someone asked, the room worked it out
Take an operator with four small houses, all rehabbed and leased, where the refinance step has become the whole bottleneck and two of them are still sitting on bridge money. Combi…
Two offerings sitting side by side on the same platform. One is a senior loan on an apartment building, 10 percent annual interest, 24 month term, $1,000 minimum. The other is equ…
Here is a fourplex that fails the FHA self-sufficiency test by a small margin, worth working through. Asking $520,000, four two-bedroom units, three occupied at $1,250 and one vac…
A call that happens mid-rehab on a property meant to be kept and rented. The owner asks to add it to the same policy as an existing rental and the agent says no, a landlord policy…
Just started, so I'm probably about to get corrected, but I've been running numbers on published notices as practice deals and the pattern is ugly. Take one: ARV around 320k after…
Two typical quotes on a $150k first leg. One funder charges 2 percent of the funded amount with a $2,500 minimum. The other charges a flat $3,000 plus a $495 doc fee, with the fee…
Finishing my licensing coursework and the plan is to buy something ugly, live in it for the two years, and sell it myself to skip the listing side of the commission. On a 400k res…
Nearly everything written about probate assumes a house with 30 years of belongings inside and a dumpster out front. Land investors ask two fair questions about it. First, what do…
Here is a working capital structure worth poking holes in, because the shape of the risk is unfamiliar to most people coming from property. Numbers as typically presented: about $…
I read closing documents for a living and I've somehow never had to learn the vocabulary on the distressed side, so I'm asking the dumb one. REO gets used constantly and I've seen…
Consider a two page term sheet for a 48 unit deal. The top line says JV equity partnership. Then the terms are 90/10 contributions, an 8 percent preferred return, a 70/30 split ab…
A common profile: someone who owns a service business and wants income that doesn't turn into a second company to manage. Two parks of roughly 25 lots come up in the same area, bo…
A fair question from the lending side rather than the owning side. Take an investor carrying two private notes through a servicer. The servicer sends a monthly statement showing w…
A pricing mistake that shows up constantly in landlord bookkeeping: two clients priced at the same $150 a month flat. One is nine doors inside a single LLC, one operating account,…
Few deals in and I've hit a wall with the agent I've been using. She's excellent in the county she lives in and completely lost twenty minutes north, where the inventory I actuall…
Before I fund anything connected to this, I want to understand the model. What I've read says virtual wholesaling needs no money because you assign the contract instead of buying…
Two stories a first-time seller of a small rental hears in the same week, and they don't line up. The meetup version is that since the commission settlement the seller doesn't pay…
I ask the questions I'd be embarrassed to ask out loud, so here's one. I have two contracts I can't move, small fees, maybe $12,000 combined if they close. An operator with someth…
I said duplex and rental income on the phone and got back a quote for a landlord policy, which confused me because I'm living in the other side. When I said that, the agent said w…
Take an 88-unit age-restricted rental whose residents are aging into needing a little help, and which is losing them to an assisted living community 20 minutes away at roughly dou…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
