Two years ago my REIT holdings were a yield screen. I owned whatever paid over 6 percent, which in practice meant a lot of older retail, a couple of net lease names with thin cove…
I've been reading two offering models side by side for a week and the thing that keeps stopping me is the terminal value. Deal one: 200 units, entry cap 5.1, exit cap 5.25 at the…
I've been building a spreadsheet to compare offerings across platforms and it's gotten out of hand, because the headline number is the only thing that's comparable and it's the le…
Two multifamily deals I've been watching on one of the bigger portals both have the same gray banner across the invest button: accredited investors only. My service business incom…
A listing came through this week at 289k asking, and the same street rents at about 2,050 for a comparable three bedroom. That's 0.71 percent of price in monthly rent. Twelve year…
Spent the weekend in the advisory agreement and the repurchase plan for a NAV REIT rather than the fact sheet, which is where the fact sheet doesn't want you. The performance part…
I want the numbers on the fee side before I go further. Say I put in $50,000. What comes off the top before a dollar reaches a building, and what comes off every year after that.…
My crew does light framing and finish work and over the last two years we've been pulled into ADU work as a sub on detached builds. I've got two running right now for the same GC…
Detached 700 sq ft going behind the house, plans are close to done. The electrician priced a second electric service and meter at about $9,000 including the trench and a new subpa…
Notes and paper have had me confused for a few months now, so of course the first live thing in front of me is a note problem. 60 acres, seller wants $240,000, which is $4,000 an…
Contract out at $280,000 on 80 acres, so $3,500 an acre. Zoning is 5 acre minimum. After a road corridor and one unbuildable low area I get 14 lots. Comps on finished 5 acre lots…
I'm five months into learning this and somehow I'm the one with a signed LOI, so please tell me where I'm wrong. 60-lot park, 54 occupied, all tenant-owned homes except one the pr…
Been calling around about who actually manages these things for owners, partly because I'm curious whether there's a service business hiding in here. A regional firm quoted me 6%…
I spend most of my time thinking about who's on the other side of these loans, and house hacking looks like the one owner-occupied product where the borrower's ability to pay depe…
Bought a 1960s triplex in a first ring suburb for $520k with FHA at 3.5 percent down, so $18,200 down and about $12,000 in closing costs and prepaids. PITI with the mortgage insur…
I've spent so long weighing options that I'm now weighing the wrapper instead of the deal, which is its own problem. Two versions I can actually execute. One, the IRA buys a modes…
Six months of looking and this is the first thing I've written an LOI on, so tell me what I've got wrong. Secondary midwest city, edge of a downtown that's had two zoning changes…
Reading a lease pack on a corner building, five apartments over two storefronts. The commercial lease says the tenant pays its proportionate share of taxes, insurance, and utiliti…
I bought this parcel in 2016 because it was cheap and sat on a highway just past the edge of town. Held it, paid the taxes, mowed it twice a year, did nothing with it. Nine years…
Somebody I do work for is selling 78 acres about two hours from me and offered it to me before it lists. Asking $6,100 an acre, so roughly $476,000. I run a service business, five…