every post in the forum, newest first
Consider a single family purchase for an investor moving from duplexes into single family for the first time in years, with numbers worth walking through as a live scenario. 3/2 b…
A common scenario for anyone running management on scattered SFR: an owner pushes back hard on the fee schedule and wants 8 percent flat, no leasing fee, no renewal fee, no markup…
Reading through the luxury flip discussions here, the actual disagreement seems to come down to one distinction. When people say luxury renovations are exacting and expensive, tha…
Anyone new to notes runs into the same wall. Every article assumes the reader already knows the vocabulary, and seasoning is one of the words that gets used constantly without eve…
Here is a scenario to work through. Four unit building, owned three years. Unit 3 goes vacant, a 1 bed that has been getting $1,150 on a year lease. There is a small college and a…
Take a one bedroom condo in a beach town. Comps on the block show about $180 a night and a listing agent will call 60 percent occupancy conservative, which pencils to roughly $39k…
Sat in on a budget call for a 224-unit mid-90s garden community last week, third-party managed, fee is 3.5% of collected revenue. The manager brought a proposal for leak sensors a…
Take a buyer paying 2.5% buy side with a $6,000 minimum, looking at four to six houses over the next 18 months at $150k to $220k, light value-add rentals intended as holds. That i…
The rent roll said 91 percent physical. The bank statements said something else. Seller had owned it 22 years, hadn't touched rents since roughly 2016 on maybe a third of the tena…
Sat next to a man in a folding chair at a kids' swim meet last spring. He had a legal pad on his knee with columns of lender names and little marks next to them, and he was updati…
I do fast, thin deals in houses and I've never touched parking. Two things landed on my desk in the same week and they're pointed in opposite directions. One is a 19-space gravel…
First rental is supposed to close in about six weeks and the seller just changed the shape of the deal on me. Small 3/1 in a working class part of town, asking 245k, I was going t…
For anyone building a note servicing offering, wraps are the messiest instrument on the desk. On a straight seller financed note the servicer collects from the buyer and remits to…
Reading the deck for a 180-unit deal and the fee page lists a 2% acquisition fee, a 1.5% annual asset management fee, a 1% disposition fee, and then the cash splits 70/30 after an…
I had $60k and a sponsor I liked with a $50k minimum. Almost put the whole thing in one deal. Instead I asked both that sponsor and a second one whether they'd take $30k. Both sai…
When hiring out prospecting for small-town properties, proposals often split on who handles the compliance side. One approach has the calling shop scrub against do-not-call regist…
Consider an operator with two closed deals and 480k of equity raised across nine investors, both still performing, now planning three acquisitions in the same submarket over 18 mo…
Consider a JV capital provider stepping into a deal that is not theirs to run. An operator with a decent track record in flex industrial brings 34,000 square feet in a tertiary ma…
Take a 140 acre cutover parcel where the timber cruise supports maybe half the asking price, with frontage on a county road, a creek, established food plots, and a broker who says…
Take two LPAs side by side, both value-add multifamily, both around a three to five year stated hold, both from sponsors worth taking seriously. Sponsor A: 2 percent acquisition f…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
