someone asked, the room worked it out
Structure I inherited when I bought into this position: 36-month lease option on a single family, rent $1,750, of which $350 a month is credited toward a $265,000 strike price, pl…
I've been doing passive positions for a while and I do a lot of due diligence on sponsors, so I'm comfortable with the paperwork side. What I've never done is buy a property direc…
Agents sometimes pay one vendor for listing media and a separate one for listing content, and the distinction is real even when it is poorly explained. Media generally refers to t…
Trying to build a real predevelopment budget for a small commercial site and I keep guessing at the line items. I know I need a survey and a geotech report and civil drawings. I d…
Most tenancy addendum packets include a line stating that in case of conflict between the addendum and the lease, the addendum controls. Paired with a standard state lease form ca…
A lender term sheet on a small storage facility purchase often lists a loss of rents endorsement and customer goods legal liability alongside the familiar property and liability l…
When a drone pilot quotes a flat rate for the flight and a separate charge for editing, the flight portion is easy to picture. The editing charge is less obvious, especially when…
Take a campaign running roughly 15,000 messages a day across 60 numbers, all registered under 10DLC, same three message templates used for months. Response rate drops from around…
2.4% on a 700k purchase is 16,800. I don't think anyone does 16,800 worth of work for me on a resale house, and I say that with no disrespect to the job. So I went looking and fou…
A common question from owners of a small rental is whether Section 8 units create more or less management work than market rate units. One view holds that voucher units are less w…
I've got an option on a 3/2 at a $305,000 strike, 30 months, $7,500 option fee, no rent credit. Comparable resales are landing around $328,000. Rather than exercise and resell, I'…
I've been looking at hold-and-wait plays and this came in from an agent who knows I'm patient: a 1,900 sf brick ranch, four bedrooms, priced about $60k under the comps, described…
Consider an owner holding 9 acres behind an existing small building, picked up years ago as part of a larger site and left in grass since. Planning tells them up to 4 lots goes th…
Take a first-time debt fund from a shop with an established equity track record. Loans are bridge, first position, quoted at SOFR plus 450 to 500 with floors, so roughly 10 to 10.…
I'm starting from nothing here and I want to understand the cost structure of an acquisitions operation before I understand anything else. Everything I read talks about markets an…
Loan summaries in private lending routinely show second position paying 3 or 4 points more than first. Take a second lien on a rehab priced at 14 percent and 2 points, with a comb…
I do renovations, so I read a lot of inspection reports on houses that are about to be torn into. The reports are good. The pricing makes no sense to me. A guy spends three hours…
Working out what the first deal actually costs and I realized I don't understand how I get paid. If I assign my contract for $5,000, does the buyer write me a check when we sign t…
I've got a proposal in front of me from someone who wants to run disposition for a wholesaler I'm partly funding. Terms are $1,500 a month retainer plus 25% of the spread on anyth…
A management company built around 40 to 120 unit properties for local owners will typically find the requirements change once a 320-unit institutional buyer enters the picture. A…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
