Loading the forum

Rena is not an investment adviser. Nothing in this forum is investment, legal, or tax advice.

Terms Privacy Forum rules

FORUMThe Rena Forum

All 132 real estate strategies.Every room answered.

Post something

Search the forum

Start with a RE category

ActiveYou do the work PassiveYou own it, someone else runs it ServiceYou get paid to help CapitalYou put up the money All

Next, pick a strategy

Then pick the type of post

Discussionsomeone asked, the room worked it out From the desk:live deals, numbers on the table Wins & lossesit finished, here is how it went Pollsone click, then see the split Storiesthe tenant, the seller, the sideways closing All

Newest posts

the latest across all 132 rooms, newest first

Newer

WinCrowdfunding (Platform Investor)

The two rules that saved eleven deals over four years

Started with 62k I'd carved out of the service business over a few years and a plan to put it into deal-level real estate without owning anything. Eleven positions across three pl…

angela_burkeServicePRO120 replies

LossJV Capital Provider

Put $60k into a two house JV on a one page term sheet, and $41k came back

I'd been doing service work around real estate for a while and figured I understood the business well enough to fund someone else doing it. I did not understand the paperwork part…

derekj19SB1B24 replies

From the desk:Syndications: GP / Sponsor

Ceiling hit at 11 units. Choosing between syndicating my own 38-unit or riding shotgun on someone else's.

My balance sheet is done. 11 units across four small deals, all cash flowing, all levered as far as any lender will go on my income. The next deal I want is a 38 unit at 4.2M, 198…

samantha_ruizAU4APRO5Answered14 replies

DiscussionSyndications: GP / Sponsor

8% compounding pref then 70/30 to a 15% IRR, when does that promote ever pay

I spend my days on the debt side and I'm now looking at going LP in a deal from a borrower I've financed before, which is a different seat than I'm used to. Numbers: $40M purchase…

sonia_alvarez Get yoursPRO6Answered11 replies

LossParking Lots / Garages

No building means no maintenance, I thought. Year one said otherwise.

Small one, 22 spaces on a corner in a college town, bought it for $140k because it looked like the simplest thing I'd ever own. No roof, no plumbing, no tenants calling at 11pm. I…

24Bbrandonlee36Passive4 replies

WinIndustrial / Warehouse (Passive Hold)

Gravel and fence at $210k turned six acres into a trailer parking ground lease

Land plays into industrial income without a building on it, so here's how one went. I bought 6.1 acres of I-2 zoned ground in a secondary market about 4 miles from an interstate i…

nicole_adeyemiPassivePRO142 replies

WinSelf-Directed IRA (Capital Deployment)

Moved an old 401k over and made one small loan, less exotic than expected

I have wanted the boring version of this for a while. Here is what I did, in beginner terms, because I was the beginner nine months ago. I had 61k sitting in a 401k from a job I l…

tylerbrooks9PassivePRO415 replies

DiscussionReal Estate Attorney

Title company vs closing attorney vs escrow agent, is that three jobs or one?

I've been reading closing documents for fun before I buy anything, and the same transaction seems to describe the same function three ways. The commitment comes from a title insur…

20Ddmitri_v6CapitalPRO76 replies

From the desk:Real Estate Attorney

The neighbor's fence is 11 feet onto my lot, and I have two very different quotes

Bought 6 acres of rural land 14 months ago, planning to split it eventually. Ordered a boundary survey last month because I wanted the split lines drawn properly, and the surveyor…

nicole_adeyemiPassivePRO143 replies

DiscussionTitle Company / Title Services

Does the March 2026 FinCEN rule make us gatekeepers or just reporters?

I read the reporting rule text again this week because our closers keep asking what happens when a buyer entity won't hand over beneficial owner information. The rule is effective…

tonyv88SO4CPRO66 replies

DiscussionProbate Real Estate Investing

The estate wants to close before the creditor window shuts, and title doesn't

Sitting on a signed deal where the personal representative wants to close in three weeks. The claim period for creditors in that state hasn't run out, and the title company came b…

jordan_ellis2ActivePRO94 replies

LossHotels (Capital Deployment)

Distributions stopped in year three and the top line hit 97% of plan

Four assets in the fund. Two leisure-destination properties in a drive-to market, two select service boxes near a mid-size airport. My check was $75k into a $60m equity raise, so…

tylerbrooks9PassivePRO429 replies

DiscussionSyndications: GP / Sponsor

A clawback with no escrow is a promise. Does anyone treat it as more?

Reading a 190-unit value-add LPA this week. The waterfall pays promote on a deal-by-deal distribution basis, meaning the GP takes 20% above an 8% pref as cash flow comes in, and t…

wendy_park48CapitalPRO152 replies

DiscussionSelf-Directed IRA (Real Estate)

How much of the retirement money is too much for one house?

I've been running a service business for five years and the retirement side has been on autopilot in index funds the whole time. Now I'm looking at moving part of it into a self-d…

monica_tran3SF4CPRO114 replies

DiscussionLand Subdivide and Sell

Eleven of my fourteen saved listings say "potential to subdivide"

I've got 14 saved listings and eleven of them use some version of that phrase. One is 30 acres in a 2 acre minimum zone, which the agent described as "up to 15 lots." It has maybe…

devon_pierce Get yoursPRO144 replies

From the desk:Land Subdivide and Sell

Offered $75k of a $900k raise on a 120 acre split, no preliminary approval yet, closing isn't contingent on it

Sponsor has 120 acres under contract at $6,800 an acre, $816,000. Plan is twelve 10 acre lots, and their pro forma puts them at $135,000 a lot, so $1.62 million gross. They're rai…

chriswalton8CC1CPRO157 replies

WinLuxury Specialist Real Estate Agent

Writing punch lists before the photos turned into standing work

An agent I met through a framing crew asked if I'd walk a 7,200 square foot house with her before it listed. Her problem was that she could see the house wasn't ready and couldn't…

gregpowell66AG4BPRO121 reply

LossPublic REITs (Capital Deployment)

My REIT income dropped 31 percent after I'd budgeted around the old number

I wanted income without a second job, so 55k went into three REITs picked for yield and sector spread. Residential, net lease retail, and a healthcare name. Blended yield at purch…

priya_n21PO1CAnswered6 replies

DiscussionRV Parks / Campgrounds

Hospitality math and land math value the same park a third apart

I've been reading two write ups on the same kind of asset and the valuation gap is doing my head in. Write up one treats an RV park as hospitality. Revenue per available site nigh…

chriswalton8CC1CPRO157 replies

DiscussionAdaptive Reuse / Conversion Projects

Does conversion policy support belong in the model, or does the deal have to pencil without it?

I've spent the last few months reading conversion pitches from the capital side and the split between them is sharper than I expected. One group underwrites the building on its ow…

28Sstephen_ok9CO2CPRO42 replies

More threads

THEFORUMThe Rena Forum

Newest posts

FORUMThe Rena Forum