every post in the forum, newest first
I buy things I intend to hold for twenty years and this one taught me something I hadn't priced. Two purpose-converted 8-bed homes in the same suburb, bought as a pair, $610k and…
Consider a 34,000 square foot two story suburban office building in a second ring suburb, the kind with a brick facade and a parking field too big for what is left inside. A whole…
Here's a pattern worth watching for anyone building a target list before buying: a single buyer working the same block, identifiable by the same dumpster company and the same pain…
Take a case with 180k set aside to launch a business, with a draw schedule pulling 8 to 10k a month starting in month four, running about 18 months until the business covers itsel…
Reading the management agreement on a smaller externally managed REIT, the incentive structure is often pointed the wrong way for a buyer expecting convergence to NAV. A typical s…
Say a mastermind pitches at $12,000 a year, with monthly group calls, two in-person events, and a deal-review channel. The pitch number is that 41 percent of members close a deal…
A common service business idea is coaching investors on how to raise capital for their own deals rather than raising it on their behalf, covering investor decks, syndication struc…
Post mortem on a text-first seller lead qualifier. I built it, I sold it, and messaging deliverability killed it in about seven weeks. What it was: investors upload a list, my sys…
The office manual I got at orientation has a designated agency addendum in it. The client signs, the managing broker assigns one agent to the seller and one to the buyer, and the…
Contract with the seller at 214k, resale to my end buyer at 252k. I built the whole thing as a double close because the spread is 38k and I did not want that number sitting on an…
The choice between assignment and double close comes down to what each actually costs in real dollars. An assignment typically costs very little, mostly an assignment fee disclose…
I've got a handful of doors and the cleaning side is the part that keeps breaking. Every cleaner I use is a solo operator, they cancel, and a Saturday cancellation in a market wit…
This comes up whenever someone quotes turnover cleaning on a house that has not been bought yet. Take a buyer whose deal works at 68 percent occupancy and $240 a night and does no…
Running listing marketing independently rather than taking a bundled package is increasingly common, and the biggest cost lever tends to be revisions, not the base quote. A typica…
Take a 12 over 3 in a second-ring streetcar suburb where the underwriting split changes the supportable price by about 18 percent. One approach requires the residential rent roll…
For a builder delivering several detached spec homes in pairs several months apart, staging decisions are worth underwriting the same way carry cost is. A full stage of a whole ho…
I hit the ceiling on my active deals and started underwriting a 12 room house that the current owner runs with two meals a day and weekly room cleaning. His rents are roughly 190…
A common source of confusion at closing is seeing both a lender's title policy, often around $600, and an owner's policy, often around $1,100, on one closing disclosure for one ho…
A title commitment with several numbered exceptions in schedule two is completely normal, not a red flag by itself, but understanding what each exception actually means matters mo…
This is a case worth walking through in full because the numbers make the lesson concrete. Take an investor with 60k into a private non-traded REIT, a Reg D offering through an ac…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
