someone asked, the room worked it out
Run the ladder out on paper for a four property sequence and the failure point often isn't where an investor expects. Take property one at 340k, 3.5 percent down FHA, PITI plus MI…
Take a deal like this: 62 lots in two phases, raw land at about $1.9M, engineer's estimate on improvements around $55k a lot all in, finished lots underwritten at $105k. A regiona…
A property manager in a county seat keeps two furnished units for the hospital's traveling nurses and the utility company's line crews and calls it corporate housing. The skeptica…
I own a corner lot with an old four-square that's zoned for a rooming house by right, which is rare enough that I want to use it properly. Twelve hundred square feet of first floo…
A question that comes up constantly from buyers walking into their first open house. The agent at the door asks whether they have representation, they say no, and the agent says s…
Two things tangle constantly for people trying to get from spreadsheets to a first commercial deal, and every spreadsheet opened seems to turn into another spreadsheet. Worth unta…
I frame houses for a living and I've been looking at rural parcels in two counties near me, some as cheap as $8k and some as high as $20k. Two questions keep coming up and nobody…
Worth pressure testing this arithmetic on a resale, because it comes out clean and a clean answer usually means something has been left out. List price $415,000. A stager quotes $…
Tract is 60 acres at about $4,200 an acre, so $252k. Zoning supports 5 acre lots, twelve of them after the road takes its bite. Sold comps for 5 acre pieces within four miles are…
Here is a situation that comes up often enough to be worth working through as a group. Take a two-bed unit in a small portfolio where the payment standard for that bedroom size is…
Two of the resolution paths that always get listed together are the discounted payoff and the short sale, and the distinction rarely lands on a first read. In both, the borrower e…
Working through the numbers on a coordination practice that's at capacity. Say 34 open files at any time, 13 closings a month, flat $400 per file, so about $5,200 a month gross fr…
I've been going to open houses with an agent I found online, and one of the places she took me to is a listing that's hers. Her own sign in the yard. She said if I want to write o…
I read everything twice and I've read the supply argument about four times now. New deliveries in apartments, industrial, self-storage and senior housing are forecast to drop shar…
Here is a scenario worth working through. 140 acres, a 345kV line crossing the northeast corner, and the parcel sitting about 8 miles off an I-20 interchange. A developer's land t…
Take a small agent-marketing outfit where the revenue mix ought to bother a buyer. Roughly $40k a month recurring. Two brokerage teams are about 60% of that on annual agreements.…
Take a corner building from the 1930s, five apartments over two storefronts. One storefront is a taqueria with a fryer and a hood, the other is a dry cleaner drop-off. Someone who…
A question that stalls a lot of first-time REIT investors, who build spreadsheets for months instead of buying anything: what does it cost per year to run a sleeve properly. The b…
Renovation is my day job and I'm working out the acquisition side. Two different wholesalers here have offered the same arrangement: I find the seller and lock up the contract, th…
The paperwork side of a heavy rehab deserves attention before anyone funds one. Say 160k of rehab released over six draws, a GC with four regular subs plus a lumber and a cabinet…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
