every post in the forum, newest first
Two operators approached me in the same month and I can't have both, so I've been sitting with what actually separates them. Operator A wants to put in 15% of the equity out of hi…
Take two parcels in the same county. 18 acres inside the designated urban service area, sewer stubbed to within half a mile, priced at $9,700 an acre. 40 acres about four miles be…
Run the ladder out on paper for a four property sequence and the failure point often isn't where an investor expects. Take property one at 340k, 3.5 percent down FHA, PITI plus MI…
Take a live-in-then-rent conversion structured as a 5 percent down conventional purchase on a 3 bed 2 bath in a decent school zone, purchase price 312,000, 15,600 down, 7,100 in c…
Take an 11 acre parcel on the edge of a town of about 40,000, currently zoned agricultural, shown on the comprehensive plan as low density residential, with a sewer trunk line run…
Take a deal like this: 62 lots in two phases, raw land at about $1.9M, engineer's estimate on improvements around $55k a lot all in, finished lots underwritten at $105k. A regiona…
A property manager in a county seat keeps two furnished units for the hospital's traveling nurses and the utility company's line crews and calls it corporate housing. The skeptica…
Here is a live scenario the room can work through. Two bedroom, 900 square feet, second floor of a four unit held since 2019. The tenant gives notice and is out at the end of Febr…
A pattern that shows up often enough on voucher turnovers that it is worth telling as a story. Say a landlord buys a small duplex and decides to rent the downstairs unit to a vouc…
I own a corner lot with an old four-square that's zoned for a rooming house by right, which is rare enough that I want to use it properly. Twelve hundred square feet of first floo…
Take a manager evaluating a management agreement on a 14 room boarding house, taking over from a manager retiring after eleven years. The draft agreement as offered often does not…
A question that comes up constantly from buyers walking into their first open house. The agent at the door asks whether they have representation, they say no, and the agent says s…
A contract at 425,000 with a 2.5 percent buyer-agent fee and a 3 percent seller-paid cost concession looks straightforward until two things surface that change the numbers. First,…
A useful comparison for anyone managing a home inspection team, or choosing between inspectors as a buyer: two very different styles that produce the same checklist and the same p…
Take a small three bedroom under contract at 91k with an end buyer lined up at 118k. A double close is often chosen over an assignment when a spread like 27k looks large enough to…
Consider a sixteen-facility self-storage aggregation, four quarters into an LP hold, with a report showing same-store revenue down 1.8 percent year over year. Physical occupancy 8…
Two things tangle constantly for people trying to get from spreadsheets to a first commercial deal, and every spreadsheet opened seems to turn into another spreadsheet. Worth unta…
Take a contract on a 21,000 square foot neighborhood strip center, seven bays, 78 percent leased, contract price 1.44m, in-place NOI about 139k, a 9.65 in-place cap rate. A buyer…
I frame houses for a living and I've been looking at rural parcels in two counties near me, some as cheap as $8k and some as high as $20k. Two questions keep coming up and nobody…
Underwriting a single parcel with two exit paths often produces numbers that do not compare cleanly, and this is a useful case to work through carefully. Say basis is 19,400 all i…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
