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DiscussionListing Content / Social Media

Do I hire a person for social or just learn to do it badly myself?

I've got one small rental going live in the spring and I've been reading everything twice, which is how I found this room. Two providers have come up in my research at pretty diff…

35Kkevin_lombardPG1BPRO1713 replies

DiscussionTransactional Funding

Funding the A leg out of the C buyer's wire, or insisting on separate money every time

Two of the funders I've been calling lead with the same line: if your closer will close A to B using the end buyer's funds, you don't need us. One says it as a filter, they only w…

devon_pierce Get yoursPRO1426 replies

Story

Mezz or pref on the same $2.4m slice: the only page that changed was covenants

Spent a weekend building both versions of a $2.4m subordinate slice on a value-add multifamily recap, because the sponsor was genuinely indifferent and asked me which I'd rather h…

15Hhannah_west29 Get yours2 replies

DiscussionSubject-To Financing

Who should actually hold the payment money, me or a third party?

I'm building out the admin side of a small service business and sub-to keeps coming up with the investors I talk to. The piece they disagree on hardest isn't the deed or the equit…

mikeoconnell7SP2APRO17Answered10 replies

Story

The word doing all the work in her rent to own contract is "timely"

A friend's daughter is renting a house with an option to buy it and she asked me to look at the paperwork, mostly because I'm the person in her life who reads things. Eleven pages…

24Hhannah_west29 Get yours9 replies

DiscussionNote Buying (Performing)

The seller's delivery list includes an "allonge." What is that?

I'm looking at my first performing note, single family, borrower current for about four years. The seller emailed a list of what gets delivered at closing: original note, allonge,…

13Sstephen_ok9CO2CPRO4Answered4 replies

WinNote Buying (Performing)

Closed my first performing note at 80, and a delinquent tax bill nearly killed it

The O&E report came back with one unpaid tax installment, $1,840, on a loan with no escrow account. That's the part I want to talk about, because everything else about this note w…

derekj19SB1BAnswered24 replies

DiscussionReal Estate Crowdfunding (Investor)

Cash from month one at 7%, or nothing at all until sale at 9% accruing

Two offerings on the same portal, both multifamily, both roughly four to five year holds, and the distribution structure is the only thing I can't reason my way through. One pays…

paulgrant17PassivePRO7Answered6 replies

DiscussionMobile Home Parks / Manufactured Housing

11 empty pads on a 46-lot park. Filling them is either the whole return or the whole risk

Under contract at $1.03m on a 46-lot park, 35 occupied, lot rent $340, city water and sewer, all pads served and metered. The 11 empty pads are the entire reason the price works.…

joe_delgado5AP4CPRO413 replies

LossStudent Housing

Bought into a 168 bed LP on an enrollment number that counted students who never needed a bed

Closing out a position I should never have taken, so here is the arithmetic. 168 beds off campus at a mid-tier private university, $18.9m purchase, about $112k a bed. Raise was $6…

10Ttashaford30PB2APRO46 replies

From the desk:Dispo / Marketplace Services

Breakeven on this dispo partnership is 7 closings a month

I've built the model out four ways and I keep landing in the same uncomfortable place, so I want other eyes before I commit to this instead of buying my own deals. Setup: two acqu…

luis_carrera Get yoursAnswered4 replies

DiscussionDispo / Marketplace Services

My title company won't dry fund the double close the buyer is asking for

Contract at $182,000, buyer at $221,000, so $39,000 gross. Buyer's agent saw the assignment amount on the draft statement and now they want a double close so their client isn't st…

joe_delgado5AP4CPRO4Answered2 replies

DiscussionNNN Leases (Triple-Net)

Broker calls it triple net but the lease puts the roof on me

I'm reading the lease summary on a dollar store building, 9,100 square feet, and the listing says NNN in big letters. Then page three of the abstract says landlord is responsible…

diane_kowalskiPassivePRO14Answered5 replies

From the desk:NNN Leases (Triple-Net)

9,100 sf discount retail box, 7.1 cap, flat rent for 11 years. Pay ask or push?

Under contract review right now and I keep circling the same clause. The asset: 9,100 square foot single tenant discount retail box, small upper midwest town, population around 6,…

21Ttashaford30PB2APRO4Answered10 replies

LossStudent Housing

The school lost a third of its enrollment. That cost me $94k.

Posting this because the failure was in the research step and it's the cheapest step to do properly. 2019, I bought a 2-unit property, each unit 3 bed 1 bath, four blocks from a p…

16Bbrandonlee36PassiveAnswered11 replies

DiscussionStudent Housing

Does a parental guarantee survive the student transferring schools

Reading a guarantee form on a 12 month August-to-July lease. The student is a sophomore and the parent signs as guarantor for the full term. If the student transfers in December,…

28Ttashaford30PB2APRO44 replies

WinSeller Financing (Capital Provider)

First note I ever created is 14 months in and paying, with setup costs below

I have spent two years reading about lending and never actually put money out. What finally happened is that I sold my own duplex and carried the paper instead of taking cash, whi…

sonia_alvarez Get yoursPRO624 replies

DiscussionAdaptive Reuse / Conversion Projects

What's the smallest real version of this? Costs, insurance, software, all of it

I'm new at this, so here's the beginner question from the back of the room. When people here talk about conversions the numbers are in the millions. I want to know what the floor…

megan_doyle15 Get yours13 replies

LossAdaptive Reuse / Conversion Projects

The building was fine. My absorption assumption took lease-up from 5 months to 14.

Long holds are my usual thing so this was out of pattern for me, and I want to write it down while the numbers are still fresh. Single story plus mezzanine light industrial buildi…

karen_whitfieldPG4APRO714 replies

Story

A woman at a meetup told me her whole job is writing to 200 people

I went to a local real estate meetup mostly to figure out what jobs exist in this business that aren't buying houses. Ended up next to a woman eating the free pretzels who said sh…

31NnataliehsuSO1BPRO102 replies

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