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DiscussionPrivate REITs (Investor)

Is the distribution actually income or are they handing me back my own money

Small portfolio on the rental side, and I'm looking at a non-traded REIT for the part of my money I don't want tied to a roof. The offering says distributions may be funded from s…

18Bbrandonlee36Passive3 replies

From the desk:Private REITs (Investor)

The offering doc says 62% distribution coverage. I still want in.

Been circling a public non-traded REIT for four months. The number that stopped me is in the distributions table: for the trailing year, roughly 62% of distributions paid were fun…

aaron_fitz10 Get yoursPRO155 replies

LossBookkeeping (Real Estate)

Added bookkeeping to the service menu, closed it eight months later down $9,400

I already do back office work for a handful of small landlords, so bookkeeping looked like the obvious adjacent line. Recurring, sticky, the clients were already asking. I signed…

derekj19SB1B12 replies

LossMultifamily Property Management

Sold after-hours dispatch at $1.10 a door, and call volume ran 3x my model

Twelve month contract, ended it at month nine by mutual agreement. Writing it up because the failure was entirely in one assumption and it's an assumption a lot of people are maki…

28NnataliehsuSO1BPRO1013 replies

DiscussionResidential Property Management

Owners hiring for compliance went 21 to 33 percent. Do you sell that as the product or keep it in the back office?

I'm writing positioning for a management arm and I've got two versions of the same page. Version one leads with compliance. Local registration and inspection regimes, notice requi…

mikeoconnell7SP2APRO170 replies

From the desk:Adaptive Reuse / Conversion Projects

An office at $64 a foot that still won't pencil as a conversion

A broker sent me a three story office building from 1963, about 22,000 gross square feet, asking $1.4M. That's $64 a foot for a structurally sound building, which sounds like a gi…

22Hhannah_west29 Get yours2 replies

DiscussionAdaptive Reuse / Conversion Projects

Broker sent me a 1962 office building at $38/sf. What kills this first?

I'm brand new here, so treat me accordingly, but a broker who knows I'm looking sent me a package and I'd rather learn on a real set of numbers than a blog post. 1962 office build…

megan_doyle15 Get yours7 replies

DiscussionJV Wholesaling

First deal: give half away to someone who has done it, or keep it all and learn the hard way?

A framer I've worked with for years called me about his aunt's house. She's in assisted living now, the house is empty, and the family wants it gone without listing it. I've swung…

gregpowell66AG4BPRO121 reply

DiscussionCo-Living / Room Rentals

Twelve month leases on each room or month to month, which one actually costs less

I'm still in the reading stage on this, no house yet, and the lease term question keeps stopping me. Every room-rental owner I've talked to splits into two camps. One camp does tw…

diane_kowalskiPassivePRO143 replies

From the desk:Multifamily Development

First ground-up. Trying to understand what I'm actually signing up for

I've been building a list of small sites, 8 to 20 units, and I've got one under a feasibility period now. Before I go further I want to check that I understand the shape of this.…

devon_pierce Get yoursPRO1411 replies

DiscussionMultifamily Development

Coming from the GC side, what's the piece of multifamily development I'm most likely to underestimate?

I've run framing and concrete crews on apartment jobs for years, so schedule and hard costs I'm comfortable with. What I don't understand is the money side. I can tell you what a…

gregpowell66AG4BPRO122 replies

LossLand Development / Subdivisions

The six lot split that needed 640 feet of water main

Closed this out in January at a loss of about $101k over 16 months. Fast, thin, and I got the thin part wrong. 4.1 acres on a paved county road, $310k. Zoning allowed six lots by…

joe_delgado5AP4CPRO40 replies

WinSeller Financing (As Seller)

Carried the note on a house I'd managed nine years, and an insurance quote nearly sank it

I manage other people's rentals for a living and I sold one of my own on my paper this spring. Nine years of owning a plain 2 bed 1 bath, about 900 square feet, three blocks from…

tonyv88SO4CPRO63 replies

DiscussionWholesaling

Can I just fund other people's wholesale deals instead of doing one?

I lend money, I don't want to own houses, so forgive the basic framing. Everything I've read says wholesaling requires no money. Then when I read further there's earnest money, ma…

sonia_alvarez Get yoursPRO6Answered11 replies

From the desk:Wholesaling

The assignment fee on this 6 unit is $31,000. Is that my problem?

Small portfolio, mostly duplexes and one fourplex, and I've never bought anything through a wholesaler before. The deal. Six units, two-bed each, one building, 1978, all occupied.…

31Bbrandonlee36PassiveAnswered6 replies

From the desk:Tax Lien / Tax Deed Investing

Deposit is due Thursday. I still don't know how the bid-down rounds work.

First auction I've registered for. Online platform, county in a bid-down state, 340 certificates in the batch after the withdrawals were posted. My total budget is $12,000 and I w…

ehernandez74PO2BPRO7Answered5 replies

DiscussionTax Lien / Tax Deed Investing

Subsequent taxes are eating the yield I bought the certificate for

Still list-building, no bids placed, but I'm modeling a 16% state with a three year redemption period and the subs are wrecking my spreadsheet. Say I win a certificate at $4,200 f…

devon_pierce Get yoursPRO144 replies

DiscussionSelf-Directed IRA (Capital Deployment)

Whose name goes on the note when the IRA is the lender?

Working through the documents for a small loan the IRA would fund and I've stalled on the first line. The borrower's attorney drafted it with me as payee, personally, because that…

27Bbrandonlee36Passive2 replies

WinSelf-Directed IRA (Capital Deployment)

Paperwork discipline is what made an 87k second-lien book work inside a Roth

Started this in 2022 with 87k of Roth money after a year of reading and getting most of it wrong out loud in threads here. Book as it stands: six notes, all seconds behind institu…

raj_mehta14CapitalPRO132 replies

LossRural Land Flipping

I put $35,000 with a land flipper and got it back 26 months later

Writing this as the passive side of the trade, because I do not think I have seen this failure described plainly anywhere. Two years ago I put $35,000 into a joint venture with an…

marcus_hale41CG4AAnswered2 replies

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