live deals, numbers on the table
I bid $164k to redo roofs, 26 guest bathrooms, and replace eight through-wall HVAC units at a small independent lodge near a state park. Seasonal place, exterior corridors, family…
Here is a scenario the room can work through. A seller clearing out his positions offers two non performing second liens as a pair. Balances of 34k and 41k, both stopped paying in…
Sent 600 letters to absentee owners in one rural county about two hours from a mid-size city. Got back a call from a woman who inherited a parcel from an uncle in the 90s, has nev…
Picture a management book built around house hackers who moved out and kept their rooms rented individually, plus a few owners who never lived in the property and just run five be…
The trailing twelve off the owner's dashboard: $61,400 gross bookings, of which $9,300 was collected cleaning fees. 214 booked nights across 63 separate stays. 3BR/2BA, sleeps 8,…
Take a single performing first note: UPB 118,500, coupon 7.25%, P&I 926, 39 payments on time with no lates in the servicer ledger, BPO 197,000, escrowed for taxes and insurance an…
A guy I met at a local meetup has three contracts he can't move. Small houses, 90k to 140k range, all needing work. He offered me 40 percent of whatever fee I bring in if I find t…
Here is a scenario worth working through. A landowner has held a parcel for eleven years. It is zoned for multifamily by right, sewer is at the property line, and there have been…
Say a contractor with a solid track record on a couple of prior flips asks a private lender for $25,000 to finish a project, offering 10% over four months. The numbers he shares a…
Getting my license this year and a family friend asked me to help him buy a duplex inside his self-directed Roth. He's serious, has about $340k in the account, and wants to close…
This came to me through a manager I've done small jobs for. A platform is aggregating storage in two states, 19 facilities under contract or owned, targeting around 30 by the end…
Take a first driving for dollars outing, three hours on a Saturday morning in one older neighborhood of 1950s ranches, yielding 22 addresses in a notes app. Say 6 show tarps or vi…
Consider an operator with $150k available after selling half a service business, deciding where it belongs. Storage appeals to a service background because a building full of door…
I'm working through the licensing coursework and doing informational interviews with local management shops so I have some idea what the job actually is before I ask anyone to hir…
Take a sponsor offering $220,000 of preferred capital at 11% accrued, no current pay, into an 86 acre split, where the numbers deserve scrutiny before the modeling even starts. Sa…
Course hours are done, exam is in five weeks, and I'm licensing in the state I live in. The problem is that roughly 60% of my usable leads are coming out of a metro about 700 mile…
Not buying property here. A friend runs a small real estate PPC shop and wants $85,000 for a minority stake to hire two media buyers. What he showed me: 14 active clients, $4,000…
I set up the closing coordination side of a few creative deals for other people and now I've got four of these files where the buyer is self-servicing, meaning he logs into the se…
Two clauses sitting side by side in a debt fund's limited partnership agreement are worth examining carefully together. The first is in the servicing standard. A manager permitted…
Take a 310,000 dollar first position private mortgage on 46 acres, structured as a 100,000 dollar participation for the investor considering it, with the borrower's plan to split…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
