every post in the forum, newest first
I got my license seven weeks ago and I have no listings, no buyers, and no idea what I'm doing at the top of the market. What I did have was a Tuesday free, so when an agent in my…
Two operators I trust do this opposite ways and both close consistently, so I want to see where this room lands. One of them tells the seller the number. Signs the contract, then…
Underwriting is where I spend my time and I'm looking at this from the outside, so push back. The pitch on reverse wholesaling is that you sign up the cash buyer first, get their…
Asking is $310,000 on 38 acres, so $8,158 an acre. The parcel is outside the utility service boundary, paved county road on the south line, gently rolling, maybe 6 acres of it in…
I've posted here about analysis and no deals. This one closed in October and I want the numbers on the record while I still remember what I was thinking. 22 acres, $3,150 an acre,…
Trying to work out what the overhead looks like before I go anywhere near this as a business. Right now I'd be one van, myself, and two guys, doing interior rehab work for investo…
Two flippers I've done mechanical work for both asked me to take whole rehabs this year instead of just my scope. Between them that's maybe 11 houses, average scope $70k to $95k,…
A small first purchase is often the one that teaches the most, precisely because the size limits the damage. Say 12 acres about 40 minutes outside a metro, listed as farmland, 4,2…
Take a distressed estate sale, a large single family home, multiple heirs selling as a group, one of them financially sophisticated. A contract at 1.68M with an end buyer lined up…
Take a land banking vehicle raising on a deck and a draft PPM, aimed at an investor new to raw land. The mismatch is worth tracing carefully. Structure as pitched: $14 million equ…
A seller on a 12 acre land listing sharing his annual carrying costs is a useful window into what holding raw land really involves. A typical list includes property taxes, a vacan…
This comes up constantly with owners new to furnished housing, and the room does not agree on it. Corporate furnished usually includes some level of service: mid stay housekeeping…
The first filter on a mail list is parcel size, and it is where a lot of new operators stall, because experienced people give opposite answers with the same confidence. Case for s…
Before paying anyone per lead, it's worth knowing what the inputs cost, mostly to judge whether a $28 per lead quote has real margin in it or whether the shop pricing it is losing…
Trying to work out what my first deal actually costs, and I figured the cheapest way to find sellers was to call them myself. So here's what that came to. List: 2,400 absentee own…
Someone in a webinar said developers routinely spend six figures studying an office building before they've bought anything, and that most of those studies end with a no. I don't…
Here is a scenario worth working through carefully before committing capital. The building is a three story former bank and office block on a small city main street, 1962, about 2…
Here is a pattern worth studying, because the comparison at the center of it gets skipped constantly. Someone gets a call about a data center deal from a friend who knows the spon…
Working through the interest rate hedging disclosures on a handful of agency-focused mREITs turns up a wider range of approaches than expected for what is supposedly a commodity b…
For anyone building a list of small houses to rehab and expecting to carry paper on several of them, because plenty of likely buyers won't clear a bank right now, the useful quest…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
