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3 contributions to Terms Over Cash
Three people run 122 units
Me, my wife, and my sister. Plus two cleaners and a VA. About 75% of tenant messages get answered before a human sees them. The AI drafts against our written procedures. My wife supervises what it cannot handle. The whole software stack costs less per month than one plumber visit. But here is the part that matters: the software is not the moat. The written rules are the moat. AI can only answer as well as the procedures you wrote down. If your process lives in your head, there is nothing for automation to copy. Write down the five tenant questions you answer most. That document is worth more than any software you will ever buy.
2 likes • Sep 3
That sounds right, document before automating. The 75% of tenant messages answered most are easier to document just from the repetition of the most frequent requests. The value is sitting in the 25% that routes to your wife, and that's the hardest to write down to automate. I'd guess a lot of that is what happens after the fix is already made: (a.) increasing the likelihood that the problem is actually fixed and won't happen again, (b.) minimizing the time to escalate when the fix didn't work, (c.) minimizing the number of times the tenant has to ask for a status update (before and after a failed fix). How do you handle that backend?
The conversation that got 39 sellers to carry
I have never once opened with the words seller financing. The conversation goes like this. I ask about the property. I ask if there is a mortgage left on it. Then the question that does the work: what are you going to do with the money? Most tired landlords do not want a pile of cash. They want the headache gone and the income to stay. Terms give them both. A note pays them monthly, often with less tax pain than a lump sum. You just have to let them discover that they want it. Then I put a one page term sheet in front of them. The free Start Here course walks the whole conversation. Have you ever asked a seller what they would do with the money? Try it this week and report back.
2 likes • Sep 2
I'd follow that up with, "How will you replace the income?"
I put $0 down on a $280,000 building. Here is what that actually cost.
Zero down does not mean zero out of pocket, and anyone who tells you otherwise is selling something. The seller carried 100% of the price. I still paid closing costs. Title work, recording, attorney, insurance binder. The closing statement is in the Deal Vault, page for page, so you can see the real number. The honest math: $0 toward the price, real dollars for the closing table. That is still a building for the price of a used car's down payment. The Deal Vault in the classroom has all 43 deals with every settlement statement. Free. Go check the $280k one and tell me what surprises you.
2 likes • Aug 31
My wife likes the creative way of buying. We have cash, could probably even do conventional financing on something less than 15-25 units. The issue for me is whether we are actually buying a great deal (looking for at least 150 bps between the stabilized yield and the market cap rate). My concern is when thinking about a creative purchase (give me terms and you'll get your price) are we really buying a mediocre or poor deal just because we can if creatively done. Time heals all wounds, just don't want to be spending a lot of time for a poor investment to become ok. How do you balance this tradeoff? Why can't you have both?
1-3 of 3
Dennis Aguilar
2
14 points to level up
@dennis-aguilar-4649
Retired from telecom after 35 years, looking to acquire our first direct deal of 5-50 multifamily units in the Southeast tertiary market.

Active 1d ago
Joined Aug 31, 2026
Roseville, CA
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