every post in the forum, newest first
Everyone in this room treats the first conversation as the audition, and it often is. The part that takes longer to accept is that a no on a specific deal is almost never a no on…
Take a first lien bought in Ohio six weeks ago, $34k into a note with a $71k UPB on a property that last sold for $88k in 2019. Say the servicer is SN Servicing out of Eureka and…
The 12-acre waterfront parcel in Skagit County had a weird access issue, a peninsula that narrows to about 40 feet at the connection point, and I needed something that showed scal…
Looking at a possible participation in a small split outside Flagstaff, six lots, and when I ran the numbers on the hold period the carrying costs came out to roughly $38k against…
I run escrow on conventional deals all day and I have never closed a wrap where the underlying was adjustable, so I genuinely do not know how this works in practice. If the seller…
I've got three STR units running and I'm used to putting real money into deals, but this one the seller is current, loan balance is basically purchase price, and I cannot figure o…
Here is a loss pattern that shows up in residential assisted living more than it should. Take a 7 bed home in a suburb of a market like Spokane, bought at the end of 2022. The sel…
A projection like that pulls roughly $340k of value forward in the waterfall, which means the promote hits before the asset has actually been proven. Work back through the last si…
Put $30,000 into a multifamily value-add in Columbus, Ohio, 36-month term, 8% pref, 70/30 split above it. I did the math going in on compound and had a number in my head around $3…
Okay so I know the obvious fix is to invoice the owner and keep the accounts separate, and I was doing that until I took on a unit in Breckenridge last October where the owner spe…
Went in at $10k on a 72-unit value-add outside Columbus, projected 5-year hold, 15 percent IRR target. They exited early, month 34, which sounds like good news. My actual distribu…
Working through a potential deal right now, a 12-unit in Columbus, $1.1M purchase, operator wants to structure it with a 70/30 equity split in his favor after a 10% preferred retu…
We're under contract on a licensed home, four residents in, two beds open. Seller says it hit six residents within three months of opening two years ago. My operator is experience…
Trying to figure out how much of the hazard history is sitting in CLUE reports on these parcels, since most of what I see is vacant or distressed. County records don't show a clai…
I've been in this business fifteen years and I know what a liquidity event is. This was not one. The GP took the three best-performing facilities out of the main fund, put them in…
Sponsor sold me on a 10-year NNN to a single hyperscaler and I kept nodding like that was the story. Took me until the third call to figure out the real upside was the 38-acre lan…
I run 6 units in the Tulsa metro and have used two different agencies since 2021. Every proposal I get now includes retargeting as a line item, usually $400 to $600 a month on top…
$1,340 instead of $1,190, and I only noticed because I was reconciling Q1 against the HAP contract. Told my contact at the authority and she said just send the overage back, no bi…
I had been taking $340 a month out of my AGNC position in cash since March of last year, which felt disciplined at the time but was just friction. Turned reinvestment on in Septem…
I'm not operating anything directly, a third party handles everything, but I'm trying to figure out how to organize what they send me across what will eventually be a few differen…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
