live deals, numbers on the table
Take a raw land buyer with two parcels available for the same money, and the two bets they represent are very different. Parcel A, 34 acres at $4,100 an acre, $139,400, nine miles…
A 14-unit garden-style property, two buildings, 1968 vintage, in an inner-ring suburb, under LOI at $1.75M with a defensible in-place NOI of $118k, a 6.7 going-in cap, and rents a…
Worth walking through a structure that shows up occasionally on distressed estate assignments, because it raises real questions about intent. Say a 2.3M contract has an assignment…
Take a 1920s four unit, all four occupied, all four rents about 40 percent under market because the previous owner never touched anything. Two units are 1 bed, two are 2 bed. Curr…
I don't have a property. I'm trying to build the budget sheet first so I'm not doing arithmetic in someone's driveway. So far I have paint, flooring, light fixtures, cabinet hardw…
Reading an annual report for an agency focused mortgage REIT, the page most summaries skip is the repurchase agreement table showing borrowings by remaining maturity. A typical st…
Take an investor who closed on a 6-unit with roughly $340k in eligible capital gain, separate from depreciation recapture, and has weeks rather than months left in the 180 day win…
Here is a scenario that stalls a lot of first time multifamily buyers, and it is worth working through with real numbers. Take an 8 unit, 1962 two story, one gas boiler serving al…
My aunt's estate has a house going to sale and I'm the one handling the paperwork, so the cleanout invoice landed on me. It's $7,900 for a 1,600 square foot ranch with a basement.…
Consider an LP investor evaluating two offerings that land in the same month with structures that are hard to compare directly. Deal A: multifamily, 180 units, southeast secondary…
A situation worth thinking through before anyone answers it. A manager runs 60 something doors for about 20 owners. One of those owners also wholesales, and asks the manager to fo…
I move houses fast, that's the whole business, and this one hasn't moved. 3 bed 1.5 bath, all-in at $186,000, listed at $214,000, 70 days, price cut once. Two showings last week a…
This is the first thing I've ever sold and I don't know what staging actually is beyond furniture appearing in photos. The property is a 1970s three bed ranch, about 1,450 square…
Take a scenario worth working through: a performing seller-financed note secured by a 6 unit walkup in a mid-size rust belt city, $340k unpaid balance, 8 percent, 20 year amortiza…
Take a long-hold landowner with a parcel near a growing university, approached about a build-to-suit student housing project, who has never touched a student deal and needs the ba…
Picture a finish trades business, several years in, mostly high-end interiors, facing a structure it has not worked with before. A sponsor is running a 4.6M target flip, a bit ove…
A scenario worth working through for anyone selling CRM buildouts. Flat $4,200 per buildout, 14 of them in a year. Track hours honestly on the last five and the average comes in a…
A common bind on a value add hold: a 16-unit two-story bought 18 months ago at 1.45 million, financed with an 1.1 million bridge loan, interest only, SOFR plus 350, 24 month term…
Career changing into this and I've got no construction background at all, so please assume I know nothing. There's a listing near me, 1,100 sq ft, 95k, description says "down to t…
Take an investor targeting monthly income who does not want to become a landlord in their own city. Virtual wholesaling appeals because it looks like the version without toilets t…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
