one click, then see the split
Three deals in, and the ceiling I keep hitting is how many I can run at once. So I've been looking at a live-in flip as a way to get one project working for me on a different cloc…
Aerial photography in a marketing budget tends to get justified two different ways, and the two arguments do not actually measure the same thing. The speed argument says aerial ma…
A wrap worth using as a model: a seller owing on an underlying loan around 4 percent sells at a higher price, carries a new note to the buyer at 7 percent on a larger balance, and…
I've been reading disclosure forms for about four months now, mostly because I'm looking at raw land and there are maybe six agents in the two counties I care about. A couple of t…
Co-hosts split hard on cleaning structure, and the split tends to hold at every scale until it suddenly does not. Subcontracted cleaning keeps labor off the co-host's books. The c…
Got a media quote back yesterday on a small flip and it was one number. $625, stills, walkthrough video, aerial, done. The pilot I used before that charged $340 for stills and vid…
Something odd came up when I was walking a place last week. The listing agent asked me what my plans were, and I said I'd be living in it and fixing it up over a couple of years.…
This question splits opinion consistently, so it's worth laying out both cases fairly. For anyone new to the structure: subject-to means the deed passes to the buyer while the sel…
Modeling exit on an aggregation and I can't get the room's consensus and my own math to agree. The consensus is portfolio premium. A buyer paying $90M for 14 stabilized parks with…
A typical proposal for a CRM and systems build across a small portfolio reads as all nouns in the deliverables section. Pipelines configured, sequences written, integration connec…
I have a buyer who flips maybe eight houses a year and he agreed to a call on Thursday. The plan is to ask what he buys, write it down, and go look for it. Standard reverse order…
A question worth sitting with in BRRRR is which end of the deal to shop from first. One school of thought says the discount is where the money is made. Buy the roughest house on t…
Two building types come up constantly in adaptive reuse discussions, and the advice on each tends to run in opposite directions depending on who is giving it. The office case: a 1…
Two claims about staging get made side by side and they do not actually describe the same mechanism. One is a price story. Staged houses close higher, so a few thousand dollars in…
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…
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…
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…
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…
From the debt side, the first question worth asking about any sponsor's deck is what happens if a deal goes badly, not what happens if it goes well, and track record is where that…
I've been reading through two phase one exit plans from developers in the same metro, similar lot sizes, and they've made opposite decisions on the same question. I'm still on the…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
