every post in the forum, newest first
I'm starting from nothing here and I want to understand the cost structure of an acquisitions operation before I understand anything else. Everything I read talks about markets an…
Here is a scenario worth working through, because the clause at the center of it shows up in most closed-end fund documents. An LP is asked for a $250k commitment to a closed-end…
Take a loan of $412,000 on a 6 unit brick walkup, tired but occupied at 4 of 6, borrower repositioning by turning units as they vacate, exit via a DSCR refi at stabilization. As-i…
Loan summaries in private lending routinely show second position paying 3 or 4 points more than first. Take a second lien on a rehab priced at 14 percent and 2 points, with a comb…
Standing rule in most of the training I've read is that you never reference how you found the owner and you never put their foreclosure in the first line. Lead with help, let them…
I do renovations, so I read a lot of inspection reports on houses that are about to be torn into. The reports are good. The pricing makes no sense to me. A guy spends three hours…
A clause worth understanding before signing any home inspection agreement: many inspector contracts limit liability for any claim, including negligence, to the amount of the inspe…
Locked a 3/2 at 148k against a written buy box from a buyer who closed nine houses last year. He passed on day nine because his lender wouldn't fund a fifth concurrent project. I…
Working out what the first deal actually costs and I realized I don't understand how I get paid. If I assign my contract for $5,000, does the buyer write me a check when we sign t…
For anyone underwriting off dispo lists, volume becomes the whole problem fast, sometimes hundreds of emails across a handful of senders within months. The goal is a way to say no…
I've been sitting in on pricing conversations at two shops in the same metro, similar door counts, and they've gone opposite directions on the same math. Shop A charges 10.5% of c…
Here is a scenario worth working through. Say an operator is tying up four contiguous parcels at the edge of a growing small city, 31 acres total across the four, currently zoned…
I've got a proposal in front of me from someone who wants to run disposition for a wholesaler I'm partly funding. Terms are $1,500 a month retainer plus 25% of the spread on anyth…
Here is a clause worth working through before anyone signs a marketplace listing agreement. Take a wholesaler about to list two contracts, reading the terms closely for the first…
Here is a case with nothing to show at the end, which is exactly why it is worth reading. A 2 bed cottage in an older part of town, under contract at 142k, rehab scoped at 46k, co…
Take a live-in-then-rent buyer at month 11 in the current house, deciding between two orders of operations, with lenders giving conflicting guidance on which one helps. Order A: f…
A management company built around 40 to 120 unit properties for local owners will typically find the requirements change once a 320-unit institutional buyer enters the picture. A…
Studying for the license and one of the brokers at the office let me sit in on a 180 unit listing. The offering memorandum leads with $172,000 per unit against a "replacement cost…
Consider a 2,340 square foot, two story, four bedroom spec home in an established neighborhood where similar houses trade between 545 and 590. This one appraised at 508 and sold a…
I've got a build decision to make and it changes what I spend the next year on. Option one is depth. Two states, learn them properly, one attorney per state on retainer, contract…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
