The ceiling height nearly killed a $34k basement conversion
Bought a 1950s ranch for $265k with an FHA loan, 3.5 percent down. It had a walkout basement with its own door to the side yard, which is why I bought it instead of the cleaner ho…
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Bought a 1950s ranch for $265k with an FHA loan, 3.5 percent down. It had a walkout basement with its own door to the side yard, which is why I bought it instead of the cleaner ho…
Side by side duplex, 429k, 5 percent conventional owner occupied. PITI plus MIP lands around 3,150. Other side rents at 1,750, market supports maybe 1,800 on turnover. So I'm out…
I've had the same conversation three times this month with owners and managers and nobody agrees. Percent of collected rent is the default. Eight to twelve percent depending on ma…
I've been talking to two people on opposite ends of this and I can't tell which one is the harder road. One runs a shop that started with four doors from a friend's rental and gre…
Sat through two intro calls this week for the same price band, roughly $4k for six months of group coaching plus office hours. The first guy owns a real portfolio, small multifami…
Reading the buyer agreement my agent sent before I've toured anything. Two things I can't parse. First, there's a paragraph titled protection period. It says if the agreement expi…
First rental coming and I've been reading everything, which means I've read about forty articles saying the NAR settlement was going to end the 6% commission. Then I looked at wha…
Working on my salesperson license now and a private lender I know suggested I bring him deals and take a piece of the points. He funds, I find the borrower, walk the file, and get…
I pulled $92k out of a refi on one of my small buildings and I don't want it sitting in savings for another year. A guy I know locally does 4 or 5 flips a year, mostly 1950s three…
I mail land and small acreage, so this was a side experiment. I pulled the notices of default from two rural counties for the last 90 days, filtered to anything with more than 5 a…
Three deals in and I've hit a wall on the REO side. Every bank-owned listing that hits the MLS in my two target zips is going to highest and best within about 72 hours, and the wi…
The county parcel viewer in the two rural counties I'm working lists 41 properties with a land use code for manufactured home community. I figured that was my whole universe. It w…
The park I'm working toward has 3 homes the current owner owns and rents out. I'd rather have those residents own their homes and just pay lot rent, which as far as I understand i…
Sponsor's investor page: 14 acquisitions, 4 realized, average IRR 24% on the realized ones. All four of those were acquired between 2014 and 2017 and sold before 2020. The other t…
This one closed in Q3 and I've been sitting on the numbers for a month before writing it up. Structure: $85k into a 214-unit garden multifamily deal in a mid-size southeast market…
I'm getting ready to list two parcels and the agent's marketing person sent over a menu. There's a one-time line called brand kit at $1,200 and then per-listing packages under it.…
Finished a full gut on a 1,340 square foot three bedroom, all in at about $228,000 including purchase, listed at $265,000. My agent's preferred marketing shop quoted $1,100 for th…
I look at draw schedules and budgets on the lending side, so I see the marketing line on a lot of flip and small development budgets. That line ranges from $200 to $1,600 on house…
Running a bid on a first lien and I can't make the math survive the calendar. UPB 180k, last payment 31 months ago, borrower still in the house and not responding to the current s…
Rural note, seller wants $19k, UPB $58,300, no payments since late 2024. Property is 3.1 acres with a 1998 double-wide on it. Tax record shows land and improvement together, asses…