All 132 real estate strategies.Every room answered.
Start with a RE category
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Then pick the type of post
every post in the passive rooms
Owner group asked me to review a management agreement before they sign. 480 units, roughly 52,000 net rentable square feet, small metro on the edge of a bigger one. Occupancy 86 p…
An owner I've been talking with has a 42,000 rentable square foot facility, about 310 units, grossing roughly $560k. He's decided he wants out of the day-to-day and asked me to re…
I've been reading offering memos in this space for about eight months without writing a check, and the pattern is getting hard to ignore. A 60 to 120 lot park on city water and se…
A 41,000 sf grocery-anchored center came across my desk this week. Anchor has 8 years left plus four five-year options, base rent $11.75, and the seller volunteered store sales of…
Under contract on a 1,900 sf single family with a detached garage I planned to convert. My underwriting had the converted garage at $1,650 a month based on three comps in the neig…
Detached 780 sq ft, permitted, separately metered, own address, currently leased at $1,850. All in around $190,000 including the site work. Went for a cash-out refinance and the a…
There's a house two streets over from my first rental listed at $130k that needs new roof, kitchen, and floors. My agent thinks $30k of work and says it would appraise around $200…
Numbers first. Duplex, 1950s, bought at 142k with a private loan at 155k total draw (purchase plus first rehab tranche). Rehab came in at 48k against a 43k budget, mostly because…
I said in my intro I was planning the first purchase carefully and this is what carefully turned into. Posting it because most of what I read about this category is people running…
I'm looking at selling the shop building my crew works out of and leasing something cheaper across town. Free and clear, no mortgage. The buyer who's most interested runs a simila…
Closed three weeks ago on 34 acres of raw land I'd sat on for nine years, no debt against it, taxes about 1,400 a year. Price 168k, buyer put 25% down (42k), I carry 126k at 8.5%,…
Scope creep, my own fault. The cabin was a 3/2 sleeping 8. During the reno I framed out a basement room with an egress window, so it's now a legitimate 4th bedroom on the plans, a…
Two underwriting files open and they fail in opposite directions, so I want to see how the room splits. File A is a mature mountain market. I have three years of comp data, 40-plu…
Rural market, interstate exit, 78 keys, seller wants $2.1M which is about $27k a key. Trailing RevPAR $47, occupancy in the high 50s. The property is a 1998 build and the franchis…
A sponsor I've co-invested debt with twice is buying a 120-key full-service hotel out of a lender-driven sale. Purchase $8.9M, so about $74k a key on a property that was built for…
I do fast deals normally. Sixty to ninety days in and out, thin margins, everything I own is either under contract or under construction. So a nine year hold is the strangest thin…
I get the mechanics. Buy raw land, don't improve it, wait, sell for more. What I can't picture is the moment the value arrives. Nobody wakes up and decides the field is worth trip…
I left a warehouse job in March and I have 34k saved. Nothing near me trades under 400k, so every house I can actually buy is in two midwest metros I've never been to, where 3/2 h…
Looking at a 3/2 in a subdivision built maybe eight years ago, about 90 houses, and the price and rent look like they'd work for me on a first rental. Then I pulled the CC&Rs off…
Bought this building six years ago as plain garden-style multifamily in a mid-size sunbelt market. It drifted old on its own. Last count, 27 of 41 households have someone over 60…