Bought a triplex that was legally a duplex. 41k to find out.
This closed a bit over two years ago and I sold it in the fall, so I can write it down without flinching now. Building was a 1920s two-story in an older streetcar neighborhood, ma…
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 passive rooms
This closed a bit over two years ago and I sold it in the fall, so I can write it down without flinching now. Building was a 1920s two-story in an older streetcar neighborhood, ma…
Fourplex, asking $720k. Seller's broker hands me a package showing $52k NOI and calls it a 7.2 cap, then points at 5-plus sales in the same submarket trading at 6.5 to justify the…
Reading a lease option package for someone else this week and the option contract is clean, well drafted, separate from the lease exactly like people here keep saying it should be…
I have been shadowing leasing at a by-the-bed property to learn the service side, and the paperwork question I did not expect to be a live argument is who the lease binds. Three v…
I do land and long holds, so this is off my usual path, and that's exactly why I want other eyes on it. A regional auto parts operator with 31 stores across two states approached…
Working through a couple of sale-leasebacks that came out of an operator refinancing after an acquisition. In both, the seller-tenant chose the rent, which sets the cap, which set…
Closed on a 54 site park last spring, 38 seasonal sites and 16 nightly. The seller's package showed 38 signed seasonal agreements at 3,200 for the season, which is roughly 122k of…
Bought this two years ago as the boring end of a portfolio that's otherwise flips and a small BRRRR stack. Loblolly plantation, planted in a good year, 310 acres of which about 28…
We manage a 130-unit 55-plus community, twelve years old, sitting at 95 percent. Full-time lifestyle director costs the property about $71,000 loaded. Owner pulled the activity ca…
Closed August of the year before last, sold this past spring, out about 118k including closing costs on both ends. First facility I ever bought and I'd read everything twice, whic…
27 acres, six lots, preliminary plat conditioned on access. County will take either a shared private drive built to their gravel standard with a turnaround, or a dedicated paved r…
Everything I own is small residential, so this is new. The building is 12,000 sf split into three bays, and the lender's term sheet says a Phase I environmental site assessment is…
48,000 sf single tenant industrial, 28 foot clear, built 2006, tenant is a third party logistics operator with 6 years remaining. Asking $3.35M, NOI $231,000, 6.9 percent cap. I g…
I closed on a 30 site park last fall, my first one outside of houses. There is a flat cleared area at the back, about 2.4 acres, that already has a gravel loop on it from a previo…
Under contract on a 28 site park, currently run on a wall calendar and a cordless phone. I priced software and got wildly different answers. One platform quoted me a percentage of…
20 acres, asking $14,500, absentee owner who inherited it and lives four states away. The county parcel viewer shows no road frontage. There's a dirt two-track cutting across the…
Package came from an operator who's been flipping recreational parcels for about six years and wants capital back to buy more. Nine performing notes, total unpaid balance $191,700…
Every article on seller-financed land seems to use different words for what looks like the same arrangement. Land contract, contract for deed, installment sale, and then some peop…
An operator I've been talking to sent me the template he uses for his owner-financed land sales so I could see how the deal works before I put money anywhere near it. I read docum…
Closed this in early 2023 and it's finally running the way it was drawn, so here's what actually happened. The land: 60 acres, mixed timber and pasture, two miles off a state rout…