one click, then see the split
I've turned eleven units across small buildings in the last three years and I still argue with myself about this one. The standardized version: one paint, one floor, one cabinet d…
Rural parcel, roughly 90 acres, and the abstract goes back further than anyone's institutional memory. The title company quoted me the standard search plus an extended examination…
Got the PPM Friday. Two deals with this group as an LP, both mid-size value-add multifamily in secondary markets, both still holding, both roughly on plan. The next vehicle isn't…
Two paths show up often for a first residential assisted living purchase, and they sit almost opposite each other. One is a licensed 6-bed home with all six beds filled. Sellers i…
I'm modeling a 24 unit conversion out of a 1970s office building, all-in around $4.6m, and the two exits produce different projects, not just different returns. Sell at certificat…
I've got about $400 a month I can spend on outreach and maybe ten hours a week. I pulled a small list off a platform trial (absentee owners with long tenure in two zip codes, abou…
I'm still costing out a first deal and this is the fork I can't get past. The tapes I've been sent split roughly along foreclosure procedure. In the judicial states, where the len…
Take an operator three rungs into a live in then rent ladder, where the qualification problem has become bigger than the deal problem. The first two houses sit on owner occupant l…
Take a case run the right way round: a buyer gives a written box, a wholesaler finds a 1960s three bed on a corner lot that fits it, goes to contract at 141,000 with 2,500 earnest…
A small furnished unit tends to produce two different models for the same building, which means one of them is usually wrong. Model one prices it as what it is: furnished monthly…
For land acquisition specifically, cold mail to the county tax roll address tends to perform better than it does on houses, since a land owner has usually been paying the tax bill…
Driving for dollars is often the strategy with the lowest barrier to entry, since it needs no budget and can start the same week. The less obvious decision is what to do once a pr…
Take 19 acres at $84k. Taxes plus a once-a-year mowing contract run about $1,400, which most buyers looking at that parcel can absorb without noticing. The uncomfortable part is w…
Consider a small builder doing four to six houses a year, watched from a distance for two years before any move is made. He has a finished 1,700 foot three bedroom sitting since A…
The questions were mine, from a live deal. How a lender is likely to treat a unit that's been vacant nine months in a DSCR sizing, what a reserve line should look like on a 1960s…
Read a fixed-price gut contract from a GC and the allowances section is usually doing an enormous amount of work. Allowance for tile, allowance for cabinetry, allowance for anythi…
A recurring pattern in wholesaling as a service is a sourcing fee quoted with a repair estimate bundled in, and it's worth thinking through whether that number should come from th…
I've been reading two small park listings side by side for a month now and the difference that keeps stopping me isn't the site count. One has a three bedroom house at the front,…
Sponsors often justify this line item before the payoff has actually arrived, and it is worth working through the numbers. Take a sponsor with two deals closed, roughly nine milli…
Everything a self-directed IRA gives an owner on the income side, it takes back on the deduction side, and this trade-off doesn't get discussed enough when comparing an IRA-held r…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
