every post in the forum, newest first
Looking at a listing for a small park on a state highway about 20 minutes from a lake. The sheet says 40 full hookup sites, 12 pull-through, rest back-in, and then in smaller type…
A grounds and small systems maintenance contractor gets asked by a 90 site park about two hours from a national forest to bid the whole season, April through October: mowing, pede…
Trying to figure out where I fit in this business and wraps keep coming up in every conversation I have, so I read the chapter twice and then read a sample note. Here's the piece…
Say a lender who has only funded second position loans against rentals is asked to fund a same day double close on a vacant lot for the first time. The numbers in a typical versio…
From the paperwork end, the textbook understanding of an assignment is that the wholesaler is selling a contractual position, the parcel itself is never what changes hands through…
This question comes up constantly from anyone buying a first duplex or triplex, and the honest answer depends heavily on the specific building and owner rather than having one rig…
Triplex at $410k, owner-occupied, I'd take unit 1 and the two signed leases on units 2 and 3 are $1,400 each. The appraiser's rent schedule came back at $1,150 market rent per uni…
Take a JV wholesale deal where one partner sources a 3/2 in a working class suburb under contract at 118k, a buyer at 141k, and 23k of spread before title fees, while the other pa…
A story worth telling about what a service contractor learns bidding a data center, because it changes how you read that kind of property. Picture a small commercial cleaning oper…
A case worth walking through in detail, since the mechanics matter more than the headline loss. Say an investor places a 120k gain from a five year hold into a single-asset QOF, g…
Property managers considering adding coordination as a service line often get inconsistent answers when they ask agents what a TC actually does, half describe a calendar and half…
I'm partway through the 20-hour SAFE course and an AE at a fix-and-flip lender told me to stop, that since all their loans are business purpose to entities I don't need an MLO lic…
Here is a financing decision worth working through in detail, since it comes up for almost anyone scaling a flip pipeline past the first couple of deals. Say the plan is six proje…
Take a reverse wholesale relationship with a rental operator running around 40 doors who adds two a month when pricing is right. The operator wants exclusivity. The wholesaler wan…
Picture someone building a buyer list before chasing any property, sitting at eleven investors sourced mostly from two meetups and a couple of cash sales pulled from the county re…
Take a small hospitality fund position: three select service assets, two in secondary markets and one near an airport, a ten year fund life with a five to seven year expected hold…
Read enough hospitality term sheets from the credit side and one thing has hardened. Nobody sizes off cap rate or even off DSCR as the binding test anymore. It is debt yield, and…
Sold a block of stock in 2022, rolled 240k into an operator's project inside a designated tract, ground up 34 units over retail in a mid size southern market. I do a lot of due di…
Two houses in the same submarket right now. One is a 10 room licensed rooming house asking about 90k more than comparable single family stock, license current, inspection file cle…
Worth getting the terms straight before underwriting anything for a client. Say a wholesaler puts a house under contract at 150, assigns it to a buyer at 165, and also holds a sou…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
