someone asked, the room worked it out
Staging keeps coming up for people choosing a side of this business because it looks like the cheapest thing to start. In most markets the stagers advertising will show a mix of c…
Career changer here, starting from nothing. Every video says wholesaling off-market deals needs no money, and then the same video sells a $97 a month software subscription. So cle…
I renovated a house intending to sell outright, the scope ran over as usual, and now I'm considering carrying the paper instead of taking a thinner cash number. Something I don't…
The usual framing is that the deep discount at purchase is the engine and the resale is where the cash arrives. Look at the failures in this strategy and almost all of them sit on…
I'm looking at my first performing note, single family, borrower current for about four years. The seller emailed a list of what gets delivered at closing: original note, allonge,…
Contract at $182,000, buyer at $221,000, so $39,000 gross. Buyer's agent saw the assignment amount on the draft statement and now they want a double close so their client isn't st…
I'm reading the lease summary on a dollar store building, 9,100 square feet, and the listing says NNN in big letters. Then page three of the abstract says landlord is responsible…
Take a guarantee form on a 12 month August to July lease. The student is a sophomore and the parent signs as guarantor for the full term. If the student transfers in December, the…
I'm new at this, so here's the beginner question from the back of the room. When people here talk about conversions the numbers are in the millions. I want to know what the floor…
Reviewing a $34M multifamily acquisition. $11.5M of LP equity, bridge debt at SOFR plus 340 with a rate cap that expires in 14 months, interest-only, two 12-month extension option…
Self-managing has been fine at two units and it's getting sloppy at four. Rent comes in three different ways, my repair receipts live in a photo album, and I did a lease renewal f…
A portfolio construction question rather than a deal question, and it deserves a sanity check from people who underwrite for a living. If a typical equity offering has some real p…
A term sheet on a rehab-to-rent loan will carry a line saying builder's risk binder required prior to first draw, naming the lender as mortgagee. Most first time borrowers assume…
I spent fourteen years doing site selection and trade area analysis for a grocery chain, mostly drive time modeling, cannibalization studies, and go/no-go on individual boxes. Lef…
Modeling acquisition three on paper is where the lending side tends to fall apart, so here is a worked picture. Property one PITI 1,850, market rent around 2,150. Property two PIT…
A common bind worth working through with numbers. Say a lender wants 12 months of ownership before a cash-out refi at appraised value. Before that it is purchase price plus docume…
Numbers first. ARV around 240, needs maybe 35 in work, so I want to be in at 145 to 155 for it to be worth touching as a flip. There's a HECM reverse mortgage on it and the servic…
A scenario for the room. A housing authority does an annual on a three-unit. Units 1 and 2 pass. Unit 3 fails on bathroom ventilation, the fan runs but the inspector says it is no…
Looked at from the capital side rather than the driver's seat. If a driver covers say 60 to 80 addresses per hour in a dense grid and is paid 20 an hour plus mileage, that is roug…
Take an owner who finished 900 square feet of basement, permitted, with an egress window and proper heat, in a house that shows 1,600 above grade. The appraisal comes back describ…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
