someone asked, the room worked it out
Take an investor with a 67,000 gain deciding whether to roll it into a qualified opportunity fund. The argument against it is blunt. That is 67,000 going into something they canno…
A common situation is an owner with two units in one market, living in another, weighing whether to self manage the next one. Say the fee is 9 percent plus a leasing fee of half a…
Bid due in nine days on a first lien, $74k ask, $141k UPB, SFR in Ohio. The title report shows the originating lender sold it twice but neither transfer was ever recorded with the…
Consider a second lien on a former call center in Dayton, Ohio, converted to 34 apartments in 2021. The sponsor runs out of money at 60% occupancy, the senior begins accelerating,…
A title rep's line worth sitting with: the higher the number on the contract, the more creative the ownership situation tends to be. Take a 2.1M estate where the seller says he ow…
Funded two draws on a strip in Lakeland, Florida last spring, 6,400 sf, four bays, three occupied. The anchor was a regional sandwich franchise, corporate lease, no personal guara…
My brother and I closed nine doors ourselves and every one took patience, but right now I'm preparing to scale and a few people in my market keep telling me to plug into a local m…
Closed on 18 acres in Adair County, Missouri last October for $14,500 cash. That number I knew. What I did not count on was $340 for the title search I ordered separately because…
A situation sponsors run into once a lending book matures. Say three repeat note investors ask within six weeks whether they can come in as equity on the next deal. One of them ha…
Trying to figure out if I'm splitting my time wrong. Right now I'm putting about 12 hours a week into driving routes, mostly a 40 mile loop through two zip codes in the southeast…
I'm looking at a 312-unit deal in Phoenix right now where the T-3 shows $1,680 average and the in-place leases from that window are rolling off over the next 18 months. The sponso…
There is something almost funny about a $4.82M close in Scottsdale where the HOA transfer fee is $350, the same cap that applies to a $280k condo two miles away. On a file like th…
Happened to me on a 14-acre parcel in Mayes County, Oklahoma last spring. Had the seller under contract at 31k, found a buyer at 44k, set the double close for three weeks out, and…
We do corporate leases fairly often in our portfolio, 900 units, and the lease is always with the company, not the individual workers. The company signs, the company pays, the com…
The property cleared about $14k before the mortgage, which felt like it was working until I stacked the debt service on top and landed at negative $3,800 for the year. The loan is…
Closed on a fourplex in Riverside last March and paid $575 for the full inspection. Inspector flagged a bathroom exhaust fan that wasn't venting to the exterior, just dumping into…
A question for LPs in long hold QOF positions. Take a position held well past the ten year mark, call it 180 months, in a fund holding a Phoenix industrial parcel. The original ga…
Sitting on capital so I watch a lot of these deals come through rather than originate them, and I keep trying to figure out what the marketplace layer is actually buying for a who…
Take a small shop as an acquisition target, around eight agents, single office in Tucson, with the seller describing the license as part of what is being bought. That language is…
The fee ought to track how much work the dispo side is actually doing, and in practice it often does not. A wholesaler who brings a contract with three warm buyers who have alread…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
