Here is a pricing problem every listing content shop is going to face if it has not already. Take a three person operation doing 42 packages a month at $180 each. A package is the…
First rental, closing in three weeks, two bed one bath in a decent part of town. Asking $1,300. A woman who does listing content for a couple of local agents offered me a package…
Capital call provisions are where two competing philosophies in JV structuring show up most clearly. One approach dilutes the non-funding partner hard. Typical language credits th…
A common pattern worth watching for: signing with a VA agency at a modest hourly rate for 20 hours a week and prepaying a full quarter for a discount, locking in the rate before c…
Here is a scenario worth working through. Say a landlord with eleven units, mostly small stuff, has collected maybe forty local landlords over six years who buy at the same price…
A structure that comes up often in JV wholesaling and deserves scrutiny. Say a wholesaler is under contract at $142,000, ARV somewhere around $215,000, maybe $30k of work by the n…
I've got two live offers on a 40 acre parcel I've held about nine years, no debt on it, listed at 265k. Buyer A puts 20% down, 8.25%, amortized on 25 with a 7 year balloon, and hi…
A prepayment clause that simply allows the borrower to prepay in whole or in part at any time without penalty hands the duration of the asset to the borrower. If they refinance in…
1958 ranch, 1,240 sq ft, three bed one and a half bath, bought at 152,000 as a keeper rental. Budget was 42,000. I'm at 61,000 with the kitchen not installed. Where it went: cast…
Coming into this from a completely different career, so the insurance vocabulary is where I'm getting tangled. I read that a landlord policy includes "loss of rent" coverage and I…
I'm working on the lending side rather than owning, and I'm trying to think through the ugly case. Borrower stops paying, I end up taking a property back, and the house is full of…
When papering the vendor side of a crew taking on REO clear-out work for servicers and property management shops, the commercial terms are typically the easy part: a flat bid per…
Consider a bird dog operation built to serve two investors buying rural and small-town single family, 15 to 90k purchase range, sourcing leads from pre-foreclosure and tax-delinqu…
Take a dispo operation with sixty names on a buyer list, of which maybe seven have actually closed something in the last year, and a contract landing tomorrow. There are two ways…
Take a 90 key limited service hotel renovation: soft goods, casegoods, corridors, and bathroom work required by the brand standard. A contractor's number often comes in around 21k…
Story
A 3D walkthrough is worth treating as marketing, not documentation. Take a listing with a nice house priced under the block, staged in the photos with a gray sectional and a rug.…
Deal in progress and I want to understand the failure modes before I commit the gain. Numbers: purchase $1.2m, allocation looks like $340k land and $860k improvements, so my subst…
Take a 6,000 square foot two story commercial building being converted to apartments under an opportunity zone structure, where the developer needs the qualifying improvement spen…
I'm reading the PPM for a value-add multifamily fund. Target leverage 65 percent at the property level, and there's a paragraph telling tax-exempt investors to expect unrelated bu…
Take 214k moved from an old employer plan into a Roth self-directed IRA, sitting mostly in cash while two paths get compared. Option one: three private notes through a single lend…