every post in the forum, newest first
I've been sitting with the interest rate sensitivity disclosure on an agency mortgage REIT and I think it's telling me something the summary doesn't. The table gives estimated cha…
Talking to two owners this month who run the same size portfolio and hold cash in opposite ways. The first funds each house separately. Every property has its own account with rou…
Numbers on the table from an agency proposal worth picking apart. $6,000 monthly retainer, 15 percent of media spend, $18,000 media spend. That's $26,700 out the door monthly. The…
An agency told me I can't run ads to my own site because the page is slow and has nothing on it that asks for a phone number, and quoted $650 to build a landing page for one 40 ac…
Running the numbers on what a brokerage needs to clear before the owner takes anything, and it looks like the answer is headcount, not skill. Say fixed overhead of 12k a month, so…
Take a brokerage with 24 agents, 18 of whom closed at least one side in the last 12 months. Trailing numbers: 118 closings, average GCI per side $8,900, so roughly $1.05M gross. C…
Here is a scenario worth working through, because it is the point where most lead platform builders stall. Say someone has spent seven months building and has reached the part whe…
$9,400 total, my first attempt at this. The county had a list of certificates left over from earlier sales that you can buy directly at the stated rate, no auction, no bidding aga…
I'm passive in a couple of things and I read documents for a hobby, so when a sponsor I follow opened a hotel fund I got on the diligence call. I expected an hour about markets an…
Say a buyer's first house is bought and occupied, so the next decision on rung two is still a year out but worth understanding now. To fund a down payment on the next property, th…
Consider a tract being split into six pieces, where two insurance conversations in one afternoon produce two answers: raw land needs nothing because nothing is built on it, or a v…
Here is a subdivision case worth studying closely. A buyer eyes 46 acres on the edge of a growing exurban county at $9,400 an acre, $432k total. Zoning allows a five acre minimum…
The appeal of a room-by-room house is income without a second job, and the real test is whether it can survive being run entirely by somebody else. Here is what three years can lo…
Consider a ten week paid search test for off-market small rentals in a secondary market, budgeted at $6,400 with $5,200 in media, targeting three counties. A 40 mile radius drawn…
A scenario the room can work through. Three units, two 2 bedrooms and a 1 bedroom in the back. The 2 beds are rented at 1,250 and 1,225, both tenants over a year, both paying on t…
Consider a fourplex and a five unit on the same street, similar age, similar rents, where an agent calls the fourplex a residential loan and the five unit a whole different animal…
Take two adjacent 8-unit buildings near a regional public university in the upper midwest, 16 units total, mostly 3 bedroom, leased by the unit rather than by the bed at 1,850 a u…
Consider a small town near a private liberal arts college with roughly 1,800 students, where houses run $140k to $180k for four bedrooms and rents sit around $500 a bed. On paper…
Take a 9,000 square foot, two story building that operated as a furniture showroom until about 2016 and has sat half empty since. Upstairs converts reasonably cleanly to six one b…
Six months in and the thing I still can't settle is whether the tax wrapper is worth what it takes away. Inside the IRA the compounding is clean, especially on interest, and passi…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
