every post in the forum, newest first
Looking at 38 acres about 25 minutes past the last subdivision on the highway. Ask is $4,100 an acre, so roughly $156k. The listing says it carries an agricultural valuation and t…
I'm in one small fund, a modest position, mostly because I wanted to see how the other side works after years of owning land where nothing ever needs reporting to anyone. First Ma…
A 14-unit garden-style property, two buildings, 1968 vintage, in an inner-ring suburb, under LOI at $1.75M with a defensible in-place NOI of $118k, a 6.7 going-in cap, and rents a…
Take an 11 unit property bought with rents at 950 across the board, where market now supports 1,150 and 7 of the 11 have already been turned at that number, with four still on leg…
Worth walking through a structure that shows up occasionally on distressed estate assignments, because it raises real questions about intent. Say a 2.3M contract has an assignment…
Consider a disposition arrangement where a signed contract on a distressed estate sits at $1.85m and the seller's counsel strikes the assignment language, countering with a double…
Consider being offered participation in a fund that does heavy rehab across a few markets. A sponsor's pitch that distressed inventory is growing and the deepest discounts sit on…
Take a 1920s four unit, all four occupied, all four rents about 40 percent under market because the previous owner never touched anything. Two units are 1 bed, two are 2 bed. Curr…
Rental ownership appeals to a lot of investors precisely because it keeps working without daily attention, which makes the numbers on cosmetic flips worth scrutinizing carefully,…
I don't have a property. I'm trying to build the budget sheet first so I'm not doing arithmetic in someone's driveway. So far I have paint, flooring, light fixtures, cabinet hardw…
48-lot park, 44 occupied, and the offering memo says agency eligible in the first paragraph. Then in the rent roll, 9 of the occupied lots are park-owned homes rented as houses at…
Still not buying anything. Reading. But something clicked and I want to check whether I've actually got it or just think I have. The thing I kept getting stuck on was why anyone w…
That phrase, or a close variant, shows up on the large majority of agent profiles, and it is worth skepticism since investors are exactly who searches for it. The useful test is n…
Someone strong on underwriting can still be a complete beginner on the mechanics of actually buying a house, and that gap is worth addressing directly. Three paths on a first purc…
I spent years running renovation crews, so I thought the one edge I had as a lender was reading a scope. That is exactly the thing that cost me. Deal was a 1930s four bed in a sol…
I do renovations, so I figured the operating part was the easy part. Five units, two duplexes and a single family, all freshly turned by me, average rent $920. Full management quo…
I've done a handful of house deals and I'm looking sideways at land, and every listing description in this niche says recreational. Sometimes it's 40 acres of timber, sometimes it…
Take 18 acres of mixed hardwood in a county with a year round population under 9,000, bought from an out of state heir who had never seen it, paying $190 a year in taxes since 201…
Small case, but it changes how an owner should price their own time. Take a two bedroom where a tenant of three years moves out. Normal wear, but the oven and the bathroom need re…
Reading an annual report for an agency focused mortgage REIT, the page most summaries skip is the repurchase agreement table showing borrowings by remaining maturity. A typical st…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
