One referral paid more than my last four months of analysis
I have been circling deals without doing one for a while, which people here know. This isn't a deal. It's the first money the license has produced and the mechanics surprised me e…
All 132 real estate strategies.Every room answered.
Start with a RE category
Next, pick a strategy
Then pick the type of post
it finished, here is how it went
I have been circling deals without doing one for a while, which people here know. This isn't a deal. It's the first money the license has produced and the mechanics surprised me e…
Signed a 9 month exclusive buyer rep last spring with an agent who marketed himself as investor-focused, which he genuinely was. He also runs a flip business, which I knew and did…
Engaged a sourcing service as a buyer client. Their agreement was better than most. Fee $9,000 at closing, buy box defined, tail limited to ninety days, and a sentence saying the…
I've been at this six months with zero deals, and part of why is that I spent five months and $5,400 on a marketing engagement that was built for listing agents while I was trying…
I wanted rent that showed up without a second job. In 2023 I put $85k into a syndication on a three story suburban office, roughly 62,000 sf, bought at what everyone described as…
I wanted the license for brokerage originally. Then I got offered a leasing consultant seat at a lease-up, 312 units delivering in four phases, and took it because I figured I'd l…
First one I got all the way to a settlement date and it died on the closer's desk. Numbers: contract with the seller at 112k, end buyer signed at 131k. Small 3/1 in a working clas…
Posting this because the mechanics of how I lost the money are more interesting than the amount. The buyer was a mid-size operator buying through an acquisitions analyst, single f…
Following up on my earlier thread about start costs. I went with the cheap version and it took longer than the spreadsheet said. Six weeks, 140-odd calls and texts, 22 people who'…
I've done four contracts on my own and every one of them took forever to move. The last two I marketed for three weeks each and ended up assigning at a lower fee than I signed up…
I spent most of last year convinced the answer was my own brokerage. Ran the costs, talked to three broker owners, and ended up doing something less interesting that worked better…
Wrote this up because six months ago I couldn't have explained subject-to out loud. What it means: the seller's mortgage stays in her name, the deed comes to me, and I make the pa…
I do documents before I do properties, so when a family member asked me to paper the lease on a voucher tenancy for a small single family he owns, I treated it as a drafting exerc…
Closed last month on a small facility I bought in 2017 as a diversification off the land holdings. 190 units, about 21,000 rentable square feet, half-hour outside a mid-sized metr…
I lend rather than own, and this was the first farm loan I did on my own paper instead of through a fund. It closed and it paid off, so numbers. Borrower was an operator with 640…
Two rentals sold as a package, both small, both tired but functional. 465k. Buyer put 10% down, 46,500. I carried 418,500 interest only at 7.25%, 2,528 a month, balloon at month 2…
Put $12k into a non-traded pooled real estate vehicle on a platform two and a half years ago. Set it and forgot it, exactly as intended, while I saved for a rental down payment. T…
Small midwest city, 1970s brick six unit, all occupied, seller was an estate winding down. I had it at 214,000 and resold to a local operator at 249,000. Took title and held it se…
I don't want a second job. That's the whole reason I'm on this forum. So when a nine-person group offered me a referral-only seat, hand over sellers, take a cut, don't touch the p…
Converted my third one in February. 1978 split level, 1,640 square feet, bought at 268,000 with 5 percent down owner occupant, rate 6.5. It needed a roof, the panel was a mess, an…