one click, then see the split
Re-underwriting room rented houses tends to expose the reserve line as the softest number in the whole model. Rent, taxes, and insurance can be defended within a few hundred dolla…
Take a 10-bed residential assisted living conversion. The exit assumption tends to do more work than anything else in the model, so it is worth laying out how the two approaches d…
I've got a sleeve I want to put into crowdfunded deals over time, and the sequencing is where I keep stalling. Not the amount, the pacing. One way: pick a couple of platforms, tak…
Take a seller lead product running in several metros, where every lead currently goes to three buyers at once for a shared price, versus an exclusive price at a discount to the sh…
Consider an investor with eleven units across four small self-managed buildings, all acquired around 2021, sitting on 75,000 dollars of uncommitted capital and weighing direct own…
Two buyers looking at the same $40k purchase on a defaulted first can describe the same trade in completely different terms, and both descriptions are legitimate strategies rather…
A broker in a small land and rural market faces a genuinely hard call worth laying out. Nine agents, four of them close deals, five do not. Over the last year, eight or nine inbou…
Two student housing profiles come up constantly right now and they are genuinely hard to rank, so it is worth seeing how this room splits. The first is 240 beds within walking dis…
Two equity offerings in front of me, same asset type, both targeting low teens IRR on a five year hold. First one: sponsor puts in 10% of the equity alongside investors, 2% acquis…
I've spent about a year reading about this and watching two subdivisions go in near me, and I still can't tell whether I'm supposed to start small or start adjacent. The two paths…
The reporting rule text is worth rereading, because closers keep asking what happens when a buyer entity will not hand over beneficial owner information. The rule took effect Marc…
Sitting on a signed deal where the personal representative wants to close in three weeks. The claim period for creditors in that state hasn't run out, and the title company came b…
Consider a 190-unit value-add LPA where the waterfall pays promote on a deal-by-deal distribution basis, meaning the GP takes 20% above an 8% pref as cash flow comes in, with a lo…
This is a question worth sitting with rather than rushing past, because both sides of it carry real risk. Say retirement savings have sat in index funds for years and the appeal n…
Two ways of underwriting the same kind of asset can produce very different numbers, and it's worth understanding why. One approach treats an RV park as hospitality: revenue per av…
I've spent the last few months reading conversion pitches from the capital side and the split between them is sharper than I expected. One group underwrites the building on its ow…
Take a common scenario: an investor buys an off-market property through a buy-side agent who sourced it through her own network, no MLS, no competing offers, and who takes a reduc…
I walked four open houses in my area on Sunday as a nosy visitor. Two had maybe six people through in two hours. One had a line at the door and the agent working the room hard. On…
A large share of fund decks in circulation now are debt funds. Senior bridge, mezz, preferred equity, some mix. The pitch is consistent: current pay in the 9 to 12 range, first po…
Pricing cleanout across a large batch of bank owned and pre foreclosure single family properties before walking any of them is a recurring problem, and it usually comes down to tw…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
