Does buying a lot and sitting on it count as land banking?
I've been reading in circles on this. One thing I read said land banking is what big homebuilders do, where they option lots from a third party who holds them so they don't sit on…
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I've been reading in circles on this. One thing I read said land banking is what big homebuilders do, where they option lots from a third party who holds them so they don't sit on…
I ended up with a 1950s farmhouse on nine acres and it needs everything: roof, panel upgrade, two bathrooms gutted, new well pump. Two different people gave me two different answe…
An agent I know offered me $350 a file to run her contract-to-close work. She has maybe four or five deals a month. I said yes before working out whether $350 is normal or whether…
This is the question I would have kept to myself in a room full of people, so here it is. Everything I read about auctions says you buy as-is, sight unseen, no inspection. Fine. B…
Studying for my license now and most of the material is about representing buyers and sellers. Nothing in it touches REITs, which made me wonder whether buying them for my own acc…
I've now been through two brokerages' buyer representation forms, line by line, and there's language in both that deserves a plain reading. Three things I want stated plainly rath…
Building out services for small landlords and voucher compliance keeps coming up as something people say they'd pay for, so I'm trying to price it honestly rather than guess. Two…
Getting my license and doing a lot of reading on the side, and BRRRR keeps coming up as the thing people do when they don't have much money. But every worked example I find starts…
Working through this and I think I might be worrying about the wrong number. Deal I'm modeling: 110k purchase, 50k rehab, 160k all in. ARV 205k, refi at 75% gives 153k, so 7k stay…
I'm planning a first purchase and I've narrowed to two single family houses, both around 1,100 square feet, both older. Section 8 keeps coming up as the steady option and the paym…
Thinking about having the IRA fund a single loan to an investor buying a rental, first position, maybe 60 percent of value. Someone at a meetup told me anyone making a mortgage lo…
Something clicked reading through this. The reason absentee owners sell at steep discounts isn't that they're bad at math, it's that the parcel produces a bill every year and noth…
I've now read three apartment fund PPMs and all three describe themselves as value-add. One is buying 2019-vintage lease-ups at a discount and doing essentially nothing to the uni…
My lender walked me through FHA on a small multifamily and I came away confused about one thing. I had it in my head that since I'd only be living in one of the four units, the 3.…
I've got roughly $400k of long-term gain coming off the sale of a minority interest in an operating company. Two funds in front of me. One is closing on a current-zone development…
Working through the valuation section of a public non-traded REIT and I want to know how much weight the NAV can carry. Monthly NAV, independent valuation advisor reviewing apprai…
Parcel is $240k, seller will carry at 6.5% with 20% down, interest only, quarterly payments around $2,600, balloon at year five. He's firm on the five years. My growth thesis on t…
I've got a house under contract at $198k and my contract has language barring assignment without the seller's written consent, which I did not clock when I signed. I don't have a…
Rough model I keep coming back to. Eight listings, call it $55,000 gross booking revenue each per year, which is what the market data I can find suggests for a 2 bed near me. That…
We're bidding interior renovations on a three-property, 1,100-unit portfolio an institutional buyer just took down as value-add. The scope sheet is standard: LVP, quartz caps over…