A newer investor asked me to look at a sub-to he was offered, and I couldn't decide what to tell him, so I'll put it to the room. The case for doing it early: the deal doesn't nee…
Closed and done, so this is the postmortem. 74-key hotel in a beach town, three blocks off the water, no meeting space, heavy leisure. $180k into an LP raise of $6.4M against a $1…
I'm building the screening file I'd use if I ever offered a rent-to-own on the house I'm about to close on, and the standard tenant screen doesn't answer the question I actually h…
Running a service business means my income already moves with the market. When a slow quarter hits, the last thing I want is to open an app and watch a REIT ticker down 14% on the…
I'm brand new to this, so please assume I know nothing. Someone at a meetup pitched me on a 3 bed house he'd sell me at 240,000 already set up for room rental. Furnished, tenants…
I spend most of my time on the lending side, so I'm used to looking at these from the other end of the table. A seller near me has a house already operating as four rented rooms a…
I've been doing diligence on medical outpatient buildings for about a year and I keep landing on the same fork, so I want to see how the room splits. Quick definition for anyone n…
Sitting with a 9,400 sf building, two suites, one of them a former imaging tenant that left behind lead-lined walls, a reinforced slab section and a 400 amp service. Seller is pri…
I'm setting up a rent-to-own on a small house as the buyer and the owner has left the term open for me to propose. My credit needs about eighteen months of clean payments and a bi…
I've read the section on income valuation twice and I think I finally understand why these two buildings are asking the same number. Both are 5 units, same small city, about a mil…
Sold a duplex last year and I've been sitting on the proceeds looking for the boring thing that holds up. Timberland keeps coming up because of the return profile everyone cites,…
I run the management side and one of my owners, single house, 3/2, was about to leave in January. His complaint was fair. His house had sat empty 51 days on the previous turn and…
Trying to get the two paths straight in my head before I spend money on either. Path one is public shares in a timber company or a fund that holds forestland. You can buy a hundre…
An owner with four by-room houses wants to move over to me, and my team mostly handles single family and small multi. 21 rooms total. My standard is 9% of collected rent plus a le…
Sitting on a four-bedroom in an HOA neighborhood that pencils well if I can rent rooms and doesn't pencil at all as a single lease. My agent's answer was "people do it around here…
I have six units across three small buildings, all unfurnished long-term until this one. A regional office about a mile from one of my buildings announced they were adding staff,…
Six months in, no deals, working on that. I've narrowed to two candidate markets for a first nightly rental and they fail in opposite directions. Market A is a mountain town, real…
Two bed cabin, listed as turnkey furnished and currently operating nightly. Seller wants the real property at his asking price and then $18k on a separate bill of sale for the fur…
Working through the capital recycling math on the owner-finance model and the numbers stop making sense to me. Say basis is $28,000 all in on 40 acres. I sell at $68,000 with $6,0…
Bought six parcels in one county over eight months, all 20 to 40 acres, average basis around $2,050 an acre. Three sold inside 60 days at $3,400 an acre, which is what set my pric…