every post in the forum, newest first
I started scouting to meet the people I eventually want to place money with, and I kept records the whole way because I wasn't sure the activity paid for itself. Seven months late…
Consider an investor holding a position in a public non-traded REIT for several years. The sponsor files a change in the independent valuation advisor engaged to review the monthl…
Consider a limited partner who commits $50,000 to a self-storage syndication after reviewing a deck listing five prior deals, all full cycle, all between 1.7x and 2.2x equity, and…
On a typical structure with a 2% acquisition fee on a $14M purchase, a 1.5% annual asset management fee, and a 1% disposition fee at sale, the acquisition fee is usually paid at c…
On a direct IRA purchase, the purchase contract gets signed by the custodian as trustee for the benefit of the IRA, and the account holder signs a direction letter directing the p…
A useful way to check understanding of debt-financed income inside a self-directed IRA before bringing it to a CPA is to lay out the mechanics in plain language first. What genera…
A double close breaks when the C buyer's permanent lender requires a seasoning period, commonly around 90 days of recorded ownership, before it will lend. The B to C leg then cann…
A representative term sheet from a transactional funder: funded amount 214,000, flat fee 4,200, advance wired the morning of closing, repaid from the resale at 249,000 the same af…
A 66 lot park makes a clean illustration of why the sources and uses matters more than the deck. Tenant owned homes on all but four lots, master metered water with a submeter conv…
A number of states require a park owner to send residents a statutory notice before a sale closes, giving them a window, commonly around 45 days from notice, to organize and make…
Two patterns show up consistently in transaction coordinator engagement letters. The first caps the coordinator's liability at the fee paid, disclaims responsibility for missed de…
Someone told me that if a VA cold calls a homeowner and starts talking about what I'd pay, that's unlicensed brokerage and I'm the one in trouble. I'm not sure if that's true or i…
I'm reading through service businesses in real estate and this one confuses me more than the others. The agency doesn't own anything and doesn't do the work. They find a person, t…
I've been looking at how people get into TC work and there seem to be two doors. Door one is take an in-house role, salaried or hourly, coordinating for one brokerage or one team.…
My first purchase is close, and I've started mapping where rungs two and three would come from. Two ways to plan it and they lead to completely different portfolios. Tight radius.…
I've been doing this backwards. I bought a list subscription before I understood the word. When people here say off-market, sometimes they seem to mean a house that was never list…
I pulled my first list this week and I'm sitting on it instead of using it, which I suspect is the actual problem. One county, single family, 3 bed or more. Filters I stacked: own…
Trying to work out the monthly bill before I commit to anything. I see probate lead services from about 40 dollars a month up to a few hundred and I can't tell what separates the…
I pulled 40 filings from my county's probate court records last week, the ones where real property showed up in the inventory, and I've got names and mailing addresses for the per…
On non-financed entity purchases, the residential real estate reporting rule assigns reporting obligations through a cascade, and in practice every party at the closing table tend…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
