Occupancy year is nearly up on the duplex I live in and the plan was always to move out, rent my side, and do it again on a bigger building in the next metro over. Two snags. My l…
Three offering documents in front of me, all restated since last summer when the incentive was made permanent under P.L. 119-21. In all three, the language about winding up got lo…
I got a number back from a construction manager on a small two-unit I'm circling. Fourteen percent of hard cost to run scope, bids, draws, and inspections, with me signing checks…
I'm pricing out the operating side of a small independent, roughly 30 rooms, before I go any further on the numbers. Someone told me the property management system for a place tha…
A partner in an 88-key extended stay wanted out badly enough to sell into a market of one. The units had been marked by the sponsor at $300k. I paid $186k, in cash, with the spons…
Trying to make an apples to apples comparison and I don't think I can. On the portal: a five year multifamily equity deal, 11% target IRR, 1.5x equity multiple, distributions star…
The number everybody quotes for timberland is a standard deviation around 6.9 percent against almost 16 for the S&P, with long-run annualized returns near 10.7 since the index sta…
Everything is new here so forgive the level of this. I looked at two of these. One said $2,500 minimum and asked nothing about my income. The other had a form asking me to certify…
Framing job last week, one of the guys says he put 30k into a private REIT through some platform and he can't get it out for two years. He said it like it was a good thing. I've b…
Detached 480 sf one bedroom, prefab shell set on a slab in my backyard, finished last fall. Renting at $1,595. Total spend $131,400 including site work, utility runs, permits, and…
I called my insurance agent to ask what happens when the backyard unit is done and she said the current homeowners policy won't cover a rented second dwelling, that we'd need to r…
I've been trying to work out where I fit on the service side and this landed in my lap. An owner with a six room house had five people move out in the same two weeks (student cale…
Small town market, two-unit frame building, asking 145k. Both sides are 2/1, in-place rents are 700 each and I think market is closer to 750. With 3.5 percent down I'm financing a…
I've been reading listings in two directions for about a month and they lead to completely different lives. Direction one is a small multifamily, duplex or triplex, where I take a…
This is the first thing I ever did with real money and it went to zero, so here it is in plain terms in case someone else is looking at the same kind of offer. What it was. A grou…
I've been screening industrial because the net lease pitch makes sense to me as defensive income, and I can't find anything to actually buy. Every well-located modern logistics as…
Two 200 plus unit decks on my desk, both Sun Belt, both value-add, both claiming the supply pipeline in their submarket contracts hard through 2027. Nearly identical entry cap. Th…
My three parks run 42, 39 and 67 lots, all within about 90 minutes of each other. For two years I used an onsite resident manager at each, paid in a lot rent credit plus a small m…
Not doing a deal. Somebody in a local group shared an anonymized wrap note and deed of trust package as a teaching example and I've been going through it clause by clause, which i…
I'm looking at a wrap as the buyer, and the construction habit is making me ask the wrong-sounding questions. If the seller's mortgage stays in place, whose name is on the deed af…