Story
I'm still in the researching phase on land, mostly holding patterns and figuring out what I'd actually do with a tract, but I wanted marketing-grade aerial on a 60 acre piece I wa…
This is worth looking at from the loan side. If the seller agrees to cover the buyer agent fee as a credit in the contract, that credit is money moving from the seller to the buye…
Since offers of compensation came off the MLS, the information didn't disappear, it moved. Listing agents post it on brokerage sites, some MLSs run a separate non-public field, an…
I had a small house under contract at $84,000 in a working town about an hour out. Cheap, tenanted, nothing exciting. I thought the financing would be the easy part because the nu…
I've turned eleven units across small buildings in the last three years and I still argue with myself about this one. The standardized version: one paint, one floor, one cabinet d…
This came to me through a manager I've done small jobs for. A platform is aggregating storage in two states, 19 facilities under contract or owned, targeting around 30 by the end…
Anyone coming to storage after years of underwriting other assets hits the phrase portfolio aggregation in every deck. Sometimes it seems to mean a fund buying facilities one at a…
Story
Take an ADU project that started with a hand drawing of a cottage over a detached garage, brought to the planning counter in 2022. A quick review there found the garage sitting tw…
Say someone maps a route through a few older neighborhoods and logs about 40 addresses, mostly overgrown yards and one house with plywood on a side window. The question is whether…
Take a first driving for dollars outing, three hours on a Saturday morning in one older neighborhood of 1950s ranches, yielding 22 addresses in a notes app. Say 6 show tarps or vi…
Rural parcel, roughly 90 acres, and the abstract goes back further than anyone's institutional memory. The title company quoted me the standard search plus an extended examination…
Take an investor with 85k sitting from a lump sum, most of it earmarked for a public non-traded NAV REIT. The exit is usually the part that's hardest to get comfortable with, so a…
Got the PPM Friday. Two deals with this group as an LP, both mid-size value-add multifamily in secondary markets, both still holding, both roughly on plan. The next vehicle isn't…
Consider an operator with $150k available after selling half a service business, deciding where it belongs. Storage appeals to a service background because a building full of door…
Two paths show up often for a first residential assisted living purchase, and they sit almost opposite each other. One is a licensed 6-bed home with all six beds filled. Sellers i…
A useful case study in co-living risk: a 4 bed 2 bath house, decent street, mid-size city, no HOA, with a whole-house lease value around $1,850 but filled room by room at $675 eac…
Trying to work out where a service business could sit around this, and the licensing part keeps stopping me. For a normal rental I understand you mostly need a landlord policy. Fo…
I'm modeling a 24 unit conversion out of a 1970s office building, all-in around $4.6m, and the two exits produce different projects, not just different returns. Sell at certificat…
I've got about $400 a month I can spend on outreach and maybe ten hours a week. I pulled a small list off a platform trial (absentee owners with long tenure in two zip codes, abou…
I'm still costing out a first deal and this is the fork I can't get past. The tapes I've been sent split roughly along foreclosure procedure. In the judicial states, where the len…