Two multifamily deals on one of the bigger portals carry the same gray banner across the invest button: accredited investors only. Plenty of capable investors do not clear that ba…
I've been building a spreadsheet to compare offerings across platforms and it's gotten out of hand, because the headline number is the only thing that's comparable and it's the le…
I'm reading this room from the outside, first rental still ahead of me, and the thing I can't resolve is how people decide the geographic shape before they've bought anything. The…
Consider a done-for-you dispo and transaction coordination service for wholesalers at a flat $1,500 per closing. The work is taking their signed purchase contract, sending it to a…
I've been getting ready for a first rental for about a year, mostly reading about screening tenants, and now something landed in my inbox before I was ready for it. A guy who call…
The sponsor I contract for had 88 LP entities across three deals and no reporting cadence at all. Updates went out when something happened, which averaged one every five months, a…
Take a listing at $289k asking with comparable three bedrooms on the same street renting around $2,050, or 0.71 percent of price in monthly rent. A decade or so ago, that ratio al…
The fee side deserves the numbers before anything else. Say an investor puts in $50,000. What comes off the top before a dollar reaches a building, and what comes off every year a…
The advisory agreement and repurchase plan behind a NAV REIT usually reward closer reading than the fact sheet invites. A typical performance participation runs 12.5% of total ret…
Here is a decision a lot of mid sized commercial subs are facing right now, and it is worth arguing out with real constraints on the table. Picture a 22 person crew getting its th…
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Still working through licensing and doing the errands that come with being the newest person attached to a brokerage. One of those errands is going to a house early, turning on ev…
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A pattern worth knowing before applying for a line of credit against a rental. Say the owner has held it six years and the bank comes back with a value 61,000 under the owner's nu…
Consider a framing and finish crew pulled into ADU work as a sub on detached builds, running two units for the same GC with cost structures different enough to be worth comparing.…
Take a detached 700 square foot ADU going behind a house, plans close to done. The electrician prices a second electric service and meter at about $9,000 including the trench and…
For someone new to land who owns small multifamily, the vocabulary matters before the numbers do. Entitlement means securing the government permissions that let land be built on:…
Here is a phasing problem worth working through. Take 80 acres under contract at $280,000, so $3,500 an acre. Zoning is a 5 acre minimum. After a road corridor and one unbuildable…
Here is a structure worth working through, because it comes up constantly in seller financed land and the paperwork rarely addresses it. Take 60 acres at $240,000, which is $4,000…
Worth laying out because the gap between the two outcomes on the same deal is the interesting part. Say an investor places 225,000 into the second lien position on a luxury flip a…
I'm five months into learning this and somehow I'm the one with a signed LOI, so please tell me where I'm wrong. 60-lot park, 54 occupied, all tenant-owned homes except one the pr…
Been calling around about who actually manages these things for owners, partly because I'm curious whether there's a service business hiding in here. A regional firm quoted me 6%…