I have a small rental portfolio and I've been poking at the dispo side because it looks like the part of wholesaling that doesn't require me to cold call anyone. Everything I read…
The thing that attracts me to timber is the ability to not cut when stumpage is bad. That's the option I'm actually buying. But at roughly 400k I can't get a meaningful direct tra…
Working through a 148 unit 1996 vintage deal in a Sun Belt submarket that's about 30 percent through its supply overhang. Price 21.6 million, 145,000 a door, in-place NOI 1.19 mil…
I come from the trades so I know houses, I don't know this business. Got a quote sheet from an inspector for a friend's purchase: $450 base, $150 radon, $175 sewer scope, $125 for…
A guy I know wholesales and asked if I'd run his Facebook ads. He'd pay me $500 a month and put $1,500 on the card for spend. I've built landing pages before and I can read a dash…
Four small houses, all rehabbed and leased, and I'm at the point where the refinance step is the whole bottleneck. Two of them are still sitting on bridge money. Combined appraise…
Two offerings sitting side by side on the same platform. One is a senior loan on an apartment building, 10% annual interest, 24 month term, $1,000 minimum. The other is equity in…
Numbers on the building I'm circling. Asking $520,000, four two-bedroom units, three occupied at $1,250 and one vacant that I'd take. FHA at 3.5 percent puts about $18,200 down an…
Mid-rehab on a property I intend to keep and rent. Called my insurance agent to add it to the same policy as my other rental and she said no, a landlord policy won't cover a vacan…
Just started, so I'm probably about to get corrected, but I've been running numbers on published notices as practice deals and the pattern is ugly. Take one: ARV around 320k after…
Called two funders about a $150k first leg. One says 2% of the funded amount with a $2,500 minimum. The other says flat $3,000 plus a $495 doc fee and I wire their fee back with t…
Finishing my licensing coursework and the plan is to buy something ugly, live in it for the two years, and sell it myself to skip the listing side of the commission. On a 400k res…
Everything I read about probate is houses with 30 years of stuff inside and a dumpster. I do land. So two things. What does a small campaign actually cost per month to run properl…
I'm looking at putting working capital into a trash-out and preservation crew and the shape of the risk is unfamiliar to me, so I'd like the holes poked in it. Numbers as presente…
I read closing documents for a living and I've somehow never had to learn the vocabulary on the distressed side, so I'm asking the dumb one. REO gets used constantly and I've seen…
An operator I've been talking to sent over a two page term sheet for a 48 unit deal. Top line says "JV equity partnership." Then the terms are 90/10 contributions, 8% preferred re…
I own a service business and I'm after income that doesn't become a second company to manage. Two 25-ish lot parks in my area came up, both around $700k, lot rent in the $270 rang…
I lend rather than own, and I've got two private notes I'm carrying. The servicer sends me a statement every month showing what came in and what got remitted to me. As far as I ca…
I've got two landlord clients on the books now and I priced them both at $150 a month flat, which I'm pretty sure was a mistake. One is nine doors inside a single LLC, one operati…
Few deals in and I've hit a wall with the agent I've been using. She's excellent in the county she lives in and completely lost twenty minutes north, where the inventory I actuall…