Take a small multifamily operator moving into a first single-family purchase, expecting it to be the easy deal. House at 231k, 4/2, 1,600 square feet, built 1994, decent school zo…
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…
The finding I can't stop turning over: after the new rules, buyer-agent commission percentages on high-end homes drifted slightly lower while the more affordable end held or went…
Got offered a junior buyer-side slot on a team that works the top end of my metro. I've been licensed four months so I know I'm the least experienced person in any room I walk int…
Left my old field last year and I have been reading about every strategy in this forum. Land banking is the one I keep coming back to, mostly because I cannot manage tenants aroun…
Land banking gets used two different ways, and they describe different activities. One usage is what large homebuilders do: optioning lots from a third party who holds them so the…
Take a 1950s farmhouse on nine acres needing a full rehab: roof, panel upgrade, two bathrooms gutted, new well pump. Guidance on this tends to split. One position holds that an ow…
Consider a general contractor running four to six investor rehabs at a time, average job cost $70k, whose clients pay on a draw schedule with inspection after completed work. That…
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…
Story
I sat in on a call because a friend from my land group wanted a second set of ears. He owns a piece of a small industrial park and the senior loan was coming due. The new lender w…
Here is a case worth studying, because the loss sits in a line most people never model. Take a $215,000 three bed in a decent suburb bought inside a traditional SDIRA. $112,000 of…
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…
A small failure mode, and one that rarely gets described, so it is worth laying out as a case. Take an investor who sells a rental in early 2024 with a gain of about $50k. Moving…
An agent running four or five deals a month offering $350 a file for contract to close work raises a fair question: is that the market rate, or a number set because the person on…
I've been coordinating files part time for two agents at a flat $425 per closed file, mostly resale with financing, average 34 days contract to close. That number works because th…
Worth writing down because everything I'd read about this strategy assumes you get to the closing. A seller was breaking up a small tape and I bid on three files out of it. To mov…
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…
This is the question I would have kept to myself in a room full of people, so here it is. Everything I read about auctions says you buy as-is, sight unseen, no inspection. Fine. B…
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…