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DiscussionSelf-Storage (Capital Scale)

What does "portfolio aggregation" actually mean in storage? Buying facilities or buying companies?

Storage is new to me even after years of underwriting other assets, and I keep hitting the phrase portfolio aggregation in every deck I read. Sometimes it seems to mean a fund buy…

dpatel_reCS4AAnswered4 replies

Happening NowSelf-Storage (Capital Scale)

My fee on a 19-property roll-up is tied to portfolio occupancy

This came to me through a manager I've done small jobs for. A platform is aggregating storage in two states, 19 facilities under contract or owned, targeting around 30 by the end…

13NnataliehsuSO1BPRO10Answered9 replies

Story

A protected oak cost me two years, then saved me an $11k service upgrade

I started this in 2022 by walking into the planning counter with a hand drawing of a cottage over my detached garage. The woman at the counter looked at it for maybe eight seconds…

ehernandez74PO2BPRO76 replies

Happening NowDriving for Dollars

Twenty two addresses from one Saturday. Now what?

I finally stopped reading and drove. Three hours Saturday morning, one older neighborhood on the edge of town where the houses are 1950s ranches and about a third of them have bee…

aaron_fitz10 Get yoursPRO151 reply

DiscussionDriving for Dollars

How many streets do I actually have to drive before I have a usable list?

I've been mapping out a route for a few older neighborhoods near me and I've got about 40 addresses logged so far, mostly overgrown yards and one house with plywood on a side wind…

luis_carrera Get yoursAnswered2 replies

PollTitle Company / Title Services

Fifty year old land chain. Do I pay for the extended search?

Rural parcel, roughly 90 acres, and the abstract goes back further than anyone's institutional memory. The title company quoted me the standard search plus an extended examination…

karen_whitfieldPG4APRO74 replies

WinPrivate REITs (Investor)

Ran a live redemption test with 12k before I sent the rest

I had 85k sitting from a business payout and had narrowed most of it to a public non-traded NAV REIT. The exit was the part I couldn't get comfortable with, so I bought a small sl…

aaron_fitz10 Get yoursPRO1522 replies

PollSyndications: GP / Sponsor

The promote in this $60M fund aggregates across all eight assets

Got the PPM Friday. Two deals with this group as an LP, both mid-size value-add multifamily in secondary markets, both still holding, both roughly on plan. The next vehicle isn't…

marcus_hale41CG4A5 replies

Happening NowSelf-Storage (Capital Scale)

Sold half my service book, $150k to place, one facility or a piece of a fund

Sold the commercial half of my service business in the spring and I've got $150k sitting in a money market while I figure out what it's for. Storage keeps coming up in conversatio…

monica_tran3SF4CPRO117 replies

PollAssisted Living / Residential Assisted Living (RAL)

Pay up for a licensed home with residents in it, or take a plain house through licensing myself

Two houses I looked at this month and they are almost opposites. The first is a licensed 6-bed with all six beds filled. The seller wants a number that works out to roughly the ho…

luis_carrera Get yours2 replies

LossCo-Living / Room Rentals

A single tenant emptied a four room house in five months. $6,100.

Closed on a 4 bed 2 bath last year, decent street, mid-size city, no HOA. Whole house lease would have been around $1,850. I filled four rooms at $675, so $2,700, and I furnished…

carlos_nunezActiveAnswered28 replies

DiscussionCo-Living / Room Rentals

Is there licensing or a special insurance policy for renting bedrooms out separately

Trying to work out where a service business could sit around this, and the licensing part keeps stopping me. For a normal rental I understand you mostly need a landlord policy. Fo…

30NnataliehsuSO1BPRO10Answered1 reply

PollAdaptive Reuse / Conversion Projects

Sale at CO, or a hold through stabilization, on a conversion?

I'm modeling a 24 unit conversion out of a 1970s office building, all-in around $4.6m, and the two exits produce different projects, not just different returns. Sell at certificat…

samantha_ruizAU4APRO53 replies

WinLuxury Specialist Real Estate Agent

One referral paid more than my last four months of analysis

I have been circling deals without doing one for a while, which people here know. This isn't a deal. It's the first money the license has produced and the mechanics surprised me e…

luis_carrera Get yoursAnswered10 replies

PollNote Buying (Non-Performing)

Cheap paper in slow judicial states, or pay up for a state where you can move?

I'm still costing out a first deal and this is the fork I can't get past. The tapes I've been sent split roughly along foreclosure procedure. In the judicial states, where the len…

aliyah_bAU2APRO92 replies

PollOff-Market Deal Sourcing

If you only get one outreach channel to start, which one?

I've got about $400 a month I can spend on outreach and maybe ten hours a week. I pulled a small list off a platform trial (absentee owners with long tenure in two zip codes, abou…

megan_doyle15 Get yoursAnswered29 replies

LossInvestor-Friendly Real Estate Agent

Three dead deals with an agent who buys for his own account

Signed a 9 month exclusive buyer rep last spring with an agent who marketed himself as investor-focused, which he genuinely was. He also runs a flip business, which I knew and did…

bmoreno23AB1B7 replies

Happening NowResidential Property Management

The fee sheet says "8% + services." What counts as services?

I'm working through the licensing coursework and doing informational interviews with local management shops so I have some idea what the job actually is before I ask anyone to hir…

24Rryanmck27SC2C1 reply

DiscussionResidential Property Management

In-house maintenance vs 10% coordination markup at 600 doors

I do HVAC and plumbing work for a management company that runs about 600 doors, mostly single family and small multi. They bill owners my invoice plus a 10 percent coordination ch…

mitchell_ray4 Get yoursPRO12Answered3 replies

PollLive-In-Then-Rent

Move each converted house onto investment debt, or keep the owner-occupant loans and fight DTI every time?

I'm three rungs in and the qualification problem is now bigger than the deal problem. The first two houses are on owner-occupant loans at rates I will never see again. Third one c…

priya_n21PO1C14 replies

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