every post in the forum, newest first
The pitch for transactional funding rests on the end buyer's money being committed before the advance goes out. Committed is not the same as received. If that final wire does not…
I've been putting a slice of idle cash to work on the funding side of double closes for about three quarters now, and last quarter was the first one clean enough to be worth writi…
A useful case for anyone weighing a co-hosted short-term conversion against a long-term lease. Take a two bedroom condo rented long term for three years at $1,650, walkable to a h…
Eleven listings under management at 18% of net rental revenue. Portfolio does about $1.1M in bookings, so the fee line is roughly $198k. One owner holds four of those units, about…
I've been running the same exercise on suburban office the way I'd run it on raw land, and it keeps failing in a way land never does. The building I keep coming back to is a 1987…
Here is a scenario worth working through, because it sits right on the line between a land play and an operating asset. A 1970s two-story office building in a small city downtown,…
Take a rural county, population under 20,000, where the development authority has an abatement package and a tenant prospect wanting 80,000 square feet on a rail spur running past…
Offer on the table is 40 seats at $1,900 for a six week thing, recorded plus live calls, I keep 70% of gross and they handle the selling. Roughly $53k to me if it fills. My margin…
Say a lease abstract for a 4,800 sf suite in a two story medical outpatient building reads guaranteed by health system parent, and the actual guaranty document tells a different s…
Take two off campus medical office buildings priced close enough that the spread has to come from credit rather than rent. Building A: 9,200 sf single tenant, orthopedic group, fo…
Working through a sponsor's model on a 165,000 sf mid-block office going to 190 apartments, and the exit assumption is doing more work than anything else in the file. The base cas…
The accessory dwelling unit strategy has a way of making sense only once a person stands inside one. Picture a backyard barbecue where about halfway through the host points at the…
This one is worth laying out, because the title problem in the middle is what decides it. The lead is a 1,400 square foot ranch, owner two years into a divorce and five payments b…
I'm working toward the service side of this business and reading about REO in the meantime, and two things keep tripping me up. First, do I need a real estate license to buy a for…
The pitch was 11 agents, a recognizable local name, and a founder who'd been in the business 14 years. I looked at agent count and closings and thought I understood the business.…
I run thin and fast, mostly my own listings and a few buyers, and the money I make is the money I close. So the broker owner idea only makes sense to me if I keep producing while…
Note and loan sale material is full of office paper right now, and that is where the discounts sit. Sub-performing loans, maturity defaults, sellers who have already written the a…
Budgeting drone documentation for a six-story build over a 14 month schedule raises two questions that do not always get a straight answer from pilots. A typical quote structure i…
A numbers-first look at a small aerial spend that worked, worth writing down. Take a six acre parcel with a creek along the back third and a stand of hardwoods invisible from the…
I closed on a 9,600 square foot single tenant retail box last year, a discount general merchandise user, small town, corporate lease with seven years left. Rent $170,400. I paid a…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
