every post in the forum, newest first
Here is a case that shows exactly what a zoning verification letter does for a unit count mismatch. A fourplex, two up two down, $585k, in a first ring suburb where current zoning…
The duplex I'm looking at has a single water meter for both units, and the seller's statement shows water and sewer around $180 a month, paid by the owner. My agent said just add…
If I'm going to find houses for other people's money, I want to know what the overhead actually is before I quote anyone a fee. What I think I need: some kind of list pulling soft…
Consider a wholesaler moving from assigning on their own account to getting paid for sourcing itself, working with a fund that wants 20 acquisitions in twelve months inside a defi…
A subscription agreement often contains a sentence worth stopping on. The platform describes itself as the portal and the technology provider. The issuer is a separate LLC control…
Take a small striped lot, 12 spaces, sitting behind a row of five storefronts in a town of about 30,000, with the seller one of the storefront owners leaving town. Say nine spaces…
I've been sitting down with owners to figure out where a service business could actually be useful, and parking keeps producing the same complaint. One owner with two garages, bot…
I've been an LP in five deals with the same sponsor, all one-off syndications, all fine. They're now raising a $40M value-add multifamily fund and sent me the PPM. I've read it tw…
Diligencing a first-time value-add multifamily fund. Terms are 2% on committed capital during a three-year investment period, stepping to 1.5% on invested capital after, 8% pref,…
I came into this from a completely different line of work and had no chance of buying a property with what I had saved. 25k, no local market knowledge, no time to renovate anythin…
I've spent most of my time on raw land, so storage is new to me. What pulled me in is that the sector seems to be arguing with itself right now and both sides sound reasonable. Th…
Consider a 22,000 sf single tenant suburban office, two story, built 1998, roof replaced 2019, occupied entirely by a regional insurance back office at $14.50/sf NNN with 4.5 year…
A common pitch at local meetups: a sponsor group doing office to apartment conversions offers a $50k LP unit. The terms are an 8 percent pref with a 70/30 split after that and a t…
Still a little stunned so I'm writing it down while I remember the order things happened in. Seller was an out of state owner who inherited a 3/1 from an aunt, had been paying the…
Every wholesaling video says the wholesaler sells their equitable interest rather than the property, and almost none of them explain what that is. If the wholesaler never takes ti…
Land banking in its pure version is buy raw land, make no improvements, collect nothing, wait. Then almost every person I talk to who actually owns acreage mentions some small inc…
18k into a value-add multifamily deal on a platform I'd used twice before. 64 units, midwest secondary market, sponsor's plan was interior renovations on turnover, push rents abou…
Take a small operator running three licensed rooming houses who has spent five years having the same cleaning crew in and out four days a week on his largest building. He is 71, w…
A line item startup budget for a six room boarding house is worth pressure testing before any offer goes in. Take an existing single family in a jurisdiction that lists rooming ho…
A small team lost their in-house coordinator with two weeks' notice in the middle of their busiest stretch. I picked up 11 active files at $325 each, flat, invoiced at close, on a…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
