every post in the forum, newest first
He buys small multifamily and said if I bring him an address he ends up closing, he pays $500 per door. He wouldn't put it in writing, said that's just how it works and everyone i…
I'm funding the acquisition side for a partner who buys and flips 6 to 8 houses a year in a mid-size midwest market. Average purchase is around $145k. Two people pitched me last w…
I got invited to a closing table last spring because I was funding the equity check. Small number, nine thousand dollars, which is why I said yes without much thought. The buyer w…
Say a 12 acre parcel goes under contract at 30k with a 30 day inspection period. The sequencing question that follows is whether to open title immediately and pay for it, or wait…
Reviewing a JV agreement from the equity side for the first time often turns up an exit section that is only two sentences long. A common formulation reads that the operator shall…
A flipper takes title and insures the property while they own it. A landlord insures an asset they hold long term. A wholesaler typically never takes title, so there is no insurab…
Underwriting experience does not automatically transfer to running a wholesaling operation, and a bounded test with a real budget and a stop date is the way to find out. Say the b…
A scenario worth working through carefully: an investor owns raw land bought years before the surrounding tract was designated an opportunity zone, no debt on it, and now has a ca…
Renovation is my side of the business, so the tax structure part of this is where I get lost. What I read somewhere was that in an opportunity zone you have to spend more than you…
Take a 28 unit new build in a designated opportunity zone tract that opens partly leased in early 2024. A management contract quoted off the operator's pro forma, which projected…
This case is worth walking through because it shows how a JV structure holds up under real friction rather than on paper. Say a capital partner puts $185k into a six unit brick pr…
A common misconception when someone first hears about tax sales is that liens sell for the amount of back taxes owed, which is true, and that this makes them a cheap way to buy a…
1,380 sf rehab, fixed price contract at $92,400, three draws at 30/40/30 with 10 percent retainage held to punch list. We're through demo and rough framing repairs. The GC's lumbe…
Take a private lender writing a first loan on their own paper, small, on a 95,000 dollar rehab budget for a borrower they know well. The property underwriting is straightforward.…
A four bedroom house renting rooms at, say, $700 a room against a whole-house rent of $1,900 leaves a gap of about $900 a month. What is less obvious is what that gap costs in hou…
I finally have something specific in front of me instead of just theory, so I'd rather be told what's wrong with it now. The house: 5 bed 2 bath, about 2,300 square feet, built 19…
24 unit building under contract, needs about $1.8M of equity. I've talked to four capital providers now. Two want three comparable completed deals with audited statements. One off…
Take a 63 page operating agreement on a 6.8M mixed use JV, with the capital partner putting in 2.1M of a 2.4M equity check, the operator bringing 300k plus the deal, an 8.5% pref…
I've been doing this about five months, which is to say I've been reading. An operator I met through my agent is putting together a 4,900 sq ft dated luxury reno and offered me a…
A renovation on a house listed just under $3M often comes with insurance requirements that look nothing like a typical job. Builder's risk at full replacement value, a vacancy end…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
