All 132 real estate strategies.Every room answered.
Start with a RE category
Next, pick a strategy
Then pick the type of post
every post in the capital rooms
Someone in another room mentioned you can pick up non-performing second liens for a couple thousand dollars each, which sounds like an amount I could actually risk while I learn.…
Closed out the first full cycle of something I set up deliberately, so here's what actually happened. Setup: 140k allocated to a public REIT sleeve, deployed in four tranches over…
Two things on my list this week and they're the same equity check. Deal A. 176 units, 1985 vintage, garden style, in an inner-ring suburb of a midwest metro. $118k a door. Rents a…
Working through a deal a mentor sent me so I can see how the bigger end underwrites. 300 units, 2016 vintage, secondary Sun Belt market. Ask is $72m, so $240k a door. The sponsor'…
Every mezz summary I read lists the conversion to equity as one of the protections. The mezz lender can end up owning the ownership interest in the entity that holds the property,…
Mezz targets 10 to 15 percent. Common equity in the same deals is usually pitched at high teens and up. So you're giving up several hundred basis points of upside in exchange for…
I've done passive deals one property at a time for a while and this was my first pooled fund, so I wrote down what I was going to check before I let myself get excited. $75k into…
I've been reading two JV term sheets a friend forwarded me with the names taken out, and they split the same way on paper but they get there differently. The first one gives the c…
I came from the build side, so replacement cost is the number I trust most and I think that's exactly the bias I need beaten out of me. Deal shape: 312 units, 2004 vintage, garden…
Trying to settle an argument I'm having with myself before I move anything. The clean version of self-directed IRA deployment is passive and unleveraged. Interest from private len…
Underwriting a 12-month bridge with a 6-month extension option at one point. Sponsor's exit is a DSCR refinance on a stabilized 8-unit, and their pro forma has certificates of occ…
Borrower is doing a heavy rehab on a 12 unit in a secondary market. Purchase 640k, budget 210k, senior bridge loan 700k from a private lender, stabilized value the borrower puts a…
I've been sitting on 6.1 acres at a highway interchange for nine years. Zoning already allows hospitality, which is why I bought it. A development arm of a hospitality fund came t…
I'm about as new as it gets, so treat this as a field report and not expertise. Deal was 142,000 to me, 167,000 to the end buyer, both legs on the same day, funder at 1% flat so 1…
I usually borrow this money, not lend it. Sold a flip last spring, had $215k sitting between deals, and a wholesaler I've worked with introduced a borrower doing a full renovation…
$2.5m into a $6.5m mezz tranche, recovered $560k in month 31. The sequence matters more than the number, because the place I got it wrong was not where I expected. Deal shape: 190…
I'm slow about decisions and I'm three deal decks deep into comparing two sponsors who want money from me for roughly similar 100 to 150 unit value-add plans in similar markets. T…
Numbers first, then the part I can't settle. Purchase 285,000, off market 3/2 in a first ring suburb that turns over fast. Rehab 95,000 from my GC, and I'm confident on maybe 80 o…
A friend is buying a house to flip and his hard money lender is covering 75% of purchase plus rehab. He needs $40,000 more for the down payment and part of the rehab reserve, and…
Looking at a diligence packet for a lien vehicle, around 60m deployed across four states. Their weighted average bid rate across the last full vintage is 12.4%. Net to LP on that…