Sent one letter, the borrower reinstated, and I think I got lucky
I've been getting my license and doing paperwork all year, so this was the one thing I did with actual money in 2026. A guy who buys small pools locally was breaking one up and ha…
every post in the forum, newest first
I've been getting my license and doing paperwork all year, so this was the one thing I did with actual money in 2026. A guy who buys small pools locally was breaking one up and ha…
Take an industrial ground-up build and work through whether it is even the same discipline as small multifamily. Land at 1.2M for about 4.5 acres. Hard cost pencils at 145 a squar…
Small three tenant shell on an outparcel next to a grocery-anchored center, secondary market. Total project cost came in at $1.9M. I've wired a lot of these for other people and t…
I sent 300 letters on 5 to 40 acre parcels in two rural counties. One reply, from a woman in another state who inherited 12 acres from an uncle and has been paying $190 a year in…
@ehernandez74 a first mail campaign to absentee owners of 5 to 40 acre rural parcels, pulled from county assessor data and filtered for out-of-county mailing addresses, seven-plus…
This was a 2,900 sf suite in a five-suite medical condo building about a mile from a regional hospital. Bought it at $412k with a solo podiatry practice in place at $26/sf on a mo…
Single tenant off-campus building, cardiology group, seven years left at $34 psf. The practice told me informally they're in talks to be acquired by the regional health system. I…
Take a townhouse, 3 bed, in a mid price suburban pocket, comps around $268k, with $141k owed on a fixed loan the owner will never beat. Rent is $1,725 and a tenant of three years,…
Structure I inherited when I bought into this position: 36-month lease option on a single family, rent $1,750, of which $350 a month is credited toward a $265,000 strike price, pl…
I've been doing passive positions for a while and I do a lot of due diligence on sponsors, so I'm comfortable with the paperwork side. What I've never done is buy a property direc…
Consider a rural county where target houses run $38k to $72k, rents hold in the $675 to $850 range, and tenancies average longer than in most metros. The math on the property itse…
Posting the beginner version because I think people newer than me want to see one where nobody got clever. I sent letters to owners of vacant rural parcels who were behind on taxe…
Take a first rental going up for lease, a small two bed in a decent suburban pocket, asking $1,650. The agent's listing draft comes back with eleven photos, several repeating the…
Agents sometimes pay one vendor for listing media and a separate one for listing content, and the distinction is real even when it is poorly explained. Media generally refers to t…
Been building the cost sheet for a first rental and the line that keeps breaking it is a $7,000 sourcing fee. My actual closing costs on a $150k house pencil around $4,200 in my m…
Consider development risk through a single tenant urgent care build, roughly 4,800 square feet on an outparcel in a suburb with a lot of new rooftops, total project cost 3.6 milli…
Trying to build a real predevelopment budget for a small commercial site and I keep guessing at the line items. I know I need a survey and a geotech report and civil drawings. I d…
Most tenancy addendum packets include a line stating that in case of conflict between the addendum and the lease, the addendum controls. Paired with a standard state lease form ca…
The owner whose turnovers and listing photos I handle sent me the payment standard sheet from the housing authority with "1720" circled in pen. Her 3 bed townhouse has been vacant…
A lender term sheet on a small storage facility purchase often lists a loss of rents endorsement and customer goods legal liability alongside the familiar property and liability l…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.