every post in the forum, newest first
House agreements tend to get vague right at the cleaning section. Residents keep common areas tidy is doing a lot of work in one sentence. Three ways to handle it: Build a cleaner…
A $60 million equity allocation into a 22-park mobile home portfolio, averaging 90 lots, keeps coming back to the same fork: back a sponsor who already runs a platform across 40-o…
Some investors pay scouts two ways and let them pick. Either $500 flat on any lead taken to contract, or 5 percent of net profit when the deal closes. Same pipeline, same investor…
Manufactured housing fund summaries describe the portfolio in pads and then say something like "92% lot rent only, minimal park owned homes." The basic structure is that the fund…
Consider a $4M participation offered in a $19M bridge loan on a 14 park portfolio, where the debt yield only works if income that may not persist gets counted. Say the portfolio i…
Ran a one day workshop for people coming out of the trades who want to start buying. Four seats at $400, so $1,600 collected, $180 for the room and $60 on coffee and printing. My…
Consider a builder with eleven years swinging a hammer and experience running other people's jobsites, so framing and sequencing are not the concern. Carrying the money side of a…
Take a two bed one bath six blocks from a hospital. Nightly it has averaged about $3,400 a month gross across the year, with peaks near $4,600. A new ordinance sets a 30 consecuti…
Here is a clause structure from a co-hosting agreement, the kind that circulates for a two unit in a beach town, and it deserves other eyes. The owner holds title. The co-host ent…
Ask me about scope creep and you'll get an hour, but the version that's bugging me this month is software scope creep. I run acquisitions and rehabs. Sellers, agents, wholesalers…
Looking at a stabilized 10 bed, second year of full census, and the seller gave me a P&L plus, by accident I think, a printed staff schedule from last month. P&L says: Revenue 47,…
Consider a 24 unit assisted living community on a triple net master lease to a regional operator, 11 years left, 2.5 percent bumps. Rent is $1.32M a year and the operator's report…
From the property management side, materials from lien funds describing themselves as fixed income substitutes tend to split into two halves that do not sit comfortably together.…
Numbers first. Selling a 3/2 at $480k, listing agent wants 2.5% for herself and recommends we "be prepared to" cover 2.5% for the buyer side, so $12,000 each side, $24,000 total o…
A proper seller net sheet, built without the round numbers a marketing sheet tends to use, tells a different story than most sellers expect. Take a sale price assumption of 412,00…
Sorting through four offerings and they're all the same asset class on paper and nothing alike underneath. Trying to make the segment choice explicit rather than picking whichever…
A common failure point in live-in-then-rent strategies shows up not in the numbers of property one but in qualifying for property two. Take a first property bought at $268k, 3.5 p…
Read an occupancy affidavit cover to cover, which apparently nobody does, and it will typically say the borrower intends to occupy as principal residence within 60 days and mainta…
A useful test surfaces in comment threads often enough to be worth laying out for anyone still working through opportunity zone mechanics. The setup. A capital gain from a sale go…
Onboarding for a raise I'm helping on, and the welcome email drafts split two ways. One says "our investor relations team" and signs from the fund. The other names the outside fir…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
