Take a management company that pulls its numbers apart properly for the first time. 340 doors, average rent $1,455, a 9 percent fee on collected rent, so base management revenue p…
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There is a real gap between how hotel investments get pitched on paper and how a hotel actually earns money on a given night, and it is worth understanding before reading another…
Compare two finished cosmetic flips in the same metro, different price bands, with nearly identical material specs. Same builder white on the walls, same LVP, same brushed nickel…
A developer sent a neighbor of a parcel I'm watching an option agreement for a solar lease, something like $35 an acre a year for the option period and then a lot more if they bui…
Consider a private first lien loan on 320 acres of cropland, made by a lender rather than an owner-operator. The borrower already farmed 640 acres and was buying an adjoining 80 a…
Take an operator who sells rural parcels, mostly 5 to 40 acres across two counties, who has built a content workflow because nobody local shoots land properly. The workflow: a dro…
Read a typical listing media agreement before a client signs it and the grant clause will license the images to the listing brokerage "for the term of the listing agreement, for m…
I've been running pipe for eleven years and I have never priced anything except my own work. An investor I've done rough-ins for asked me to bid the whole rehab on a 1,380 sq ft r…
An investor reached out about coordinating work on two of his rentals. In one sentence he asked if I could "put a rehab crew together" and in the next he asked whether I was a lic…
I run thin. Two to four rehabs going, and my whole advantage is being the offer that closes without drama. Over the last two years I've done four deals where the listing agent wro…
Put two sets of documents side by side, both age restricted rental communities of roughly the same size, and the contrast is instructive. The first one is pure active adult. Nobod…
@gregpowell66 a 14-unit value-add closing at $1.9m with $640k of LP money across eight people is a reasonable size to think this through carefully rather than default to whatever…
Take a sponsor with nine deals, 240 LP positions, and 170 unique households after deduping joint accounts and the investors who came in through both an IRA and a trust. Two quotes…
Consider an investor setting up a self-directed IRA to move about 60,000 dollars of old retirement money into real estate paper, facing two custodian fee models shaped completely…
I have been calling servicers for a few weeks trying to understand what the service layer around private lending actually is, since that side of the business is where I keep landi…
Say a package of two small rental houses sells for 465k. Buyer puts 10% down, 46,500. Seller carries 418,500 interest only at 7.25%, 2,528 a month, balloon at month 24. The whole…
For a passive investor circling the hotel sector, the timing question is worth laying out on both sides rather than resolving by instinct. The case for going now. Hotels reprice e…
I asked four people to quote the same job: listing copy, twelve social posts, one short walkthrough edit, for a single family rental I'm putting up for lease in the spring. I aske…
Say a prospective student is doing diligence on two coaching programs before spending $9,000. Both have testimonial pages. Both put a number on the homepage, one claiming students…
An operator with about 400 people in his paid community wants me to build and run the onboarding curriculum for new members. Terms as sent: $2,500 a month for 12 months, six modul…