Loading the forum

Rena is not an investment adviser. Nothing in this forum is investment, legal, or tax advice.

Terms Privacy Forum rules

FORUMThe Rena Forum

All 132 real estate strategies.Every room answered.

Post something

Search the forum

Start with a RE category

ActiveYou do the work PassiveYou own it, someone else runs it ServiceYou get paid to help CapitalYou put up the money All

Next, pick a strategy

Then pick the type of post

Discussionsomeone asked, the room worked it out From the desk:live deals, numbers on the table Wins & lossesit finished, here is how it went Pollsone click, then see the split Storiesthe tenant, the seller, the sideways closing All

Newest posts

the latest across all 132 rooms, newest first

Newer

DiscussionHard Money / Private Lending

Everyone writes rates as "11 and 2." Who gets the 2?

I'm trying to get the vocabulary straight before I put money into a first loan. Everyone writes rates like "11 and 2," and I understand the 11 is annual interest. The 2 is points,…

sonia_alvarez Get yoursPRO6Answered4 replies

DiscussionAgricultural Land / Farmland

Grade A dirt at 2.9 percent or tired ground at 3.6. Which is safer?

Two parcels in the same region, both about 80 acres, and I keep flipping between them. The first is what everyone here would call Grade A. High soil productivity rating, tile that…

16Ttashaford30PB2APRO412 replies

From the desk:Opportunity Zone Fund Investing

Two QOF subscription docs disagree about de-designated tracts

I have a gain coming from a business sale that closes in Q4, so my window runs into 2026, which puts me right on the seam of the transition. I've been through both PPMs twice. Fun…

bmoreno23AB1BAnswered4 replies

DiscussionOpportunity Zone Fund Investing

Deploying in 2026 versus waiting for the new zone maps

Working through a timing problem and the math isn't clean. I have a gain that would need to go in during 2026 under the current 180 day rules, and the current zone designations ru…

megan_doyle15 Get yoursAnswered3 replies

From the desk:Section 8 / Government-Assisted Housing

Asked to be the fix-it contact on 40 voucher doors. Signing up for what?

An owner with about 40 doors across a few small buildings asked if I'd take his maintenance calls. Roughly 30 of those units are voucher tenants. He's offering $1,800 a month as a…

14NnataliehsuSO1BPRO10Answered1 reply

DiscussionSection 8 / Government-Assisted Housing

What actually costs money getting a duplex through HQS the first time

I've got a duplex under contract and a property manager telling me the housing authority inspection is "free and pretty easy." That doesn't square with a landlord I talked to who…

aliyah_bAU2APRO9Answered9 replies

LossSelf-Directed IRA (Capital Deployment)

My IRA took back a rehab house and I wasn't allowed to touch it

Wrote a 62k first position loan out of my self-directed IRA to a rehabber I'd worked with twice on the personal side. 11 percent, 9 months, house was a small 3/1 in a working clas…

joe_delgado5AP4CPRO44 replies

DiscussionOffice Buildings (Passive Hold)

The sector average and the building in front of me are telling me two opposite things

Two office deals landed in my inbox this month and both decks quote the same national numbers. Vacancy near 18 to 19 percent. Office CMBS delinquency at 12.34 percent in early 202…

tylerbrooks9PassivePRO45 replies

From the desk:Self-Storage (Capital Scale)

Fourteen facilities into one cross-collateralized loan, and the release provisions stop me

Platform I've been an LP in since 2021 just closed a portfolio refi. 14 of the 19 facilities went into a single loan, $118M, they're calling it about 62% of appraised value. Cash-…

marcus_hale41CG4A6 replies

WinParking Lots / Garages

Nine gravel spaces beside a rural feed store now pay the taxes on 40 acres I'm land banking

This is a small win and I want to be clear about the scale before anyone gets excited. I've been holding 40 acres on the edge of a growing small town for going on seven years, wai…

nicole_adeyemiPassivePRO144 replies

From the desk:Small Multifamily (2-4 Units)

Insurance came back at 4,700 against the 2,200 I modeled

I have four single-family rentals and I insure them for between 1,300 and 1,650 each, so when I put a triplex under contract I penciled 2,200 for insurance and felt generous about…

33Bbrandonlee36PassiveAnswered5 replies

DiscussionSmall Multifamily (2-4 Units)

Listing says duplex, county says single family with an apartment

I'm looking at a place where the listing says duplex, two units, separate entrances. The county assessor page calls it a single family residence with an accessory apartment. When…

jessreyes12AU1APRO16Answered6 replies

Story

November, and the pool guy says the house has been empty since March

Somebody I know through a lender wanted a second set of eyes on a flip he was already halfway into. Big house, close to 8,000 square feet, dated in the way that expensive houses g…

dpatel_reCS4A27 replies

LossSingle-Family Rentals (SFR)

I managed four scattered houses for ten months and made 12 dollars an hour

I wanted to find out whether the service side of this was where I fit, so last year I took on management for two out-of-state owners. Four houses total, average rent 1,450, so 5,8…

38NnataliehsuSO1BPRO10Answered15 replies

DiscussionHome Staging

Do investor buyers care whether the empty unit is staged?

Listing a small 4 unit next spring. Three units stay occupied through the sale, one tenant is out in March and the unit will be empty and freshly painted. My agent wants to stage…

18Rrenee_dubois Get yours12 replies

LossSenior Housing (Independent Living)

Used conventional turnover in my 55-plus model. Vacancy loss came in double.

Small deal, 44 units, age-restricted, secondary market. I underwrote 8 percent economic vacancy because that's what I use for conventional garden apartments in that market and it…

20Hhannah_west29 Get yours1 reply

WinLead Generation Platforms (Building)

I sold 19 tired-owner signals out of my management book, $5,700 total

I manage 61 doors for 22 owners. Every year two or three of them tell me some version of "I'm done, the last vacancy took the joy out of it." For four years I just nodded and re-l…

tonyv88SO4CPRO6Answered15 replies

DiscussionOffice Buildings (Passive Hold)

The conversion line on page 14 is carrying a third of the downside case

Reading a deck on a 1980s eight story, 140,000 sf, 54 percent leased, and the downside case doesn't end in a loss because of a line that says "residential conversion, $185/sf all…

gregpowell66AG4BPRO122 replies

DiscussionHotels (Capital Deployment)

One segment or a mix: how would you want a hotel fund built?

I've been reading two hospitality fund decks side by side and they disagree about the most basic thing. One buys extended stay only, same brand family, secondary markets, and says…

marcus_hale41CG4A3 replies

DiscussionReal Estate Photography / Video / 3D

Before I fund a $6k second camera I want to know his shoots per day

A photographer I know through an agent I've worked with is looking for money to buy a second 3D capture camera plus a laptop, call it $6,000 to $7,000, and pay it back out of shoo…

17Sstephen_ok9CO2CPRO4Answered12 replies

More threads

THEFORUMThe Rena Forum

Newest posts

FORUMThe Rena Forum