Something an inspector said to me stuck. He said a meaningful slice of his work now is second inspections on houses that already failed once, either because the first buyer walked…
My portfolio is small and all in my own state, and my return is already annoying. The syndication I'm considering owns a property in Georgia and I don't live there. My accountant…
Looking at a 68,000 sf grocery-anchored center. Grocer occupies 45,000 sf at $9.25/sf NNN with six years remaining, then four five-year options at a flat $10.00/sf. Inline space i…
A sponsor I follow is raising a preferred equity tranche on a 90-unit deal and the minimum is $250,000. Then I read a piece that said retail investors get into pref for $50,000 or…
A wholesaler I follow said the whole CRM thing is oversold and he ran his first two years off a spreadsheet with a reminder column. Then in the next post he said hiring someone to…
My scope keeps eating my margin on the renovation work, and now I'm looking at whether feeding leads to other buyers is worth my evenings. What I can't find is a straight number f…
My gain is a capital gain reported on a K-1 from a partnership that sold an asset. My CPA mentioned there may be more than one possible start date for my 180 days when the gain co…
I have one rental closing soon and I have been reading way outside my level, which is probably the problem. What I picked up: there's a huge glut of old office buildings, some are…
I've been reading commercial assignment agreements lately, mostly because the paperwork holds my attention better than the buildings do. On residential everything I see is a flat…
Looking at a listing that says "48 lots, 41 TOH, 7 POH, city water and sewer, lot rent $310." I worked out TOH is probably tenant owned home but I'm guessing. POH I have no idea.…
I've been reading three different sources on a market I'm underwriting and they use three numbers as if they're the same thing. One quotes a fair market rent of $1,300 for a two-b…
I'm looking at a rent-to-own on a small house and the owner said his policy covers the building so I "only need renter's insurance." But I'm supposed to be handling repairs under…
Sponsor deck on a 96-key exterior corridor hotel shows total revenue 3.4m and gross operating profit 2.11m, so 62% GOP margin. My understanding is that a well-run limited-service…
I've been tracking a book of 14 equity deals across three platforms, targets ranging 11 to 16 percent IRR. The realized and marked blend is coming in around 8. Nothing has gone to…
Two things I've read don't fit together. One says you can buy a tax lien for as little as $200, which makes it sound like the most accessible thing in real estate. The other descr…
I called a custodian about moving an old 401k into a self-directed IRA so I can put some of it into land-backed notes and maybe one small land fund. The rep quoted two paths. Basi…
I'm trying to figure out how to do this without getting in trouble. Everything I've read says bird dogging needs no license because you never own the property or negotiate. Then a…
I've been underwriting a 7-unit retail strip, about 11,000 sf, seller wants $2.1M. His marketing sheet shows an 8.2 cap but that's proforma with the two vacant bays filled at aski…
Talking to a manager about a value-add fund and the paperwork keeps saying commitment rather than investment. The minimum commitment is $250,000. My understanding is I sign the su…
A purchase agreement someone shared for a pre-foreclosure buy has been sitting on my desk, and I've read enough paperwork to know when something snags. It has the buyer selecting…