Been chewing on this since a broker sent me two things in the same week and they're basically opposite bets. One is a fractional interest in an operating facility in an establishe…
I'm mostly looking at land and holding patterns, but a listing in a small town described itself as a rooming house with 9 sleeping rooms and 21 residents on the license. That conf…
Working out what a first parking deal actually costs to run and the payment system is the line I can't pin down. Small lot, 40 spaces, mix of hourly daytime and a handful of month…
I own a service business and I'm after income that doesn't become a second company to manage. Two 25-ish lot parks in my area came up, both around $700k, lot rent in the $270 rang…
First time looking at this asset class and I'm reading a private offering for a fund buying parks in three states. I don't have operating experience so I'm bringing the numbers an…
An 18-unit brick walk-up in a first ring suburb, 1.42M asking, 21 striped spaces in the rear lot and a lender who wanted at least one space per unit for the loan to work as quoted…
Third split I've worked on and I still handle the sales the same way, which is to say I list them with a local agent and pay the commission out of each closing. On a nine lot proj…
Ran the numbers on a house I'd actually buy and the result has been sitting on my desk for a week. Small three bedroom in an older part of town, $315k, 5% down, payment with taxes…
I said duplex and rental income on the phone and got back a quote for a landlord policy, which confused me because I'm living in the other side. When I said that, the agent said w…
Small center I own, 22,400 sf, six bays. The largest is 12,000 sf and the soft goods tenant in it goes month to month in March at $8.25 net. They've told me they're done. Inline s…
Underwriting is my day job and conventional apartments have been my lane for years. First 55-plus deal came across and half my template doesn't apply, so I'm going to ask the begi…
Our 88-unit age-restricted rental has residents aging into needing a little help, and we're losing them to an assisted living 20 minutes away at roughly double the monthly. The pi…
The listing was a 9,200 sf single story office on 1.4 acres in an inner suburb, built 1978, three tenants, asking $760k. I looked at it because of the land, not the leases. The pa…
I've got capital sitting and I've been circling self-storage because everyone describes it as the low-hassle option. But I don't know how to tell a good facility from a bad one wh…
I'm reading a package on a 240-unit facility. The first page says 93% occupied. Then the rent roll shows a bunch of units at $49 when the website advertises $89 for the same size,…
I split 61 acres into five lots after plat approval, put in a gravel access drive and one culvert, and sold three of them on my own paper over about fourteen months. 78k, 84k and…
This was my first park and I went in expecting to be busy. Land is what I know, so the appeal was obvious: I own the dirt, the roads, the water lines, and the residents own their…
I've been pricing out the back office side of a small park before I get any further. Lot rent collection on 30 lots doesn't sound like much, a bank deposit and a spreadsheet. But…
First rental is close and it might be a three room house rather than the duplex I started looking at, so I've been rewriting my screening criteria and the income rule breaks immed…
Four homes in and I have hit the thing everyone warns about. My second house is my best performer and my third is dragging because the manager there is stretched. Adding a fifth 6…