Loading the forum

Rena is not an investment adviser. Nothing in this forum is investment, legal, or tax advice.

Terms Privacy Forum rules

FORUMThe Rena Forum

All 132 real estate strategies.Every room answered.

Post something

Search the forum

Start with a RE category

ActiveYou do the work PassiveYou own it, someone else runs it ServiceYou get paid to help CapitalYou put up the money All

Next, pick a strategy

Then pick the type of post

Discussionsomeone asked, the room worked it out From the desk:live deals, numbers on the table Wins & lossesit finished, here is how it went Pollsone click, then see the split Storiesthe tenant, the seller, the sideways closing All

Newest posts

the latest across all 132 rooms, newest first

Newer

From the desk:Land Wholesaling

3,800 letters, three drops, 7,068 spent. Tell me which of my numbers is fiction

First mail campaign on land goes out next month and I'd rather someone break the math now than in April. List is county records, absentee owners with a mailing address outside the…

10Hhannah_west29 Get yours3 replies

LossProbate Real Estate Investing

Six months of probate data, nothing closed. Here's where the money went.

I ran a probate campaign from February to July and closed zero deals out of it. Not one. I want to write down where the money went while it's still fresh, because everything I rea…

joe_delgado5AP4CPRO48 replies

DiscussionProbate Real Estate Investing

Can somebody really outbid me at the confirmation hearing?

Talked to a daughter about her mom's house. She says her lawyer told her the sale has to be approved by the judge and there's a hearing where other buyers can show up and bid high…

carlos_nunezActive7 replies

DiscussionDouble Close Wholesaling

if I own it for an hour, do I pay transfer tax twice?

Building my buyer list still, so this is theory for now, but it's bugging me. A double close is two deeds recorded, seller to me and me to my buyer. Somebody on another forum said…

devon_pierce Get yoursPRO14Answered4 replies

From the desk:Double Close Wholesaling

He wants "and/or assigns" in the contract but swears he's taking title

Selling a small rental I've had for nine years, 172k, cash offer, no inspection contingency after day 10. All fine. Then the contract came back with "and/or assigns" after the buy…

tylerbrooks9PassivePRO4Answered2 replies

DiscussionRaising Capital / Investor Relations

One sponsor sent a calendar link, the other sent a 9 page memo. Which one is treating a new investor better

I got onto two sponsor lists in the same week and they handled me in completely opposite ways. The first sent a scheduling link within a day and wanted 30 minutes on the phone bef…

chriswalton8CC1CPRO150 replies

DiscussionJV Wholesaling

Is a 50/50 JV split actually the beginner rate, or is it just the loudest number

Everywhere I look, first deal advice says find an experienced wholesaler and give up half. Half of a 12k fee is 6k, which sounds fine when the alternative is zero. What I can't te…

luis_carrera Get yours3 replies

DiscussionResidential Property Management

My manager screens at 3x rent, I've been approving at 2.5x with reserves. Who's right?

Nine units, three of them under a manager I brought on last year for the ones furthest from me. Her written criteria say gross income at 3x monthly rent, no evictions in seven yea…

32Rrenee_dubois Get yours2 replies

LossLarge Multifamily / Apartments (20+ Units)

I wanted the boring version and I accidentally bought the risky version

I put $60k into a 220 unit apartment deal in 2022. I picked it because a friend I trust was already in it and because apartments felt like the least exciting thing available, and…

tylerbrooks9PassivePRO40 replies

DiscussionLarge Multifamily / Apartments (20+ Units)

Renewal season with three lease-ups down the road: hold rent or hold occupancy

I manage a 208 unit for an owner group and we're going into renewals against three properties within a mile that are all offering six to eight weeks free. Our average in-place is…

tonyv88SO4CPRO6Answered6 replies

From the desk:Office Buildings (Passive Hold)

$342/sf against $92/sf, and I think the cheap one's reserve is a third short

I'm on my list-building stage, so I'm reading offerings rather than signing them. Two came in the same week and they're almost perfect opposites. I'd like people to tear into how…

devon_pierce Get yoursPRO14Answered6 replies

DiscussionOffice Buildings (Passive Hold)

Single tenant office at a 7.9 cap with 3.5 years left, what do I reserve for the rollover?

Broker sent me a 22,000 sf single-tenant suburban office. Regional bank operations back office, been in the building 11 years, 3.5 years remaining on the lease, 2 percent annual b…

30Ttashaford30PB2APRO43 replies

DiscussionTax Lien / Tax Deed Investing

Does the minimum interest floor save me when everybody bids down to 0.25%?

I've got about $50k I'd allocate to certificates this season and I'm modeling roughly 60 certificates averaging $800 in a Florida-style batch auction. The plan assumes I never win…

jordan_ellis2ActivePRO9Answered2 replies

From the desk:Tax Lien / Tax Deed Investing

Subsequent taxes are eating the budget I set for the whole first year

Set aside $18,000 for a first year in certificates. Won 9 at the May sale, total outlay $12,060, average $1,340, rates between 8% and 12% in a premium-bid county where I paid no p…

aliyah_bAU2APRO9Answered7 replies

DiscussionFix and Flip (Full Gut)

Where does the rehab money actually come from during a gut? Nobody will explain the draws to me

I've been reading loan documents for a while now because I think I want to be on the lending side eventually, and I picked up a term sheet from a hard money lender to see how a fl…

raj_mehta14CapitalPRO136 replies

LossFix and Flip (Full Gut)

Found a 1912 foundation held up by the dirt around it. 47k and eleven weeks

Closed on a 2,000 sq ft foursquare at 186, ARV 435, budget 158. I've framed houses for years so I priced this one myself and I was confident about it. That confidence is most of t…

gregpowell66AG4BPRO12Answered2 replies

Story

The deal ended when she read her own due-on-sale clause out loud

I don't buy fast. I looked at a subject-to deal for four months before I said no to it, and the moment it ended was a woman reading her own mortgage aloud in her dining room. Back…

ehernandez74PO2BPRO70 replies

DiscussionHome Inspection

Do you hand the seller the whole inspection report or just the items you want fixed?

Working through my first purchase and the question came up before I expected it. My agent wants to send the seller the full report as an attachment with the repair request. Her re…

sonia_alvarez Get yoursPRO6Answered3 replies

DiscussionDouble Close Wholesaling

The deed is the defense, or the marketing trail is the problem

I've been reading my own file backward, the way an examiner would. On a double close I end up with a recorded deed into my entity and a deed out, and the standard claim is that th…

16Ddmitri_v6CapitalPRO73 replies

DiscussionShort-Term Rental Co-Hosting

The city votes on a permit cap in March. He wants me signed in January.

An owner of two units near me asked me to take over management starting February. Both are permitted today. The city has a proposal on the agenda for March that would cap the tota…

39Rrenee_dubois Get yours10 replies

More threads

THEFORUMThe Rena Forum

Newest posts

FORUMThe Rena Forum