every post in the forum, newest first
I'm looking at a small house near a business corridor and the furnishing decision is the part I keep going back and forth on. Three ways I've seen described here and elsewhere, an…
A common setup for a small paid leasing program, six weeks, aimed at people managing their first few doors, forces a real decision about what goes on the sales page. One route is…
For anyone building a list and rehearsing calls, the question that keeps flipping back and forth is whether the words "I'm going to assign this to another buyer" belong in the fir…
Take a fund whose second vehicle is built on infill of vacant pads the portfolio already owns. Say 3,200 pads across the portfolio, 470 vacant, mostly clustered in six parks in th…
An active operator of small deals moving into passive money for the first time is a common transition, and mobile home park funds are one of the places it happens. Say a fund is r…
Take 60 acres about nine miles past the last recorded subdivision. Asking is $4,200 an acre, so $252k, taxes run about $1,900 a year on the current ag classification, no structure…
Take a case of two partners buying 40 acres of dryland at the exurban edge in 2019, $5,200 an acre, $208,000, split 50/50 through an LLC. No income, taxes around $1,900 a year at…
Here is a scenario worth working through in full, because the structure looks clean at first and then runs into a real obstacle. A 1970s farmhouse sits on 11.4 acres at the edge o…
Take a duplex under contract subject-to, the seller's loan balance around $211k at 3.75 percent, with her hazard premium paid out of her escrow. The buyer's insurance agent says h…
$16m acquisition, senior quoted $12m at 6.75 with a 1.20x DSCR test, and I'm $2.5m short of closing. Found a group willing to do it as a mezz loan at 12 with 9 current and 3 accru…
When a deal is described as senior at 60, mezz to 78, then equity, those are loan-to-value thresholds, and the stack sets two orders: who gets paid each month, and who gets paid o…
Title work is often treated as strictly the buyer's side of the fence, an assumption worth revisiting after a listing dies at day 34 over an old lien, costing the agent a fee and…
Found this off a service call. Homeowner in a 1970s ranch had a repipe quote she couldn't pay and a plumbing problem that was going to get worse. She wanted out. I'd been reading…
Adding a pre-listing inspection product, where a seller pays for a condition report before the house goes on the market instead of waiting for the buyer's inspector to find issues…
I'm looking at a duplex listed at $340k, and the listing sheet says 6.8% cap. The lender I talked to went through my income, my credit, the down payment, and the appraisal, and ca…
Triplex, 470k, bought as a long hold with a manager on it so I could stay out of the day to day. Gross rents 3,975 a month. My model showed about 640 a month of cash flow after ev…
An operator with nine parks, about 1,600 lots in three states, asked me to scope water infrastructure work portfolio wide. This is the biggest thing I've been asked to quote and I…
Take an investor with about $50k to place passively who keeps hearing that mobile home parks have the best cash flow characteristics in the sector. Everything they find is either…
Here is the ending that trips up most first-time lease option sellers: the tenant-buyer does not buy. Say a landlord with a duplex unit is asked by the tenant whether she could bu…
Reading an option agreement a family friend's agent sent over. House near my sister, asking $289k, and the owner has offered a lease with an option because it's been sitting. The…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
