I've been reading this room for a while and I think I understand the basic idea. I find a house, I tell an investor about it, they do the deal, I get a fee. What I'm stuck on is s…
I've got a list of four lots I'm watching and I've been reading about the owner-builder permit. The way I understood it, if I own the land I can pull the permit myself and hire su…
Nobody will give me a straight number on startup cost, and I've been at this half a year with nothing closed. The videos say almost nothing, which I don't believe, and then the sa…
40 acres, contract price $128,000, mostly wooded with about 6 tillable acres. Title commitment came back with two things I don't like. First, a deed out of an estate in 1978 with…
We've been going back and forth on whether to add a licensed buyer-side person to our small service team rather than referring everything out. What I don't have a handle on is the…
I have four of these running. Two sellers have now come back asking to be released from the mortgage because their lender is counting the payment against their DTI and it's blocki…
I've been talking with a sponsor about his next acquisition and he mentioned that if I bring other investors in he'd pay me 2 percent of whatever they commit. I know a fair number…
Working through a two-unit purchase and the loan officer keeps using the phrase "principal residence." My work has me out of state most weeks, sleeping in hotels, and I'd genuinel…
Coming from a totally different career so forgive me. I read somewhere that a flip is cosmetic as long as you don't touch plumbing or electrical, and that if you don't open a wall…
My interest is lending rather than owning, and I've been reading about REITs mostly because it seemed like a way to get exposure to real estate credit without originating anything…
Trying to get straight what it actually costs to put money into one of these. One platform says $10 to start, another says $500, and the deal-by-deal ones I looked at said $25,000…
Six full-cycle exits, average 22 percent IRR, 1.9x average equity multiple, holds between 2.5 and 3.5 years. Every one of those exits happened while cap rates were compressing, an…
Underwriting is my day job, and this asset class has never come across my desk, so I'm asking the entry-level question deliberately. Every hotel deal that crosses my desk is $8M a…
Sorting through this from the lending side, so tell me where my math is off. Guy owes about 214k on a loan at 3.1%, house would list somewhere near 290k. He said he wants 75k for…
I've been going through the numbers on this strategy and they work, which is sort of the problem. The return comes from a household that stopped being able to pay. The guide says…
I found a listing for 5 acres priced at $500 down and $289 a month, no credit check. My first rental is coming up and I've spent weeks on tenant screening, so seeing a seller hand…
I've got a spreadsheet going for a duplex in the $300k range, FHA, and every time I think it's finished I find another cost. Right now I have down payment $10,500, closing costs s…
I represent a buyer who's accumulating small multifamily, $150k to $220k duplexes, and he wants to restructure how he pays me. Right now it's 2.5%, which on his range is $3,750 to…
Small town, population under 5,000. There's a side by side duplex at $92k, both units rented, roof looks newer. I called the lender I got preapproved with and was told they don't…
I own some raw acreage and I've been trying to get a straight answer on highest and best use before I do anything with it. Talked to two people who both call themselves land consu…