every post in the forum, newest first
Reading through the definitions, it looks like two different things got filed under one name. Buying a fourplex with FHA money and occupying a unit is a financing structure with d…
Say a sponsor capitalizing a value-add deal offers two ways in for the same $150k inside a self-directed IRA. Preferred equity at 8 percent current with a share of the upside, or…
I've got six passive positions across four sponsors, plus about a dozen sponsor relationships I want to keep warm for the next raise. Right now it's a spreadsheet, a folder tree,…
My first rental is close and I've been building out my screening process, criteria in writing, same questions for everyone, documented reasons for every decision. Someone in anoth…
Anyone sketching how private capital gets allocated across buckets eventually hits mortgage REITs, and they break the sheet. One line for real estate and one line for credit, and…
A common sequencing plan is to run the live in then rent chain through 2 to 4 unit buildings instead of houses. One building a year, live in a unit, then rent the whole thing out…
A useful scenario for anyone qualifying for a third live-in-then-rent property: two done, going for the third, and this is where the qualification math stops being theoretical. Pr…
Permanent crop investing is a genuinely different discipline from residential real estate, and an operator coming from small multifamily should expect the water question to domina…
Everything I read about timberland is written for people buying 20,000 acres. I'm at the other end. What's the realistic smallest way in, and what are the ongoing costs nobody lis…
No deals of my own yet, so when a friend listed her place I offered to handle the staging as practice. Figured I'd learn something and end up with inventory for later. Spent 1,900…
An investor moving from duplexes and a triplex, all self-managed, into an eleven unit building for the first time typically hits a real decision point. Rents on the new building r…
Take a case worth studying in mortgage brokerage. A self-employed buyer pursuing a small duplex, say $268,000, both sides rented, brings paperwork to a broker who produces a pre-a…
A useful cautionary case involves a property manager who lent 40k of their own money to an owner they'd worked with for two years, an owner who came up short at closing on a 6 uni…
Take a 12 unit value add. Total cost $2.6M, senior bridge $2.1M, sponsor equity $250k, and a $250k gap piece on top. Projected 18 months to stabilization, and the exit is a sale w…
There are two very different shapes of data center risk worth weighing against each other for a long hold. One shape: a single tenant, one of the very large technology companies,…
In counties where the median sale sits under $120k and a good rental buys at $65k, the pricing conversation on outside advice tends to break down in the same place every time. The…
At an open house, a seller who stayed rather than leaving, as sellers are usually advised to, can end up asking the visiting investor a very different question than expected: woul…
Been reading offering documents for a few months now and I can't settle this one, so I'll put it to the room. The pitch for non-traded REITs is that the shares don't swing with da…
A private placement deck for a hotel fund is worth picking apart even for someone not writing a check. Value add, three assets, limited service in secondary markets, one repositio…
Got an OM for a 110-key limited service hotel. Price is 9.9m, and then near the back there's a line that says "PIP est. 4.2m" with no backup at all. When I asked the broker about…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
