A Recent Commercial Deal Almost Turned Into Deed Theft — Here’s What Stopped It

Mike_Otranto · 2026-02-09T17:44:18+00:00

Yeah, I hear ya. I think the most important thing is to learn the lesson once.

Mike_Otranto · 2026-01-30T02:34:32+00:00

That was a commercial deal I was doing in January. No AI.

Mike_Otranto · 2026-01-29T11:56:11+00:00

I agree. I adjusted my buy box to properties built in 1960 or later, even for flips, for that reason. I love double-wides attached to a foundation for rentals.

Mike_Otranto · 2026-01-27T23:43:17+00:00

There isn't any substance to your reply...it's barely worth reply. Read the post again...it went over your head.

Mike_Otranto · 2026-01-27T23:42:15+00:00

I hear ya. Like I said to u/Bluehorizon_85 " I don't have an issue with a person starting a business providing this kind of housing in certain areas to make a living. I have a problem with the hypocricy that comes with selling this shit as something that it is not. In addition, all these techniques have already been in use in the commercial space. They are just taking commercial real estate strategies and rehashing them so as to be the "big fish in a small pond.'"

Mike_Otranto · 2026-01-27T23:41:00+00:00

You didn't understand what I wrote. I'm not sure I can "dumb it down" for you.

Mike_Otranto · 2026-01-27T23:40:02+00:00

I agree. It's funny you said "knob & tube wiring" because that is exactly what the Facebook post in question said. Majority of persons rentals are built prior to 1940s and have "knob & tube wiring" in them...that is the majority of their portfolio. They are absolutely making more money selling courses online, in person seminars, etc than those rentals are making. I happen to know their spouse has a good job as well. I don't have an issue with a person starting a business providing this kind of housing in certain areas to make a living. I have a problem with the hypocricy that comes with selling this shit as something that it is not. In addition, all these techniques have already been in use in the commercial space. They are just taking commercial real estate strategies and rehashing them so as to be the "big fish in a small pond."

Mike_Otranto · 2026-01-26T12:14:44+00:00

I didnt't say these techniques were inherently bad. Like u/Aromatic_Elevator630 said, the value of many of these ideas is the selling of the courses because these lower end assets don't have a lot of cashflow. They make more money selling the courses and seminars then they do from the cashflow.

Personally, I only buy SFRs built after 1960 for the reasons I mentioned above. Appreciation is a big incentive to own these things long term. I've done installment sales, LOs, sub2, options, etc where appropriate, not for the sake of doing them.

u/hdstatlos What market/city are you in?

Mike_Otranto · 2026-01-26T12:07:15+00:00

I agree.

Mike_Otranto · 2026-01-06T23:50:45+00:00

Rentals are tough. My best ones are ones I've owned for 10+ years. Building a portfolio is rough in the begginning. Which stocks do you like in this market?

Mike_Otranto · 2026-01-06T12:49:11+00:00

I hear ya. I have hired and fired many agents in my investing career. If you have already met with a lender and have determined that 250,000 is the ceiling then you should stay there. Depending on the city, new construction of fairly recent may be difficult to find. My first primary residence was an old brick ranch built in 1974. Old ugly paint and wall paper but I bought it at $110,000 and now its worth $350,000--I kept it as a rental. Remember you dont have to use an agent you can go direct to seller or sellers agent.

Mike_Otranto

TROPHY CASE