Neighbor of mine owns a cottage he rents nightly. He pays someone 20% and when I asked what she does he said "everything," which told me nothing. From the outside I see a smart lo…
I've read the phrase maybe forty times and I still can't picture the transaction. A note has a face value. Someone sells it below that. But which number is face? Is it the origina…
I'm working out the economics before I try to do this rather than after. Say another wholesaler brings me a contract with a $12k spread built in, they've done the acquisition and…
I've been sitting on the sidelines and the language in every offering memorandum I read is basically the same now: supply wave is over, vacancy has peaked, absorption catches up,…
I do renovation work and I'm trying to understand the pre-foreclosure side properly before I chase any of it. The part I can't get past: the whole pitch is that the owner is about…
Reading a subordination agreement a senior sent over for a gap piece and two clauses are doing a lot of work. One: the senior may deliver a payment blockage notice on any default…
I own a small rental through an LLC I control. The idea I had was to sell it to my IRA at an appraised price so the future rent grows tax-deferred. Cash changes hands at market va…
I got a sample note-and-deed-of-trust package from a title company and read the whole thing. There are blanks for the late charge, the grace period, the default rate, and the ball…
Looking at this from the loan side rather than as a buyer. If the seller agrees to cover the buyer agent fee as a credit in the contract, that credit is money moving from seller t…
Storage is new to me even after years of underwriting other assets, and I keep hitting the phrase portfolio aggregation in every deck I read. Sometimes it seems to mean a fund buy…
I've been mapping out a route for a few older neighborhoods near me and I've got about 40 addresses logged so far, mostly overgrown yards and one house with plywood on a side wind…
Trying to work out where a service business could sit around this, and the licensing part keeps stopping me. For a normal rental I understand you mostly need a landlord policy. Fo…
I do HVAC and plumbing work for a management company that runs about 600 doors, mostly single family and small multi. They bill owners my invoice plus a 10 percent coordination ch…
A sponsor deck I was reading showed a parcel bought at about $4,000 an acre and modeled the resulting lots at $9,000 an acre. Same dirt, same road frontage, and the only thing tha…
I care more about the filing cabinet than the houses, so this is where I'm stuck. My plan is to source in four states, none of them the one where my LLC is organized. The LLC neve…
One of the private lenders I've been talking to about how his money moves mentioned in passing that two of his borrowers pay a wholesaler a monthly retainer to hunt for them inste…
One of the agents I write pre-listing material for asked for conversion numbers before she renews. She goes on something like 30 listing appointments a year and signed 12 of them…
I've built landing pages and run small campaigns for myself, and a local flipper asked what I'd charge to run seller ads for him. He's thinking $4,000 to $5,000 a month in ad spen…
Closing attorney's suggestion on a house I'm working: deed into a land trust with the seller as the initial beneficiary, then she assigns the beneficial interest to me at closing.…
I don't want a second job. A land planner I called quoted $6,500 to take a 22 acre parcel through a minor subdivision into four lots, and said that excludes the survey, the county…