every post in the forum, newest first
Take a real estate photographer doing 11 to 14 shoots a month at an average of $260, roughly $3,300 gross on about 55 hours of work, gear paid off, Part 107 licensed with a drone,…
Take an operator whose crew has been doing turns and light maintenance for a couple of small landlords for three years. One of those landlords also owns a 12 unit near a regional…
A line that often sits blank in a furnished corporate unit's operating expenses is software and services, because the real stack is less obvious than it is on a long term rental.…
Most of what gets written about opportunity zones talks about funds as if they were large institutional vehicles with a whole back office behind them. That framing does not help t…
Been looking at a 1970s duplex, $198k asking, both sides rented at $875, taxes $2,400, insurance quoted at $1,900. Roof is maybe six years old. It sits inside a designated opportu…
For adaptive reuse, the choice between a fund and a single asset comes down to two different kinds of risk, and a small check may not belong in either. A fund raising a large amou…
Doing diligence on a sponsor's fourth offering, 12m equity target. Their prior three deals list one family office as the largest investor, and from the capital account detail they…
Reading my way through an offering document for the third time and writing down every place money leaves before an LP sees a dollar. 8.4m equity raise, 22m purchase, industrial fl…
Consider a small investment group evaluating an 8 story office building for residential conversion, built in 1974, 96,000 gross square feet across eight floors of 12,000 each. The…
A structure showing up in offering memos now: the sponsor is buying the mortgage at roughly 55 cents on the dollar, the building itself never changes hands at the outset, and the…
Here is a program worth studying for anyone buying small second liens in the $30k to $90k balance range. The common starting practice is to take whatever value sits in the seller'…
On a 2016-built active adult community, 168 units averaging 940 square feet, in-place average rent around $2,190, occupancy in the mid-90s, and pricing to a low-6 cap on trailing,…
Consider a 148 unit purpose built 55 plus community, no dining room, no care of any kind. In place rents average $2,150 and the sponsor's model runs total operating expenses at 32…
I renovate for a living so I thought furnishing would be the easy part. Budgeted 8k for a 2 bed 1000 sq ft unit aimed at relocation placements. I'm at 14,200 and still need a seco…
Furnished corporate housing often shows the best spread on paper among the more hands off strategies. Take a market where a decent one bedroom unfurnished rents around 1,250, whil…
An RFP for two age-restricted communities under one owner, 240 units combined across roughly nine acres, is a useful case for how a single clause can flip a bid's economics. The c…
I asked to see documents on a deal a friend's family is in, mostly to practice reading them. 240 units, $34M purchase, $12M equity, five to seven year hold, $4.8M of hard costs in…
Take a lot bought for 62,000 cash and a finished house that closes at 452,000, eleven months from first excavator to closing table, for a builder new to ground-up construction aft…
Take a seller who carried 148,000 dollars on a duplex sale, with payments landing by transfer into a personal account and tracked in a spreadsheet by interest, principal, and date…
I ran the experiment I'd been talking about for months. Two agents, one small investor, 14 files over about five months, flat $300 per file, paid at close. Nine closed, three fell…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
