every post in the forum, newest first
Has anyone actually gotten counsel to draft language that pins this down, or is vagueness the point?
Guy runs pre-foreclosure deals in three counties, does maybe eight to ten closes a year, told me the sellers who actually pick up the phone are the ones three weeks out, not three…
Six week ADU permit timelines circulate constantly, and they are worth taking apart before anyone budgets against them. The version that keeps coming up is a San Jose owner who su…
The stack diagram puts pref between the senior debt and the common equity, and that feels intuitive, like a queue. Senior gets paid first, then pref, then common. But the queue on…
We grew up on the idea that real estate means you own something you can walk through, swing a hammer at, argue with a contractor about. Nine doors, every one of them touched by my…
Take a $200k allocation and two places it could sit. The first is a preferred equity position in a 20 MW build to suit in Gainesville, Virginia. Senior debt is $180M, total capita…
Take a 62 lot park in Rockford, Illinois that moves lot rent from $395 to $440 in January. One tenant threatens to move out. Most operators laugh that threat off, and the arithmet…
Here is a case worth studying, because it happens to people who should know better. A borrower six years into the mortgage business assembles a loan file for a duplex in North Ral…
Ground up commercial is widely assumed to require a different zip code and a different net worth, and this case is worth studying because it does not. An operator buys 1.8 acres o…
Here is a structuring problem worth working through, because institutional buyers raise it more often now. A private equity group out of Austin sets up a sourcing arrangement on s…
Some states require a servicer on any loan an investor collects payments on, and the servicer minimum is where small notes start to break. Model a 63,000 note bought at 87 cents.…
Found this out on a duplex in Memphis last month. Closed in January, did not pull the first draw until mid-February because the contractor was slow to mobilize, and now the clock…
Trying to figure out if that doubles my startup time before I can collect a dollar. Looking at a 4 bed in Providence and the licensing office told me each room needs its own inspe…
Consider a HAP contract dated October 3rd on a unit where the tenant took occupancy August 19th. That is six weeks of rent the owner cannot bill anyone for, because HAP does not b…
Borrower says the access issue was always in the plan and the $61k is already budgeted, but I've never seen a line item for it anywhere in the documents I was given at close. Aske…
Picture an LP who spends three months reading the syndication docs on a 96 unit deal in Columbus, Ohio. $75k minimum, 7 percent pref, 70/30 split after that. The numbers look fine…
Here is a loss worth studying closely. Suppose an investor has 310k of deferred gain sitting in a QOF that holds a small mixed use property in a zone like Trenton, New Jersey. The…
I had a rural property in Blount County, Tennessee, 37-acre parcel, cabin sat about 800 feet off the county road with no formal street address assigned, just a parcel number and t…
Is a 6 percent oversight fee normal in Maricopa County, or is that number being tested to see what a buyer will absorb?
Met a guy at a meetup in Cleveland last Tuesday, been wholesaling part-time for about eight months inside a six-person group, and he said it to me like it was obvious. I had just…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
