every post in the forum, newest first
Put two storage fund decks side by side and they often describe the same asset class in ways that barely overlap. One says the money comes from the rent. Facilities collect monthl…
Third house of the year, small three bed, bought at 96k, put 41k in it, rented at the number I underwrote. Appraisal came back where I wanted it. I was in the boring part of the f…
Reading a state's tax foreclosure chapter next to a county treasurer's own procedure sheet often turns up a mismatch on who gets served. The statute typically lists record owner,…
I spread 12k across six equity deals on one platform over about eight months, 2k each. Different states, different property types, two small multifamily, one self storage, one ind…
A case worth studying, because the thing that breaks is the line that was modeled most confidently. The asset is a 104 key extended stay in a secondary market, bought at $9.5M wit…
First parcel, first anything. Asking was $74,500 for 11 acres about 40 minutes past the last subdivision on a state route, gently rolling, county road frontage on the north side.…
Take a listing for 5 acres at 12,000 where the seller says the property tax is about 180 a year, and a buyer whose plan is simply to own it and let it sit, which is land banking.…
I own a three bedroom, live in it, and had two empty rooms doing nothing but holding boxes. Six weeks ago both are rented and I want to write down what happened while it's still f…
There are three ways to own self storage without running it, and they turn out to be three different bets wearing the same name. Public REIT shares give an investor daily liquidit…
Building a channel comparison for an acquisitions budget, and the SMS column looks too good, which usually means something has been left out. Mail: 10,000 pieces at $0.62 all in,…
Anyone pricing a small calling service runs into a wild competitor spread. Per lead, 25 to 60 dollars. Per appointment, 80 to 150. Per caller hour, 7 to 12, with the dialer billed…
Take an investor with a small rental portfolio looking at a non-traded REIT for the part of the money that should not be tied to a roof. The offering says distributions may be fun…
A public non-traded REIT with roughly 62% of trailing year distributions funded from cash flow from operations, with the remainder coming from offering proceeds and a fee waiver b…
I already do back office work for a handful of small landlords, so bookkeeping looked like the obvious adjacent line. Recurring, sticky, the clients were already asking. I signed…
Twelve month contract, ended it at month nine by mutual agreement. Writing it up because the failure was entirely in one assumption and it's an assumption a lot of people are maki…
For anyone writing positioning for a property management arm, there are two honest versions of the same page, and the choice matters. Version one leads with compliance. Local regi…
I'm brand new here, so treat me accordingly, but a broker who knows I'm looking sent me a package and I'd rather learn on a real set of numbers than a blog post. 1962 office build…
Take a three story office building from 1963, about 22,000 gross square feet, asking $1.4M. That works out to $64 a foot for a structurally sound building, which sounds like a gif…
I'm still in the reading stage on this, no house yet, and the lease term question keeps stopping me. Every room-rental owner I've talked to splits into two camps. One camp does tw…
Take a case where a trusted contact calls about a relative's empty house, the family wants it gone without listing it, and the person fielding the call knows exactly what that kin…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
