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…
I am underwriting a 10-bed conversion and the exit assumption is doing more work than anything else in the model, so I want to see how this room handles it. Version A, real estate…
Re-underwriting three room-rented houses for a partner and the reserve line is the softest number in every one of them. I can defend rent, I can defend taxes and insurance within…
Under contract on 70 acres in a cheap rural county, 46 acres of it in an old navel citrus block, remainder pasture and a shed. Contract price 392k, which is 5,600 an acre and rich…
Eleven units across four small buildings, all self managed, all bought under 2021. I have $75k that isn't earmarked and for the first time I'm looking at LP positions instead of a…
The deck reached me through someone from my old industry and I have until the 19th to fund or pass. LP minimum is 75k, which is most of what I have set aside, so I would rather be…
I'm reading a fund deck for a stabilized 32MW facility in a secondary market. Going-in cap 6.1%, 15 year triple net lease to an investment grade cloud tenant, 2.5% fixed escalator…
I have two student deals on my list that I cannot rank, and the disagreement is real enough that I want to see how this room splits. First is 240 beds, walking distance to a flags…
Two equity offerings in front of me, same asset type, both targeting low teens IRR on a five year hold. First one: sponsor puts in 10% of the equity alongside investors, 2% acquis…
Rural deal, asking $1,340,000, rent $112,500, so roughly 8.4%. Town population about 1,800, the store is the only general merchandise within 20 miles. Lease has 11 years left of a…
This is a small thing next to what usually gets posted here, but it's sitting on my desk this week and I'd rather ask than guess. I own a four unit and a two unit, both ordinary r…
Land plays into industrial income without a building on it, so here's how one went. I bought 6.1 acres of I-2 zoned ground in a secondary market about 4 miles from an interstate i…
Small one, 22 spaces on a corner in a college town, bought it for $140k because it looked like the simplest thing I'd ever own. No roof, no plumbing, no tenants calling at 11pm. I…
I've been running a service business for five years and the retirement side has been on autopilot in index funds the whole time. Now I'm looking at moving part of it into a self-d…
Sponsor has 120 acres under contract at $6,800 an acre, $816,000. Plan is twelve 10 acre lots, and their pro forma puts them at $135,000 a lot, so $1.62 million gross. They're rai…
I've got 14 saved listings and eleven of them use some version of that phrase. One is 30 acres in a 2 acre minimum zone, which the agent described as "up to 15 lots." It has maybe…
I've been reading two write ups on the same kind of asset and the valuation gap is doing my head in. Write up one treats an RV park as hospitality. Revenue per available site nigh…
I want rental income without picking up a second job, and this strategy keeps coming up as the low money version. What I read: you buy with 3.5 percent down as an owner occupant,…
I have 22k saved and a plan I got from reading too much: buy a house with a low down payment loan, live in it a year, rent it, buy the next one. First conversation with a loan off…
Every article about this sector talks in billions and megawatts, and it ranks first for investment demand, so I assumed there was no entry point for someone with a few hundred dol…