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DiscussionData Centers (Passive Hold)

Everyone in this sector says "secured power" like it's a document you can hold

I've now read the phrase secured power about forty times in various writeups and every single one treats it as the thing that makes an asset valuable, which I believe. What I can'…

tylerbrooks9PassivePRO4Answered4 replies

LossData Centers (Passive Hold)

Nobody will tell me what stage the power is at on my 50k

This is a small loss by the standards of this room but I'd rather write it up than pretend it didn't happen. Early last year a guy I've done renovation work for put together an LL…

omar_haddadActivePRO17Answered2 replies

DiscussionWholesaling

what am I actually paying for every month to keep deals coming in

My monthly software bill has crept up and I can't tell what's earning and what's just sitting there. Right now I'm paying for a data platform, a skip tracing account, a dialer wit…

joe_delgado5AP4CPRO45 replies

Happening NowWholesaling

Lending against an assignment fee, and the security won't work

An operator I've lent to twice on rehabs asked for something different. He wants $18,000 for 30 days to cover earnest money and a small non-refundable extension on a contract he's…

sonia_alvarez Get yoursPRO60 replies

LossReal Estate Syndications (Limited Partner)

Needed my money in year three of a five year deal, so now I know what illiquid means

I wrote $80,000 into a multifamily value-add deal as a limited partner. 1980s vintage, 180 units, business plan was renovate and raise rents. Target hold three to five years, proj…

ehernandez74PO2BPRO718 replies

PollSyndications: GP / Sponsor

Does the sponsor's own money in the deal tell you anything, or is it theater?

Signals that are cheap to fake make me suspicious, and "the GP is co-investing alongside you" is starting to look like one. Two decks on my desk this month both lead with it. One…

monica_tran3SF4CPRO112 replies

WinSyndications: LP (Capital Provider)

Called eight prior LPs before committing. One call justified all of it.

Before my first LP position I asked the sponsor for references from investors in their earlier deals. They gave me six names. I found two more myself through a local investor grou…

mikeoconnell7SP2APRO171 reply

DiscussionSyndications: LP (Capital Provider)

How many deals before an LP book stops being a bet on one sponsor?

Working through sizing and I keep landing somewhere unsatisfying. Say 400k to deploy over roughly three years, minimums of 50k, so call it eight positions. If I spread eight check…

11Sstephen_ok9CO2CPRO414 replies

LossMobile Home Parks (Capital Scale)

$11k building a park pipeline, paid on one of two closings

The clause was three words long. "Exclusively sourced by consultant." I read it, thought it meant the parks I brought them, and signed it on a phone call. Setup: a mid-size aggreg…

13Rryanmck27SC2C22 replies

LossMezzanine Financing

Put $80k in a mezz position and got back nothing

Writing this out because I'd have wanted to read it two years ago. A sponsor I'd met through the management side raised a $2.6M mezz piece behind a $7.9M senior on a 60 unit value…

tonyv88SO4CPRO63 replies

Happening NowDispo / Marketplace Services

Forty percent of spread, or a flat 3,500. Two wholesalers, same week.

Situation as it stands today. Two wholesalers in the same metro, both doing about three contracts a month each, so call it six a month coming to me. Their reported average gross s…

derekj19SB1BAnswered14 replies

DiscussionDispo / Marketplace Services

There's a $10k buyer premium on top of the price, is that the dispo fee?

I'm looking at a small rental off one of these deal marketplaces. Listed at $142,000 and then further down there's a line saying a $10,000 buyer premium is due at closing, payable…

tylerbrooks9PassivePRO4Answered1 reply

PollMobile Home Parks (Capital Scale)

Lending against a park versus lending against an apartment building: which collateral would you rather hold?

I've been comparing two loan requests and the collateral question is bothering me. One is a 96 lot manufactured housing community, tenant-owned homes, lot rent well under the loca…

sonia_alvarez Get yoursPRO61 reply

WinData Centers (Passive Hold)

A transformer nearly ate the pref on my way out of a 24 MW shell

Closed out a passive position last month that I've been in since 2022, and the useful part isn't the return, it's which document turned out to matter. Deal shape: a two-building p…

9Bbrandonlee36Passive16 replies

PollPublic REITs (Capital Deployment)

First REIT sleeve: even across the sectors, or lean into the ones with tightening supply?

I have a list of nine names and a broad index fund written on the same page and I keep switching which one is underlined. Not buying yet. The tilt argument is straightforward. Sup…

devon_pierce Get yoursPRO144 replies

WinJV Wholesaling

Gave away half of 14k on the first deal and would do it again

Contract at 132k on a 1980s 3/2 in a subdivision where everything sells. Seller had moved for work and had a tenant who stopped paying. Assigned at 146k. Fee 14k, split 50/50 with…

devon_pierce Get yoursPRO14Answered5 replies

PollHotels / Short-Term Lodging (Passive Hold)

If I want no phone calls, is owning a hotel REIT the same trade as a slice of one hotel?

I run a handful of small rental units, so I know what operations feel like, and hotels look like operations with the volume turned all the way up. I don't want any of it. What I d…

11Bbrandonlee36Passive7 replies

PollReal Estate Syndications (Limited Partner)

LP positions inside a self-directed retirement account, or keep them taxable

I've been reading the same argument in two directions for weeks and I want to hear it from people who've actually done it. The case for using a self-directed IRA: syndications tak…

18Kkevin_lombardPG1BPRO176 replies

Happening NowBird Dogging / Lead Finding

Asked to drive by six addresses for $50 each and report back. No fee if he buys.

An investor I met through a contractor I know sent me six addresses and asked me to go look at each one, take exterior photos, note whether it looks occupied, and tell him if ther…

37NnataliehsuSO1BPRO10Answered5 replies

DiscussionBird Dogging / Lead Finding

Where is the line on "passing a lead"?

I do a lot of due diligence on passive positions and I've started noticing distressed houses near the ones I look at. A friend who flips said I should just send them over and he'd…

marcus_hale41CG4AAnswered1 reply

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