Seller wants a written promise I refinance within 24 months
FHA loan, $265k balance at 3.25%, payment $1,870 with taxes and insurance. Seller is relocating and her loan officer is counting that full payment against her debt-to-income, so s…
All 132 real estate strategies.Every room answered.
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FHA loan, $265k balance at 3.25%, payment $1,870 with taxes and insurance. Seller is relocating and her loan officer is counting that full payment against her debt-to-income, so s…
This was my first attempt at anything creative and I want to write down where it fell apart while I still remember the order. Seller was an older man, loan at 3.25%, balance about…
I've been reading in this room and in the capital section, and the phrase that keeps coming up is that seller financing is taking off because rates are high. Makes sense on paper.…
Closed last week on a carry I've been building for two months and I already have a problem I didn't write into the note. The deal: 3/2, 1,450 square feet, full gut, sold at 312k.…
Looking at a small 6,000 sf urgent care building, asking $2.4m. The broker's flyer says NNN lease, and I thought that meant the tenant pays everything and I basically just collect…
Writing this for people at the stage I was at, so I'll define things as I go. LP means limited partner. You give a sponsor money, they buy and run the building, you get a share of…
I wanted the version of this that just works. Aging population, supply growth at a two-decade low, occupancy heading toward records. That's about as clean a story as I've found in…
Small portfolio, sold a duplex in a rough spot last year, gain about $76k. I'd decided to put it in a QOF and I had one picked out, decent multi-asset fund, $50k minimum, I was go…
The clause I got stuck on last night says the tenant operating company "shall maintain all licenses and approvals required for the permitted use," and then five pages later says t…
I'm reading the paperwork on a licensed 6-bed home before I get too far in. The residents sign a "residency agreement," 30 days termination either side, and there's a separate rat…
I've spent most of my time on dirt, so this is me stepping sideways into something I only half understand. Seller owns two adjoining buildings on two separate tax parcels. The 9-u…
64,000 sf, four stories, built 1998, an inner ring suburb with a real amenity base within walking distance. Seller had a loan coming due and had already agreed with the lender to…
An owner I've been sitting with has two proposals on the same 210-space surface lot in a courthouse and office district, and they are not remotely the same deal. Proposal one is a…
The seller's agent said the house had "always been a rooming house." It had. Six rooms, all occupied, papers going back to the eighties. What nobody said, and what I never asked i…
PPM landed Friday and I have until the 19th to fund or pass. 184 units, 1986 vintage, secondary southeast market, $23.4m purchase plus $2.1m capex and closing, $6.9m equity raise,…
The deck for a 180 unit deal I'm looking at says "8% preferred return, then 70/30 split." A friend who owns bonds told me the pref works like a coupon, so I'd get 8 percent a year…
Working through a structure I've read about in a couple of places and don't fully follow. A building with 4,000 sf of ground-floor retail and twelve apartments above gets condomin…
County seat town, population about 6,800, one stoplight downtown that still has traffic. Two-story brick corner building, ground floor 3,600 sf split into a 1,200 sf insurance age…
Looking at a select service property where the P&L looks clean until you get to the segmentation report. Two crew contracts, both energy sector, are 41% of room nights at a negoti…
Small town, two hours from anything, single-story L-shaped motel, 14 units, all with exterior doors onto the parking lot. Seller is 74 and wants out, asking $410k, says he'd take…