Priced out the paperwork on a sub2, am I missing line items?
Before I go looking at houses I want to know what the closing itself costs, because the courses all talk about buying with no money down and then never mention the desk fees. What…
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Before I go looking at houses I want to know what the closing itself costs, because the courses all talk about buying with no money down and then never mention the desk fees. What…
A woman down the road from my first rental is moving in with her daughter out of state. Her loan is at 3.5%, balance around $214k, payment $1,610 with taxes and insurance escrowed…
Same sponsor, two offers, and I have to choose one. Single asset: 148 units, 1980s vintage, suburban, under contract, five year agency loan, I get the rent roll, the T12, the insp…
I manage about forty doors, a decent slice of them owned by people running the buy-rehab-rent-refinance loop, and the rehab specs come in two flavors. One group does the cosmetic…
Small town, population about 4,000, an hour from anything. Three bed one bath, 1,080 square feet, bought at 61k off a probate that had been listed and expired twice. Rehab budget…
I'm four deals into small commercial and looking at parking for the first time, and the thing I can't settle is what kind of demand I actually want underneath a lot. Every listing…
48 acres, ordinance supports 9 lots without a public road if I use the existing frontage and one easement, and the frontage is the constraint on how fast this moves. Comparable lo…
Working up a valuation on an 11-unit I've been asked to list, and the gap between the rent roll and the bank statements is bigger than anything I've seen. Rent roll says 9,100 a m…
I'm looking at a plain four bedroom house eight blocks off a mid-size state school and the two comps on the street are doing opposite things. One is furnished, beds and desks in e…
The thing that attracts me to timber is the ability to not cut when stumpage is bad. That's the option I'm actually buying. But at roughly 400k I can't get a meaningful direct tra…
Sitting with a PPM for a closed-end timberland fund, ten year term with two one-year extensions, and running it against the 400-odd acre direct purchase I've been working on. Tryi…
I've been reading the supply side for a while, mostly because I wanted to know when land in these submarkets stops competing with new apartment deliveries. The read most people se…
Working through a 148 unit 1996 vintage deal in a Sun Belt submarket that's about 30 percent through its supply overhang. Price 21.6 million, 145,000 a door, in-place NOI 1.19 mil…
188 units, 2006 vintage, secondary Sun Belt market with a hospital and a university anchoring it. Basis $24.6M, $131k a unit against a replacement cost the appraiser put at $203k.…
I took a management and leasing assignment on a 23,800 sf unanchored strip in a second-ring suburb. Nine tenants, no anchor, built in two phases. Fee was 4% of collected rent, aro…
I run small multifamily and I've done this four times now. The first two were low-rate era and returned essentially everything. Number three returned about 80%. This one gave me b…
Four small houses, all rehabbed and leased, and I'm at the point where the refinance step is the whole bottleneck. Two of them are still sitting on bridge money. Combined appraise…
What pulled me toward industrial in the first place was reading that leases here run long and net, meaning the tenant carries taxes, insurance, and maintenance, and I collect a ch…
Numbers on the building I'm circling. Asking $520,000, four two-bedroom units, three occupied at $1,250 and one vacant that I'd take. FHA at 3.5 percent puts about $18,200 down an…
First time trying this so bear with me. I found a fourplex at 519k, four two-bedroom units, currently rented at 1,100, 1,125, 1,100 and 1,050. I was going to do FHA at 3.5 percent…