every post in the forum, newest first
A useful case study in probate diligence economics, because the arithmetic only makes sense across more than one attempt. Losing an overbid at a confirmation hearing after spendin…
I've been reading land for months without buying anything, and in the process I got to know a guy who assembles recreational acreage. He buys four or five parcels a year, all cash…
My first rental is coming and I'm reading everything, and I keep circling back to reverse wholesaling because it looks like the version with no down payment. Which makes me suspic…
Say a capital gain from a stock sale comes to about $58k. The general mechanism worth understanding: the government designated certain census tracts as opportunity zones, and a ca…
Put an opportunity zone sponsor's deck side by side with a plain non OZ syndication and the comparison is instructive. Say an eight year hold going on ten, $250k in, a pro forma t…
Public REITs offer something direct property doesn't: the ability to act immediately. Direct property takes months to buy and months to sell, while a REIT trade takes a click. Tha…
I've been reading here for a while and mostly posting about screening for the rental I have closing soon. This is the one before that, the one that didn't happen. Six unit buildin…
Consider a private lender who puts $62k into a spec build as a second position loan behind a $240k construction loan. Roughly 2,300 square feet in a decent suburban submarket, as-…
Fourplex, asking $720k. Seller's broker hands me a package showing $52k NOI and calls it a 7.2 cap, then points at 5-plus sales in the same submarket trading at 6.5 to justify the…
This is one of the more expensive lessons in small multifamily, worth laying out with its numbers because the mechanism repeats. Say a 1920s two-story in an older streetcar neighb…
I have been shadowing leasing at a by-the-bed property to learn the service side, and the paperwork question I did not expect to be a live argument is who the lease binds. Three v…
A well drafted lease option package, separate option contract from the lease as it should be, but with no mention of recording. Nothing goes to the county, and the buyer's protect…
I hold raw land, long. Four parcels bought across about three years, all in one LLC, nothing built, nothing rented. Carrying costs are small and boring: property taxes, occasional…
A common trap on crowdfunding platforms is a product page describing notes as short term, with an average duration under a year and a redemption request option, which reads to man…
A question that lands on a lot of small landlords eventually. Picture six units across two small buildings, self managed, and a third agent in four years. None of the agents were…
This case is worth writing up because it was avoidable. Say an investor meets an agent at a local meetup who describes himself as investor-friendly and claims a pocket pipeline. H…
A structure worth examining closely: the sale leasebacks that come out of an operator refinancing after an acquisition. In these, the seller tenant chooses the rent, which sets th…
For an investor whose usual path is land and long holds, a sale-leaseback offer from a regional operator is worth thinking through carefully precisely because it sits outside the…
Two leads sitting in front of me that have nothing in common. One is a 14 unit brick walk-up, four units down, seller inherited it and lives out of state. The other is a 22,000 sq…
Take an operator closing on a 54 site park, 38 seasonal sites and 16 nightly. The seller's package shows 38 signed seasonal agreements at 3,200 for the season, roughly 122k of wha…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
