Take a fund with a 20m target and a 25m hard cap. An anchor offers 5m at first close and their side letter asks for management fee at 1.25 rather than 1.5, no change to the promot…
I've done trade work for fifteen years and I'm buying a house to renovate and resell for the first time. Purchase 182k, renovation I've scoped at 58k doing most of the work myself…
Here is a case worth studying in room rentals. A seller has a 5 bed 2 bath, about 2,300 square feet, ten minutes from a commuter rail stop in a mid size metro, listed at $287k. Th…
I have roughly $620k earmarked for a land allocation and two live options that behave nothing alike. Option one is direct. Around 70 tillable acres in a single county, priced near…
Story
I've been driving for dollars for four months and finally got a real conversation. Vacant looking ranch, overgrown, mail piled behind the screen. Owner called me back from three s…
I've been circling a small independent brokerage in a secondary market for about four months and the seller finally sent real numbers instead of a summary page. What I have: 12 li…
A question worth putting to the room plainly: where does the money in a brokerage actually come from? The simple version goes like this. An agent holds a salesperson license and h…
Consider buying a partial rather than a whole note, meaning the seller keeps the note and sells a defined slice of the payment stream, say the next 84 payments of $612, purchased…
Sizing an entry position in performing notes runs into ranges that are all over the place. People talk about $20,000 notes and people talk about $150,000 notes as though both are…
Take two small mixed-use buildings, apartments above, one vacant ground floor bay of somewhere between 1,200 and 1,800 square feet, both empty since spring, and two owners who lan…
A question that comes up on every house hack of a triplex. The plan is standard: the owner lives in one unit and rents the other two, because that is the version that gets residen…
A useful model shift for anyone selling motivated seller leads to investors: moving away from per-lead pricing toward billing only on confirmed appointments. Under a per-lead mode…
Two pieces of office vocabulary that do not line up for people coming from land and other asset classes, and they are worth settling. Every market report says prime office is tigh…
I hold land and wait, so office is off my map. This one landed anyway and I've spent three weeks on it instead of the pasture I was supposed to be looking at. The asset: 78,000 sq…
Three bed one and a half bath, 1,340 square feet, built 1962, sound roof and a furnace from 2019. Seller wants 148 and will take a two week close. Comps in the pocket are 232 to 2…
The number I keep tripping over is the reported typical flip: buy near 260,000, resell near 325,000, gross profit around 65,000, gross return roughly 25 percent, described as the…
Looking at a small provider doing agent marketing, 34 retainer clients, average $740 a month, gross margin around 55% after contractor costs. Median client life is 11 months, whic…
Take a 62 acre listing this spring, mixed pasture and timber, county road frontage on one side, a seasonal creek, no utilities run to it, list price around 410k. Taxes run about 1…
First rental, a $168k three bedroom in a modest inner-ring suburb. At the closing table the settlement statement had the lender's policy on it, which the bank required, and then a…
The paperwork I own as a passive investor isn't the same as an agent's. Subscription docs, entity formation confirmations, insurance certs, lender condition lists that the sponsor…