A flex condo project aimed at boat and RV owners, car collectors, and small contractors, with larger owned units carrying power and water, sits in an unusual middle ground worth n…
Following up on my earlier thread about start costs. I went with the cheap version and it took longer than the spreadsheet said. Six weeks, 140-odd calls and texts, 22 people who'…
Working out what my first deal actually costs, and furniture is the line I keep rewriting. Quotes I have, buying mid range from a warehouse store and assembling myself: bed frame,…
Take an investor five years into a service business, finally sitting on 60k that is not reserve money. Skip the rental for now, tenants are a real learning curve, and public REITs…
Everything written about the REIT to private valuation gap frames it as a reason to deploy into listed. Careful underwriting keeps producing the other resolution. Concretely: take…
Picture a two year retainer, video and social for a small brokerage, ending on good terms. Then the request comes in: all raw footage, the edit project files, the content calendar…
I spent most of last year convinced the answer was my own brokerage. Ran the costs, talked to three broker owners, and ended up doing something less interesting that worked better…
I've done four contracts on my own and every one of them took forever to move. The last two I marketed for three weeks each and ended up assigning at a lower fee than I signed up…
Consider a co-invest structure on an upper-midscale hotel, 118 keys in a secondary market with a decent interstate and a hospital nearby. Purchase at 14.2 million, roughly 120k a…
Take an upcoming deed sale in a county where the construction side is easy to read. The parcel is a 1940s balloon frame house with an opening bid of $9,400, which is four years of…
Sitting on $400,000 earmarked for something with predictable cash behavior, and certificates keep coming back as the answer because the return is written into statute rather than…
My first rental is residential and closing soon, so I've spent months on screening tenants for houses. A 1,400 sf end bay in a small strip near me is for sale and the seller's lea…
Subject-to financing is one of the strategies worth explaining plainly, because the mechanics confuse people who otherwise understand deals well. What it means: the seller's mortg…
A pattern worth untangling. A seller's agent says the seller will wrap his loan to the buyer, then in the next sentence calls it a subject-to, and when asked which one it is, answ…
The rent side is worth understanding before anything else in this program. There is a published number per bedroom count for an area and the housing authority will not approve ren…
This is a drafting failure worth studying, because it happens to people who write the lease first and read the program documents second. Take an owner papering the lease on a vouc…
A buyer tracking their own offers over fourteen months to see whether the inspection contingency was costing deals or saving money is a useful exercise, even on a small sample tha…
Take a 120-space surface lot on the edge of a downtown core, bought mainly for its redevelopment potential. A rezoning process underway could allow a mid-rise on the site, with a…
Closed last month on a small facility I bought in 2017 as a diversification off the land holdings. 190 units, about 21,000 rentable square feet, half-hour outside a mid-sized metr…
Take an 11 door portfolio, average rent $1,200, $158,400 a year gross scheduled rent, with an owner used to self managing and evaluating three proposals. Normalizing all three aga…