every post in the forum, newest first
I've been reading vendor proposals for six weeks and I want someone to poke at the arithmetic before I sign anything. Vendor A prices per delivered lead. $75 for what they call a…
The two decade figure of roughly 9 percent annualized on the all equity index keeps getting used as the case for owning REITs broadly. The problem with using it as a planning numb…
A common mistake is moving money into something liquid, wanting real estate exposure with income, and screening on yield alone. REITs pay out most of their taxable income and yiel…
Land wholesaling appeals to a lot of people precisely because there is no rehab in it, no construction knowledge required. But the two shapes of a first deal teach very different…
I've been pricing my first deal from the outside for a while and I finally built the daily hold number instead of a lump sum contingency. Interest on hard money at a rate I'd have…
A cautionary pattern worth knowing before joining a paid wholesaling group built around a shared buyer list. One such group ran off a paid chat at 199 dollars a month, with the dr…
Look at this from the money side rather than the contract side. A common micro network structure has one member sourcing and another bringing the end buyer, with the spread split…
A colocation lease abstract looks almost nothing like the leases most investors are used to reading. Rent is quoted per kW per month. There is a defined critical load figure that…
Consider a mezz note participation on a 24 MW powered shell under construction in a Sun Belt secondary market with cheap industrial power. Senior construction debt of 46 million s…
Take a 12-unit, 1978 brick, two-story walkup in a stable working class submarket, rents averaging 1,050 dollars, gross potential 151k, in-place collections about 141k, previously…
1,100 square foot ranch, contract at 132, ARV I had at 205, scope I had at 24. First deal, six months of looking, and I got excited enough that I priced LVP and picked a paint col…
Closing the books on a quarter of sourcing spend can change the deal answer depending on where the cost gets loaded. Say a campaign runs 3,400 in data and postage over eight weeks…
Take a first loan funded on a 4 unit collateral, brick, all four occupied at under market rents, in an inner ring working class suburb. An as-is appraisal at $455k supporting a lo…
Someone who already collects rent from tenants might assume that collecting a mortgage payment works the same way, and that self-servicing the first note is a reasonable way to le…
I'm getting licensed and doing a lot of reading on the side, and hotels are the one property type where I can't follow the ownership picture. With an apartment building I understa…
Reviewing a hospitality fund allocation. 300m target, five to seven year hold, 2% management fee on committed, 8% pref, 60/40 above with a full catch-up. Sponsor's stated strategy…
Take a general contracting crew moving from a solo operator plus a helper to three carpenters on payroll. The structure that makes that survivable is signing investors to reserved…
Vacant three bedroom I closed on last week, previous occupant left about half a house worth of stuff plus a shed. I got two numbers. The first is a real company. Certificate of in…
Two things on my desk this week and they point in opposite directions. Deal A. Single tenant pharmacy-format box, roughly 13,000 sf, investment grade parent on the guaranty, 15 ye…
Before I put time into this method I keep trying to price it honestly, and I come at it from the capital side. A pulled list of absentee owners with high equity in one zip runs me…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
