A common scenario worth working through: an LP position of roughly 75k into a 212-unit 1990s build in a sunbelt market, an 8 percent cumulative pref, 70/30 split above a 14 percen…
A scenario worth working through for anyone building the paper before the first deal, so that when a seller says yes nothing is improvised. Where a careful setup lands. A purchase…
Consider a 42 site park in a lake town, about 25 minutes off a state highway, under contract at 1.35M. Mix is 18 full hookup pull throughs, 12 water and electric only, 12 tent sit…
Take a content retainer signed to feed an off-market seller funnel: $2,400 a month for 12 short videos, 20 static posts, and a weekly email to a list of about 1,900 names built fr…
A useful case for anyone weighing a co-hosted short-term conversion against a long-term lease. Take a two bedroom condo rented long term for three years at $1,650, walkable to a h…
Here is a scenario worth working through, because it sits right on the line between a land play and an operating asset. A 1970s two-story office building in a small city downtown,…
Say a lease abstract for a 4,800 sf suite in a two story medical outpatient building reads guaranteed by health system parent, and the actual guaranty document tells a different s…
Take an 18 acre exurban parcel under contract at $71,000, with a title contingency and 14 days left to run. The commitment comes back with Schedule B showing the usual utility eas…
I read everything twice and I've now read this one four times. What I understand. It takes effect July 1, 2026. It requires wholesalers to register. It gives the seller a three da…
Take a case like this. 180 units, built 2004, secondary Sun Belt market about 40 minutes from a major metro. Purchase price $28.5M, so $158k a unit. The sponsor's deck says replac…
Take a buyer under contract on a 6-unit, 1971 build, 610k purchase, in-place gross of 71,400 with two units 190 under market. Financing quoted at a level that pencils at roughly a…
Working through an LP subscription and I'd like people to tear up the assumptions before I wire. Asset: 48,000 sf multi-tenant medical outpatient building, 1987 vintage with a 201…
Take an investor who closed on a small three-unit rental with a gain of roughly $310k after depreciation recapture is carved out, with active deals already in progress and no imme…
Here is a costing exercise worth stress testing. A small title agency is pricing what the residential real estate reporting rule actually costs per file ahead of the March 1, 2026…
An operator in my market is winding down after three years and wants to hand me his four short-term rentals. I've been researching this for six months without doing anything, and…
Renovated 3/2, 1,450 square feet, in a first ring suburb of a mid size market. All in at 205k including holding. Listed at 269k, best offer 265k from a buyer who has been denied t…
Take an LP position in a 216 unit, 2015 vintage asset in a submarket absorbing a lot of new supply, managed by the sponsor's own affiliate under a disclosed arrangement, 3% of gro…
Here is a situation an end buyer walks into more often than people admit, and it is worth working through from the buyer's side. Eleven days out from closing on a small brick ranc…
Consider an investor holding a position in a public non-traded REIT for several years. The sponsor files a change in the independent valuation advisor engaged to review the monthl…
Say someone has spent about a year circling strategies, is not hands on with a hammer, does not have significant capital to deploy, and has spent six years in outside sales, still…