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PollSyndications: LP (Capital Provider)

Fee load or the promote: which line would you actually fight over

Two LPAs open in front of me right now, both value-add multifamily, both around a three to five year stated hold, both from sponsors I have taken seriously enough to call referenc…

raj_mehta14CapitalPRO134

PollMobile Home Parks (Capital Scale)

Underwriting a 22-park aggregation: do you hold the operating platform or buy into someone else's?

Working through a $60M equity allocation and the choice keeps coming back to the same fork. Either we back a sponsor who already has a management platform across 40-odd parks and…

15Hhannah_west29 Get yours8

PollCo-Living / Room Rentals

Who cleans the kitchen. I want to price this before I buy, not after

Reading through house agreements people have posted and the cleaning section is where they all get vague. "Residents keep common areas tidy" is doing a lot of work in one sentence…

15Ttashaford30PB2APRO47

PollBird Dogging / Lead Finding

Flat fee per lead or a cut at closing, which would you rather be offered

An investor I underwrite for pays his scouts two ways and lets them pick. Either $500 flat on any lead he takes to contract, or 5 percent of his net profit when he closes. Same gu…

dpatel_reCS4A3

Happening NowMobile Home Parks (Capital Scale)

Sizing a $4M participation in a 14-park bridge loan where half the NOI growth is rent push

I've been offered a $4M slice of a $19M bridge loan on a 14-park portfolio and the debt yield only works if I count income I'm not sure I should count. The portfolio: 1,180 lots a…

sonia_alvarez Get yoursPRO6Answered6

DiscussionMobile Home Parks (Capital Scale)

What does "lot rent only" actually mean when a fund says it owns 4,000 pads?

I've been reading fund summaries for manufactured housing and they all describe the portfolio in pads and then say something like "92% lot-rent-only, minimal park-owned homes." I…

ehernandez74PO2BPRO7Answered1

WinEducation / Coaching

The pre-work call is the only reason a $400 Saturday workshop worked

Ran a one day workshop for people coming out of the trades who want to start buying. Four seats at $400, so $1,600 collected, $180 for the room and $60 on coffee and printing. My…

19NnataliehsuSO1BPRO101

PollGround-Up Residential Development (Spec Home Building)

Own GC on the first spec, or hire one and watch how they do it

I've swung hammers for eleven years and I've run other people's jobsites, so the framing and the sequencing don't scare me. What I've never done is carry the money side of a house…

gregpowell66AG4BPRO123

DiscussionShort-Term Rentals / Airbnb

City moved to a 30 night minimum, does the midterm pivot actually work

Two bed one bath, six blocks from a hospital. Nightly it's been averaging about $3,400 a month gross across the year, with peaks near $4,600. New ordinance sets a 30 consecutive n…

carlos_nunezActiveAnswered2

Happening NowShort-Term Rentals / Airbnb

The co-host agreement gives the operator the permit. Who owns the business?

Reading a co-hosting agreement someone sent me for a two unit in a beach town, and there's a clause structure I want other eyes on. The owner holds title. The co-host entity is na…

40Ddmitri_v6CapitalPRO7Answered2

PollCRM Setup / Systems Consulting

Should the renovation side live in the same system as the leads?

Ask me about scope creep and you'll get an hour, but the version that's bugging me this month is software scope creep. I run acquisitions and rehabs. Sellers, agents, wholesalers…

omar_haddadActivePRO176

Happening NowAssisted Living / Residential Assisted Living (RAL)

Seller's payroll number on a 10 bed doesn't match the schedule they handed me

Looking at a stabilized 10 bed, second year of full census, and the seller gave me a P&L plus, by accident I think, a printed staff schedule from last month. P&L says: Revenue 47,…

megan_doyle15 Get yoursAnswered7

DiscussionAssisted Living / Residential Assisted Living (RAL)

If my master-lease operator hands back the keys I still can't run the building myself

Looking at a 24-unit assisted living community on a triple net master lease to a regional operator, 11 years left, 2.5 percent bumps. Rent is $1.32M a year and the operator's repo…

ehernandez74PO2BPRO7Answered1

PollTax Lien (Capital Scale)

If liens at scale are really a yield business, should the operator be judged on bid discipline or on servicing?

I manage properties, so I come at this from the paperwork end. A couple of the lien funds I've been sent materials on describe themselves as fixed income substitutes, and the pitc…

tonyv88SO4CPRO68

DiscussionReal Estate Agent (Listing Agent)

Offering zero to the buyer's agent and pricing $12k lower instead

Numbers first. Selling a 3/2 at $480k, listing agent wants 2.5% for herself and recommends we "be prepared to" cover 2.5% for the buyer side, so $12,000 each side, $24,000 total o…

jordan_ellis2ActivePRO9Answered5

Happening NowReal Estate Agent (Listing Agent)

On my mother's net sheet, the commission is the smallest line

I built a seller net sheet because nobody would hand me one that wasn't a marketing sheet with round numbers. Sale price assumption $412,000 on a 1970s ranch in a mid-size metro.…

18Hhannah_west29 Get yours0

PollHotels / Short-Term Lodging (Passive Hold)

Which lodging segment would you actually hold passively into 2027?

Sorting through four offerings and they're all the same asset class on paper and nothing alike underneath. Trying to make the segment choice explicit rather than picking whichever…

marcus_hale41CG4A0

DiscussionLive-In-Then-Rent

Occupancy affidavit language vs what my lender's underwriter actually enforces

I read the occupancy affidavit on my last closing package cover to cover, which apparently nobody does. The document said I intend to occupy as principal residence within 60 days…

wendy_park48CapitalPRO15Answered3

LossLive-In-Then-Rent

The sequence broke at property two, so I sold property one at a loss

Writing this up because everything I read about live-in-then-rent describes the accumulation and almost nothing describes the qualification wall. Property one: 268k, 3.5 percent d…

devon_pierce Get yoursPRO14Answered6

PollOpportunity Zone Investing (Passive Angle)

Would you put money in the deal if there were no tax break at all?

Someone said that to me in a comment thread and it's been rattling around since. I mostly read notes and paper and I'm still mostly confused, so treat this as a beginner asking. T…

raj_mehta14CapitalPRO138

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