4d ago

Stop Hunting the MLS Unicorn | Skip the Retail Market and Find True Wholesale Deals at County Auctions

Stop hunting for deeply discounted investment properties in a marketplace designed to push prices up. County foreclosure and tax deed auctions operate under a very different set of rules. Tony Stern breaks down 10 reasons investors should look beyond the MLS, from retail-buyer competition and emotional sellers to auction pricing, built-in equity, transaction speed, transparent bidding, and access to distressed inventory that may never reach a traditional listing. The episode also tackles the tradeoff: county auctions demand specialized due diligence, including title priority, surviving liens, municipal debt, property research, and disciplined maximum bids. Build your knowledge with PropertyOnion's free real estate investing articles and resources: https://propertyonion.com/education/. For more in-depth training on foreclosure and tax deed investing, explore PropertyOnion Academy: https://propertystudent.com/. EPISODE CHAPTERS 01:07 - Stop Hunting the MLS Unicorn 04:05 - Why County Auctions Work Differently 07:00 - Emotional Sellers vs. Institutional Sellers 10:08 - Creating Built-In Equity at Auction 13:13 - The Speed of County Auction Deals 16:06 - MLS Pricing vs. Auction Price Dynamics 18:58 - The Hidden Distressed Property Market 20:15 - Transparent Bidding vs. Highest and Best 22:13 - The Knowledge Barrier at County Auctions 23:23 - Managing Auction Risk With Due Diligence CONNECT WITH THE GUEST No guest featured in this episode. Host: Tony Stern, Property Unpeeled / PropertyOnion.com MENTIONED IN THIS EPISODE PropertyStudent.com PropertyOnion Academy Zillow RedfinRealtor.com Multiple Listing Service (MLS) ABOUT THIS EPISODE This episode examines real estate investing outside the MLS through county foreclosure sales and tax deed auctions. Topics include distressed property investing, judicial foreclosure judgments, mortgage defaults, tax delinquency, institutional sellers, lender-owned distressed assets, auction opening bids, statutory back taxes, mortgage balances, after-repair value (ARV), built-in equity, maximum allowable bids, investment yield, cash flow, and return on investment. Tony also covers foreclosure auction due diligence, title research, lien hierarchy, first and second mortgage priority, surviving liens, federal tax claims, municipal code enforcement fines, unpaid utility debt, special assessments, county clerk records, tax collector records, curbside property inspections, renovation estimates, auction buyer fees, statutory payment timelines, certificates of sale, tax deeds, transparent online bidding, and capital discipline. The discussion is relevant to foreclosure investors, tax deed investors, house flippers, landlords, distressed asset buyers, rental property investors, and investors researching off-market real estate opportunities. PROPERTY UNPEELED Whether you are a seasoned foreclosure investor, a fix-and-flip pro, or a landlord building a passive income portfolio, Property Unpeeled is your ultimate real estate playbook. Hosted by Tony Stern, this podcast goes beneath the surface of traditional real estate investing to uncover hidden traps, macro market trends, and advanced wealth-building strategies. From niche tax liens and distressed property auctions to standard property market analysis, tune in weekly to get the data you need to scale your portfolio. Subscribe to Property Unpeeled on Apple Podcasts, Spotify, Amazon Music, YouTube, or visit PropertyOnion.com.

Sep 8

How to Underwrite Foreclosure and Tax Deed Auctions: The Complete Playbook

At foreclosure and tax deed auctions, the winning bid is only the beginning. The real deal is hidden in the title, condition, surviving liens, occupancy, and costs you uncover before bidding. Tony Stern breaks down the process, from identifying lien position and estimating unseen rehab to calculating ARV and setting a maximum allowable bid. He also covers municipal liens, occupied properties, auction fees, flood rules, liquidity, and costly deal killers. Build your due diligence skills with PropertyOnion's free real estate investing articles and educational resources: https://propertyonion.com/education/. For more in-depth real estate investing education, visit PropertyOnion Academy: https://propertystudent.com/. EPISODE CHAPTERS 01:06 - The Underwriting Rule That Changes Everything 04:04 - Title Position and Surviving Liens 06:38 - Reading Property Condition From the Curb 10:20 - Occupants, Evictions and Cash for Keys 13:13 - Building a Defensible ARV 16:02 - Your Maximum Allowable Bid 18:39 - Deal Killers You Cannot Ignore 22:10 - Liquidity, Quiet Title and Exit Strategy CONNECT WITH THE GUEST No guest - solo episode hosted by Tony Stern. MENTIONED IN THIS EPISODE PropertyOnion.com; Zillow; IRS; Protecting Tenants at Foreclosure Act; FHA and VA financing standards; FEMA 50% rule; municipal lien searches; title certification companies. ABOUT THIS EPISODE This episode covers distressed real estate underwriting for county foreclosure sales and tax deed investing: mortgage lien priority, first and second mortgage foreclosures, HOA and mechanics liens, civil judgments, lis pendens, junior lienholders, federal tax liens, municipal utility balances, code enforcement, special assessments, open permits, environmental liens, title defects, and redemption rights. Tony also explains auction due diligence when interior inspections are unavailable: curbside condition assessment, roof and foundation warning signs, missing HVAC and copper, abandoned-property rehab assumptions, repair contingencies, and occupancy risk. Valuation topics include after-repair value (ARV), hyper-local 90-day comparable sales, micro-market boundaries, square-footage adjustments, financing requirements, and appraisal considerations. For fix-and-flip, rental, and distressed property investors, the episode details maximum allowable bid calculations, construction and holding costs, property taxes, insurance, utilities, HOA dues, hard-money and private-money costs, origination points, buyer premiums, county registry fees, documentary stamp taxes, closing and disposition costs, commissions, concessions, title policy expenses, and required profit margins. Additional auction risks include writs of possession, former owners, bona fide tenants, 90-day tenant notices, cash for keys, landlocked parcels, legal access, historic districts, environmental contamination, underground storage tanks, flood zones, substantial-damage rules, payment deadlines, liquid capital, quiet title lawsuits, tax deed title insurance, title certification, and post-auction exit planning. PROPERTY UNPEELED Whether you are a seasoned foreclosure investor, a fix-and-flip pro, or a landlord building a passive income portfolio, Property Unpeeled is your ultimate real estate playbook. Hosted by Tony Stern, this podcast goes beneath the surface of traditional real estate investing to uncover hidden traps, macro market trends, and advanced wealth-building strategies. From niche tax liens and distressed property auctions to standard property market analysis, tune in weekly to get the data you need to scale your portfolio. Subscribe to Property Unpeeled on Apple Podcasts, Spotify, Amazon Music, YouTube, or visit PropertyOnion.com.

Sep 1

Unpeeled Short: Landlord Exodus | The Great Mom-and-Pop Shakeout

Small landlords are leaving the single-family rental market as rising insurance, property taxes, maintenance costs, and regulatory pressure squeeze once-predictable returns. But is the landlord exodus a warning to get out, or a shakeout creating opportunity for investors prepared to stay? Tony Stern breaks down why the old rental playbook is failing, the structural advantages single-family homes still offer, and why tenant retention, realistic underwriting, financing, and long-term equity matter more than chasing headline cash flow. For investors willing to treat landlording as a real business, the changing market may look very different from an exit ramp. Explore free real estate investing articles and educational resources at https://propertyonion.com/education/. For more in-depth investor education, visit PropertyOnion Academy at https://propertystudent.com/. EPISODE CHAPTERS 01:07 - Is the Landlord Exodus Real?06:09 - Regulation, Risk & the Small Landlord10:59 - Why Single-Family Rentals Still Work14:08 - Screening Tenants Before Problems Start16:21 - Finding Opportunity in the Shakeout18:19 - Treat Landlording Like a Business This Unpeeled Short is hosted by Tony Stern MENTIONED IN THIS EPISODE Scott AlbrechtReal Estate Journal“Is a Landlord Exodus Reshaping the Market?” ABOUT THIS EPISODE This Unpeeled Short examines the economics of owning single-family rental property as independent and mom-and-pop landlords face tighter operating margins. Tony discusses property tax reassessments, rising homeowners and rental property insurance premiums, maintenance inflation, HVAC and roof replacement costs, capital expenditure reserves, vacancy risk, eviction costs, tenant protections, rent regulations, and the financial exposure created when one property represents an owner's entire rental income. The episode also explores rental property underwriting, operating expenses, net cash flow, tenant screening, credit checks, income verification, landlord references, background checks, tenant retention, vacancy reduction, rent increases, property management, and long-term rental yield. Investors considering buy-and-hold real estate must account for realistic post-sale taxes, insurance expenses, repairs, maintenance reserves, and changing local regulations rather than relying on historical assumptions. For long-term real estate investors, the discussion moves beyond monthly rental income to mortgage amortization, principal paydown, fixed-rate debt, inflation, property appreciation, equity growth, and capital structure. Single-family homes also have an exit advantage because potential buyers include owner-occupants rather than only other investors evaluating cap rates, net operating income, debt service coverage ratios, and commercial lending conditions. The landlord shakeout also matters to distressed property buyers, foreclosure investors, fix-and-flip investors, and other real estate investors evaluating single-family housing. Reduced investor competition, changing rental supply, motivated property owners, local housing demand, school districts, employment growth corridors, purchase price discipline, risk management, and long-term market fundamentals can all affect where opportunities emerge. PROPERTY UNPEELED Whether you are a seasoned foreclosure investor, a fix-and-flip pro, or a landlord building a passive income portfolio, Property Unpeeled is your ultimate real estate playbook. Hosted by Tony Stern, this podcast goes beneath the surface of traditional real estate investing to uncover hidden traps, macro market trends, and advanced wealth-building strategies. From niche tax liens and distressed property auctions to standard property market analysis, tune in weekly to get the data you need to scale your portfolio. Subscribe to Property Unpeeled on Apple Podcasts, Spotify, Amazon Music, YouTube, or visit PropertyOnion.com.

Aug 25

Boca's $400M Ghost Towers | The Mandarin Hotel: Why Prime Boca Real Estate Couldn't Outrun Debt, Delays and a Changing Market

Prime Boca real estate. A world-class luxury brand. Wealthy buyers, major presales and hundreds of millions in institutional financing. So how did the Mandarin Oriental development end up facing foreclosure, bankruptcy, construction liens and years of delays? Tony Stern breaks down the project as a real-time distressed real estate case study, showing how time, leverage, carrying costs and debt priority can overwhelm even a seemingly exceptional property. More importantly, he examines what happens next—and where opportunity may emerge when a problem deal becomes distressed enough. EDUCATION Build your investing knowledge with PropertyOnion's free real estate investing articles and educational resources: https://propertyonion.com/education/. For more in-depth training, visit PropertyOnion Academy: https://propertystudent.com/. EPISODE CHAPTERS 00:01 - How Did Boca's Luxury Vision Get Here?03:36 - The Development That Had Everything07:39 - When Time Becomes the Enemy10:45 - Buyers, Lawsuits & a $24.1M Construction Lien13:20 - Who Gets Paid First?14:15 - The $418M Residential Foreclosure16:05 - The Hotel's Separate Chapter 11 Crisis18:10 - What Happens to the Towers Next?19:09 - Who Ultimately Owns the Keys?20:09 - Five Lessons for Real Estate Investors23:15 - When Does a Problem Deal Become an Opportunity? CONNECT WITH THE GUEST No guest. This is a solo episode hosted by Tony Stern, Founder of PropertyOnion.com. MENTIONED IN THIS EPISODE Mandarin Oriental Hotel & Residences Boca RatonPenn FloridaVia Mizner developmentMadison Realty CapitalStrategic Group BuildersApollo Global ManagementPalm Beach County CourtsChapter 11 bankruptcy proceedings ABOUT THIS EPISODE This episode examines distressed real estate through a large-scale South Florida development involving luxury branded residences, construction financing, loan maturity, missed interest payments, buyer deposit disputes, mechanic's liens, senior and mezzanine lenders, secured and unsecured debt, and Chapter 11 bankruptcy. For foreclosure investors and distressed asset buyers, the Mandarin Oriental Boca Raton situation illustrates why capital stack analysis and lien priority can matter more than projected finished value. Tony discusses senior secured mortgages, junior claims, contractor liens, condominium purchase agreements, credit bidding, lender foreclosure, bankruptcy auctions, rescue equity, recapitalization, workouts and potential third-party acquisitions. The case also highlights development risk and real estate risk management: construction delays, carrying costs, rising interest rates, insurance premiums, labor and material inflation, refinancing risk, liquidity pressure and loan maturity. A prime location, strong demand, luxury branding and substantial presales do not eliminate financial risk when debt and time begin working against the investment. For investors evaluating foreclosure auctions, distressed properties, real estate notes, fix-and-flip projects or larger development opportunities, the underlying principles remain the same: understand the debt structure, determine secured priority, account for holding costs, evaluate remaining capital requirements and know where your investment sits before trouble begins. PROPERTY UNPEELED Whether you are a seasoned foreclosure investor, a fix-and-flip pro, or a landlord building a passive income portfolio, Property Unpeeled is your ultimate real estate playbook. Hosted by Tony Stern, this podcast goes beneath the surface of traditional real estate investing to uncover hidden traps, macro market trends, and advanced wealth-building strategies. From niche tax liens and distressed property auctions to standard property market analysis, tune in weekly to get the data you need to scale your portfolio. Subscribe to Property Unpeeled on Apple Podcasts, Spotify, Amazon Music, YouTube, or visit PropertyOnion.com.

Aug 18

Unpeeled Short: Speaking the Language of Real Estate Investing | Part 2

Speaking the language of real estate investing means understanding the shorthand behind the deals. Part 2 breaks down 10 more acronyms investors are likely to encounter, from REO and REIT to IRR, P&S, and JV. Tony Stern explains what these terms actually mean and, more importantly, how they apply to real-world investing. Learn how investors evaluate returns, compare property types, analyze market value, navigate closing documents, structure partnerships, and identify opportunities in bank-owned real estate. For real estate investing articles and educational resources, visit https://propertyonion.com/education/. For more in-depth real estate investing education, visit PropertyOnion Academy at https://propertystudent.com/. EPISODE CHAPTERS 00:00 - Why Investor Vocabulary Matters01:31 - REO: When the Bank Takes the Property Back02:52 - REIT: Real Estate Without the Landlord Duties04:19 - LPO: When the Listing Price Is a Mystery05:27 - CMA: Know What a Property Is Worth06:33 - SFR vs. MFR: Understanding Property Types08:44 - IRR: Measuring Returns Over Time09:54 - P&S: The Contract Behind the Deal11:01 - COW: Following the Money at Closing12:32 - JV: Using Partnerships to Scale This Unpeeled Short is hosted by Tony Stern. ABOUT THIS EPISODE This Unpeeled Short covers real estate investing terminology used across distressed property investing, rental properties, commercial real estate, property valuation, acquisitions, closing, and deal structuring. Tony explains real estate owned (REO) properties and bank-owned inventory, including why lenders may want distressed assets off their balance sheets and why title research and due diligence remain critical when purchasing property as-is. The episode also explores real estate investment trusts (REITs), passive real estate investing, income-producing property, dividends, commercial property investment, single-family residences (SFRs), multifamily residences (MFRs), rental income, vacancy risk, economies of scale, and portfolio growth. Investors will also hear about comparative market analysis (CMA), comparable sales, property valuation, market analysis, offer pricing, listing price on application (LPO), luxury real estate, commercial development sites, and evaluating potential acquisitions using market data rather than emotion. For investors focused on financial analysis, the discussion covers internal rate of return (IRR), return on investment, time value of money, annualized investment performance, cash flow, mortgage paydown, holding periods, projected sale proceeds, inflation, and opportunity cost. The closing and transaction section explains purchase and sale agreements (P&S), purchase contracts, earnest money deposits, contingencies, inspections, financing contingencies, closing dates, settlement statements, closing worksheets, title agents, closing attorneys, escrow, title insurance fees, prorated property taxes, association estoppels, recording fees, debits, credits, and reviewing transaction costs before closing. The episode concludes with joint ventures (JV), real estate partnerships, capital partners, distressed property acquisitions, project management, profit sharing, and ways investors can combine capital and expertise to pursue larger real estate deals. PROPERTY UNPEELED Whether you are a seasoned foreclosure investor, a fix-and-flip pro, or a landlord building a passive income portfolio, Property Unpeeled is your ultimate real estate playbook. Hosted by Tony Stern, this podcast goes beneath the surface of traditional real estate investing to uncover hidden traps, macro market trends, and advanced wealth-building strategies. From niche tax liens and distressed property auctions to standard property market analysis, tune in weekly to get the data you need to scale your portfolio. Subscribe to Property Unpeeled on Apple Podcasts, Spotify, Amazon Music, YouTube, or visit PropertyOnion.com.

Aug 11

Unpeeled Short: Florida’s Property Tax Amendment Explained | Who Wins, Who Loses, and What It Could Cost

Florida property tax relief could put more money back in homeowners' pockets, but the proposal comes with tradeoffs investors shouldn't ignore.Tony Stern breaks down the proposed 2026 constitutional amendment, who could benefit, what stays untouched, and where the costs could resurface. This Unpeeled Short looks at the proposed homestead exemption expansion, the lower assessment-growth cap for non-homestead property, the five-year residency requirement, and the multibillion-dollar impact on city and county budgets. You'll also hear why school taxes and Florida's insurance problem remain outside the proposal, plus three things property owners and investors can do now. EPISODE CHAPTERS 01:07 - What Has Actually Changed?03:27 - Amendment 3 and the 2026 Ballot04:57 - The Super Homestead Exemption06:37 - The New Non-School Exemption08:47 - The School Tax Caveat10:47 - What Non-Homestead Owners Need to Know11:37 - Cutting the Assessment Growth Cap12:57 - The Five-Year Residency Requirement14:07 - The Local Budget Impact17:47 - How Governments Could Claw It Back19:47 - Insurance and the Bigger Picture20:27 - Relief, but Not a Cure21:37 - Three Things to Do Now CONNECT WITH THE GUEST No guest. This Unpeeled Short is hosted by Tony Stern. MENTIONED IN THIS EPISODE Florida Amendment 3 / proposed 2026 property tax amendmentFlorida homestead exemptionLocal city and county government budgetsSchool property taxes ABOUT THIS EPISODE This episode covers Florida property tax reform, the proposed November 2026 constitutional amendment, homestead property tax relief, taxable value, assessed value, non-school property taxes, school millage, and Florida homestead exemption changes. For real estate investors, landlords, rental property owners, flippers, and distressed property buyers, the proposal also raises questions about non-homestead assessments, investment property taxes, the assessment growth cap, annual taxable-value increases, holding costs, and real estate cash flow. Tony explains the proposed reduction of the non-homestead assessment cap from 10% to 5% and why that provision matters beyond primary residences. The discussion also explores local government revenue, municipal and county budgets, public services, spending restrictions, possible fee increases, and the unintended consequences that can follow large property tax cuts. Other topics include the proposed five-year Florida residency requirement, new Florida residents, property ownership costs and how governments may replace lost ad valorem tax revenue. Listeners researching Florida real estate investing, Florida property taxes 2026, property tax changes for investors, homestead versus non-homestead property, landlord operating expenses, Florida rental properties, real estate due diligence, investment property carrying costs, and Florida housing affordability will find practical context for evaluating the proposal. The episode also distinguishes property tax relief from Florida homeowners insurance costs and explains why lower taxes alone do not solve the state's broader housing-cost pressures. PROPERTY UNPEELEDWhether you are a seasoned foreclosure investor, a fix-and-flip pro, or a landlord building a passive income portfolio, Property Unpeeled is your ultimate real estate playbook. Hosted by Tony Stern, this podcast goes beneath the surface of traditional real estate investing to uncover hidden traps, macro market trends, and advanced wealth-building strategies. From niche tax liens and distressed property auctions to standard property market analysis, tune in weekly to get the data you need to scale your portfolio. Subscribe to Property Unpeeled on Apple Podcasts, Spotify, Amazon Music, YouTube, or visit PropertyOnion.com.

Aug 4

Unpeeled Short: The Art of the Leveraged Buyout | What Every Real Estate Investor Can Learn from Wall Street

Wall Street has been using leveraged buyouts to build fortunes for decades, and most real estate investors are already using the same strategy without realizing it. Learn how billion-dollar private equity deals translate directly to rental properties, foreclosures, tax deeds, and tax liens. In this solo episode, Tony Stern breaks down leveraged buyouts (LBOs) into simple, practical terms and explains why understanding leverage can dramatically change the way investors think about building wealth. Using real-world examples from KKR, RJR Nabisco, and Blackstone's Hilton acquisition, he connects private equity principles to everyday real estate investing and shows how responsible leverage can accelerate portfolio growth while avoiding unnecessary risk. EPISODE CHAPTERS 00:00 - Introduction 01:08 - What Is a Leveraged Buyout? 02:57 - How an LBO Works Step by Step 05:55 - Famous Leveraged Buyouts: RJR Nabisco & Hilton 7:36 - Why Every New Investor Should Understand Leverage 10:01 - The LBO Connection to Foreclosure Investing 11:45 - Tax Liens: Leverage in Its Purest Form 13:37 - Wall Street Lessons for Main Street Investors 14:31 - The Five-Step LBO Playbook 16:21 - Building Wealth with Responsible Leverage MENTIONED IN THIS EPISODE PropertyOnion KKR (Kohlberg Kravis Roberts) Blackstone Hilton Hotels RJR Nabisco Barbarians at the Gate BRRR Method (Buy, Rehab, Rent, Refinance, Repeat) Hard Money Lending Private Lending Tax Lien Certificates Tax Deed Investing Foreclosure Auctions ABOUT THIS EPISODE Leveraged buyouts (LBOs) are a major private equity strategy, but the same principles also apply to real estate investing, foreclosure investing, rental properties, tax deeds, and tax lien certificates. In this episode, Tony Stern explains how leveraged buyouts work, how companies are acquired with borrowed capital, and how an asset’s own cash flow can be used to repay acquisition debt. The discussion covers debt versus equity financing, collateral, refinancing, asset-backed lending, portfolio growth, cash flow, and responsible leverage. Tony connects private equity deals to mortgages, rental income, distressed real estate, foreclosure auctions, county tax deed sales, and tax lien investing. Examples include KKR’s RJR Nabisco leveraged buyout, Blackstone’s Hilton Hotels acquisition, and the lessons these transactions offer everyday investors. Listeners will learn why borrowing capacity alone does not make a good deal, how disciplined underwriting reduces risk, and why an asset must comfortably support its own debt. The episode also explores hard money loans, private lending, the BRRR strategy, recycling capital through refinancing, improving undervalued assets, and building a real estate portfolio over time. Additional topics include fix-and-flip investing, passive income, equity growth, distressed property investing, foreclosure opportunities, collateralized lending, tax lien certificates, and tax deed investing. For investors interested in private equity, leveraged investing, property auctions, rental portfolios, note investing, real estate finance, or using debt to build wealth, this episode provides a practical framework for applying institutional investment concepts at a smaller scale. PROPERTY UNPEELED Whether you are a seasoned foreclosure investor, a fix-and-flip pro, or a landlord building a passive income portfolio, Property Unpeeled is your ultimate real estate playbook. Hosted by Tony Stern, this podcast goes beneath the surface of traditional real estate investing to uncover hidden traps, macro market trends, and advanced wealth-building strategies. From niche tax liens and distressed property auctions to standard property market analysis, tune in weekly to get the data you need to scale your portfolio. Subscribe to Property Unpeeled on Apple Podcasts, Spotify, Amazon Music, YouTube, or visit PropertyOnion.com.

Jul 28

Unpeeled Short: The 10 Real Estate Investing Acronyms Every Investor Should Know

If terms like NOI, Cap Rate, ARV, DSCR, or BRRRR have ever made real estate investing feel like a different language, this episode is for you. Learn the 10 acronyms every investor should know before analyzing deals, talking with lenders, or bidding on properties. In this solo episode, Tony Stern breaks down the most common real estate investing acronyms into plain English, explaining not just what they mean, but why they matter. From measuring profitability with NOI and ROI to understanding lender metrics like LTV and DSCR, you'll gain the vocabulary and confidence to evaluate investment opportunities more effectively. Whether you're buying rental properties, flipping houses, investing in distressed real estate, or attending foreclosure auctions, understanding these concepts will make it easier to analyze opportunities and speak the language of real estate investing. EPISODE CHAPTERS 00:59 - Real Estate’s Alphabet Soup02:46 - NOI: Measuring Property Profitability04:08 - ROI: How Hard Is Your Money Working?05:18 - Cap Rate and Investment Risk06:30 - Cash-on-Cash Return Explained07:28 - LTV: How Lenders Measure Risk08:38 - The BRRRR Investing Strategy09:42 - PITI and the True Monthly Payment10:48 - ARV: Estimating Value After Repairs11:54 - DSCR and the Lender Safety Cushion12:58 - Fair Market Value Explained13:53 - Putting the Metrics Together MENTIONED IN THIS EPISODE PropertyOnion.comThe BRRRR real estate investing strategyComparable property sales, or “comps” ABOUT THIS EPISODE In this episode, Tony Stern explains the real estate investing terminology beginners are likely to encounter while analyzing properties, speaking with lenders, evaluating rental income, or planning a fix-and-flip project. Topics discussed include net operating income (NOI), return on investment (ROI), capitalization rate, cash-on-cash return, loan-to-value ratio (LTV), principal, interest, taxes and insurance (PITI), after repair value (ARV), debt service coverage ratio (DSCR), and fair market value (FMV). The episode also covers rental property cash flow, operating expenses, investment property profitability, mortgage payments, lender risk, real estate financing, commercial loan underwriting, comparable sales, rehab budgets, property valuation, distressed property acquisition, and the BRRRR strategy of buying, rehabbing, renting, refinancing, and repeating. These real estate investment metrics help landlords, house flippers, foreclosure investors, distressed asset buyers, and other property investors compare opportunities, calculate potential returns, assess financing risk, estimate a renovated property’s value, and determine whether an investment can support its debt obligations. PROPERTY UNPEELED Whether you are a seasoned foreclosure investor, a fix-and-flip pro, or a landlord building a passive income portfolio, Property Unpeeled is your ultimate real estate playbook. Hosted by Tony Stern, this podcast goes beneath the surface of traditional real estate investing to uncover hidden traps, macro market trends, and advanced wealth-building strategies. From niche tax liens and distressed property auctions to standard property market analysis, tune in weekly to get the data you need to scale your portfolio. Subscribe to Property Unpeeled on Apple Podcasts, Spotify, Amazon Music, YouTube, or visit PropertyOnion.com.

Property Unpeeled

Stop Hunting the MLS Unicorn | Skip the Retail Market and Find True Wholesale Deals at County Auctions

How to Underwrite Foreclosure and Tax Deed Auctions: The Complete Playbook

Unpeeled Short: Landlord Exodus | The Great Mom-and-Pop Shakeout

Boca's $400M Ghost Towers | The Mandarin Hotel: Why Prime Boca Real Estate Couldn't Outrun Debt, Delays and a Changing Market

Unpeeled Short: Speaking the Language of Real Estate Investing | Part 2

Unpeeled Short: Florida’s Property Tax Amendment Explained | Who Wins, Who Loses, and What It Could Cost

Unpeeled Short: The Art of the Leveraged Buyout | What Every Real Estate Investor Can Learn from Wall Street

Unpeeled Short: The 10 Real Estate Investing Acronyms Every Investor Should Know

Ratings & Reviews

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Property Unpeeled

Episodes

Stop Hunting the MLS Unicorn | Skip the Retail Market and Find True Wholesale Deals at County Auctions

How to Underwrite Foreclosure and Tax Deed Auctions: The Complete Playbook

Unpeeled Short: Landlord Exodus | The Great Mom-and-Pop Shakeout

Boca's $400M Ghost Towers | The Mandarin Hotel: Why Prime Boca Real Estate Couldn't Outrun Debt, Delays and a Changing Market

Unpeeled Short: Speaking the Language of Real Estate Investing | Part 2

Unpeeled Short: Florida’s Property Tax Amendment Explained | Who Wins, Who Loses, and What It Could Cost

Unpeeled Short: The Art of the Leveraged Buyout | What Every Real Estate Investor Can Learn from Wall Street

Unpeeled Short: The 10 Real Estate Investing Acronyms Every Investor Should Know

Ratings & Reviews

About

Information