Diligence on a stabilized fund's largest data center asset can turn on a single exhibit. The marketing materials might describe the asset as a 32 MW facility. The lease's Exhibit…
Reading through the due-on-sale part and I don't understand the risk math. The seller's mortgage says the lender can demand full payment if the property transfers. In a wrap the p…
I've got capital sitting and I've been reading about seller financing generally. Wraps came up and I don't follow the source of the return. As I understand it the seller keeps the…
I walked four open houses in my area on Sunday as a nosy visitor. Two had maybe six people through in two hours. One had a line at the door and the agent working the room hard. On…
A large share of fund decks in circulation now are debt funds. Senior bridge, mezz, preferred equity, some mix. The pitch is consistent: current pay in the 9 to 12 range, first po…
I've been reading development threads for a while and everyone throws around "entitled land" like it's obvious. I thought it just meant zoned correctly. But then someone said a si…
I've got a purchase option on an infill lot zoned for about 14 units, 90 days left to decide. Land is $310k. Hard costs quoted at $215/sf on roughly 13,000 net sf, so call it $2.8…
Pricing cleanout across a large batch of bank owned and pre foreclosure single family properties before walking any of them is a recurring problem, and it usually comes down to tw…
Story
A 3/2 brick rental in a small midwest town, 1,180 square feet, tenant already in place at a workable rent, cash purchase, no lender, closes without incident on paper. At the table…
Consider pricing for a 180-unit active adult plan, three-story walkups plus fourteen cottages. As drawn, the amenity package is a 12,000 square foot clubhouse with a fitness room,…
Rebuilding acquisition cost assumptions out to 2027, the buyer-side fee is one of the harder inputs to defend with data right now. Recent averages sit near 2.4 percent, essentiall…
Career changing into this and I'm starting from nothing. What I pictured was an agent opening the door, you like the house, you sign, done. Then someone in another forum said the…
Take a subscription package for a 100k check with two items that do not line up. The fee schedule shows a 1 percent placement fee. Then the operating agreement issues Class B inte…
I'm coming into this from the wrong end. I've been getting a first rental ready and reading everything about screening tenants, and somewhere in that I realized I was about to han…
This is the one I got wrong, and I did the due diligence, which is the annoying part. Two 1990s vintage bulk buildings, roughly 310,000 square feet combined, 24 foot clear, in a s…
A property manager whose owners include a couple of flippers will eventually hear "just push it to your buyer list" when one of them gets a house under contract. Most managers in…
Five months into a paid land buyer network and I've closed zero. 400 a month, so 2,000 spent. The feed sends me 6 to 15 rural and infill lot deals a week, and I've made offers on…
The rule this room repeats is to have a buyer before you buy a mattress, and a worked case shows what that looks like with real numbers. Take a three-bedroom townhouse in a suburb…
Reviewing a deck for a 3.5M raise, two parks in one recreational market, 190 sites combined. Structure is an 8 percent preferred return, 70/30 split above it, five year hold, 2 pe…
Here is a set of planned numbers for virtual wholesaling in a single out of state market, the kind a newcomer to the strategy would rather have corrected early. Ten thousand text…