The tenant, the seller, the closing that went sideways. No lesson required.
I've been trying to price out what my first deal actually costs, and a guy I know let me shadow him on a commercial one so I could see the real line items instead of the podcast v…
Take a landowner with about 160 acres of hay ground twenty minutes off an interstate exit in the southeast. A land representative knocks in the spring, comes back with an attorney…
A common pattern worth studying: an operator 42 units into a portfolio hits a maturity wall. A loan from 2019 at low fours is coming due, the new quote comes in over six, and proc…
I subbed drywall on a gut of a small mixed use building last spring, four retail bays and eight units above. The GC's drywall lead had been in the trade thirty years and knew ever…
Reading county permit records before a purchase is one of the more underrated diligence steps, and a well-executed flip is a good illustration of why. Say the county file shows pe…
I got dragged into a hotel walk because a friend of a friend needed someone to hold a tape measure. 140 keys, select service, built 2007, off a highway interchange that used to be…
The sector can stay abstract no matter how much gets read about it, until someone drives out to actually look at one. What is usually there is a long gray box with no windows, a f…
I own land and I hold it, that's my whole thing, so I'm the wrong person to be in the middle of this story. My neighbor's son buys beat up houses, fixes them, rents them, then bor…
Take a stand planted in 2003 and thinned once already, on a piece of hunting or recreational land carrying a seller who isn't in a hurry. A forester walking that ground will tap t…
Four of us were on a punch list at a 288 unit complex, three story garden style, built in 2021 out in a Sun Belt suburb where there were two more cranes visible from the parking l…
A hand-painted yard sign reading RENT TO OWN, NO BANK NEEDED, with a phone number, is a common enough sight that it's worth walking through what's actually on the other end of tha…
This is a common scene on preferred equity calls, and it is worth recognizing before sitting on one. A sponsor is raising preferred equity into the refinance of a mid 90s garden a…
The accessory dwelling unit strategy has a way of making sense only once a person stands inside one. Picture a backyard barbecue where about halfway through the host points at the…
A common first-time buyer path runs entirely on rate tables, forums and a spreadsheet, and it rarely gets to the same place a good local broker gets to in one sitting. An experien…
A common setup for a new investor looks clean on paper: a holding LLC, one or two child LLCs, an operating agreement drafted and reviewed carefully before any property is purchase…
Picture a prep call for a credit committee reviewing a single tenant data center shell on a campus in an emerging Sun Belt market, phase one at about 48 megawatts of contract capa…
Here is a pattern worth knowing before buying a note course. Picture an eighteen hundred dollar self paced program, twelve modules, with a private forum that turns out to be about…
I've been trying to figure out where I fit on the service side and somebody suggested I go see what an inspection actually is instead of guessing. A housing authority inspector I…
Take a small multifamily property, say six or nine units, where deposits were collected over several years as tenants signed leases. A common pattern is that each deposit lands in…
Take a small mixed use building, two commercial bays and four units above, in a town of about 9,000. Aerial shots make sense for a listing package when ground shots undersell the…
