All 132 real estate strategies.Every room answered.
Start with a RE category
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every post in the capital rooms
I've spent the last four months writing capex scopes across a group of storage facilities for an owner who is aggregating toward twenty and is now at the decision everyone told hi…
I've spent a year trying to work out which lane I belong in and this deal finally gave me a real comparison instead of a hypothetical. Contract at 205,000 on a tired but clean fou…
I've got 62k earmarked for a roof and two unit turns on a small multifamily building, and the work is 18 months out because the tenants in place have leases running that long. It'…
A contractor I've worked with keeps asking me to fund his next rehab at 11% interest plus two points, twelve month term, first position on a house I've walked through. Meanwhile t…
I'm trying to work out where someone like me sells services into this rather than putting up capital. If an operation is bidding on a few hundred certificates a season, what parts…
Numbers first. 45k in, 46.1k out, 31 months. That's roughly 0.9% a year before I count the time I spent reading their updates. The stated target when I came in was a statutory rat…
The part that worried me was getting paid, not the rate. Small three bedroom flip in a working class suburb, all in at 218k purchase plus rehab, hard money senior funded 175k, bor…
Numbers first, then tell me what's wrong with them. Note A: 11 percent, 2 points, 6 month term. Note B: 12.5 percent, 1 point, 12 month term. Both $150k, interest only, paid month…
The house came to me last year, small 2 bed 1 bath in an older part of town, no mortgage on it, nothing to pay off. I had it under contract at 185k and the buyer's lender turned h…
A seller I've been talking with is carrying a $180k note at 9% on a house he just sold. Someone in another conversation told him his yield might be 11%, or might be 6%, depending.…
Small market deal, 11 units, all in around 640k with the lender covering the rest, so the equity need is roughly 260k. I have interest from enough people to fill it either way, wh…
I've been reading pref equity summaries for a couple of months and one line keeps stopping me. The pref investor doesn't get a mortgage on the property. You get a membership inter…
I've been building a list of pref opportunities rather than buying anything yet, and I finally have two live term sheets on comparable assets that I can put side by side. Both are…
A sponsor I follow is raising a preferred equity tranche on a 90-unit deal and the minimum is $250,000. Then I read a piece that said retail investors get into pref for $50,000 or…
This one closed out in the spring and I've had a few months to look at it straight. 2022, I put $85k into a nine-facility aggregation vehicle buying in small markets, populations…
I committed $200k in 2022 to a storage fund that pitched itself as 70% stabilized acquisitions, 30% ground-up. The stabilized side has been fine, boring, roughly what the deck sai…
Not a big story but the mechanics are the kind of thing I wanted explained when I started, so here it is. I had a 4 unit under contract at 340k in a modest neighborhood, all four…
I run a handful of small multifamily units and the rent covers the debt with room to spare, so the question of where the surplus goes comes up every quarter. The case for putting…
Two deals on my desk in the same secondary metro, both offered to me as a co-invest alongside a sponsor I've met twice. Deal A, extended stay, 118 keys, built 2016, no PIP require…
Sponsor deck on a 96-key exterior corridor hotel shows total revenue 3.4m and gross operating profit 2.11m, so 62% GOP margin. My understanding is that a well-run limited-service…