every post in the forum, newest first
Consider a 240 unit deck where the sponsor pays about 2.1 points into a rate buydown and an interest rate cap that runs three years. The alternative on the table was a purchase pr…
A single land campaign that produces one assignment is worth walking through, because the ugly middle is where the money actually sits. The parcel: 31 acres of cutover pine on a p…
Take a 22 acre parcel bought at $6,500 an acre, so $143,000 total. Rolling ground, one existing field entrance, town water at the road, no sewer. Splitting into three lots of roug…
A typical land loan term sheet on a 12 lot split carries a partial release clause: lots are released at 115 percent of the pro rata loan amount, and the borrower must maintain a m…
The clean version of self-directed IRA deployment is passive and unleveraged: interest from private lending, note payments, rent from a property the IRA owns free and clear, capit…
Take a small rental portfolio where the owner has always shot their own listing photos to save money. Say a two bedroom unit at $1,450 a month gets shot on a phone at 4pm on a Thu…
I'm not under contract yet, I'm doing the paperwork side first because that's how I do things. Reading two documents that don't agree. The property is a 4 bed 2 bath, and my plan…
The ordinance for the town I'm looking in says a single-family dwelling is for occupancy by one family. Then the definitions section says family means one or more persons related…
When a newer investor asks whether a subject-to deal is reasonable as a first purchase, the honest answer sits on both sides. The case for doing it early: the deal does not need t…
A useful way to evaluate whether to take on a third IR client is to log time to the quarter hour and compare margins across existing accounts. Client A: 90 LPs across two apartmen…
Consider a $1.1M call on a 2021 bridge deal. The rate cap expires in five months and the money is the extension quote plus a reserve top-up the lender wants sized. Forty-two LPs.…
I hold land and long-term rentals and I've been prospecting owners directly for six years, so I've watched my own connect rate slide from something like 11 percent down to under 4…
Closed and done, so this is the postmortem. 74-key hotel in a beach town, three blocks off the water, no meeting space, heavy leisure. $180k into an LP raise of $6.4M against a $1…
Scope creep story, since people keep asking me for one. Upstairs bath had no fan, just a window. Cheap fix, cut in a fan, run four inch flex to a roof cap. My guy opens the ceilin…
I'm building the screening file I'd use if I ever offered a rent-to-own on the house I'm about to close on, and the standard tenant screen doesn't answer the question I actually h…
For an investor whose income already moves with the market, the appeal of a non-traded REIT structure is often less about return and more about not watching a ticker swing on unre…
I'm brand new to this, so please assume I know nothing. Someone at a meetup pitched me on a 3 bed house he'd sell me at 240,000 already set up for room rental. Furnished, tenants…
A seller exiting a house already operating as four rented rooms will call it turnkey, and a buyer coming from the lending side of the table is right to build a real setup budget i…
Sitting with a 9,400 sf building, two suites, one of them a former imaging tenant that left behind lead-lined walls, a reinforced slab section and a 400 amp service. Seller is pri…
I've been doing diligence on medical outpatient buildings for about a year and I keep landing on the same fork, so I want to see how the room splits. Quick definition for anyone n…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
