tied up at 3.1m under a wholesale contract. Seller is an estate, no broker, deferred maintenance everywhere, in-place rents about $180 under m…
I've been reading through everything here twice and I still can't get a straight answer on this bit. Say I've driven a street, logged a house with a collapsed porch and a full mai…
Whether a seller pays separately for an enhanced marketing package on top of commission varies by market and brokerage. Marketing used to be folded into commission, but tiered add…
I do due diligence on passive positions for a living and I've somehow never bought a house myself, so I'm trying to build the cash requirement from the bottom up rather than trust…
Most of what I buy is raw acreage, cash, no appraisal and no loan. The deadline list that a coordinator would normally run against is largely the lender's, and there isn't one. Wh…
Owner of a lake cabin about 40 minutes from me wants me to run it. 18% of what the guest pays, he keeps paying the cleaner and the linen service directly. He told me his policy is…
Six apartments over 2,400 sf of storefront, building went up in the 1920s, and the parcel got rezoned to a residential district decades ago. The commercial space is a legal noncon…
Coming into this from nothing, no real estate background at all. I've got a truck lined up and one property manager willing to try me on turnover cleans. Every video I watch is so…
A common structure in buyer-broker agreements has a blank for the buyer's fee, then a clause crediting anything the listing side offers against it. If the agreement is written at…
The convergence argument shows up everywhere: public REITs trading at a discount to both broader equities and to private real estate marks, with the private gap described as the l…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
