I've spent two months on ordinances instead of listings and I've narrowed to two very different first purchases. I can't tell which one is the beginner version. Option A is a mid-…
I have no closed deals, six months of driving neighborhoods and pulling lists. Two local groups will take me. The first one is four people and they want me on acquisitions only. I…
Been circling strategies for about a year and keep landing in the same place. I'm not good with a hammer, I don't have 200k sitting around, and the thing I'm actually good at is t…
I started scouting to meet the people I eventually want to place money with, and I kept records the whole way because I wasn't sure the activity paid for itself. Seven months late…
Been holding a position in a public non-traded REIT for four years, funded out of retained earnings from the service business. Nothing dramatic, it's the part of the balance sheet…
Spent twenty years pricing jobs where every line item was labor, materials or overhead, so the fee page on this multifamily offering is bothering me. 2% acquisition fee on a $14M…
Three years ago I put $50,000 into a self-storage syndication. First LP check I ever wrote. The sponsor's deck had five prior deals on it, all full cycle, all between 1.7x and 2.2…
Reading a custodian's account agreement and the signature block is confusing me. The purchase contract apparently gets signed by the custodian as trustee for the benefit of my IRA…
I've spent a week going through the mechanics of debt-financed income inside a self-directed IRA and I want to state what I think I know in plain language so someone can tell me w…
I manage rentals for an investor who buys from wholesalers, and his last purchase came apart over seasoning. His lender wouldn't lend unless the seller had held title for a stretc…
Term sheet in front of me from a transactional funder and I keep circling the same three paragraphs. Facts. Funded amount 214,000. Flat fee 4,200. Advance wires morning of, repaid…
I've been reading fund paperwork for about a year without putting money anywhere, which was starting to feel silly. Last spring I went into a 66-lot park deal as a limited partner…
64 lots, $310 lot rent, contract price $2.9M, and the seller's attorney says before we can close he has to send residents a statutory notice giving them a window to organize and m…
I've been reading TC engagement letters for a few weeks because I'm structuring one for a small operation and I want the indemnity language right before anyone signs. Two patterns…
I'm reading through service businesses in real estate and this one confuses me more than the others. The agency doesn't own anything and doesn't do the work. They find a person, t…
Someone told me that if a VA cold calls a homeowner and starts talking about what I'd pay, that's unlicensed brokerage and I'm the one in trouble. I'm not sure if that's true or i…
I've been looking at how people get into TC work and there seem to be two doors. Door one is take an in-house role, salaried or hourly, coordinating for one brokerage or one team.…
My first purchase is close, and I've started mapping where rungs two and three would come from. Two ways to plan it and they lead to completely different portfolios. Tight radius.…
I pulled my first list this week and I'm sitting on it instead of using it, which I suspect is the actual problem. One county, single family, 3 bed or more. Filters I stacked: own…
I've been doing this backwards. I bought a list subscription before I understood the word. When people here say off-market, sometimes they seem to mean a house that was never list…