Take a portfolio of three parks running 42, 39 and 67 lots, all within about 90 minutes of each other. An onsite resident manager, paid in a lot rent credit plus a small monthly a…
I've been trying to work out where a service-side person fits around probate investors, and the split that keeps coming up is whether outreach and underwriting should sit in the s…
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…
Deciding between a small rental and a REIT position often starts from a badly formed question. Either they are two routes to the same exposure, in which case the comparison is fai…
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…
The absorption rebound projected for 2026, toward roughly 220 million square feet, leans on three drivers: reshoring, manufacturing, and data-center-adjacent demand. The first two…
When a luxury flip is finished and the buyer does not show up, the property stops being a project and starts being a monthly bill. The question that follows is whether to put some…
The elimination of tax on appreciation for holds of at least ten years is the core reason most investors enter opportunity zone deals at all, and now that the program is permanent…
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…
One common test is handing a prospective buyer's agent a live listing and asking what they'd offer and how they got there. An agent who comes back with rent comps that can be trac…
Take a 78-lot park where in-place lot rent runs around $270 and comparable parks nearby show $395 to $425. A business plan projecting $410 by month 14 is mechanically available if…
A standard rate card often covers a license to use images to market one listing, delivered as edited JPEGs, with the photographer keeping the files. That arrangement tends to hold…
For a mail and inbound operation, the number that decides everything is whether someone talked to the seller before the lead goes out the door. Raw inbound with a name and a numbe…
Sponsors genuinely split on this one, so it is worth seeing where the room lands. Situation shape: a property loses a chunk of occupancy in the second month of a quarter. Not a ca…
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…
Owner-occupant financing requires living in the property for a minimum period, commonly around a year, and what to do once that clock expires is one of the more genuinely debated…
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 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'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…