Trying to decide whether the office uptick people are pointing at is something a service business should build around, and the answer depends entirely on what's driving it. The fo…
For anyone who hasn't run into this yet, when you finance a sale yourself there are two common shapes and they are not the same asset. First shape. You deed the property to the bu…
Offer on the table is 40 seats at $1,900 for a six week thing, recorded plus live calls, I keep 70% of gross and they handle the selling. Roughly $53k to me if it fills. My margin…
Rural county, population under 20,000, and the development authority has an abatement package and a tenant prospect that wants 80,000 square feet on a rail spur that runs past my…
Working through a sponsor's model on a 165,000 sf mid-block office going to 190 apartments, and the exit assumption is doing more work than anything else in the file. The base cas…
I've been reading note and loan sale material because that's the direction I lean, and the office paper is where the discounts are. Sub-performing, maturity defaults, sellers who…
Twenty-two retainers, average $740 a month, mostly listing presentations and property packages with a monthly email. My workflow for eighteen months has been: I draft structure by…
I've been reading pref documents rather than doing them, and the same negotiation appears in every one. The sponsor will concede either economic certainty or timing certainty. Rar…
My scoring sheet has two halves and I've started to notice I only ever fill in one of them properly. The platform half is things like how many offerings they've taken all the way…
I've been underwriting other people's flip requests for a while and I'm finally looking at doing one myself, which means I'm on the other side of the questions I usually ask. The…
I'm looking at my first rent-to-own on the buyer side and the two drafts I've been shown handle the option fee completely differently. In one, the $6,500 goes to the owner at sign…
I have no closed deals, six months of driving neighborhoods and pulling lists. Two local groups will take me. The first one is four people and they want me on acquisitions only. I…
I've spent two months on ordinances instead of listings and I've narrowed to two very different first purchases. I can't tell which one is the beginner version. Option A is a mid-…
I've been reading TC engagement letters for a few weeks because I'm structuring one for a small operation and I want the indemnity language right before anyone signs. Two patterns…
My first purchase is close, and I've started mapping where rungs two and three would come from. Two ways to plan it and they lead to completely different portfolios. Tight radius.…
I've been looking at how people get into TC work and there seem to be two doors. Door one is take an in-house role, salaried or hourly, coordinating for one brokerage or one team.…
I've got a small three bedroom in a working class part of town, owned free and clear, and a buyer who can put 12% down but can't get a bank to look at him. He's self employed, two…
I've spent enough time in zoning files to know the difference between a use that's allowed and a use that's allowed after a hearing, and I'm now sitting between two boarding house…
Half the low-rate loans coming across my desk from the wholesalers I talk to are government backed, and I've watched my team split hard on whether those are workable. The argument…
Coming from zero here. The appeal of land banking to me was that there's no tenant, no roof, no calls at 11pm. You buy it and you wait. Then I read a post where someone found out…