DiscussionPublic REITs (Capital Deployment)
The sector a REIT operates in explains less of the return than most people expect once you account for balance sheet quality.
A grocery-anchored retail REIT with a 35 percent debt-to-total-assets ratio and a...
Happening NowListing Content (Agent / Broker Marketing)
The property description got rewritten by the agent and I think it cost us a week
I manage leasing across a big portfolio so I read a lot of copy, and the pattern I...
StoryBird Dogging / Lead Finding
Someone just told me a bird dog should get paid at closing, not per lead, because it aligns incentives, and I can see the logic but I'm not sure it holds.
Take a bird dog finding 10 leads a month at $200 flat each, versus one taking 10...
StoryFund Management
This summer was the first time I raised outside money and I still cannot sleep through the night about it
Two investors, $60k combined, and the deal is a land parcel in Adair County that I...
DiscussionPublic REITs (Capital Deployment)
The sector a REIT operates in explains less of the return than most people expect once you account for balance sheet quality.
A grocery-anchored retail REIT with a 35 percent debt-to-total-assets ratio and a...
Happening NowListing Content (Agent / Broker Marketing)
The property description got rewritten by the agent and I think it cost us a week
I manage leasing across a big portfolio so I read a lot of copy, and the pattern I...
StoryBird Dogging / Lead Finding
Someone just told me a bird dog should get paid at closing, not per lead, because it aligns incentives, and I can see the logic but I'm not sure it holds.
Take a bird dog finding 10 leads a month at $200 flat each, versus one taking 10...
StoryFund Management
This summer was the first time I raised outside money and I still cannot sleep through the night about it
Two investors, $60k combined, and the deal is a land parcel in Adair County that I...
DiscussionPublic REITs (Capital Deployment)
The sector a REIT operates in explains less of the return than most people expect once you account for balance sheet quality.
A grocery-anchored retail REIT with a 35 percent debt-to-total-assets ratio and a...
Happening NowListing Content (Agent / Broker Marketing)
The property description got rewritten by the agent and I think it cost us a week
I manage leasing across a big portfolio so I read a lot of copy, and the pattern I...
StoryBird Dogging / Lead Finding
Someone just told me a bird dog should get paid at closing, not per lead, because it aligns incentives, and I can see the logic but I'm not sure it holds.
Take a bird dog finding 10 leads a month at $200 flat each, versus one taking 10...
StoryFund Management
This summer was the first time I raised outside money and I still cannot sleep through the night about it
Two investors, $60k combined, and the deal is a land parcel in Adair County that I...
Happening NowDual Agent
My Memphis wholesale contact is now my only agent option for the property I want to flip there and I do not know what to do with that
So I closed a wholesale contract in Memphis about four months ago through a...
LossHotels / Short-Term Lodging (Passive Hold)
A 19-key mountain inn where the T-12 looked clean until the FF&E reserve showed up on page four
Someone walked me through a deal this week where the inn had posted a 68 percent...
StoryWraparound Mortgages (Wraps)
Did a wrap where the underlying had 19 years left and I was only in the deal for 5, and I never ran a real amortization on what the seller was still carrying
Closed two years ago, 4.1 percent underlying, I wrote the wrap at 6.5. The buyer...
Happening NowJV Capital Provider
When the operating agreement says "net proceeds" but does not define net, the split math is open to interpretation at exit
I am sitting with a term sheet where the promote calculation reads "70/30 of net...
Happening NowDual Agent
My Memphis wholesale contact is now my only agent option for the property I want to flip there and I do not know what to do with that
So I closed a wholesale contract in Memphis about four months ago through a...
LossHotels / Short-Term Lodging (Passive Hold)
A 19-key mountain inn where the T-12 looked clean until the FF&E reserve showed up on page four
Someone walked me through a deal this week where the inn had posted a 68 percent...
StoryWraparound Mortgages (Wraps)
Did a wrap where the underlying had 19 years left and I was only in the deal for 5, and I never ran a real amortization on what the seller was still carrying
Closed two years ago, 4.1 percent underlying, I wrote the wrap at 6.5. The buyer...
Happening NowJV Capital Provider
When the operating agreement says "net proceeds" but does not define net, the split math is open to interpretation at exit
I am sitting with a term sheet where the promote calculation reads "70/30 of net...
Happening NowDual Agent
My Memphis wholesale contact is now my only agent option for the property I want to flip there and I do not know what to do with that
So I closed a wholesale contract in Memphis about four months ago through a...
LossHotels / Short-Term Lodging (Passive Hold)
A 19-key mountain inn where the T-12 looked clean until the FF&E reserve showed up on page four
Someone walked me through a deal this week where the inn had posted a 68 percent...
StoryWraparound Mortgages (Wraps)
Did a wrap where the underlying had 19 years left and I was only in the deal for 5, and I never ran a real amortization on what the seller was still carrying
Closed two years ago, 4.1 percent underlying, I wrote the wrap at 6.5. The buyer...
Happening NowJV Capital Provider
When the operating agreement says "net proceeds" but does not define net, the split math is open to interpretation at exit
I am sitting with a term sheet where the promote calculation reads "70/30 of net...
Happening NowTransactional Funding
The end buyer's lender called the A-to-B deed a same-day flip and killed the loan.
This kills more funded double closes than bad paperwork does, and the transactional...
WinLead Generation Platforms (Building)
My county recorder pulls 30 days of pre-foreclosure filings every Monday and I have been emailing them to three local wholesalers for free since March
I did it to learn the data before I built anything, and one of them closed a deal...
Happening NowGap Funding / Bridge Lending
Bridge loans on 50-plus unit portfolios sit in a different category than most borrowers expect before they start calling lenders.
The unit count alone does not move a bridge lender. What changes at that scale is...
DiscussionOffice Buildings (Passive Hold)
Is a 6,200 sf professional office at $104/sf in Overland Park worth more to me than a 14,800 sf flex office at $47/sf in Joplin right now
The Overland Park deal is $644,800 all in, 91 percent occupied, four tenants on...
Happening NowTransactional Funding
The end buyer's lender called the A-to-B deed a same-day flip and killed the loan.
This kills more funded double closes than bad paperwork does, and the transactional...
WinLead Generation Platforms (Building)
My county recorder pulls 30 days of pre-foreclosure filings every Monday and I have been emailing them to three local wholesalers for free since March
I did it to learn the data before I built anything, and one of them closed a deal...
Happening NowGap Funding / Bridge Lending
Bridge loans on 50-plus unit portfolios sit in a different category than most borrowers expect before they start calling lenders.
The unit count alone does not move a bridge lender. What changes at that scale is...
DiscussionOffice Buildings (Passive Hold)
Is a 6,200 sf professional office at $104/sf in Overland Park worth more to me than a 14,800 sf flex office at $47/sf in Joplin right now
The Overland Park deal is $644,800 all in, 91 percent occupied, four tenants on...
Happening NowTransactional Funding
The end buyer's lender called the A-to-B deed a same-day flip and killed the loan.
This kills more funded double closes than bad paperwork does, and the transactional...
WinLead Generation Platforms (Building)
My county recorder pulls 30 days of pre-foreclosure filings every Monday and I have been emailing them to three local wholesalers for free since March
I did it to learn the data before I built anything, and one of them closed a deal...
Happening NowGap Funding / Bridge Lending
Bridge loans on 50-plus unit portfolios sit in a different category than most borrowers expect before they start calling lenders.
The unit count alone does not move a bridge lender. What changes at that scale is...
DiscussionOffice Buildings (Passive Hold)
Is a 6,200 sf professional office at $104/sf in Overland Park worth more to me than a 14,800 sf flex office at $47/sf in Joplin right now
The Overland Park deal is $644,800 all in, 91 percent occupied, four tenants on...
StoryPublic REITs (Investor)
Sold one duplex unit's worth of notes into a REIT position six months ago and I'm still not sure I made the right call
The notes were sitting at 9.1 percent, two first-position liens on residential in...
StoryBoarding Houses
The per-room operating cost number everyone uses is the one that excludes the manager.
A 12-room house running at 650 per room gross looks reasonable until you put a real...
Happening NowBRRRR Method (Passive Angle)
Same Memphis house, BRRRR or straight buy and hold, and the spread is tighter than I expected
I ran this one twice because I kept thinking I was making an error. A three-bedroom...
Happening NowSubject-To Financing
The seller's lender called the due-on-sale after a routine tax record audit, not a missed payment.
The loan was a 3.2% fixed 30-year with 22 years left, $187,000 unpaid balance, and...
StoryPublic REITs (Investor)
Sold one duplex unit's worth of notes into a REIT position six months ago and I'm still not sure I made the right call
The notes were sitting at 9.1 percent, two first-position liens on residential in...
StoryBoarding Houses
The per-room operating cost number everyone uses is the one that excludes the manager.
A 12-room house running at 650 per room gross looks reasonable until you put a real...
Happening NowBRRRR Method (Passive Angle)
Same Memphis house, BRRRR or straight buy and hold, and the spread is tighter than I expected
I ran this one twice because I kept thinking I was making an error. A three-bedroom...
Happening NowSubject-To Financing
The seller's lender called the due-on-sale after a routine tax record audit, not a missed payment.
The loan was a 3.2% fixed 30-year with 22 years left, $187,000 unpaid balance, and...
StoryPublic REITs (Investor)
Sold one duplex unit's worth of notes into a REIT position six months ago and I'm still not sure I made the right call
The notes were sitting at 9.1 percent, two first-position liens on residential in...
StoryBoarding Houses
The per-room operating cost number everyone uses is the one that excludes the manager.
A 12-room house running at 650 per room gross looks reasonable until you put a real...
Happening NowBRRRR Method (Passive Angle)
Same Memphis house, BRRRR or straight buy and hold, and the spread is tighter than I expected
I ran this one twice because I kept thinking I was making an error. A three-bedroom...
Happening NowSubject-To Financing
The seller's lender called the due-on-sale after a routine tax record audit, not a missed payment.
The loan was a 3.2% fixed 30-year with 22 years left, $187,000 unpaid balance, and...
WinRural Land Flipping
The seller called it 12 usable acres and the county agreed, but the creek took three of them off the table
A 15-acre parcel in a rural Missouri county, listed by an absentee owner who had...
DiscussionCrowdfunding (Platform Investor)
Is a 7.5 percent debt note on a stabilized suburban office worth more than an 8.5 percent preferred equity note on a workforce multifamily right now
I have 15k sitting between deals and I keep landing on these two as the actual...
Happening NowShort-Term Rentals / Airbnb
Airbnb's guest fee restructuring is worth taking seriously as an underwriting input, not just a platform complaint
The change that gets the most reaction is the one where Airbnb has been...
WinLive-In-Then-Rent
Dropped rent 7 percent and I still do not know if I gave away too much
My numbers going into this were $1,850 market rate on the three bed, and I landed...
WinRural Land Flipping
The seller called it 12 usable acres and the county agreed, but the creek took three of them off the table
A 15-acre parcel in a rural Missouri county, listed by an absentee owner who had...
DiscussionCrowdfunding (Platform Investor)
Is a 7.5 percent debt note on a stabilized suburban office worth more than an 8.5 percent preferred equity note on a workforce multifamily right now
I have 15k sitting between deals and I keep landing on these two as the actual...
Happening NowShort-Term Rentals / Airbnb
Airbnb's guest fee restructuring is worth taking seriously as an underwriting input, not just a platform complaint
The change that gets the most reaction is the one where Airbnb has been...
WinLive-In-Then-Rent
Dropped rent 7 percent and I still do not know if I gave away too much
My numbers going into this were $1,850 market rate on the three bed, and I landed...
WinRural Land Flipping
The seller called it 12 usable acres and the county agreed, but the creek took three of them off the table
A 15-acre parcel in a rural Missouri county, listed by an absentee owner who had...
DiscussionCrowdfunding (Platform Investor)
Is a 7.5 percent debt note on a stabilized suburban office worth more than an 8.5 percent preferred equity note on a workforce multifamily right now
I have 15k sitting between deals and I keep landing on these two as the actual...
Happening NowShort-Term Rentals / Airbnb
Airbnb's guest fee restructuring is worth taking seriously as an underwriting input, not just a platform complaint
The change that gets the most reaction is the one where Airbnb has been...
WinLive-In-Then-Rent
Dropped rent 7 percent and I still do not know if I gave away too much
My numbers going into this were $1,850 market rate on the three bed, and I landed...
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