I've been pricing two paths to roughly the same 40 site outcome and I don't trust that they're converging. Path one, buy. Small operating parks in the corridor I'm watching trade…
Cabin is $140k, three bedrooms, gravel road, about 20 minutes from a state park entrance in an unincorporated part of the county. I called the planning office to ask what the perm…
I'm working out a furnishing number for a three bedroom and the quotes I've collected are wildly far apart depending on who I ask. The $8k version is warehouse store and marketpla…
Bought a 1,340 square foot 3/2 four years ago at 168k on 1.1 acres at the edge of a town that has since grown toward it. Rent then was 1,340, rent now is 1,595. Unlevered yield at…
Two properties, 190 and 155 units, both marketed as independent living lite. Age-restricted, no personal care, but with a package that included scheduled transport, a concierge de…
I'm circling a fourplex and trying to figure out the running costs that aren't the mortgage. Every video I watch has someone pushing a property management app. My spreadsheet alre…
I've managed this building for six years. Four units, 1970s brick, two-bed each, one shared boiler replaced in 2019, separate electric, one water meter. Owner is 78 and wants out…
I run small multifamily and every unit has taught me something, mostly about shared systems. Now I'm looking at a detached house for the first time and I want to know which of my…
Under contract inspection period on a 1958 ranch, 3/1, 1,180 square feet, on 0.92 acres in an older part of town where the newer stuff nearby is on quarter acre lots. Price is 205…
I follow small markets where houses trade in the low six figures and half the commercial stock is a single story block building on a state highway. When the One Big Beautiful Bill…
I manage 40-odd doors of plain long-term rentals and my fee is 8% of collected rent plus one month leasing fee when a new tenant signs. That structure falls apart the second a uni…
Running the numbers on a unit I've been modeling. Unfurnished market rent about $1,600. Furnished mid-term comps in the same building sit around $2,300, so a $700 premium. On pape…
Building is about 6,200 sf. Two storefronts on the ground floor, roughly 1,500 sf each, four apartments over them. The listing calls it mixed-use and the broker keeps saying the a…
Under contract at $1.15M on a corner building in a walkable inner-ring suburb, closing in five weeks if I don't kill it. Six one-bedrooms upstairs, all leased, average $1,050 and…
A broker sent me 240 tillable acres in a corn and soy county at $8,400 an acre. That's a long way above the USDA average cropland number around $5,830, and the seller's case for i…
A listing agent in Iowa sent me a 78 acre tillable parcel and the sheet says "cash rent $285/acre, tenant in place." Then a farmer I talked to at the co-op said cash rent is for a…
Reading a sponsor's reserve policy and it says three months of debt service plus the lender's FF&E escrow at 4% of gross. That struck me as thin, so I went looking for what thick…
I'm building out management services and the fee structure question keeps coming back at me from both sides of the table. In this size range, five to twenty, the two common shapes…
Bought a 4 bed to flip, ARV penciled at $320,000 going in. Two appraisals during the reno came in at $293,000 and $297,000, and I'm all-in at $271,000 including a $19,000 overrun…
Building a service business helping owners set these up and I want to know where the structure breaks before I put my name on it. The version I keep seeing pitched: 60-month term,…