Story
There's a house across the ravine from me that I've had a clear view of for two years, which is an unfair amount of information about somebody else's deal. It sold in the fall to…
Story
I'm changing careers and had exactly nothing to offer anybody, so when a small fund manager at a meetup mentioned he needed help moving his investor records off spreadsheets and i…
I've got 62k earmarked for a roof and two unit turns on a small multifamily building, and the work is 18 months out because the tenants in place have leases running that long. It'…
A contractor I've worked with keeps asking me to fund his next rehab at 11% interest plus two points, twelve month term, first position on a house I've walked through. Meanwhile t…
Wanted the fee structure settled before I had any leverage, so I built something a bit odd and it held up for two quarters. Structure: 175 per accepted lead, client has 5 business…
Wrote this up because the mistake is embarrassing in a structural way rather than a stupid one, and I'd rather someone else not repeat it. I run three to five renovation deals at…
Numbers first. 45k in, 46.1k out, 31 months. That's roughly 0.9% a year before I count the time I spent reading their updates. The stated target when I came in was a statutory rat…
I'm trying to work out where someone like me sells services into this rather than putting up capital. If an operation is bidding on a few hundred certificates a season, what parts…
Four deals in, and every agent I interview says they work with investors. Then I ask what cap rate the last small multifamily in the submarket traded at and I get a blank. I've st…
Second call with an agent who says she works with investors. Ten minutes in she asked what my buy box is and I said something about "good deals in decent areas" and heard myself s…
The part that worried me was getting paid, not the rate. Small three bedroom flip in a working class suburb, all in at 218k purchase plus rehab, hard money senior funded 175k, bor…
Trying to write down everything I'd pay between putting a lot under contract and pouring footings, and my list keeps growing. So far: plan set, boundary survey, topo, soils report…
I've been trying to figure out where I fit on the service side of this business, and last week a guy I know through a contractor friend asked if I'd "handle the project" on a spec…
I manage buildings rather than own them, and I get asked this by owners often enough that I want to see how the room splits. Office has pulled apart into two markets. Newer well l…
I've been pricing out what marketing costs on the first deal and the aerial line is the one I can't settle. Two paths in front of me. Path one, I get certified. The knowledge test…
Numbers first. 250k purchase, 25% down at 62,500, closing costs and reserves roughly 9k. Buyer agreement in front of me says 2.5%, so 6,250. Listing side is indicating 2% willing,…
Eleven months, 31 houses, one purchase at 348,000. The thing I'd tell anyone who plans slowly is that a single long agreement gives you nothing to talk about, and a short one that…
I've spent about four months comparing the three entry points and I keep going in circles, so let me put the actual constraint down. I have roughly $95k liquid and a hard money re…
I've spent three months talking to people who make money around bank-owned property rather than owning it, and I want other eyes on whether the volume supports what I'm sketching.…
I'm putting together a screening service for people looking at obsolete office and retail buildings, and I've hit a question I can't settle on my own, so I'd rather ask the room t…