Hey BP community,
I’ve been a long-time reader and finally decided to start engaging. I’m focused on learning real estate investing the right way; underwriting, risk management, and building solid systems.
Looking f...

I have been the realtor on a few 1031 stack deals (aka morby method).

That focus pays the bills.But continuity, the ability to generate income across cycles, comes from understanding value at a deeper level and being willing to step outside the standard “ARV minus repairs” playbook when the situation calls for it.Most people tried to sell a structure.We sold dirt.And on the call where I guided the buyer through paying for the assignment, he mentioned he and his wife are building a trailer park and need help sourcing more land.One deal turned into a dedicated buyer.When I first started, I was introduced to the 1-1-1 method: one target market, one marketing strategy, one property type.

What are some typical numbers or percentages you’ve seen in practiceYou're jumping to Step 2 (cost segregation numbers) while ignoring Step 1.Step 1 is to figure out if you have room to deduct additional depreciation.

Financial distress: late on mortgage, behind several months, back taxes, etc.You are a problem solver for these situations.Whatever method you use to find these people, stick to it, stick to the same method for at LEAST 6 months.

Many are anchoring to older or weaker comps to avoid scrutiny, which is why you’re seeing big step-downs versus prior appraisals.On the cash flow approach, a lot of appraisers are using market-derived cap rates that lag reality or reflect lender caution more than true buyer behavior.

They're not buying turnkey; they're hunting for distressed properties.It's that "BRRRR" method (Buy, Rehab, Rent, Refinance, Repeat) that seems to be the most common path to creating value right now.

The BEST method for real estate investing is very simple: increase earnings, reduce expenditures, save, and invest from your own funds.You should focus on increasing earnings and learning how to manage your budget.

To give some context on my role:I found the dealI was the only one in contact with the brokersI requested and organized all the diligence docsI handled all communication, underwriting, and deal flow up until the PSA stageOnce attorneys got involved, my partner stepped in on the legal sideMy partner is putting up 100% of the capital and taking on all the financial risk, which I fully respect.

But, I do think you are taking really good steps.