All 132 real estate strategies.Every room answered.
Start with a RE category
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every post in the passive rooms
Six months of driving neighborhoods and I've got maybe thirty properties on a spreadsheet. None of them are downtown because I can't make downtown pencil at all. Every corporate f…
Two paths on the same 2 bed. Unfurnished market rent is about 2,150. Furnished corporate direct, I think I can hold 3,400 a month with utilities and internet included, which run m…
I bring numbers and ask what's wrong with them, so here they are. 22 planted acres, established block, seller wants 41,000 an acre all in for land, vines, trellis, and a shared we…
My first rental closes in a few months and I've been reading outside that lane to figure out where the rest of the money eventually goes. Timberland comes up constantly as the thi…
I've got about $600k to place and I'm stuck between two shapes. Three fourplexes at roughly $550k each, 25% down, investor residential terms. Or one twelve-unit at around $1.6m on…
Fourplex under review, mid seventies build, 585k ask, four two-beds at 1,150. My reserve line is the only number in the model I can't defend to myself. The percent-of-gross approa…
I had 120k to place and no interest in watching a ticker. The thing I wanted to know before committing was whether the sponsor's repurchase plan had ever been tested and what happ…
Closing a land parcel sale next month, roughly 240k net after costs, and I'm not replacing it with more dirt this cycle because the entitlement timelines in my county have gotten…
I'm sorting through which parts of this industry I might actually want to be in, and non-traded REITs keep coming up as the passive option. What I don't understand is what I'm act…
Working a 14-unit at 1.62M asking. My underwriting lands NOI at about 96k after a 5 percent management fee and 300 per unit per year in reserves, so roughly a 5.9 going-in cap. Ba…
Seller has a 10-unit brick walkup, all 1BR, in a town of about 4,000 people an hour from anything. Asking 620k, which he's calling an 8 cap off his own NOI of roughly 49.6k. Books…
I've been trying to decide between a small facility and small multifamily, so I asked two owners to log a month for me and I built the comparison out. The 118-unit facility, self-…
Went through an offering package this week for a passive position and started marking up which protections would still mean something if technology company spending pulled back ha…
I buy things I intend to hold for twenty years and this one taught me something I hadn't priced. Two purpose-converted 8-bed homes in the same suburb, bought as a pair, $610k and…
I've got a handful of doors and the cleaning side is the part that keeps breaking. Every cleaner I use is a solo operator, they cancel, and a Saturday cancellation in a market wit…
A client asked me to quote turnover cleaning on a house she hasn't bought yet. When I looked at her numbers, the deal works at 68% occupancy and $240 a night and it does not work…
I'm working through a 12 over 3 in a second-ring streetcar suburb and the way I split the underwriting changes the price by about 18%. Version one: the residential rent roll alone…
I hit the ceiling on my active deals and started underwriting a 12 room house that the current owner runs with two meals a day and weekly room cleaning. His rents are roughly 190…
Quotes I've been looking at on single-tenant retail keep setting up the same conflict, and I want to know how the buyers here resolve it. Take a box with 9 years left on a corpora…
Finished this one out last quarter and it's the most expensive lesson on my list so far. 60k into a private non-traded REIT, Reg D offering through an accredited platform, industr…