every post in the forum, newest first
Consider a small site, 8 to 20 units, under a feasibility period as a first ground-up project. The basic shape: buy or option land, secure entitlements, which is permission from t…
A general contractor who has run framing and concrete crews on apartment jobs for years is comfortable with schedule and hard costs, and can say what a 24 unit wood frame building…
Closed this out in January at a loss of about $101k over 16 months. Fast, thin, and I got the thin part wrong. 4.1 acres on a paved county road, $310k. Zoning allowed six lots by…
Here is a case worth studying, because the part that nearly killed it is the part most sellers never underwrite. Take a plain 2 bed 1 bath, about 900 square feet, three blocks fro…
Looked at from the private lending side, where owning houses is never the goal, wholesaling raises a basic question. Everything written about it says wholesaling requires no money…
Take a small portfolio buyer new to purchasing through a wholesaler, looking at a six unit deal worth working through carefully. The deal: six units, two-bed each, one building, 1…
Before any bids go in, model a 16 percent state with a three year redemption period and watch what the subs do to the spreadsheet. Say the certificate is won at 4,200 face with no…
Here is a first auction scenario the room can work through, because the deposit rules are where new bidders get caught. The setup: an online platform, a county in a bid-down state…
Say an IRA is funding a small private loan and the borrower's attorney drafts the note with the account holder as payee, personally, because that is the name he had. The IRA is th…
Consider 87k of Roth capital deployed into second-lien notes starting in 2022. The book: six notes, all seconds behind institutional firsts on owner-occupied houses in two midwest…
Writing this as the passive side of the trade, because I do not think I have seen this failure described plainly anywhere. Two years ago I put $35,000 into a joint venture with an…
I'm looking at a rural county and pulled the assessor site expecting to see what parcels sold for. There's acreage, an assessed value, an owner name, and no sale price anywhere. S…
A common trap when sizing a first REIT position is building a spreadsheet across too many tickers and too many columns, say nine names spanning industrial, data centers, residenti…
Take an allocator with a target of about 12 percent to listed real estate and roughly 400k to move into it. The default instinct is a slow build, equal tranches over eight quarter…
19 positions, four platforms, first commitment in 2019, last in 2024. Average check just under 5k, about 96k deployed total. Ten equity, nine debt. I tracked it the way I track ev…
I've held land for eleven years and I've never had a tenant, so paper was always going to be the next thing I tried. Same shape as what I already do. Wait a long time, collect som…
Chasing a question I can't settle. A facility built around 2014 for something like 6 to 8 kW per rack, air cooled, decent connectivity, on a feed with modest headroom. Fully lease…
A question that stalls a lot of first JV equity negotiations on one line. Say the operator wants a 1.5% asset management fee on invested equity, paid monthly out of operations, pl…
I own six acres on a state highway just outside a town of about 19,000. Bought it three years ago to hold. Zoned commercial, water and power at the road, sewer is not, there's a s…
A fund deck for a storage portfolio will show a revenue line called tenant protection plan income, in this case at just under 8 percent of total revenue, with a footnote saying it…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
