I've got two houses I can realistically pursue in the same metro, forty minutes apart. The first is a build-to-rent unit in a new subdivision, everything under warranty, likely ca…
I'm looking at a small house near a business corridor and the furnishing decision is the part I keep going back and forth on. Three ways I've seen described here and elsewhere, an…
Registered non-traded REITs with a modest minimum, say around 2,500 dollars, are often the first entry point into this category for investors used to lower price points. There are…
Read passive office offerings carefully and the same structure shows up in nearly all of them. A five year business plan. Buy at a discount to what the last owner paid, lease up t…
Take a shop closing 61 files a year, 44 of them investor deals on the private and bridge side. On a brokered bridge file, compensation typically runs 100 to 150 basis points depen…
For anyone building a list and rehearsing calls, the question that keeps flipping back and forth is whether the words "I'm going to assign this to another buyer" belong in the fir…
A common setup for a small paid leasing program, six weeks, aimed at people managing their first few doors, forces a real decision about what goes on the sales page. One route is…
Two fourplexes on my list, within 15k of each other on price, and the mix is the only real difference. Building A is four one-bedrooms at 900, so 43,200 gross. Building B is two t…
A two story former medical office, about 11,000 sf, asking around $58/sf in a small city where finished two bedrooms lease fine, is the kind of listing that raises the question of…
A capital call notice on a 1970s vintage multifamily position, 11 percent of original equity, framed as funding an extended lease-up and topping up the interest reserve, is a comm…
I'm 40 certificates in across six states and I picked those states specifically so I wouldn't be exposed to one housing market. Spent an evening going through why the owners were…
This question comes up often enough to be worth laying out clearly. A buyer signs a contract, and there's usually a title or settlement company already penciled in because the age…
License paperwork is nearly through and I have two directions in front of me that I can't run at the same time with three guys. Direction one is investor work only. Repeat clients…
I've been reading two offering models side by side for a week and the thing that keeps stopping me is the terminal value. Deal one: 200 units, entry cap 5.1, exit cap 5.25 at the…
I'm reading this room from the outside, first rental still ahead of me, and the thing I can't resolve is how people decide the geographic shape before they've bought anything. The…
Take a listing at $289k asking with comparable three bedrooms on the same street renting around $2,050, or 0.71 percent of price in monthly rent. A decade or so ago, that ratio al…
Here is a decision a lot of mid sized commercial subs are facing right now, and it is worth arguing out with real constraints on the table. Picture a 22 person crew getting its th…
For someone new to land who owns small multifamily, the vocabulary matters before the numbers do. Entitlement means securing the government permissions that let land be built on:…
Two schools of thought show up often on who should post the deposit in a reverse wholesale structure, and they pull in opposite directions. One approach is for the wholesaler to f…
A self-directed IRA choosing between owning a rental outright or holding a private note secured by real estate is really choosing between two different compliance and risk profile…