every post in the forum, newest first
A pattern any manager running forty or so doors will recognize, with a decent slice owned by people running the buy-rehab-rent-refinance loop. The rehab specs come in two flavors.…
Take a small town of about 4,000 people, an hour from anything, a three bed one bath house at 1,080 square feet bought at 61k off a probate that had been listed and expired twice.…
I'm four deals into small commercial and looking at parking for the first time, and the thing I can't settle is what kind of demand I actually want underneath a lot. Every listing…
Working up a valuation on an 11-unit I've been asked to list, and the gap between the rent roll and the bank statements is bigger than anything I've seen. Rent roll says 9,100 a m…
This question comes up constantly between accountants and contractors, and the two sides rarely agree. The purist position is that a project should be underwritten as if the incen…
Take a 48 acre parcel where the ordinance supports 9 lots without a public road using existing frontage and one easement, with frontage as the constraint on pace. If comparable lo…
Take a plain four bedroom house eight blocks off a mid-size state school where two comps on the same street do opposite things. One is furnished, beds and desks in every room, and…
Here is a structuring question that comes up on nearly every seller carry, laid out with numbers so the tradeoff is visible. Take a 1970s three bedroom in a decent second-ring sub…
Anyone pricing a couple of vacant lots runs into this. Every builder quotes a different cost per square foot for what sounds like the same house. One says 145, one says 190, and a…
There's a cleared lot two streets over from a subdivision that finished last year. Asking 78k, flat, water and sewer in the street per the listing. I've never built anything. I've…
A useful case study on moving a first wholesale contract, and what made the difference. An operator spends two months building a buyer list with no deals to offer, just asking wha…
The dispo side draws a lot of small landlords because it looks like the part of wholesaling that doesn't require cold calling anyone. Everything written about it says the whole mo…
The feature that draws most people to timber is the ability to not cut when stumpage is bad. That deferral option is the thing actually being bought. At roughly 400k, though, a me…
Take an investor holding a PPM for a closed-end timberland fund, ten year term with two one-year extensions, and running it against a 400-odd acre direct purchase. The question is…
First deal with a TC involved and I got confused at the closing statement stage. My agent's coordinator charges $425. On the estimate it showed up as a line item against me as the…
Take an eleven unit infill project where a developer wants marketing footage before the last two buildings are framed. A shoot gets scheduled with the goal of making the site look…
Take a sponsor raising a value-add multifamily deal with a realized record of six exits between 2016 and 2021, averaging low 20s IRR, clean and verifiable, LP references confirmin…
I've been reading the supply side for a while, mostly because I wanted to know when land in these submarkets stops competing with new apartment deliveries. The read most people se…
I sat through a live deed auction as a spectator and counted maybe fourteen bidders who clearly knew what they were doing and thirty-something who did not. The ones who did not we…
Take a project that starts with someone manually reading recorder indexes by hand across four counties, an hour every morning, because there was no other way to see filings before…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
