Lost the placement over paperwork after $7,600 of furniture
Fourplex, older building, all four units plain long-term. Unit 2 came open in the summer and a corporate housing provider had called me twice over the previous year asking if I ev…
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
Fourplex, older building, all four units plain long-term. Unit 2 came open in the summer and a corporate housing provider had called me twice over the previous year asking if I ev…
Underwriting a small multifamily BRRRR for someone and I've been arguing with myself about one cell for two days. The refinance is nine to twelve months out. Today's quoted DSCR r…
I run grounds and small systems maintenance work, and a 90 site park about two hours from a national forest asked me to bid their whole season, April through October. Mowing, pede…
Looking at a listing for a small park on a state highway about 20 minutes from a lake. The sheet says 40 full hookup sites, 12 pull-through, rest back-in, and then in smaller type…
Trying to figure out where I fit in this business and wraps keep coming up in every conversation I have, so I read the chapter twice and then read a sample note. Here's the piece…
Triplex at $410k, owner-occupied, I'd take unit 1 and the two signed leases on units 2 and 3 are $1,400 each. The appraiser's rent schedule came back at $1,150 market rent per uni…
I've owned three small buildings for about five years and this is the question I get asked most by people buying their first duplex or triplex. My own answer has flipped twice, so…
Writing this up because I referenced it in another thread and people asked. 2022, I had a $120k gain from selling a parcel I'd held five years. Placed the whole thing into a singl…
Two houses in the same submarket right now. One is a 10 room licensed rooming house asking about 90k more than comparable single family stock, license current, inspection file cle…
31,000 sf rear-load box, 28 foot clear, infill submarket about 20 minutes from the port road. I bought it two years ago with 14 months of term left and I've been carrying it half…
My crew has been doing turns and light maintenance for a couple of small landlords for three years. One of those landlords also owns a 12 unit near a regional headquarters, and a…
On furnished corporate units I keep leaving a blank line in the operating expenses for software and services, because I don't know what the real stack is. On long-term rentals it'…
148 units, purpose-built 55-plus, no dining room, no care of any kind. In-place rents average $2,150 and my model runs total operating expenses at 32% of EGI, call it $7,900 a uni…
Deal on my desk is a 2016-built active adult community, 168 units, one and two bedrooms averaging 940 square feet. In-place average rent $2,190, occupancy 95.7 percent, T12 expens…
I renovate for a living so I thought furnishing would be the easy part. Budgeted 8k for a 2 bed 1000 sq ft unit aimed at relocation placements. I'm at 14,200 and still need a seco…
I've been going through the passive-ish options and furnished corporate keeps showing the best spread on paper. In my market a decent 1 bed unfurnished is around $1,250. The furni…
RFP came in for two age-restricted communities under the same ownership, 240 units combined, about nine acres between them. Current vendor is at $11,400 a month and the owner says…
44-lot park, 32 occupied, 12 vacant pads with what the seller says are live water, sewer and electric stubs. Lot rent is $340 and collections look decent on the 32. Dealer quoted…
Getting licensed at the moment, and my first real listing was a 36-lot park a family had owned since 1978. Not my money, so this isn't my win exactly, but I sat inside the whole t…
Working through a decision that seems to split people every time it comes up, and I want to see where this room actually lands. Setup, roughly. Rehab is done, tenant is in, and yo…