Here is a scenario for the room. An LP is reading the LPA and PPM on a $180m storage aggregation vehicle. The stated plan is 22 to 26 facilities across three secondary metros, rou…
A common choice offered by fix and flip lenders is between a fractional interest in a single note and a position in the lender's pooled fund, and the two are not paying for the sa…
Consider a bridge lending scenario like this one. Single family, 1,450 square feet, built 1978, second ring suburb of a Sun Belt metro. Notice of default recorded about 11 weeks e…
A buyer-broker agreement is worth reading closely before signing, which apparently makes a buyer unusual. Three clauses that come up often and deserve plain-language attention. On…
Take an LP allocation in a 148 bed purpose-built student housing property about half a mile from a mid-size public flagship. A sponsor showing 96 percent pre-lease for the coming…
I've been at this a year with nothing bought. Two weeks ago I sent a consultant a small multi I'm looking at, 4 units, $180k asking, self managed by an owner who's 78 and hasn't r…
Three and a half years into what was sold as a 24 month entitlement play, and there is a capital call notice sitting on my desk. Deal shape: 140 acres of raw ground on the growth…
Consider a subject-to opportunity that arrives through a personal referral rather than active sourcing, which is a common way these deals first appear to someone new to the strate…
This started as a flip. 1940s farmhouse, decent bones, 168k in at auction, and I figured 60k of work and out at 310. The listing said "12+ acres" and I read that as land, which ar…
Pulled 800 absentee owner records in a metro about 1,200 miles from me, single family, 15 plus years of ownership, out of state mailing address. Trace ran $0.12 a record so $96 al…
I have money to place and haven't picked a lane yet, so treat this as a beginner question about the model itself. A sponsor sent me a one pager comparing two scenarios on the same…
I've been mailing a small absentee list for a first rental, badly and slowly. What actually happened is a woman two doors down from a property I mailed called me because her siste…
I do cleanouts and staging for a couple of estate attorneys, and one of the families said they'd rather sell me the house than watch it sit through another season. So now I'm hold…
Take a 110 site park with 8 cabins putting out a request for a season contract covering cabin turns, two bathhouses, and two camp host couples. Stated budget is 96k for the season…
A useful scenario for the room: an estate sale at the high end of a small market, 4,900 square feet on just under two acres, with three listing agents pricing it between 2.6 milli…
My mom's old coworker runs a small investment group and they're buying a 96-key limited service hotel off an interstate exit, two brands within a mile of it. He asked if I wanted…
House I'm under contract on has maybe a room and a half of junk plus a garage packed to the door. Previous owner left furniture, a lot of boxes, an old riding mower, and what look…
Here is a documents problem worth working through, because it eats more time than picking names does. Say the target weights for the base layer of a REIT sleeve are industrial 25,…
Lead came off a pre-foreclosure pull combined with equity over 55 percent and 19 years of ownership. Owner is behind, wants out before the sale date, and has been clear he does no…
@renee_dubois a 22-unit deal bought at 2.4M with 1.35M of LP equity across six investors, 34 months into a seven year hold, distributions running 5.5% annualized with one skipped…