Someone asked me at a meetup whether they should learn the opportunity zone rules first or go look at buildings first, and I gave a bad answer, so I'm putting it here. The case fo…
I've spent a while trying to pick between buying a small rental and building a REIT position, and I've started to suspect that's a badly formed question. Either they're two routes…
The absorption rebound everyone points to for 2026, the jump toward 220 million square feet, leans on three drivers: reshoring, manufacturing, and data-center-adjacent demand. The…
I'm building a spreadsheet for a first deal and I've got a line called "rehab" and a line called "contingency" and nowhere obvious to put $3,800 of hauling somebody's furniture ou…
I run property management, so operators call me when a luxury flip stops selling and starts costing. The question they ask is whether to put someone in the house while it waits fo…
The elimination of tax on appreciation for holds of at least ten years is the reason most people are in these deals at all, and now that the program is permanent the ten year wind…
I read the NCREIF timberland volatility figure three times before it bothered me. Around 6.9 percent standard deviation against roughly 16 for public equities, and the properties…
What I usually do with a prospective buyer's agent is hand them a live listing and say tell me what you'd offer and how you got there. If they come back with rent comps I can trac…
I'm reading the LP agreement on a 78-lot park where in-place lot rent is $270 and the sponsor's own comp set shows $395 to $425 at four parks within twelve miles. The business pla…
I run mail and inbound for a small team and the number that decides everything is whether someone talked to the seller before the lead goes out the door. Raw inbound with a name a…
My rate card has said the same thing for four years: the fee covers a license to use the images to market that listing, delivered as edited JPEGs, and I keep the files. That was u…
Working through this with a sponsor now and we can't agree, so I want to see where the room lands. Situation shape: a property loses a chunk of occupancy in the second month of a…
16 acres, listed a while, frontage on two roads, priced at about $7,500 an acre. The listing says "possible split" which I've learned means nothing. The county ordinance is online…
I own land and one small house I've held for six years. An inspector I met at a county thing pitched me on what he calls a maintenance inspection. Same walk-through as a purchase…
I run low price point rural stuff, and the house hack question I can't resolve is how long to actually stay after the occupancy requirement is satisfied. The repeat model says you…
I've been reading a gap funding term sheet that a lender publishes as an example, and two lines on the same page seem to point in different directions. One says the loan is secure…
I hold land and small long positions and I've been reading here for a while, and the advice splits cleanly enough that I want to see the vote. One camp says do a performing note f…
I've been circling two people for a paid scope on a 12 unit I'm underwriting, and they're opposites. The first has operated around 300 units over fifteen years, mostly older brick…
I've now read four lease option packages and the assignment clause is where they diverge hardest. Two say the option is freely assignable by the optionee. One says assignable with…
Two proposals in front of me for the same scope, roughly 30 hours a week of admin and light lead follow-up. One is hourly at a rate that only bills time logged, with screenshots a…