every post in the forum, newest first
Take two tracts that both need the same rezoning, from ag to single family at around 3 units an acre, with sellers wanting completely different structures. One structure is an opt…
Pricing a public REIT by forward FFO multiple, discount to consensus NAV, and implied cap rate against private comps can produce three different verdicts on the same name. Say a f…
A common and costly mistake for operators starting SMS outreach is skipping carrier registration, and the mechanics are worth laying out plainly. Say an investor wants to test SMS…
Here is a clause pattern worth reading closely in any calling vendor's service agreement. Section 3 defines a contracted contact as a live conversation of at least 90 seconds with…
Left a job in logistics last year and needed something that produced income while I learned the property side. Picked drone work because it had a defined thing to learn rather tha…
Getting my first rental listed and the photographer's quote is $325 for the interior and exterior package, then a $150 line for drone. The house is a 1950s three bedroom on about…
Take a subscription package for a 96-unit deal where the sponsor's own documents use two different words. Page 12 of the PPM describes a 20% promote to the Manager. The waterfall…
Under contract on 64 units, 1983 vintage, two-story garden walkups in a secondary southeast submarket. Where the numbers sit today: Purchase 6.4M (100k a door) Reno 1.12M (40 clas…
Been building scripts for the first dialing seat I'm renting and I got stuck on the opening line. The agency gave me a script where the caller uses an American first name and says…
Bought a two bedroom cottage for $132,000 last spring, put about $28,000 of my own labor and materials into it, rented it at $1,450. Went to my bank for a refinance and got turned…
Trying to get the vocabulary straight before I talk to anyone. My understanding was that there's a buyer's agent license and a seller's agent license, and you pick one. Then a fri…
Bought a 318k three bedroom, my second property. I do a lot of due diligence on everything except, apparently, the thing I signed on day one. My rep agreement said 2.5%, 7,950 at…
I've been poking at the service side for a while and kept getting stuck on the same wall: staging means owning furniture, owning furniture means a warehouse, and I have neither. S…
Take a 3/2 in a subdivision built maybe eight years ago, about 90 houses, where the price and rent look like they work for a first rental. Then the CC&Rs come off the county site…
I left a warehouse job in March and I have 34k saved. Nothing near me trades under 400k, so every house I can actually buy is in two midwest metros I've never been to, where 3/2 h…
Take an operator with six furnished doors who pulls the source of every placement over the past year. Say four of six units filled through the same corporate housing marketplace,…
Take a garden-style multifamily building in a mid-size sunbelt market that has simply drifted older over time, with no deliberate repositioning. If two thirds of households have s…
Take a listing that calls a 3 acre parcel fully entitled for 30,000 sf of flex. A call to the planning department about something basic like setbacks turns up no approved site pla…
This is a case worth reading line by line, because a clause decided the outcome rather than the building. A 22,000 sf medical office on a suburban outparcel, total project around…
This strategy confuses most people studying how private money moves. The whole appeal is the exclusion, and the exclusion belongs to the person living there. So if a lender wants…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
