every post in the forum, newest first
Owner of a 96-unit walkup asked me to quote all their turns for a year. I've done renovations for six years, mostly single houses and small flips, so the work itself doesn't worry…
Here is a numbers problem that breaks a lot of transaction coordination practices. Take a coordinator opening right around 40 files a quarter, with roughly 7 of them cancelling be…
First deal, a two unit in an older working class neighborhood, $5,000 earnest money, 30 day financing contingency. I hired a coordinator at $300 a file because someone in a local…
Take a 1,340 square foot 3/2 rental bought at $168,000 four years ago on 1.1 acres at the edge of a growing town, rent then $1,340, rent now $1,595, roughly a 5.6% unlevered yield…
Mezzanine debt has been on my mind for a few weeks and I want to test something with people who actually do it. What I understand so far. Mezz sits between the first mortgage and…
Consider a small note and lending position run out of a self-directed account for a few years, where a borrower needing a partial release on a Friday runs into a custodian's four…
Say a seller is interviewing agents for a family property and has read that the listing presentation is essentially the pitch meeting. Two of the agents offer to come present, one…
I've been building this thing sideways for a year and I'm now at the point where the next six months picks one shape. Current mix is nine solos paying $380 to $520 a month for a l…
For anyone learning the lending side rather than the owning side, a loan participation is a good first structure to study, and a worked example shows where the risk actually sits.…
A cautionary case in senior housing ancillary services: an operator bidding on a concierge and transport package for two independent living lite properties, 190 and 155 units, age…
Take a small multifamily where the person on one side has managed the building for years. Four units, 1970s brick, two bed each, one shared boiler replaced in 2019, separate elect…
Take a first fourplex and the question of what it costs to run beyond the mortgage. Every video on the subject has someone pushing a property management app, yet a decent spreadsh…
Under contract inspection period on a 1958 ranch, 3/1, 1,180 square feet, on 0.92 acres in an older part of town where the newer stuff nearby is on quarter acre lots. Price is 205…
Small multifamily teaches most of its lessons through shared systems, and an operator moving to a detached house for the first time has to decide which of those assumptions to thr…
Small markets where houses trade in the low six figures, with half the commercial stock a single story block building on a state highway, are the kind of place the rural side of t…
Say a management shop runs 140 doors across roughly 60 owners, and a chunk of those owners have asked some version of find me another one. Handing that to an outside brokerage for…
Term sheet in front of me from a small fund buying rentals. Structure: $8,000 per closed acquisition, target 25 a year, I'm exclusive to them in three counties, no retainer, no re…
Same plan set, same builder, same submarket, three houses in fourteen months. 1,850 square feet each. House one: 158 a foot hard cost. House two: 166. House three, quoted last wee…
Take an operator who underwrites every deal that comes in and keeps a clean record of lead source and outcome. A year end cut across 140 leads from four sources can turn up an unc…
Running the numbers on a unit I've been modeling. Unfurnished market rent about $1,600. Furnished mid-term comps in the same building sit around $2,300, so a $700 premium. On pape…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
