Working through a structure before I commit to it. Underlying is a 30-year fixed at 3.75 with about 312k left and roughly 26 years to run, payment 1,640 plus escrow. Plan is to se…
I put $75k into a private fund that made short term bridge loans on apartment complexes, mostly 100 to 300 unit value-add deals. The pitch was that we sit ahead of the equity, fir…
I got forwarded a deck for a 90 unit in Greenville from someone in an investing group I lurk in. 50k minimum, 7 percent preferred return, five to seven year hold. When I asked the…
I've got two live offers on a 40 acre parcel I've held about nine years, no debt on it, listed at 265k. Buyer A puts 20% down, 8.25%, amortized on 25 with a 7 year balloon, and hi…
Coming into this from a completely different career, so the insurance vocabulary is where I'm getting tangled. I read that a landlord policy includes "loss of rent" coverage and I…
1958 ranch, 1,240 sq ft, three bed one and a half bath, bought at 152,000 as a keeper rental. Budget was 42,000. I'm at 61,000 with the kitchen not installed. Where it went: cast…
I have roughly $620k earmarked for a land allocation and two live options that behave nothing alike. Option one is direct. Around 70 tillable acres in a single county, priced near…
Seller had a 5 bed 2 bath, about 2,300 square feet, ten minutes from a commuter rail stop in a mid size metro. Listed at $287k. His whole pitch was a one page sheet showing five r…
Nothing under contract yet, still reading. The plan is a triplex where I live in one unit and rent the other two, because that's the version of this that gets me residential finan…
Two owners I have been talking to this month landed on opposite answers to the same question, and I cannot decide which one I would follow. Both have small mixed-use buildings, ap…
I mostly do land and zoning so office vocabulary is new to me. Two things I can't line up. Every market report I read says prime office is tightening while everything else struggl…
I hold land and wait, so office is off my map. This one landed anyway and I've spent three weeks on it instead of the pasture I was supposed to be looking at. The asset: 78,000 sq…
I wanted the boring version and I got an expensive lesson in what a rent roll actually is. 60 lots on paper. The broker's package showed 54 occupied at $315, so about $204k of gro…
60-lot park, in-place lot rent $265, the broker's "market rent" is $425, and the model walks it there over 24 months in two steps. Everything else in the deck is flat. I'm buildin…
Working a 240 unit in a submarket with two lease-ups within a mile. Asking rents on the rent roll average 1,650. Effective is closer to 1,512 once I back out concessions, which th…
We're a six person crew doing interior renovations. Until last year the biggest thing we'd touched was an 18 unit where we did all of them over eight months. This one was differen…
I've been sitting on 1031 proceeds and the clock is doing what clocks do. Two industrial deals in the same metro, roughly the same check. Deal A. 40,000 sf light manufacturing bui…
I went into this looking for the version of commercial real estate where I collect a check and don't get a call. Everything I read said industrial leases are net, meaning the tena…
I've been going through notes and paper mostly, so this is my first look at a student housing offering, and the sponsor sent a 40 page deck where enrollment gets exactly one chart…
I've got a 64 bed value-add under review at a regional public school in a rural county. Current enrollment is roughly flat over five years, first-year headcount actually ticked up…