every post in the forum, newest first
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…
The tuition is often the smallest number in a bad coaching purchase, and a case worth walking through makes that clear. The pitch that lands is a "strategy fit" call in week two.…
For anyone focused on small rural markets, the line in the new law about extra benefits for rural zones deserves attention. The version repeated at investor meetups is that rural…
A cautionary case worth studying. Say a gain of roughly 612k comes from selling a portfolio of rental properties, and the full 600k goes into a qualified opportunity fund after mo…
Sponsor runs one closed fund at about $14M of committed equity, 96 LPs, and is drafting a second. He wants to hand off all the investor-facing work: quarterly reports, portal upke…
I've been reading two sponsors' updates side by side while I work out what I'd be signing up to owe investors on a first deal. One sends about 300 words every month. Most months a…
Here is a collateral file worth studying, of the kind that turns up on a performing note somebody wants to sell a piece of. The borrower looks fine. Forty-one payments, never thir…
A useful example of investor communication done well, worth studying regardless of which side of a syndication someone expects to sit on. Picture a quarterly investor call for a m…
Take a 1,450 square foot ranch on an infill lot, held eight years for an assemblage that never came together and now going to market. Vacant, clean, 1968 kitchen, nothing wrong wi…
I've done nine passive LP checks over six years and never once negotiated a term. This one is different because the operator came to me directly and there's no PPM, just a draft o…
I've got about $40k that's been sitting since I sold a small parcel last spring. A hotel fund came across my desk through someone I trust, value-add, buying select service propert…
I've been asking managers what they pay for software and getting numbers between $2 a unit and $12 a unit with no explanation of what's in either one. One of them told me the AI l…
Family entity ended up holding a 72-unit garden property attached to a parcel we've been sitting on for years. I know land. I do not know this, and I'm the one reading the agreeme…
A recurring tension in adaptive reuse underwriting. Nearly every conversion pro forma these days carries a policy line somewhere: a tax abatement, a conversion overlay that waives…
Six weeks into taking paid work. Gear is bought and paid for, about $4,300 all in for a body, two lenses, a flash setup, and a tripod, plus $99 a month for editing software and cl…
Say an owner wants better marketing on a vacant two bedroom that is being re-listed, and the agent says get a virtual tour. Two vendors come back at $145 and $340, and both invoic…
I've been putting money into other people's deals for three years and I'm looking at buying something myself for the first time, mostly because I want the residential financing th…
A buyer who deals with commercial package policies in a business context will not blink when an insurance agent quotes a package policy on a fourplex. Then the loan officer says s…
My REIT sleeve paid about $1,900 last quarter across five positions, and the brokerage had reinvestment switched on by default for all of them. I turned it off to think and now th…
Say a single note is carved out of a larger tape. UPB $92,400, last payment October 2022, arrears with fees around $26,000 on top, ask $38,000. A broker BPO shows $141,000 as is a…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
