one click, then see the split
Anyone evaluating passive office exposure right now is facing a market that has pulled apart into two distinct trades. Newer, well located space with real amenities is getting the…
Screening a possible office-to-residential conversion raises a real question worth working through carefully rather than guessing at. Say someone is looking at a 1970s three story…
A common situation in thin rural markets: a single title and abstract office serves the entire county, and their fee sheet on a modest purchase, say $68,000, includes a search fee…
Numbers first, then tell me what is wrong with them. Note A: 11 percent, 2 points, 6 month term. Note B: 12.5 percent, 1 point, 12 month term. Both $150k, interest only, paid mont…
Two structures on the same kind of office asset produce fundamentally different risks rather than just different returns. Structure one is all cash: a 78,000 sf building bought un…
Take two buildings in a small market three hours from anything institutional. First one: 1985 build, 22 foot clear, four dock doors, 19,000 square feet, one tenant paying rent tha…
I've been sitting in on scope walks with two different crews this spring and they price materials risk in opposite directions, which makes it hard for me to tell what normal even…
I've been sitting in on vendor demos for the new UAD format, the one in broad production since January with mandatory use coming November 2 this year, and I can't work out which d…
I'm finishing up licensing and I've got two possible directions in front of me, and people I trust are split down the middle. Option one is joining a small advisory shop. Three pe…
Take a small market 11 unit deal, roughly 640k all in with debt covering most of it, leaving an equity need of around 260k. With enough investor interest to fill the raise either…
I've been reading pref equity summaries for a couple of months and one line keeps stopping me. The pref investor doesn't get a mortgage on the property. You get a membership inter…
I'm about two thirds through the pre-license coursework and I have four vacant houses on a street near me that nobody seems to be doing anything about. Two have notices taped in t…
I've been sitting in on calls with heirs to learn the language, and the same moment keeps coming up. Somebody asks what the house would sell for on the open market, and there's a…
I ran this two ways this month and I can't decide which column I believe. Column one. Distressed three-bed, 110k purchase, 40k rehab, all in around 158k with carry and closing. Re…
I've got $50k set aside that I'm willing to have locked up for five years, and I've been reading LP deals for about four months. The minimum on most of what I see is $50k, so one…
Two things crossed my desk in the same submarket and they're basically opposite ends of the same building type, so I want to hear where the room lands. Option one is the fee inter…
Consider an owner running a handful of small multifamily units where the rent covers the debt with room to spare, so the question of where the surplus goes comes up every quarter.…
Pricing a furnished unit for the corporate market, a two bedroom, and the part that's genuinely hard to decide is utilities. Most corporate listings say all inclusive. A comparabl…
Take a small aerial operation bought as a passive stake, not something the owner runs day to day. The revenue mix is where most buyers stall. A typical single pilot case: 132 mark…
Take a 31 unit garden style property, bought three years earlier, paying an 8 percent preferred return quarterly. Renewal comes back 41 percent higher on premium, and combined wit…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
