Been reading through an offering on a flex condo project, the larger owned units with power and water aimed at people who want more than a standard storage unit. Boat and RV owner…
I've spent most of my time on land and zoning, so the operating side of a storage facility is new territory. A vendor sent me a quote for a management platform that was priced per…
Following up on my earlier thread about start costs. I went with the cheap version and it took longer than the spreadsheet said. Six weeks, 140-odd calls and texts, 22 people who'…
Working out what my first deal actually costs, and furniture is the line I keep rewriting. Quotes I have, buying mid range from a warehouse store and assembling myself: bed frame,…
Everything I read frames the REIT-to-private valuation gap as a reason to deploy into listed. My underwriting keeps producing the other resolution. Concretely: my private open-end…
Five years into running the service business and I finally have 60k that isn't reserve money. I don't want to buy a rental, I've watched enough of my clients deal with tenants. So…
I've done four contracts on my own and every one of them took forever to move. The last two I marketed for three weeks each and ended up assigning at a lower fee than I signed up…
Co-invest slot next to a sponsor I've done one small industrial deal with, and this is bigger and further outside what I know. Numbers as sent: Upper-midscale, 118 keys, secondary…
Retainer client of two years, video and social for a small brokerage, gave notice last month. Amicable. Then the request came in: all raw footage, the edit project files, the cont…
I spent most of last year convinced the answer was my own brokerage. Ran the costs, talked to three broker owners, and ended up doing something less interesting that worked better…
Looking at an upcoming deed sale in a county I know the construction side of well. Parcel is a 1940s balloon-frame house, opening bid $9,400, which is four years of taxes plus fee…
Sitting on $400,000 earmarked for something with predictable cash behavior, and certificates keep coming back as the answer because the return is written into statute rather than…
My first rental is residential and closing soon, so I've spent months on screening tenants for houses. A 1,400 sf end bay in a small strip near me is for sale and the seller's lea…
Been talking to a seller about a house on a double lot (the lot is honestly the part I want). His agent told me the seller would "wrap" his loan to me, then in the next sentence c…
Wrote this up because six months ago I couldn't have explained subject-to out loud. What it means: the seller's mortgage stays in her name, the deed comes to me, and I make the pa…
Trying to understand the rent side before I understand anything else. My understanding is that there's a published number per bedroom count for an area and the housing authority w…
I do documents before I do properties, so when a family member asked me to paper the lease on a voucher tenancy for a small single family he owns, I treated it as a drafting exerc…
I've got a 120-space lot on the edge of a downtown core, bought two years ago mostly for what it can become. There's a rezoning process running that could let a mid-rise happen on…
I've been tracking my own offers for the last fourteen months because I couldn't tell whether the inspection contingency was costing me deals or saving me money. Nine offers, four…
Closed last month on a small facility I bought in 2017 as a diversification off the land holdings. 190 units, about 21,000 rentable square feet, half-hour outside a mid-sized metr…