every post in the forum, newest first
Six acres minimum filter, two hour radius from Columbus, owner-finance preferred, those were my targeting parameters. Ran Facebook to it for about nine weeks, spent just under 2,2…
Guy I haul pipe for on weekends told me Tuesday that his ex wife's boyfriend has been accessing his old unit for three months after he cleared it out and changed the account. Faci…
I am sitting on a deal in Fontana right now, seller carry at 4.1 percent, $218,000 remaining, and I had assumed I could wrap at 7.5 and pocket the spread on the full $265,000 sale…
He was reviewing a private REIT subscription for a client of his and he called me because he knows I have looked at a few of these. He said the operating agreement had a clause th…
A five-room co-living house where room five sits on the ground floor with a private entrance gets pitched as a problem at acquisition, a code question, a liability, a stranger-in-…
I put in a mound system because the county flagged the original at closing and I thought buyers would pay for clean. Sold on terms six months later and the guy never mentioned it,…
She pulled comps from two zip codes over and the ARV came in 18k under what the seller's agent was using. I had already run my own numbers off the same listings the seller used an…
Spent the first two weeks of January realizing that about $6,200 in materials I paid for in late November got booked in December by the bookkeeper and the work wasn't done until F…
Most bridge loan term sheets address this by making the extension fee the borrower's problem, but the rate differential on the replacement lock is a separate number that rarely ap…
I work escrow so I read every page of every file that crosses my desk, and I see rental comps in closing disclosures constantly. There is a 1,940 square foot house in Riverside th…
I mail the NOD list first, same as always, then my caller follows up inside ten days. That sequence used to produce a callback rate that made the math work at 65 cents on the doll…
He said the number that kills first-time STR buyers is not the occupancy estimate, it is the gap between occupied nights and paid nights after platform fees, cleaning reimbursemen…
The fee the management company charges shows up clearly enough, eight percent of collections, a lease fee equal to one month's rent. What I cannot get a clean read on is whether t…
Thirty-eight thousand down on a 155k sale, so about 24 percent, and the note sits at 8.5 percent over 20 years. Monthly payment is right around $980 principal and interest, buyer…
Say a capital provider puts in $500k on a 10 percent preferred return and a 70/30 promote above a 1.8x equity multiple. The operator refi's at month 18, pulls out $480k, and retur…
The instinct makes sense. Submarket has softened, land sellers are more realistic, construction pricing has come off peak, so you buy low into a trough and deliver into a recovery…
Asking because I've been in the servicing world, not ownership, and the stuff I see go wrong almost never shows up in the summary. I ran payment books for two land sellers on 31 i…
A case worth studying: a wholesaler ties up a property at 87k, brings in a JV partner to find the buyer, splits the fee 50/50, and the contract has a 30-day inspection period with…
A deal worth studying: a 14,000 square foot clinic, two tenants, one lease described as NNN on the rent roll, the other described the same way in the broker summary. The differenc…
That clause is in almost every luxury contract and most wholesalers treat it as a formality. When the inspection window runs to the end, the buyer has already done the work: they…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
