every post in the forum, newest first
Small town, two hours from anything, single-story L-shaped motel, 14 units, all with exterior doors onto the parking lot. Seller is 74 and wants out, asking $410k, says he'd take…
Work through a 180 unit garden style deal, roughly 42 million total cost, 68 percent LTC construction debt, 24 month build plus 12 to stabilize. Trended rents are the whole ballga…
Site is entitled for 62 units, seller has held it three years and is done. They want it listed and they want a broker who understands development, which I am learning to be rather…
Reviewing a management agreement before an owner group signs is worth doing line by line. Facility profile: 480 units, roughly 52,000 net rentable square feet, small metro on the…
An owner I've been talking with has a 42,000 rentable square foot facility, about 310 units, grossing roughly $560k. He's decided he wants out of the day-to-day and asked me to re…
I've been reading offering memos in this space for about eight months without writing a check, and the pattern is getting hard to ignore. A 60 to 120 lot park on city water and se…
A 41,000 sf grocery-anchored center came across my desk this week. Anchor has 8 years left plus four five-year options, base rent $11.75, and the seller volunteered store sales of…
I've got capital to place and no operating experience, so the whole pitch I keep getting handed is timing. National apartment vacancy around 8.5 percent, described as peaked, fore…
Take an investor asked to put money into a drone media operation as a minority position, building the model independently rather than accepting the sponsor's deck. Here is a versi…
A pattern that shows up on rural loan files. The marketing package includes aerial video and the broker treats it as part of the value story. The appraisal comes back with no refe…
First deal money is at 19k and needs to be around 45k. That's another two years at my savings rate, and the whole time I've been reading about buildings I can't buy. So I put 3k i…
Two mREIT quarterlies read side by side can pull in opposite directions on what matters most. One shareholder letter leads with book value per share every quarter. The argument is…
Take a purchase of a 1,900 square foot single family home with a detached garage planned for ADU conversion, where the buyer's own underwriting put the converted garage at 1,650 a…
Detached 780 sq ft, permitted, separately metered, own address, currently leased at $1,850. All in around $190,000 including the site work. Went for a cash-out refinance and the a…
Here is a situation that changes the math on a plat more than most first-time subdividers expect. The city wants a performance guarantee for the public improvements before it will…
Here is a scenario worth working through. 34 acres under contract at $2.35M, zoned for detached single family by right, so there is no rezone in front of anyone. The engineer's yi…
Take an agent on a 70/30 split doing about $120k of gross commission a year, handing over roughly $36k annually. That figure alone makes opening a one-person shop look like an eas…
Most institutional apartment decks in this cycle show the same return bridge. Buy 20 to 30 percent under the 2022 peak. Renovate and push rents. Exit into a firmer market in 2029…
Six weeks ago I knew nothing and had no way in. Someone in another thread said leasing response time is where most communities lose money, so I decided to measure it instead of re…
Numbers first. A 1950s duplex bought at 142k on a private loan with 155k of total draw, covering purchase plus the first rehab tranche. Rehab comes in at 48k against a 43k budget,…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
