A seller I've traded emails with for a few months sent me a tape of nine defaulted first liens and said I could cherry-pick one instead of taking the whole pool. I've only ever bo…
A note seller sent me a tape with columns marked NPL and RPL and one row labeled "sub-performing." I thought non-performing just meant the borrower stopped paying. But two loans o…
I got my license seven weeks ago and I have no listings, no buyers, and no idea what I'm doing at the top of the market. What I did have was a Tuesday free, so when an agent in my…
Property taxes nationally are pushing toward $400 billion and homeowner costs keep climbing, insurance especially. That should mean more delinquent parcels and a bigger sale list…
Two operators I trust do this opposite ways and both close consistently, so I want to see where this room lands. One of them tells the seller the number. Signs the contract, then…
Underwriting is where I spend my time and I'm looking at this from the outside, so push back. The pitch on reverse wholesaling is that you sign up the cash buyer first, get their…
Asking is $310,000 on 38 acres, so $8,158 an acre. The parcel is outside the utility service boundary, paved county road on the south line, gently rolling, maybe 6 acres of it in…
I've posted here about analysis and no deals. This one closed in October and I want the numbers on the record while I still remember what I was thinking. 22 acres, $3,150 an acre,…
Trying to work out what the overhead looks like before I go anywhere near this as a business. Right now I'd be one van, myself, and two guys, doing interior rehab work for investo…
Two flippers I've done mechanical work for both asked me to take whole rehabs this year instead of just my scope. Between them that's maybe 11 houses, average scope $70k to $95k,…
This was my first purchase and it was small on purpose, which is the only thing that saved me. 12 acres about 40 minutes out, listed as farmland, $4,200 an acre, so $50,400. The p…
I do paper more than properties, and an operator I have worked with twice asked me to build the package on a distressed estate, 7,100 square feet, deceased owner, three siblings s…
A sponsor I have been introduced to twice is raising for a land banking vehicle and I have the deck and a draft PPM on my desk. I have never put money into land and I am trying to…
I asked a seller on a 12 acre listing what his annual carrying costs were and he sent a short list. Property taxes, a vacant land liability policy, a couple of mowings, and a subs…
Beginner framing because I get asked this every month by owners who are new to furnished, and I do not think the room agrees on it. Corporate furnished usually includes some level…
I'm building my first list and I've stalled on the very first filter, parcel size, because the two people I've asked gave me opposite answers with the same confidence. Case for sm…
Trying to work out what my first deal actually costs, and I figured the cheapest way to find sellers was to call them myself. So here's what that came to. List: 2,400 absentee own…
Before I pay anyone per lead I want to know what the inputs cost, mostly so I can tell whether a $28 per lead quote has any margin in it or whether the shop is losing money and wi…
Someone in a webinar said developers routinely spend six figures studying an office building before they've bought anything, and that most of those studies end with a no. I don't…
I have spent way too long just running numbers and I am trying to actually move on something, so I want people to poke holes in this before I do. The building is a three story for…