every post in the forum, newest first
First house I ever sold, small three bed, and I wanted to do it properly so I hired a stager. I told her my budget was around 2,000 and she asked which rooms mattered most. I said…
Say an analyst spends about six weeks building a spreadsheet for performing notes: remaining term, rate, purchase price as a percent of balance, yield to maturity, and a column st…
I put 12k into a public non-traded REIT last year. This is the smallest amount I've ever felt nervous about, and the reason I'm writing it up is that the part that mattered wasn't…
Trying to figure out the actual line items on the seller side. My understanding is I hand over a deed, get a note back, and then money shows up monthly. That can't be free. So: wh…
A scenario worth working through for anyone about to carry paper for the first time. Say an owner has a 1.1 acre vacant lot listed at 95k for nine months, two lowballs, and now a…
Two fourplexes on my list, within 15k of each other on price, and the mix is the only real difference. Building A is four one-bedrooms at 900, so 43,200 gross. Building B is two t…
Something that does not come up when people compare a fourplex to four houses: in a fourplex the tenants share space, and they compare notes. Parking spot two is closer to the doo…
A two story former medical office, about 11,000 sf, asking around $58/sf in a small city where finished two bedrooms lease fine, is the kind of listing that raises the question of…
This is the kind of question I'd have kept my mouth shut about in a room full of people, so here it is in writing. Two bed two bath condo in a lake town about two hours from where…
$465k, 3/2, walkable to the main street of a small tourist city. The city licenses short-term rentals annually and caps non owner occupied licenses at 4% of the housing stock. The…
First deal I did the normal way, locked a property and then panicked for two weeks looking for someone to take it. Fee was $3,100 and I nearly blew the closing date. This one I ra…
An agent sells a house and gets a commission. A wholesaler assigns a contract and gets an assignment fee. In both cases somebody got paid for arranging a transaction they did not…
Run the numbers on sitting on the funding side of these rather than owning anything. A funder quoting 2 percent flat on a $200k A-B leg collects $4,000 for money that is out maybe…
Here is a scenario for the room. A closing coordinator who normally chases signatures and title conditions for a couple of wholesalers gets a deal one of them wants to double clos…
Consider a 12-unit sale with a gain after depreciation recapture of about $486k, and a 180 day window closing in early December. Whatever gets done has to happen inside a currentl…
I've been modeling a $400k gain going into a single-asset fund. The building I keep coming back to is a 1960s two-story retail block, asking $520k, and about $300k of that looks l…
Been doing quick turns, 60 to 90 days, buy with hard money at 11.5% and two points, out. Never held anything. Somebody brought me a seller who won't take cash and I don't know how…
Take a wrap where the headline spread is misleading. Underlying: 218k remaining at 3.9, roughly 22 years left, payment 1,430 plus escrow. Proposed wrap: 265k at 7.25 over 30 years…
A scenario that teaches something about the cost of an owner's own time. Take 22 units across three small multifamily buildings, all within nine miles. Gross scheduled $24,500 a m…
Got two management proposals on a small portfolio and I can't make them line up. First one: 8 percent of collected rent, $0 setup, one full month for a new tenant placement, $200…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
