Take a performing first where taxes and insurance are not escrowed. Borrower pays the county and the carrier direct, has for six years, no lapse on record. Balance 74k, rate 9.25%…
I've got a spreadsheet going for a duplex in the $300k range, FHA, and every time I think it's finished I find another cost. Right now I have down payment $10,500, closing costs s…
Picture a management book built around house hackers who moved out and kept their rooms rented individually, plus a few owners who never lived in the property and just run five be…
Here is a case worth studying because the mistake in it is common and the fix is cheap. Take a 4 unit bought in October, closed at 462k. The agent marketed himself to investors an…
Consider an agent representing a buyer who is accumulating small multifamily, $150k to $220k duplexes, and the buyer wants to restructure how he pays. Right now it is 2.5%, which…
Agent in my area, maybe 15 transactions a year, been talking to her for a while. She agreed to a one month trial. $300 flat for 12 posts and rewriting the descriptions on four act…
I have a contract at 104k with an end buyer at 131k and my title company wants to know whether the seller has been told there's a second settlement happening an hour after hers. N…
Story
First rental purchase, closing in a few weeks. I got permission to be at the appraisal because I wanted to see how it worked and because I'm nervous about everything right now. Th…
Take a small town, population under 5,000, with a side by side duplex at $92k, both units rented, roof newer. The buyer calls the lender that preapproved them and is told they do…
Take a side by side duplex, both units two bed one bath, built in the fifties, under contract at 342k. The appraisal comes back at 331k, an 11k gap that takes a moment to fully re…
I own some raw acreage and I've been trying to get a straight answer on highest and best use before I do anything with it. Talked to two people who both call themselves land consu…
Scope is a repositioning study on a 60,000 square foot older office building in a secondary downtown, owner wants to know whether to convert, sell, or sit for three years. Six to…
The trailing twelve off the owner's dashboard: $61,400 gross bookings, of which $9,300 was collected cleaning fees. 214 booked nights across 63 separate stays. 3BR/2BA, sleeps 8,…
A common scenario. An owner rents a cottage nightly and pays a co-host 20%, and when asked what she does he says everything, which explains nothing. From the outside there is a sm…
A sizing exercise worth running from four directions, since it tends to produce four different answers. Take a suburban office-to-flex conversion, stabilized, in-place NOI $2.35m.…
The two numbers everyone repeats are the oldest boomers turning 80 in 2026 and senior housing inventory growth running around 1 percent in 2025, the lowest since NIC started track…
I've been looking at land and holding patterns for a while and I want something that pays while I wait. Retail keeps coming up, and the two shapes I can actually afford look compl…
Take a single performing first note: UPB 118,500, coupon 7.25%, P&I 926, 39 payments on time with no lates in the servicer ledger, BPO 197,000, escrowed for taxes and insurance an…
The phrase comes up constantly and the transaction behind it is rarely pictured in dollars. A note has a face value. Someone sells it below that. But which number is face? Is it t…
A land and entitlement specialist stepping into a GP role on a small multifamily raise, with a third party property manager handling day to day operations, raises a real question…