I've got a raw acreage purchase under contract, cash, no lender, 90 day due diligence with a survey and a well test in it. My agent offered to put her coordinator on it at $350 an…
Bought 1,200 shares of a mortgage REIT's fixed-to-floating preferred at $26.30. Par is $25. Fixed coupon 7.75 percent on par, so $1.9375 a year, $0.4844 a quarter. My thinking was…
I'm selling a tenant-occupied single family rental, probably worth around $310k, so I can put the money somewhere that doesn't call me about water heaters. Two quotes on my desk.…
I read a lot of leases for owners who live in one unit of a two or three unit and rent the rest, and they are almost always the same document the off-site owners use. Then the own…
This is the argument I keep having with two people I trust and they've never once agreed. Setup. Duplex, $460k, payment $3,300 all in. The other side rents for $1,700. I live in t…
QSR outparcel, $1,725,000 at a 6.9% cap, 15-year lease just signed, brand is one everyone would recognize. Then I get to the guaranty page and it's an LLC that operates 12 units i…
Two infill land parcels I'd been sitting on for six years finally sold this spring, and the proceeds went into a single tenant drive-thru restaurant pad. Closed about six weeks ag…
I have my license coming and no book of business at all, so I've been pricing out two ways to spend the first 18 months, and they behave very differently. Seller side plan: pick a…
Sitting on a decision and I want the room to argue about it because I keep flipping. A buy and hold outfit that picks up maybe four a month in my area told me they will take every…
I wanted the boring version that works, so in 2022 I put 85k into a broad equity REIT index fund inside a taxable account and told myself I'd hold ten years. I sold in the middle…
Working through the 2026 setup and I can't square two things I've read. The pitch is that REIT valuations sit near historic discounts to both broader equities and private real est…
Working through a fourplex listed at $640k. Four two-bedroom units, all leased at $1,150, so $4,600 gross. My plan was to occupy one unit with a low down payment government-backed…
I have been saving toward a first purchase for two years and I now have two buildings I can actually see myself owning, in the same town, about a mile apart. The duplex is 315k. B…
Story
Got called out to quote signage and lobby refresh for a mid-size office building that had just changed hands on paper. Not a sale. A recap, whatever that meant. The guy walking me…
I've only bought small apartment buildings, where diligence was an inspection and a sewer scope and I was done for about $900. Now I'm looking at a 12,000 sf retail building with…
Closed six weeks ago on an 8,300 sf small-format discount retail building in a town of about 4,500 in the upper midwest. Corporate lease, investment-grade parent guaranty, 13 year…
I'm 30 pages into a participation agreement for a $75k slice of a $310k bridge loan and I've stopped at two sentences. First: "Participant acquires an undivided beneficial interes…
I have a repeat borrower asking for a fourth loan. Existing three are separate notes, separate mortgages, 68 to 72 LTV on as-is, all in the same metro. Total exposure to him would…
My last three double closes went different routes and I can't tell which one I should be building toward. Two used transactional funding, priced at a flat fee plus a couple of day…
Nothing clever about this one, it just closed, so here's how it actually went. Seller was an estate, three heirs, wanted done. Contract at 88k. Cash buyer I've sold to twice befor…