every post in the forum, newest first
My Akron closing is in 19 days and the inspector I hired sent me a 58-page PDF at 9:47 PM with no call, no summary, nothing. I have been reading it for three hours and I am genuin…
I put capital into a single-asset fund in 2022, deferred a gain from a business sale, and the property underperformed badly enough that the fund wound down at a loss last year. So…
That gap is not abstract. If the contract was at 3.1M and the appraisal lands at 2.91M, a 65 percent loan against the appraised value puts the lender at 1.89M. If the original und…
My mother passed in March and left me a small rental in Clarksville, Tennessee that she was carrying paper on. Buyer has been paying since 2019, solid record, 14 payments left on…
Looking at a deal right now where the distribution schedule says quarterly but the obligation language says "when cash flow permits." Those are different things and the gap betwee…
A 40-acre parcel with a creek running through the back third is a different piece of ground depending on whether the aerial shows the creek relative to the road, the neighboring f…
Say a buyer takes a wrap at 7 percent over an underlying at 3.5 percent on a 280,000 wrap note. The spread looks clean until year four, when the buyer refinances out, the underlyi…
A deed into an LLC costs a few hundred dollars at closing and resets the liability exposure, but it also means a refinance or sale later runs through entity-level underwriting rat…
I am in a non-traded REIT that holds a mix of suburban office and light industrial, 14 properties, NAV stated at $10.44 as of last quarter. I pulled the most recent annual report…
I keep circling back to this because Castilla-La Mancha keeps showing up in searches at under 5,000 euros per hectare for dry cropland, sometimes closer to 3,000, and I cannot tel…
New Jersey caps the interest rate at 18 percent. Winning bids at a competitive county auction last quarter were coming in around 0.25 percent, which means an LP reading the deck a…
A case worth sitting with: a 34,000 square foot center, purchase price 4.1 million, anchor at 8,200 square feet paying $11.40 per foot. The lease has a five-year renewal option at…
A note I use to think through this: a seller carries 180k at seven percent over fifteen years, roughly 1,617 a month. Two years in, the buyer has never missed a payment. A note bu…
A 25 acre Cabernet block planted in 2008 sits in an awkward middle: the vines are past the replanting decision, the winery relationships are established, but the owner wants liqui…
Take a note bought at 38 cents on a $94,000 UPB, so roughly $35,700 in. The collateral was a single-family in a judicial state with an 18-to-24 month foreclosure timeline, borrowe…
I've been going back and forth on this. Found a place in Clovis six weeks ago, two-story, peeling fascia, side gate off its hinges, grass completely gone to dirt. Mailed the same…
We went into this as a straight buy and hold, 24 month horizon, a Bexley fourplex I put in $190k on. The term sheet said disposition at or around month 24, split proceeds 70/30 af…
I'm trying to put a number on this because I'm about four months into an agency seat arrangement, paying $1,850 a month for what amounts to lead follow-up and some transaction adm…
That number stopped me because the problem is not the list size, it is that 4,200 rows treated identically produces the same result as 400 rows treated identically: noise. The dea…
The K-1 showed the loss. The update talked about occupancy and debt service coverage. Not one LP would have known to connect the two, which means not one LP could have asked wheth…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
