I have money to place and haven't picked a lane yet, so treat this as a beginner question about the model itself. A sponsor sent me a one pager comparing two scenarios on the same…
I've owned an 88-space lot two blocks off a core business district for four years. Right now 55 spaces are on monthly contracts at $145, and the rest run transient off a kiosk. Th…
Preferred equity slot in an infill townhome deal on a portal, $25,000 in, 24 month projected term. The pref was written as "10% per annum on unreturned capital, cumulative and com…
I'm starting from zero and reading listings I can't buy yet, and the two that keep showing up in my saved list are opposites, so I want to know how the room splits. One is a 34 si…
Our county rewrote its ADU rules last spring and the new text is 26 pages. I read it because I was curious, and then I made a two page plain summary: what sizes are allowed by lot…
A 110 site park with 8 cabins put out a request for a season contract covering cabin turns, two bathhouses, and supplying two camp host couples. Their stated budget is 96k for the…
After five years running a service business, the thing that finally moved my balance sheet wasn't the business. It was solving a parking problem badly enough that I had to buy dir…
Small unattended surface lot, about 25 spaces, everything paid at a kiosk, no staff on site except a cleaner twice a week. The county clerk told me a commercial parking facility n…
I keep poking holes in strategies and this is the one that survives every objection I throw at it. Buy as an owner occupant, live there the required year, convert to rental, repea…
Finished this one last spring, so I've had time to be calm about it. Bought a 1963 ranch, 1,450 square feet, 246k, 3.5 percent down. Plan was to live in it 12 to 14 months, fix it…
Two things came across my desk in the same month. One is a public non-traded REIT holding nothing but data centers and a small amount of build-to-suit development. The other is a…
First deal, and I want to write it down while the numbers are still exact. 8,400 square foot single tenant retail box, auto parts style user, secondary market in the upper midwest…
My business is service work, so clients vet me all day long, and I've got a decent sense of which questions actually reveal something. Now I'm on the other side looking at a first…
Seven lots on 31 acres, new 1,100 foot gravel road to county standard, cul-de-sac bulb at the end. I've built roads for other people for years, so this was supposed to be the part…
Working through a deal that looks great on the yield line and worse the longer I sit with it. 34,000 sf, built 1978, 18 foot clear, one dock door and one drive-in, town of about 6…
First one done. 7,200 sf end unit in a 1990s light industrial condo park, 16 foot clear, one dock and one grade door, small office up front. $520,000, so $72/sf, in a park where t…
This is a small one. $25k into an eight tenant office and flex building, roughly 34,000 sf, single story, in a suburb where a lot of the tenants are contractors and small medical.…
I ran lifestyle and activity programming for a 240-unit active adult community under a two-year service agreement. Fitness classes, resident clubs support, event calendar, three s…
Two ways to buy the same three or four unit building and I've watched people argue this without either side moving. More down: smaller payment, more monthly cushion, and the build…
I've been reading a seller's package on a 14 over 4 while I wait on my own much smaller first deal, mostly to learn how these get valued. The package includes an appraisal from ei…