someone asked, the room worked it out
Take a beginner who has been driving neighborhoods and has about 400 addresses with owner names off the county site, no phone numbers yet, spending maybe 60 a month, mostly on pos…
Take a lead where the owner died about a year ago. Three adult children, all out of state, and the one who calls back says she is the executor. Asked for a copy of the letters, sh…
42,000 sf medical office building, all in at roughly $16.8M, so about $400/sf including a $85/sf TI allowance for the anchor. Construction loan quoted at 62 percent LTC, SOFR plus…
Take a 1,400 acre southern pine tract, mixed ages, roughly 40 percent in sawtimber-eligible stems by the cruise. Base case underwriting assumes stumpage roughly flat in real terms…
Looked at from the lending side rather than the owner's, the cost basis question keeps coming up. On a delayed financing setup the file is supposed to document the purchase and th…
Spent $1,120 with a per-lead shop, took 40 leads, worked every one myself. Two got to an offer, both went cold on price. What I think happened is that per-lead pricing pays them t…
Two clients on full-time seats at $13 an hour. One of them sat through an AI SDR demo and came back asking for $9, saying the human is mostly supervising a machine at this point.…
For anyone building a service business around real estate, the expanded reporting on qualified opportunity funds under the permanence law looks like a real gap. The typical operat…
An offering page will say 10 to 12 percent target IRR and then, further down, carry a line about distributions beginning in year three, which makes no sense to anyone expecting 10…
A theoretical case worth settling before anyone is in it. Say a wholesaler locks up a contract and JVs with another wholesaler who has the buyer. Assignment fee is 10,000, agreed…
Take a listing for 5 acres at 12,000 where the seller says the property tax is about 180 a year, and a buyer whose plan is simply to own it and let it sit, which is land banking.…
Anyone pricing a small calling service runs into a wild competitor spread. Per lead, 25 to 60 dollars. Per appointment, 80 to 150. Per caller hour, 7 to 12, with the dialer billed…
Take an investor with a small rental portfolio looking at a non-traded REIT for the part of the money that should not be tied to a roof. The offering says distributions may be fun…
I'm brand new here, so treat me accordingly, but a broker who knows I'm looking sent me a package and I'd rather learn on a real set of numbers than a blog post. 1962 office build…
A general contractor who has run framing and concrete crews on apartment jobs for years is comfortable with schedule and hard costs, and can say what a 24 unit wood frame building…
Looked at from the private lending side, where owning houses is never the goal, wholesaling raises a basic question. Everything written about it says wholesaling requires no money…
Before any bids go in, model a 16 percent state with a three year redemption period and watch what the subs do to the spreadsheet. Say the certificate is won at 4,200 face with no…
Say an IRA is funding a small private loan and the borrower's attorney drafts the note with the account holder as payee, personally, because that is the name he had. The IRA is th…
I'm looking at a rural county and pulled the assessor site expecting to see what parcels sold for. There's acreage, an assessed value, an owner name, and no sale price anywhere. S…
Take an allocator with a target of about 12 percent to listed real estate and roughly 400k to move into it. The default instinct is a slow build, equal tranches over eight quarter…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
