Two offerings sitting open on my list right now and they're forcing a choice I've been avoiding. First one: a 140 unit 1980s garden apartment value-add in a Sun Belt secondary mar…
I thought this was a hypothetical question until it landed in front of me. Bank-owned three bedroom, listed at a number I can make work vacant. The listing agent says the bank wil…
Cheap end of a farm town, population under 4,000, no lender involved on either side. Contract at 38k, end buyer a local landlord at 52k. 14k spread on paper and I've done enough o…
Building my list and I've got the purchase side roughly understood. What I can't get a straight answer on is everything else. I see people talk about needing "reserves" and I don'…
Career changing into this and I've got no construction background at all, so please assume I know nothing. There's a listing near me, 1,100 sq ft, 95k, description says "down to t…
I want monthly income and I don't want to become a landlord in my own city. Virtual wholesaling came up because it looked like the version where I don't fix toilets. What I have:…
One channel says you can start virtual wholesaling for nothing with a free county site and a cell phone. Then there's a program selling me a $10,000 course that apparently include…
Three homes, 18 licensed beds between them, 7 occupied when I started working with the owner in March. All 18 full now with four names on a wait list that I'd call two-thirds real…
Hired one part timer in October to do the phone half while I do the sourcing half. Posting the numbers because everyone tells you to hire and nobody tells you what the middle thre…
I came from the trades and I've been circling the investing side for a while. The thing that actually changed my year was going after property managers as customers instead of hom…
I'm getting licensed and working out what else I can be useful for, and this room keeps describing problems that sound like someone else's job. Out-of-state buyers can't inspect.…
Got handed a deck for a small fund, $14m target, buying tax certificates in three bid-down states and bidding at deed sales in two others. Terms are a 9% preferred, 2% management…
Read something that said if you originate more than a couple of owner-financed loans you become a mortgage lender and need to be licensed, and that there are rules about balloon p…
Buyer came in on a 3/2 in a stable working class pocket, nothing special about the house, I've owned it free and clear for years. He wants a 30 year amortization with a 5 year bal…
Capital side, still deciding where to put money, and I'm trying to understand this method as something I might fund rather than do. A data vendor can hand me every property in a m…
I mostly buy land and hold it, so my driving is different from a house route, but I've been arguing about this with two people in my market and neither of them will budge, so I wa…
Notes have been most of my reading, but a gain from selling a small paper position had me looking at OZ funds because someone in another forum said it was the obvious place for it…
First furnished unit, 2 bed near a research park, and I got as far as a vendor packet from a relocation management company. I'd quoted $2,550 all inclusive. Their standard rate ca…
Talking to an owner who wants someone to handle placements and turns for three furnished units aimed at corporate tenants. Before I say yes I want to understand exactly where I st…
Two parcels in the same county, both plausible three or four lot splits, and I can only do one this year. First is 58 acres at $6,300 an acre, so $365k. Forty tillable acres under…