every post in the forum, newest first
A placement logic worth stress testing. Say an investor holds a couple of small multifamily buildings personally and has an old employer 401k to roll. The reasoning goes like this…
Renovation is what I actually know. Scope creep, change orders, subs who vanish on Fridays. Money is where I'm dumb, so bear with me. Situation: left a job four years ago, 96k sti…
Two listings I've been circling for a couple months in the same county, both about 30 acres, both with county road frontage. The first one is zoned in a way that allows the lot si…
Consider a passive investor with roughly $95k to place, evaluating a QOF offering on a 34-unit 1920s walkup gut rehab from a sponsor with a decent construction record. The operati…
Take a furnished unit portfolio serving corporate relocations, nine units across a few employers and a relocation firm. A common failure pattern looks like this: a project team of…
A common dilemma when considering a raw land purchase, say a 9 acre parcel an hour outside a metro, funded from proceeds of an operating business. Two reasonable positions come up…
Consider a $75m storage fund raising its second close, blind pool apart from a couple of seed assets. The model shows a weighted average going-in cap of 6.1% on the target pool an…
I've been doing due diligence on a couple of storage sponsors and I can't get a straight answer on the entry point. One deck says $250k minimum, one says $1m, and a third told me…
Take an all-cash Roth SDIRA purchase of a 2 bed 1 bath, 1,040 square foot house in a county seat town in the midwest, $118,500. Rents at $1,150, taxes $1,340 a year, insurance $89…
Here is a scenario worth working through. Say a paint and finish carpentry outfit, five years in with four guys, gets a call from an agent it has done punch out work for since yea…
This is a small loss by the standards of this room but I'd rather write it up than pretend it didn't happen. Early last year a guy I've done renovation work for put together an LL…
The phrase secured power appears in nearly every data center writeup, and every one treats it as the thing that makes an asset valuable, which is fair. What rarely gets pinned dow…
Say an operator with a clean track record on two prior rehab loans asks for something different: $18,000 for 30 days to cover earnest money and a small non-refundable extension on…
My monthly software bill has crept up and I can't tell what's earning and what's just sitting there. Right now I'm paying for a data platform, a skip tracing account, a dialer wit…
Take an $80,000 limited partner check into a 1980s vintage, 180 unit value-add multifamily deal, with a business plan to renovate and raise rents over a three to five year target…
Signals that are cheap to fake deserve suspicion, and a GP co-investing alongside investors is starting to look like one. Consider two decks that both lead with it. One sponsor pu…
A useful discipline before committing to a first LP position: call prior investors in the sponsor's earlier deals, not just the references the sponsor hands over. A sponsor offers…
Working through sizing and I keep landing somewhere unsatisfying. Say 400k to deploy over roughly three years, minimums of 50k, so call it eight positions. If I spread eight check…
The clause was three words long. "Exclusively sourced by consultant." I read it, thought it meant the parks I brought them, and signed it on a phone call. Setup: a mid-size aggreg…
Consider a mezzanine position, say $2.6M behind a roughly $8M senior loan on a 60 unit value add, structured at a low double digit current pay over a three year term with a pledge…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
