every post in the forum, newest first
A scenario worth working through for anyone looking at a first LP position. Say an investor is put in front of a sponsor doing a mixed-use redevelopment and has the offering docum…
Two farms, same county, eleven miles apart. I've walked both twice and I keep flipping. Farm A is 155 acres, asking works out to about $7,900 an acre. Roughly 40 of it holds water…
A question that stalls a lot of first-time REIT investors, who build spreadsheets for months instead of buying anything: what does it cost per year to run a sleeve properly. The b…
Opened a brokerage account last month with 9k in it. Two REITs on my shortlist. One shows a 7.4 percent dividend yield and the other 3.4. I assumed the higher one was simply bette…
My spreadsheet has 340 rows in it from the MLS, and after running the 70 percent rule on all of them, exactly four ever penciled. Both of the ones I offered on went to someone pay…
Consider a small mixed use building where the seller wants to carry most of the price and has not moved off his number in months. What is actually left to negotiate lives entirely…
A useful case for anyone structuring a JV wholesale deal. Contract signed on a 3/1 brick ranch in a working class pocket, 1,100 square feet, out-of-state seller wanting out, purch…
Renovation is my day job and I'm working out the acquisition side. Two different wholesalers here have offered the same arrangement: I find the seller and lock up the contract, th…
I have been pricing sourcing tools and the spread is wide. The national subscriptions with daily updated default and auction data run from about thirty dollars a month for somethi…
This question comes up at every price point, small markets and low price points included, and it's worth working through where this room lands on it. The setup: a site, entitled,…
Working out what my first deal actually costs and I've got a single cell that says rehab, with 140 in it. Someone in another room told me that cell should be three numbers, not on…
The paperwork side of a heavy rehab deserves attention before anyone funds one. Say 160k of rehab released over six draws, a GC with four regular subs plus a lumber and a cabinet…
A broker sent me a one page flyer on a 7,000 sf two story clinic building in a suburb I barely know. Four suites, three leased, an asking price, a rent roll with three lines on it…
I gut and rebuild for a living, so I lean toward buying the cheaper house and building the rental unit myself. A basement apartment on a house I already own costs me materials plu…
First rental closes in three weeks and I've been writing my screening criteria down so I apply the same ones to everybody. The income rule I drafted is three times the rent in ver…
Here is a scenario worth working through because the co-host math changes with the HOA rules. Two bed two bath, 1,050 square feet, lake town, $312k, closing early next month. The…
Structure I'm running on a two-bedroom: guest pays a $135 cleaning fee, my cleaner invoices me $95, I keep the $40 as coordination on top of 18% of accommodation revenue. All of t…
Two agents in my area both do well at the top and they got there in opposite ways. One works a single neighborhood of about 900 houses, most of them over $2M. She knows every floo…
Consider a 68,000 sf suburban office deal under contract, seven tenants, 81 percent leased, mid-way through estoppel collection with four back and three outstanding. One estoppel,…
Say a listing shows a two story office building in a mid-size downtown, 8.2 percent cap on the flyer, about 19,000 square feet with four tenants. Ask the broker who pays for what…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
