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From the desk:Transactional Funding

I'm the end buyer and my seller doesn't own the house yet

Under contract on a small three bedroom rental at 168,000, my first one, and my loan officer asked a question I couldn't answer. He pulled the county records and the person on my…

paulgrant17PassivePRO7Answered1 reply

WinLand Wholesaling

Sent 60 letters by hand and got one assignment for 3,800

I've spent my whole working life in the trades and had never touched the investing side, so I did the smallest version of this I could think of. Pulled 60 owners off the county si…

mitchell_ray4 Get yoursPRO121 reply

LossVirtual Assistant Agency

Five months of a VA appointment desk, $28k in, and turnover ate it

I run rehabs and I wanted a steady flow of seller appointments without me on the phone. Set up an appointment setting desk through an agency in November: two dialers at $11/hr ful…

omar_haddadActivePRO176 replies

WinFund Management

Asked five managers for a full realized deal list. One of them sent it.

I've been researching instead of buying for a while and I decided the one thing I could do without capital was ask hard questions. So I wrote a one page request and sent it to fiv…

jordan_ellis2ActivePRO93 replies

DiscussionLive-In Flip

is a live-in flip just a normal house purchase with extra steps

I want income without taking on a second job, so flipping has never really been my thing. But someone told me a live-in flip is basically the easy version because you're living th…

priya_n21PO1C6 replies

DiscussionLive-In Flip

Kitchen first so you can live, or kitchen last so it's new when you sell?

I'm building a list and haven't bought yet, and this argument keeps coming up with everyone I talk to. Side one says do the kitchen first. You're going to be in the house two year…

devon_pierce Get yoursPRO14Answered2 replies

DiscussionOpportunity Zone Fund Investing

Pay the tax and buy a duplex I can touch, or put the whole gain in a QOF for ten years

Sold a block of stock left over from an old employer and the gain is about $80k. My accountant laid out two paths and I keep flipping between them. Path one is rolling the gain in…

mitchell_ray4 Get yoursPRO1212 replies

DiscussionSingle-Family Rentals (SFR)

How much cash do you keep after closing on house number one?

I have 52k saved and I'm looking at houses in the 130 to 160 range where 20 to 25 percent down plus closing plus a light turn puts me somewhere between 40 and 48k in. Which means…

aliyah_bAU2APRO92 replies

WinRetail Centers / Strip Malls

Bought my first retail unit and the estoppel almost ended it

This closed six weeks ago and I've been waiting to write it up until the first rent hit the account, which it did on the second. What it is: a 2,100 sf condominium retail unit ins…

40Kkevin_lombardPG1BPRO17Answered4 replies

DiscussionRetail Centers / Strip Malls

Line by line, what does closing on a $1.9M single tenant box actually cost me

I keep getting told net lease is the passive option and that closing costs are minimal because the tenant handles the building. Then someone in another thread said a Phase I is $2…

tylerbrooks9PassivePRO4Answered11 replies

DiscussionMultifamily Development

Land basis: option and entitle, or buy the entitled site at a premium

Two paths on the same kind of deal and I've read enough about both to be genuinely stuck. Path one, tie up raw land under an option with a long feasibility period, spend your own…

35Kkevin_lombardPG1BPRO176 replies

DiscussionSeller Financing (As Seller)

When you're the one carrying, is it the buyer or the property you underwrite?

I'm getting close to selling a small brick fourplex I've owned since 2014, no debt on it, and I have two live conversations. Both want me to carry. I've spent the last three weeks…

ehernandez74PO2BPRO722 replies

DiscussionBookkeeping (Real Estate)

Closing the books monthly costs me about $4,200 a year more than closing them quarterly. I can't prove it's worth it

Ran the comparison after my bookkeeper raised rates. Monthly close on six doors plus two active flips, my quote is $520 a month. Quarterly close on the same volume came back at $1…

carlos_nunezActive0 replies

DiscussionRaising Capital / Investor Relations

Found out at month 14 that the anchor left in month 9, and the sponsor shrugged

I'm in for 60k on a small multi tenant strip, four suites, bought at the end of a slow market. Quarterly updates arrived on time every quarter and read fine. Then on the month 14…

karen_whitfieldPG4APRO715 replies

DiscussionSyndications: LP (Capital Provider)

$50k to place: one deal or a sponsor's four-asset fund

First LP allocation and I'm stuck on a structural choice before I even get to sponsor selection. I have $50k I'm willing to lock up for five years or so. Same sponsor is offering…

27Hhannah_west29 Get yours5 replies

From the desk:Consulting

However I price this stalled 40 unit infill, I get it wrong

A local developer I did subcontract work for years ago called me about a 40 unit infill project that's stalled at permit-plus-nothing. His GC pricing came in around 12% over the n…

gregpowell66AG4BPRO12Answered11 replies

DiscussionConsulting

Success fee on a repositioning engagement, or just eat the retainer?

Owner has a 96-unit 1980s garden complex, 71% occupied, in-place rents about 380 under a comp set I don't fully trust. They want advice on whether to reposition or sell as-is. Sco…

devon_pierce Get yoursPRO14Answered1 reply

From the desk:Live-In Flip

One house keeps coming back around on my live-in flip list

I've had a list going since January and one house keeps coming back around. 1974 ranch, 1,450 sq ft, three bed one and a half bath, listed at $289k and sitting 60 days. Original k…

devon_pierce Get yoursPRO143 replies

DiscussionLive-In Flip

Somebody told me two years in the house makes the profit tax free. True?

I look at rural stuff mostly, small towns, houses in the 80 to 120 range that need everything. Somebody in a local group told me that if you live in a flip for two years you don't…

38Llaurenkim53Passive7 replies

DiscussionLand Subdivide and Sell

Is a lot split the same thing as a subdivision?

My county planning page has two columns. One says "minor subdivision, 4 lots or fewer, administrative review" and the other says "major subdivision, preliminary plat, public heari…

diane_kowalskiPassivePRO14Answered3 replies

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