I've been reading through purchase agreements from three different probate buyers and they split cleanly on one point. Two of them get a contract signed by the heirs early, weeks…
This is one of the most common disagreements in CRM and systems consulting, and it rarely surfaces until the build is nearly finished. One approach: put the CRM, phone number, ema…
I've got both a traditional rollover and a Roth sitting at the same custodian, and I have to pick which one funds the real estate side. The money is the same money. The wrapper is…
Take a $2.35M mixed use flex deal with two service tenants and one vacancy, where the spread between contract and resale is somewhere between $180k and $240k depending on how the…
Transaction platforms have gotten good at the mechanical parts of the file. The date calendar builds itself off the executed contract, disclosure packets assemble from templates,…
Reading the material on these groups twice, the way I do, and the same claim keeps coming up: a network helps members stay compliant because knowledge about state rules gets share…
A recurring argument in real estate marketing work: where should the first dollars go for a client running a modest budget, say 1,500 to 2,500 a month all in. Search is the obviou…
I'm buying rural land, mostly 10 to 80 acre parcels, with a mix of seller financing and purchase options. My deal count is going up and my legal line is going up faster. Quotes I…
Running the numbers on next year's mix for a small valuation practice, the two paths do not compare cleanly, so it helps to lay out both. Panel work through management companies p…
The goal on a first parcel is usually the option that sells without drama, and a buyer with $12,000 to spend tends to land between two ways of spending it. Option one is cheap and…
I'm three deals into the portals now and the thing I got wrong at the start was spread. My first check was $1,000 into a single value-add multifamily deal because it looked like t…
Wholesaling gets pitched as the way to start in real estate with nothing: lock a house under contract, assign the contract to a cash buyer, collect the spread, no title, no loan,…
Ran the arithmetic on three years of my own buy-side spend and the percentage structure looks harder to defend the bigger the deal gets. On a $180k rental, 2.5% is $4,500 and the…
I've been building the sponsor side of a small deal on paper to see whether the first one is even reachable, and the pre-close spend is the part I keep getting wrong. What I have…
Here's the argument I got into with a guy who's been doing this longer than me, and I've been chewing on it for a week. His position: the tax treatment is part of the return. If y…
My land holdings produce no income and I'm fine with that, the whole point was appreciation and patience. So when I look at REITs I have to decide what job they're doing in the po…
A useful test case: two decks from the same introduction. One is a sponsor with roughly three years of visible history, eleven deals, responsive communication, and quarterly lette…
There are two common ways to model the same gut, and it is not obvious which one is actually more conservative. The first models 150 days of carry as the base case. Interest, taxe…
I have room for one more note this quarter and two candidates that price to almost the same number, so the choice is really about which risk I want to hold for the next several ye…
Two office LP packages on my desk and the entire difference in outcome is a rent growth assumption I can't verify. Deal A is a prime building, 210,000 sf, 88 percent leased, in-pl…