every post in the forum, newest first
Driving for dollars is the task nobody wants to do themselves, which is exactly why there is a service business in driving routes and selling the addresses to local investors. The…
A common and repeatable failure in real estate media pricing is setting a flat rate off a spreadsheet estimate and never checking it against actuals until a quarter has already pa…
A friend syndicated a small apartment deal, 22 LPs, and asked me to handle the investor emails for $600 a month. I said yes over coffee. Nothing in writing about what I was and wa…
A useful cautionary case in permanent crop acquisitions. Take an 88 acre vineyard in a cool-climate wine region, 71 planted, average vine age 18 years across five blocks, asking $…
I do HVAC and light electrical work, mostly for a handful of small landlords. One of them sold a house on owner financing three years ago and the buyer stopped paying nine months…
A question that comes up constantly from newer note investors. The pitch is that non-performing second liens can be picked up for a couple thousand dollars each, which sounds like…
I'm mostly on the rental and screening side, so treat me as an outsider here, but I've been helping someone sort a dispo buyer list and the numbers are strange enough that I want…
Trying to price out a start and the dispo model keeps coming up as the cheap entry because you're not buying anything and not paying for marketing to find sellers. My count so far…
First deal after a long stretch of research and no purchases, so I'll skip the part where I explain why it took so long. Two tenant shallow bay, 14,000 square feet, built 1996, 22…
Here is a document worth reading closely, with LP paperwork for a 400-space garage in a mid-size downtown at roughly $18M total capitalization as the example. Assume no prior park…
Consider a 45 space corner surface lot asking $1.1M with trailing NOI around $78,000, about 7.1 percent on the income alone. The site was a branded gas station until 1987. Tanks w…
Take a $240,000 purchase where the buyer's side of the settlement statement carries about $6,300 of items with no obvious home. Loan origination of $2,400. Title and settlement fe…
Take an operator running four rentals whose books stopped being real. Everything running through one business checking account, deals in progress mixed with rentals, and every Mar…
I've run this spreadsheet three times and the answer changes every time, because I don't know what belongs in the occupancy row. Duplex, one side would be the test unit. Unfurnish…
First furnished unit, a 2 bedroom condo I bought last year and switched over from unfurnished. This is the part I got wrong and it wasn't the furniture or the pricing. I listed at…
After looking at cases where an office deal went wrong, it is worth studying one that held up. In early 2023, new equity comes into a recapitalization of a newer office tower in a…
Two parks came across the same week from two brokers, twenty minutes apart in the same county. I'm nowhere near buying either, I'm trying to understand the spread. Park A, 52 lots…
The wholesalers who keep calling me have me trying to figure out what they're actually doing, and my own work is on the rental side, so treat this as an outsider's question. What…
A disciplined approach to a public REIT allocation is easiest to see in a full cycle example. Take 140,000 allocated to a REIT sleeve, deployed in four tranches over about five mo…
A pattern worth noting from time spent in kitchens right after a wholesaler locks up a house: two sellers in the same month made the point clearly. The first, an older man whose w…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
