Working out what my first purchase costs in a way that survives contact with a house I can't get into. I've been running 15 percent of ARV as a repair contingency on anything I ha…
Take an acquisitions team running 260 to 310 inbound seller leads a month across paid search and direct mail, with two acquisitions people and no dedicated ISA. A common finding w…
I've been reading the exit posts in here and they split in a way I didn't expect. Two different disciplines, both defensible. One camp writes the trigger at purchase. Sewer gets f…
A pattern worth naming: investment summaries from agents tend to share the same three problems. Vacancy at 5%, a number typed rather than sourced. Maintenance and capex folded int…
The core tension in funding an ADU is that the money going in and the value coming out are measured by two different people who never talk to each other. There are four common way…
For someone who wants income that does not turn into a second job, this strategy is usually the version they can actually qualify for. What does not settle easily is the pace. The…
I spent a weekend trying to verify a 60-name buyer list a dispo operator sent me as part of his pitch for capital, and the exercise mostly taught me how weak the standard evidence…
It is easy to spend so long comparing software that the analysis becomes the hobby instead of the houses, which is worse than either option. Subscription apps handle address loggi…
For anyone running a business on the side and looking at foreclosure buying, the same question keeps surfacing. There are three doors into this, and it is hard to be competent at…
I'm working through licensing on the service side and looking for something to build around. Three separate conversations in the last month with people buying liens at volume ende…
Ran into this twice in the last month and I still don't have a settled position. Setup: my name goes on the purchase contract, I found the seller, my partner is bringing the buyer…
For an investor opening a brokerage account with a modest sum to put toward real estate exposure without buying a building, the two paths are usually a broad REIT index fund or fi…
A common decision point when hiring a marketing agency for owner lead generation is choosing between a proposal promising a fixed lead count, say 25 qualified leads a month or the…
Consider a hypothetical aggregation of 12 parks, roughly 1,050 pads, mostly 1970s builds in secondary midwest and southeast markets, master metered water, expense ratio around 44…
My agent asked what the top of my budget is. I said $260k and my actual ceiling is closer to $310k on the right building. I held back because I've watched a friend get walked stea…
For owners of voucher units, the requested rent amount is one of the more contested decisions at lease-up and turn, and two defensible strategies both work in practice. Asking the…
A syndicator with a track record of closing deals one at a time over several years, working with the same group of roughly thirty investors, eventually runs into a familiar reques…
Worth arguing out rather than guessing at, because both positions have serious operators behind them. One school says decide the exit up front. You write the purchase contract kno…
Two lenders I've been talking to underwrite the same flip completely differently and I can't decide which one I'd rather be. The first caps every loan at 70 percent of after repai…
Consider a 180-unit garden deal where the senior is sized to a 1.20x coverage on its own and the sponsor needs another 4.5 million to close the refi gap, with the old mortgage aro…