every post in the forum, newest first
A common claim at closing on a boarding house is that the operating license transfers with the property. Months later it is not uncommon for the new owner to be scrambling for a f…
Consider a purchase at 291 in a metro that ran hot through 2021 and 2022. 1,900 square feet, 2004 build, everything sound. Scope 34k of paint, flooring, fixtures, kitchen counters…
The 70 percent rule is usually stated as pay no more than 70 percent of ARV minus repairs, but the ambiguity is in what the remaining 30 percent is meant to cover, and that ambigu…
Take an investor who closed on a 6-unit with roughly $340k in eligible capital gain, separate from depreciation recapture, and has weeks rather than months left in the 180 day win…
Here is a scenario that stalls a lot of first time multifamily buyers, and it is worth working through with real numbers. Take an 8 unit, 1962 two story, one gas boiler serving al…
My aunt's estate has a house going to sale and I'm the one handling the paperwork, so the cleanout invoice landed on me. It's $7,900 for a 1,600 square foot ranch with a basement.…
The commonly cited figure for tenant turnover cost, cleaning included, runs around $1,750, and it is worth breaking into lines rather than carrying it as one lump for modeling pur…
Equity in rental property does count under the net worth test. The standard is net worth over $1 million excluding a primary residence, or income over $200k individually ($300k jo…
Consider an LP investor evaluating two offerings that land in the same month with structures that are hard to compare directly. Deal A: multifamily, 180 units, southeast secondary…
A situation worth thinking through before anyone answers it. A manager runs 60 something doors for about 20 owners. One of those owners also wholesales, and asks the manager to fo…
Bought at $210k, all in at about $298k including the renovation and carry. Full gut, new kitchen, new mechanicals, everything permitted. My agent wants to list at $315k. I want $3…
Sold my starter house last year to free up cash for the investing side. Three agents came through. Two of them said 428 to 442 and walked me through six comps each. The third said…
My work is on the capital side and mostly reading other people's diligence, and off-market keeps coming up as the place the margin lives. Fine. What I want to understand is what t…
Consider negotiating an option on a $410,000 house with a 36-month term. One structure sets the strike at appraised value at the time of exercise, minus 3 percent. The other sets…
I move houses fast, that's the whole business, and this one hasn't moved. 3 bed 1.5 bath, all-in at $186,000, listed at $214,000, 70 days, price cut once. Two showings last week a…
This is the first thing I've ever sold and I don't know what staging actually is beyond furniture appearing in photos. The property is a 1970s three bed ranch, about 1,450 square…
Take a scenario worth working through: a performing seller-financed note secured by a 6 unit walkup in a mid-size rust belt city, $340k unpaid balance, 8 percent, 20 year amortiza…
A common frustration with Section 8 timing: a housing authority will not schedule an inspection until the unit is ready and the tenant has submitted the request for tenancy approv…
Take a long-hold landowner with a parcel near a growing university, approached about a build-to-suit student housing project, who has never touched a student deal and needs the ba…
Take a 96 bed purpose-built property, 24 four-bed units, half a mile from a flagship university with roughly 34,000 enrollment that has grown about 1.5% a year for a decade. A sel…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
