Selling lots I split off my own land: license or no?
I'm partway through the licensing coursework, which is how this came up. If I buy a 40 and split it into six lots and sell them one at a time over two years, am I selling my own p…
All 132 real estate strategies.Every room answered.
Start with a RE category
Next, pick a strategy
Then pick the type of post
the whole forum
I'm partway through the licensing coursework, which is how this came up. If I buy a 40 and split it into six lots and sell them one at a time over two years, am I selling my own p…
Just started so forgive the framing, but I've been reading brokerage P&Ls people post publicly and something bothers me. A firm on a 70/30 split earns 30 percent of a variable num…
Been talking to three brokerages while I finish my coursework and one of them pitches 100% commission, $199 per transaction, $99 a month. Another is a 70/30 with a cap. A third wo…
Reading a private credit vehicle's offering memorandum and the structure chart puts whole loans and B pieces inside the REIT and pushes mezzanine into a parallel vehicle. The tax…
A sponsor I've been tracking is syndicating a $3.1M mezz piece behind a $9.8M senior on a grocery anchored strip in a secondary market. Minimum is $250k and I'd be taking one unit…
Full gut on a 2,100 sf two story, 148k of scope, and I was chasing a listing date because the agent had a broker open on the calendar. Punch list was at maybe 30 items when I let…
Working out what passive hotel exposure should actually look like for me, and the two structures I keep landing on behave completely differently in a downturn. Structure one, own…
Two brokers in the last month have come back to me with the same message, which is that my quote is no longer competitive. I have been holding at 11.5% and 2 points with a 70% cap…
I've got a furnished 2 bed coming available in three weeks, 30 day minimum, mid-size market with a hospital and a decent amount of corporate traffic from two plants. My margin on…
Short version of a wrap in case anyone else is where I was two months ago. A wrap is where the seller keeps her existing mortgage in place and writes me a new, bigger loan on top…
My cousin has about 160 acres of hay ground twenty minutes off an interstate exit in the southeast. A land guy knocked in the spring, then came back with a suit, and by June there…
Two conversion decks came my way this month and they argue for the same strategy in opposite ways. The first one spends most of its pages on basis. Secondary office is distressed,…
240 purchase, closed three weeks ago with hard money at 240 plus a rehab facility. 1962 ranch, 2,100 sq ft, previous owner started a renovation in 2019 and stopped. Half the drywa…
I've done a few lighter flips, paint and kitchens mostly, and I've been using the 70 percent rule the whole way. Max offer equals 70 percent of ARV minus repairs. Worked fine when…
I've been planning this purchase for over a year and financing was the part I was most afraid of, so I want to write down what actually happened. Small three bedroom, $268,000 pur…
This was supposed to be my careful first deal. Two story masonry storefront in a small city downtown, retail on the ground floor that had been vacant for four years, second floor…
I wanted something concrete instead of more spreadsheets, so I drove around and wrote down every obsolete looking building within twenty minutes of me. Here's what I actually have…
I'm planning the first purchase carefully and this is the decision I keep stalling on, before I've even picked a house. On a live-in flip you're the one living with the choices, w…
Raw land, three parcels, no income at all. What actually moves through the accounts in a month is a property tax payment, an occasional mowing invoice, sometimes a survey or a tit…
I've been building a small service business around real estate and a friend of a friend runs two 6-bed care homes. She keeps telling me the money is in the care company, not the b…