every post in the forum, newest first
Under contract at $1.03m on a 46-lot park, 35 occupied, lot rent $340, city water and sewer, all pads served and metered. The 11 empty pads are the entire reason the price works.…
Take a dispo partnership where two acquisition-focused wholesalers with no dispo capacity offer 40 percent of spread on deals sold. A combined trailing six months of 47 contracts…
Contract at $182,000, buyer at $221,000, so $39,000 gross. Buyer's agent saw the assignment amount on the draft statement and now they want a double close so their client isn't st…
Consider a 9,100 square foot single tenant discount retail box in a small upper midwest town, population around 6,000, on the main commercial strip across from a grocery anchor, b…
I'm reading the lease summary on a dollar store building, 9,100 square feet, and the listing says NNN in big letters. Then page three of the abstract says landlord is responsible…
This one is worth laying out because the failure sits in the research step, and that is the cheapest step to do properly. Take a 2-unit property bought in 2019, each unit 3 bed 1…
Take a guarantee form on a 12 month August to July lease. The student is a sophomore and the parent signs as guarantor for the full term. If the student transfers in December, the…
Consider a case where an owner sells a duplex and carries the paper instead of taking cash, which is a common way sellers end up on the lending side without planning to be there.…
Long holds are my usual thing so this was out of pattern for me, and I want to write it down while the numbers are still fresh. Single story plus mezzanine light industrial buildi…
I'm new at this, so here's the beginner question from the back of the room. When people here talk about conversions the numbers are in the millions. I want to know what the floor…
I went to a local real estate meetup mostly to figure out what jobs exist in this business that aren't buying houses. Ended up next to a woman eating the free pretzels who said sh…
Reviewing a $34M multifamily acquisition. $11.5M of LP equity, bridge debt at SOFR plus 340 with a rate cap that expires in 14 months, interest-only, two 12-month extension option…
@sonia_alvarez moving from the debt side to a $50k LP slot in a 96-unit deal is a good moment to get the capital stack fully clear before wiring anything. The basics: the lender h…
A common structuring question for a small group of wholesalers operating informally and looking to formalize after a string of closed assignments and a couple of costly disputes.…
Coming from residential I have one move. ARV, comps, repair number, done. Everyone I email understands that language. Sent my first small commercial thing out last month, a 12 uni…
Comparing agency and credit mREITs comes down to which risk a public market investor is actually paid to hold. On the agency side, the mortgage-backed securities carry a guarantee…
Self-managing has been fine at two units and it's getting sloppy at four. Rent comes in three different ways, my repair receipts live in a photo album, and I did a lease renewal f…
I have read this room for months and mostly kept my questions to myself, but I have a building under contract and the numbers have a hole in them I cannot close. Fourplex, 1962, 5…
A portfolio construction question rather than a deal question, and it deserves a sanity check from people who underwrite for a living. If a typical equity offering has some real p…
Consider an investor with 15k available and roughly a 40% chance of needing that cash in about two years for equipment. That uncertainty rules out most equity crowdfunding deals,…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
