I've been reading a fund's subscription docs and the definitions section has three acronyms doing what looks like the same job. QOF is the fund. QOZB is apparently the business th…
Closed on a small three-unit last month. Gain is about $310k after depreciation recapture is carved out, and my accountant is still confirming the split. I have deals in progress…
I've been pricing out what a small title agency actually keeps per file and the remittance split is where my math keeps wobbling. Take a $400k purchase in a filed-rate state: owne…
I'm helping a small title agency price out what the residential real estate reporting rule actually costs them per file before the March 1, 2026 effective date. They have counsel,…
I sold a small shop building my service business used to operate out of, held it seven years, gain after depreciation recapture worked out to $94k. My accountant mentioned opportu…
I've been underwriting other people's flip requests for a while and I'm finally looking at doing one myself, which means I'm on the other side of the questions I usually ask. The…
Still stinging so I'll keep it factual. I got introduced to a flipper through a local meetup. He said he pays 1,000 on any lead of mine that he closes. No fee per lead, no retaine…
I'm looking at my first rent-to-own on the buyer side and the two drafts I've been shown handle the option fee completely differently. In one, the $6,500 goes to the owner at sign…
I've been looking for somewhere to put capital and instead an owner I know offered me the operating side. Two cabins, both his, and he wants out of the day to day. 15% of revenue.…
An operator in my market is winding down after three years and wants to hand me his four short-term rentals. I've been researching this for six months without doing anything, and…
This is the worst project I've done and I want to write it down properly while I still remember the sequence. Background: I hold land and I don't usually renovate anything. I pick…
Small win, real numbers. Corner building in a designated tract, retail down, two apartments up, vacant three years. Paid 148k. Allocation put 39k to land and 109k to the building,…
Deal in front of me is a $320k house, buyer bringing 10% down, so a $288k note. I intend to sell the note after roughly twelve months of payments rather than hold it. Two structur…
Renovated 3/2, 1,450 square feet, in a first ring suburb of a mid size market. All in at 205k including holding. Listed at 269k, best offer 265k from a buyer who has been denied t…
NOD recorded in a non-judicial state, auction 27 days out when the owner signed with me. Payoff came back at 187,400 including 14,200 of arrears and trustee fees. I agreed to 241k…
Under option on 27 acres, $5,000 option fee applied to purchase, 90 days to decide. Plan was four lots off what I thought was 400 feet of road frontage plus a shared gravel drive…
LP position, 216 units, 2015 vintage, suburban submarket with a lot of new delivery. Sponsor's management arm operates it, which was disclosed and which I accepted going in. Fee i…
620 units across three properties in the same submarket, all garden style, built late 90s. Insurance renewal quoted 24% over expiring. Submarket rent growth is running about 1.9%…
I've had two closers use "simultaneous close" and "dry close" to mean different things and I want to nail the definition before I structure anything. Closer one told me simultaneo…
Eleven days out from closing on a small brick ranch in a working class pocket of town. 168,000, 20 percent down, small local bank doing the loan. Inspection is done, roof has mayb…