someone asked, the room worked it out
A friend is buying a house to flip and his hard money lender is covering 75% of purchase plus rehab. He needs $40,000 more for the down payment and part of the rehab reserve, and…
Under contract-ish on a 42-lot park in a secondary market, asking $1.35M. Lot rent is $285, 38 occupied, 4 vacant lots with pads and hookups. Private well serving the whole park,…
Start with a simple model, knowing it is too simple. Two hundred certificates, average face $2,200, statutory 16 percent, everything redeems inside 18 months. The spreadsheet retu…
Got off a call with an agency that wants to run seller ads for me so I can stop paying finder fees on rehab deals. The guy said "we're at $45 CPL in your market, CPA on signed con…
Seller of a 78,000 sf single tenant building is underwriting a full roll to market and I can't make the math sit still. In-place is $4.85 psf NNN with three years left, 26 foot cl…
Working through what actually changes on the compliance side when four unrelated people each hold their own lease in one house. My insurance agent used the phrase rooming house an…
I'm looking at parcels, mostly 5 to 40 acres, price points from about $40k to $120k. Two agents have now more or less brushed me off, and a third said outright that she'd need a f…
Take a seller who owns 11 acres outright with no mortgage on it. A buyer offers close to asking but says no bank will touch raw land, and asks whether the seller will take payment…
A pattern worth naming: an agent on one of the big real estate CRMs, plan around $400 a month, takes an honest look at what actually gets used. Contacts and notes, plus the search…
Looking at a subdivision deal as a limited partner and the marketing budget has one line reading "aerial package, $4,500." Everything else in that budget is itemized down to sign…
A model that keeps coming up: a homeowner has the lot and the zoning but no capital and no appetite for permitting. A builder has the crew and can carry the build. The builder put…
Been running small numbers because that's the size I can actually fund. Ten acres, buy around $38k, split into two fives, comps on 5 acre pieces in that township are maybe $28k. S…
A common sequence on a small retail box: the lender will not issue a term sheet until a Phase I is in the file, someone in a forum says those run about $2,000, and the consultant…
Every piece I read about commercial wholesaling says the motivated sellers right now are in office and older retail. Fine, I believe there are sellers. What I can't work out is th…
I've been reading for half a year, haven't done a deal, and I want to pick something I can start this month. Bird dogging keeps coming up as the free entry point because you don't…
I got a vendor pricing sheet from a field services company and I'm trying to figure out where the trap is before I sign it. Debris removal is priced per cubic yard with a cap on t…
A construction background is a real edge on the lending side, because someone who has built can look at a rehab budget and see which borrowers are lying about it. The question is…
Take a two bedroom condo near a hospital where the mid-term math beats the long term math, but only if the furnishing number stays small. The range circulating online is enormous.…
Take an operator running six rooms under a city rooming house license. Individual room leases, month to month, shared kitchen and two baths, weekly common area cleaning provided b…
I've been asked to price cleanouts on a batch of 12 units for a manager who takes back a steady number of them after eviction. Scope reads as debris removal and a make-ready clean…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
