it finished, here is how it went
I have seen two offering memos this month where the AM fee stays at 1.25 percent of gross revenue through the whole hold. One deal is a value-add in Stark County, projected 48-mon…
Found the deal through a landlord who'd owned it since 1987 and wanted out before another rent cycle. Rents were running about $180 under market on four of the units, leases month…
A fund that raised on bridge lending promises and then went quiet on distributions is not a new structure, but the Ashland Greene situation has details worth working through caref…
I got a unit under contract in Peoria, 3/2, close to the TSMC supplier corridor, and I keep going back and forth on this. Furnished corporate at $2,800 looks like an easy $600 pre…
I was a co-GP on a 24-unit in Phoenix, closed September 2022, $1.8M raise. The operating partner handled LP communications and I assumed that meant something. First update went ou…
A bird dog I was reading about this week had a clean setup on paper: find distressed owner, confirm motivation, hand off contact info and a summary note, collect $350 at first con…
The numbers in this case are worth walking through. A $2,000,000 preferred equity piece at 14 percent annualized, with a pref return accruing daily, was projected to be redeemed a…
A 650-square-foot one-bed listed at 289k, highway visible and audible from the main living window, is a case worth studying. The stager quoted 2,200 and argued that full furniture…
A case worth studying: a builder projected five months from permit to CO on a 380k spec home, carrying a construction loan at 10.5 percent interest-only on draws averaging 285k ov…
A qualified opportunity fund has to hold at least 90 percent of its assets in qualified opportunity zone property, measured on the last day of the first six-month period and on th…
I put in a mound system because the county flagged the original at closing and I thought buyers would pay for clean. Sold on terms six months later and the guy never mentioned it,…
She pulled comps from two zip codes over and the ARV came in 18k under what the seller's agent was using. I had already run my own numbers off the same listings the seller used an…
Spent the first two weeks of January realizing that about $6,200 in materials I paid for in late November got booked in December by the bookkeeper and the work wasn't done until F…
A deal worth studying: a bird dog brings in a motivated seller on a probate property, right contact, right timing, distressed enough to pencil. The investor ties it up, does the i…
So I have been running numbers on a triplex in Garfield Heights, asking around $189k, and one of the units is a basement apartment that the listing calls an ADU. I got excited bec…
A property manager told me this week that her best 55-plus community was the one where she did the least. Ninety-one units, about 78 percent occupied at the time, and the resident…
So the block was small, 14 certificates across one county, roughly 60k deployed, and when it was all said and done over about 19 months I cleared around 6,400 net. The servicer to…
It was late 2023, rates were still ugly, and I had about 9k sitting in a brokerage account I had been too cautious to deploy for eight months. I kept circling Prologis because eve…
The case worth studying: a $3,000 onboarding fee, a $1,800 monthly seat, six weeks of ramp time before the VA hit anything close to a working pace, then a resignation letter and a…
The age question is mostly a distraction from the real constraint, which is qualifying income. Take a 21-year-old with a W-2, two years of tax returns, and a 680 score. On an FHA…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
