What does 41 TOH / 7 POH mean on a listing?
Looking at a listing that says "48 lots, 41 TOH, 7 POH, city water and sewer, lot rent $310." I worked out TOH is probably tenant owned home but I'm guessing. POH I have no idea.…
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Looking at a listing that says "48 lots, 41 TOH, 7 POH, city water and sewer, lot rent $310." I worked out TOH is probably tenant owned home but I'm guessing. POH I have no idea.…
Small park in a county of maybe 9,000 people, two hours from anything. 18 lots, 15 occupied, all homes owned by the residents. Lot rent is $215 and hasn't moved in six years per t…
3 bed 1 bath in a small town, $118,000, roof has maybe three or four years left. At the walkthrough the seller mentioned the tenant has a Housing Choice Voucher, has been there fo…
I've been reading three different sources on a market I'm underwriting and they use three numbers as if they're the same thing. One quotes a fair market rent of $1,300 for a two-b…
Current rent roll: 10 occupied, average $850, so $8,500 gross. Nine of the ten are month to month and under market. I figure $1,050 is achievable after a $3,500 turn, and the two…
I'm looking at a rent-to-own on a small house and the owner said his policy covers the building so I "only need renter's insurance." But I'm supposed to be handling repairs under…
Two things crossed my desk in the same submarket and they're basically opposite ends of the same building type, so I want to hear where the room lands. Option one is the fee inter…
I am pricing my first furnished unit, a two bedroom, and the part I cannot decide is utilities. Every corporate listing I read says all inclusive. My gas bill on this building las…
I've spent about a year trying to work out which strategy actually fits, and building a backyard cottage kept failing the same test for me: I don't have $180k and I don't have the…
Still figuring out which strategy fits me, so I put a small amount into a portal equity deal instead of reading about them for another year. Small retail strip, six bays, one vaca…
Real comparison off my list this month. A fourplex in a small town, 4,000 people, one large employer, 185k asking, four units renting 575 to 650. Gross around 29k. And a duplex in…
This one is on the tenant side of mixed-use rather than the owner side, and I wish someone had walked me through it before I signed. A developer finished a small building near me,…
I want boring income and no second job. Two paths keep coming up and they seem to point opposite directions. One: buy a single-tenant building outright, national chain in it, trip…
The service business had a good year and after taxes and payroll I have about 180k sitting in an account doing nothing much. I want a rental. I've read enough to know what I'm loo…
Working through a wrap on a small three unit and I keep landing on two versions of the same deal. Version A: sale at 340k, 10k down, wrap balance 330k at 8 percent. Underlying is…
This is not the first rental I planned on. I was looking at duplexes and a seller called about a two-story brick building on the main street of a town of about 6,800 people. Four…
Listing is $1.6M. Six apartments at $1,400, plus two ground-floor suites, one at $2,200 a month and one at $1,900, both described as triple net. Seller's sheet adds all of it, sub…
I'm looking at a surface lot near a hospital, 50 striped spaces. The broker's one-pager says "85% occupancy" in big type, then further down the seller's income summary lists 22 mo…
Closed out an LP position last quarter and it worked, though not for any reason in the original deck. Deal was a 300-space structured garage in a mid-size downtown, three blocks f…
This was a private first position loan on a tenant-occupied three bedroom in a mid-size southern metro, funded through a friend who has done twenty of these. $96k against a house…