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DiscussionNote Buying (Non-Performing)

Reperformer at twelve clean payments: sell the paper or keep the yield?

File I bought at $38k against a $91k balance, single family in a mid-size southeast metro. Borrower signed a modification, payment reset to $645 with taxes and insurance escrowed,…

aliyah_bAU2APRO92 replies

LossListing Content / Social Media

Spent $1,450 over five months of Instagram for two buildings, zero applications

I own a 12 unit and an 8 unit, both older walkups in a working class part of town. Last year I decided the buildings should have a presence, so I hired a content person off a refe…

37Rrenee_dubois Get yours17 replies

DiscussionBRRRR Method (Active Operator)

Five cycles in, leftover capital eats everything, so is it the model or the strategy

Building this out carefully before I buy anything, so forgive the theoretical framing. Starting capital 60k. Model assumes each deal is all-in at roughly 78% of ARV (purchase, reh…

33Ttashaford30PB2APRO4Answered5 replies

DiscussionBRRRR Method (Active Operator)

If you have a day job, is the rehab something you can hand off?

The part of BRRRR I get stuck on is the middle. Buying I can do on weekends, renting I can pay someone to handle, refinancing is paperwork. The renovation looks like it wants my T…

priya_n21PO1CAnswered5 replies

WinLand Development / Subdivisions

The whole nine lot subdivision hung on 130 feet of somebody else's yard

Closed out the last four lots of a small infill subdivision in March, so here are the real numbers. 3.2 acres inside city limits, already zoned for what I wanted, minor subdivisio…

samantha_ruizAU4APRO51 reply

DiscussionLand Development / Subdivisions

Is there a small version of land development, or is $2M the entry ticket?

Career changer, starting from zero on all of this, so please be blunt with me. Everything I read about land development involves 40 or 60 lots and millions of dollars of pipe. The…

bmoreno23AB1B3 replies

LossMobile Home Parks (Capital Scale)

$25k into a note on a park where I never had a lien

This is the beginner version of a loss because I was a beginner. Someone I met through a real estate group was selling participations in a loan he'd made to an operator buying a 1…

raj_mehta14CapitalPRO13Answered3 replies

DiscussionDispo / Marketplace Services

If I put money behind one dispo operation, do I back the buyer list or the distribution software?

I've been sitting with two pitches from people who both call themselves dispo shops, and they're built on opposite bets. The first one is a woman with about 60 buyers she talks to…

26Sstephen_ok9CO2CPRO414 replies

From the desk:Investor-Friendly Real Estate Agent

How do I get an agent to send me deals instead of MLS alerts

Taking apart a T-12 is the easy part for me, but I have never had an actual agent relationship and it shows. I called four agents in a market I want to buy small multifamily in. T…

dpatel_reCS4AAnswered2 replies

DiscussionInvestor-Friendly Real Estate Agent

Who do I believe when my agent's ARV is 40k over mine?

Construction is my background, investing is not, so I'm the guy who trusts a scope of work and distrusts a comp. Property is a 1,400 square foot 3/2 in a decent submarket. Agent's…

gregpowell66AG4BPRO12Answered2 replies

DiscussionConsulting

Somebody wants $1,200 out of the $9,400 I have to look at my first deal

I've got $9,400 saved. That's it, no other cushion beyond about two months of expenses I'm not touching. I've been pricing out what a first small rental actually costs and the gap…

aliyah_bAU2APRO9Answered3 replies

DiscussionCold Calling / SMS Lead Generation

When a client hands us a badly sourced list, whose problem is the fallout?

We got a list from a newer client last month, 9,000 records, and when my ops person ran it through scrubbing about 6 percent came back flagged against do-not-call registries. The…

angela_burkeServicePRO121 reply

DiscussionReal Estate Agent (Buyer's Agent)

Everything is already on Zillow. What is the 2.4% buying me?

I'm reading everything twice and this is the part I keep circling. When my parents bought, the agent had the listings and you didn't. That was the product. Now I can see every hou…

15Kkevin_lombardPG1BPRO17Answered5 replies

LossReal Estate Agent (Buyer's Agent)

Went in unrepresented to save the commission, cost me 6,200 and no discount

240k house, cosmetic work plus a garage I wanted. My thinking was simple. I know construction, I can read a house better than most agents, so why pay 2.5% for someone to open a do…

gregpowell66AG4BPRO12Answered3 replies

DiscussionCommercial Wholesaling

My assignee wants to see what I have the 40-unit tied up at

I've got a 40-unit garden style building tied up at 3.1m. Seller is an estate, no broker, deferred maintenance everywhere, in-place rents about $180 under market on 28 of the 40 u…

gregpowell66AG4BPRO1212 replies

From the desk:Commercial Wholesaling

A guy forwarded me a 6-unit. What is the number on the sheet?

A guy I met at a meetup forwards me deals. He sent one yesterday: 6 units, older brick building in a small midwest town, asking 385k. He says the seller is motivated because he's…

megan_doyle15 Get yours11 replies

DiscussionDriving for Dollars

What do you actually put in the first letter?

I've been reading through everything here twice and I still can't get a straight answer on this bit. Say I've driven a street, logged a house with a collapsed porch and a full mai…

32Kkevin_lombardPG1BPRO17Answered5 replies

DiscussionDriving for Dollars

Vacant and boarded, or occupied with a failing roof? Argue me out of the second.

Ninety addresses logged over six weeks, split into two buckets after I did the owner research. Bucket one is visibly vacant. Boarded windows, mail piled at the door, weeds through…

jessreyes12AU1APRO16Answered3 replies

From the desk:Listing Content (Agent / Broker Marketing)

Agent wants 6 listing presentations a month at $250 each plus first look at her expireds

I build comp lists for my own buying, mostly spreadsheets and a lot of assessor tabs, and one of the listing agents I pester for data asked if I'd build her listing presentations…

devon_pierce Get yoursPRO148 replies

DiscussionListing Content (Agent / Broker Marketing)

agent asked me to pay for the marketing on my own listing

Selling a small rental through an agent and she came back asking me to cover $1,850 for what she called an enhanced marketing package. Photography, video walkthrough, a printed br…

carlos_nunezActive1 reply

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