someone asked, the room worked it out
The ordinance for the town I'm looking in says a single-family dwelling is for occupancy by one family. Then the definitions section says family means one or more persons related…
Consider a $1.1M call on a 2021 bridge deal. The rate cap expires in five months and the money is the extension quote plus a reserve top-up the lender wants sized. Forty-two LPs.…
A seller exiting a house already operating as four rented rooms will call it turnkey, and a buyer coming from the lending side of the table is right to build a real setup budget i…
Sitting with a 9,400 sf building, two suites, one of them a former imaging tenant that left behind lead-lined walls, a reinforced slab section and a 400 amp service. Seller is pri…
I've been working with an agent who genuinely knows investment numbers. She runs comps, she understands ARV, she's brought me two pocket listings from her wholesaler contacts. No…
Take a 12-month bridge with a 6-month extension option at one point. The sponsor's exit is a DSCR refinance on a stabilized 8-unit, and the pro forma has certificates of occupancy…
A typical agency onboarding sheet, before anything is signed: CRM $99/mo, call tracking $45/mo plus $0.03 a minute, landing page builder $99/mo, skip trace credits billed as used.…
I'm a few deals in and my ceiling right now is that I can't tell a good number from a hopeful one fast enough. Two people have suggested I get an appraisal license so I stop payin…
A clause that trips up sellers and brokerages alike: the aerial photographer's agreement says he retains copyright and grants a license to use the images for the duration of the l…
A common starting point: an owner hands over the co-hosting agreement his previous co-host used, and it is a page and a half. Fee percentage, a line saying the co-host handles gue…
Sitting on a four-bedroom in an HOA neighborhood that pencils well if I can rent rooms and doesn't pencil at all as a single lease. My agent's answer was "people do it around here…
A seller is told her house needs staging, and what the agent actually does is have her box up half the family photos and move a bookcase to the garage. No furniture arrives. In th…
For anyone coming to co-hosting from a corner of the business where software subscriptions are not a line item, the pricing is oddly hard to find. Take an owner with three condos…
A two bed cabin, listed as turnkey furnished and operating nightly. The seller wants the real property at asking and then $18k on a separate bill of sale for the furnishings, whic…
Take a shell in a market that has been tracked for a year. ARV supported at 340k by three comps within a quarter mile, all renovated to the finish level being matched. The contrac…
The capital recycling math on the owner-finance model stops making sense at a certain point, and it is worth working through exactly where. Say basis is $28,000 all in on 40 acres…
In a rural market where the typical sale price is under $100k, the flat fee model deserves a hard look. Take a $95,000 sale at 2.5 percent to the listing side. That is $2,375 gros…
A common sticking point before anyone funds a public non-traded REIT is the tax paperwork. Investors who do private real estate deals will often say anything like this sends a K-1…
I have two parcels under contract, 11 acres and 4 acres, both rural, and I'd rather assign them than close and hold. Three of the people who advertise dispo services said outright…
I ask the questions I'd have been embarrassed to ask out loud, so here's one with numbers. Underwriting a house where I pulled six comps in a half mile radius, all sold in the las…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
