Only the meals pencil, and the kitchen isn't a commercial kitchen
Small mill town, population under 4,000, two hours from anything. A former nurses' residence, 8 rooms, one shared bath per floor, big commercial-ish kitchen from the 1970s that ha…
All 132 real estate strategies.Every room answered.
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every post in the passive rooms
Small mill town, population under 4,000, two hours from anything. A former nurses' residence, 8 rooms, one shared bath per floor, big commercial-ish kitchen from the 1970s that ha…
Running six rooms under a city rooming house license. Individual room leases, month to month, shared kitchen and two baths, I provide weekly common area cleaning and linens on req…
This comes up in my inbox more than anything else, so putting it to the room. Somebody wants to do their first two or three lot split. Their home county has a subdivision ordinanc…
I'm building out the admin side of a small service business and sub-to keeps coming up with the investors I talk to. The piece they disagree on hardest isn't the deed or the equit…
Closing out a position I should never have taken, so here is the arithmetic. 168 beds off campus at a mid-tier private university, $18.9m purchase, about $112k a bed. Raise was $6…
Under contract at $1.03m on a 46-lot park, 35 occupied, lot rent $340, city water and sewer, all pads served and metered. The 11 empty pads are the entire reason the price works.…
Two offerings on the same portal, both multifamily, both roughly four to five year holds, and the distribution structure is the only thing I can't reason my way through. One pays…
I'm reading the lease summary on a dollar store building, 9,100 square feet, and the listing says NNN in big letters. Then page three of the abstract says landlord is responsible…
Under contract review right now and I keep circling the same clause. The asset: 9,100 square foot single tenant discount retail box, small upper midwest town, population around 6,…
Reading a guarantee form on a 12 month August-to-July lease. The student is a sophomore and the parent signs as guarantor for the full term. If the student transfers in December,…
Posting this because the failure was in the research step and it's the cheapest step to do properly. 2019, I bought a 2-unit property, each unit 3 bed 1 bath, four blocks from a p…
Reviewing a $34M multifamily acquisition. $11.5M of LP equity, bridge debt at SOFR plus 340 with a rate cap that expires in 14 months, interest-only, two 12-month extension option…
I've spent most of my reading on the debt side because I like the idea of being the one who gets paid first. Now I'm looking at a $50k LP slot in a 96-unit deal and I'll admit I d…
Self-managing has been fine at two units and it's getting sloppy at four. Rent comes in three different ways, my repair receipts live in a photo album, and I did a lease renewal f…
I have read this room for months and mostly kept my questions to myself, but I have a building under contract and the numbers have a hole in them I cannot close. Fourplex, 1962, 5…
Two offering documents in front of me. One is a public non-traded REIT: registered with the SEC, audited annual financials, quarterly filings, $2,500 minimum, monthly subscription…
I'm studying for the license and medical office keeps coming up as the safe corner of a sector that otherwise got hammered. The reasoning I hear is that a clinic can't work from h…
I ran this three ways this month because a client keeps insisting the answer is obvious and I don't think it is. Start with 1.5M of equity and no strong view on rates. A. One 1.5M…
The term sheet on a rehab-to-rent loan I'm looking at has a line saying builder's risk binder required prior to first draw, naming the lender as mortgagee. I thought a landlord po…
Trying to get my head around the R that everyone talks about. Every write up I read describes buying at 70% of value minus rehab, then refinancing and getting all your cash back s…