Third rental and the deals I want aren't showing up on the MLS anymore, so I went looking for an agent who works with investors. The one I like sent an exclusive buyer-broker agre…
I came off the trades side and got my license last spring, mostly because I was tired of doing free scope estimates for guys who then bought the house through somebody else. First…
I hold notes, I don't own the properties. With a long-term rental I can look at a lease and a payment history and get comfortable. On a short-term rental there's no lease and the…
I close in about six weeks on a two bedroom near a small college town and I'm stuck on turnovers. Local cleaners quoted me $95 to $130 per turn depending on whether linens are inc…
$30k into an apartment deal in 2022 because I wanted income without a second job. Sold my position back to the sponsor last year at 0.88x, which I understand was generous of them…
Story
I set up entities before I bought anything, because that's the part of this I find interesting. One holding LLC, two child LLCs, an operating agreement I actually read and marked…
I hold land for decades and I've been trying to work out whether student housing can be held the same way, because everything I read about the sector treats it as a five to seven…
I put a park under contract at $1.42M, 55 lots, 51 occupied, lot rent $355 against market I can support at $465. Public water and sewer at the street, everything inside the park i…
Basic question that I should already know and don't. On a 34-lot park where all 34 homes are tenant owned, what am I insuring? There's no building. I've got roads, a well house, a…
This was a rental I got talked into flipping instead, and the arithmetic looked airtight on paper. ARV 288 from three comps within a quarter mile, all closed inside 90 days. Repai…
If the whole scope is paint, flooring, fixtures, a vanity swap and landscaping, and no wall is opened and no system is replaced, is there any filing that happens at all? Or is it…
Small town, population about 4,200, an hour from anything. 11,000 sf building, half storefront retail and half warehouse, three tenants. Rent roll said $86k gross, expenses about…
Duplex, contract at $410,000, lender ordered a 1025. There's a converted garage unit that's been rented at $1,400 a month for years, no permit on file, separate meter, own entranc…
First purchase, small 3 bedroom, and I have three numbers in front of me that don't agree. The county assessor site says 218,400. Zillow says 291,000. The accepted offer is 279,00…
I bought a four bedroom on the edge of a state school town, $340k, 5 percent down on an owner-occupied conventional loan. Payment with taxes and insurance came to $2,650. The plan…
Looking at a 1,900 sq ft single family with a permitted 1-bed over the garage, already has its own meter. Listing at 465k. Market rent on the ADU looks like 1,450 based on three c…
Former drug store box, 12,200 sf, been dark a while. Market rent for the whole block is about $16 NNN because there are maybe two users in the trade area who want that size. Broke…
Freestanding discount retail box, 9,100 sf, small rural town, population about 3,400, on the state highway across from the school. Built 2011 for the tenant. Rent $73,500, so $8.0…
Posting this because I bought it partly on advice I got in rooms like this one and the failure wasn't in the math I did. It was in the question I never asked. 11,600 sf single-ten…
I run pipe and I can read a mechanical drawing fine, but the apartment offering a friend forwarded me is a different language. It says 84 units, T-12 NOI of 612,000, going-in cap…