A listing presentation package typically runs a few hundred dollars a month through a marketing person and covers two related things: the materials an agent brings to a seller app…
Take a broker-services shop in a metro of about 900k where the owner wants the buyer's lender, or the seller, to carry most of the paper. Reading notes like this for a year turns…
I spent three weekends driving two older neighborhoods on the north side of my city, writing down houses with tarps, dead grass in July, mail piled in the box. Ended up with six a…
Thin margins are my whole life and I don't want to spend 800 on an entity for something that might pay me 500 once. Somebody told me you can't accept a fee as an individual, you n…
My mortgage broker mentioned in passing that starting in 2026 I can use projected rent from an ADU to help qualify for the loan on the house I'd be living in. I do a lot of due di…
Take a detached 700 sq ft ADU, bid at $196,000 with a fixed price contract and two named exclusions (utility upsize and any soils remediation), permit approved, cash in hand with…
Two competing views on where dispo value sits going forward. The relationship case: the asset is a list of buyers who pick up on the second ring, know the pricing is straight, and…
Two term sheet structures worth comparing side by side, both on value-add multifamily with similar markets, leverage, and a stated five year hold. Structure A: 8 percent preferred…
Working through what a first ground-up costs and I've noticed everyone has a different tripwire. Some people say untrended yield on cost, some say the spread over where they think…
I've done it both ways and both hurt, so I want to see how this room splits. The GC version: you pay a markup, usually 15 to 25 percent on top of the subs, sometimes more on a gut…
I'm looking at building a service around gut rehabs rather than owning them, something like an owner's rep who runs the schedule and the money for investors doing two or three hea…
Here is a case worth studying, because the arithmetic is cleaner than most subject-to write-ups and the risks are easier to see with real numbers attached. It also runs fast, elev…
Deal in front of me is a VA loan, 312k balance, 2.75%, seller is active duty and moving. He's happy with subject-to in principle, small equity check, I take over payments. Then he…
Story
Free weekend workshops follow a familiar shape worth understanding before attending one. A typical morning session, ninety minutes or so in a hotel ballroom, often delivers genuin…
Take a dated 1970s hillside house in a luxury pocket bought at 2.05m, with 640k in renovation and nine months of carry bringing the all-in basis to 2.87m, under contract at 3.395m…
Everything I've worked on has been in the $400k to $500k range. There's a house I'm looking at around $1.4M and I can't work out which part of my process stops working. Same crews…
Story
I was buying the land. Eleven acres, decent road frontage, the kind of parcel I sit on and don't touch for a decade. There was a house on the corner of it, a small one, and in my…
Worth studying as a case: 240 acres of pine in mixed-age condition, listed at 1.02M, sitting for seven months. The listing mentioned an active timber sale in one line, and few buy…
Fifteen weeks in, one closed deal, and I can now say exactly which 1,400 I set on fire. I bought a list of 2,100 out-of-state owners for a three county area. Then I filtered it th…
The ingestion side of my seller lead platform is held together with a scheduled scraper, a Zapier chain, an Airtable base and two Google Sheets doing work no sheet should do. It h…