The rent side of this is working. Three houses, 14 rooms total, occupancy has held around 90% room-nights for the last year, and collections are fine. What's eating me is conflict…
I look at the service side of this business more than the ownership side, and the marketing language is confusing me. One listing calls itself co-living, monthly membership, commu…
Two schools of thought among operators at this tier argue this constantly, and it is worth seeing where the room lands. The first says you tie it up the moment the seller says yes…
In a wrap, the buyer pays the wrap holder, who pays the underlying lender and keeps the difference, three transfers a month running through one party's hands. That structure raise…
Acquisition decks for management companies keep repeating a version of the same slide: current portfolio around 104 doors per full time employee, target 175 to 180 post-integratio…
12 unit brick walk-up, one market, one broker, seller is an estate. LOI accepted at $1.06m. Their attorney sent back a draft PSA with a 15 day inspection period and $50k earnest t…
Sponsor wants $6M from us by the 19th and I'm stuck on the phasing. Single asset vehicle, 48 MW of contracted critical load in an emerging Sun Belt market off the I-20 corridor. T…
In a small county, mostly pasture and timber, a utility upgrade along a highway tied to a data center campus optioned nearby raises a common question for a landowner a couple of m…
I've held 22 acres on the edge of a growing metro for eleven years. Taxes are low, I mow it twice a year, and the plan was always to wait. A developer approached me about an activ…
I have two offers I could write this week and they are so different I am not sure I am comparing them correctly. One is 56 sites on a travel corridor, ten minutes from an intersta…
Asking $2.9M. 58 full hookup sites plus 6 rental cabins, T12 gross $640k, split roughly $410k site rent, $120k store and propane, $110k cabins. Seller's NOI is $232k, which is exa…
Consider a JV equity structure behind a $12.4M senior loan with $5.2M of equity, where the capital partner puts in $4.6M, the operator puts in $600k, and the operator signs the re…
I run the service side and have never owned anything. An extended family group (four households, roughly 900k they've been sitting on since a land sale) asked me to find something…
The 2025 law that made the incentive permanent also put new reporting obligations on qualified opportunity funds, and I've been trying to work out what that does to the sponsor un…
I do a lot of due diligence on passive deals and I've been reading about land as something I might actually do myself. The pattern I keep seeing in write-ups is that the cheap par…
Before a first mail campaign on land goes out, it's worth having the math checked rather than finding the weak point months later. Say the list is county records, absentee owners…
I ran a probate campaign from February to July and closed zero deals out of it. Not one. I want to write down where the money went while it's still fresh, because everything I rea…
A common point of confusion in probate deals is whether a signed contract with an estate can be overtaken by a higher bidder at a court confirmation hearing. In several states, ye…
A double close involves two deeds recorded, seller to the wholesaler and wholesaler to the end buyer. Whether transfer tax applies to both deeds or just one depends entirely on th…
Say a seller lists a small rental at 172k, cash offer, no inspection contingency after day 10. Standard so far. Then the contract comes back with "and/or assigns" after the buyer'…