one click, then see the split
Consider pricing for a 180-unit active adult plan, three-story walkups plus fourteen cottages. As drawn, the amenity package is a 12,000 square foot clubhouse with a fitness room,…
Rebuilding acquisition cost assumptions out to 2027, the buyer-side fee is one of the harder inputs to defend with data right now. Recent averages sit near 2.4 percent, essentiall…
Two investors, two completely different answers, same week. The first one told me to send him a couple and if he likes what he sees we'll talk about money. Friendly guy, buys mayb…
Looking at two LP offerings on the same rough size, both 90 to 110 keys, both in secondary markets, and the only real structural difference is affiliation. One is a hard franchise…
Two operators have approached me in the last month and they want opposite things. The first wants deposit money. He's got sellers who won't take a 5k good faith check on a 1.9M ho…
A common dilemma for new virtual wholesalers is choosing between two shortlisted out-of-state markets with decent price spreads and plenty of listed cash sales, versus starting in…
Two structures come up constantly for anyone sourcing property on behalf of a named buyer, and it is worth being precise about what separates them. Shape A: the sourcer signs the…
Take two counties with roughly 310 new default filings a month between them. Pulling the last 90 days shows what a real campaign costs. Five touches at about 1.10 apiece is 5.50 a…
Consider a small joint venture on four furnished units, roughly $38,000 of furniture and housewares against about $1.1 million of real property. One common structural pattern has…
I've been going back through the NCREIF farmland numbers because a fund deck I got handed leaned hard on the recovery story and skipped past what happened before it. The facts as…
I've got 90 days into this and no deals, so take my framing as a beginner's framing, but I've now heard two experienced people in this room describe completely opposite machines a…
I've been reading titling patterns on sub-to acquisitions and I don't think the room agrees on this at all. The land trust argument: the deed transfers to a trust, the seller is o…
Reading transactional funder agreements closely shows where the real protection sits. The same-session structure is straightforward: money goes out, the A leg records or is held,…
Working through a 128-unit heavy value-add where the plan is a 24 month reposition, agency refi in month 30, then hold to year 7. Purchase 14.2M, 3.9M of capex, all-in basis aroun…
Underwriting a small multifamily BRRRR with a refinance nine to twelve months out raises a genuine question about which rate assumption belongs in that exit line. Say today's quot…
Consider a purchase of a small mixed use building where the title commitment comes back with fourteen exceptions on Schedule B, most of them unfamiliar to a buyer reading it for t…
Trying to figure out where I fit in this business and wraps keep coming up in every conversation I have, so I read the chapter twice and then read a sample note. Here's the piece…
This question comes up constantly from anyone buying a first duplex or triplex, and the honest answer depends heavily on the specific building and owner rather than having one rig…
Take a JV wholesale deal where one partner sources a 3/2 in a working class suburb under contract at 118k, a buyer at 141k, and 23k of spread before title fees, while the other pa…
Property managers considering adding coordination as a service line often get inconsistent answers when they ask agents what a TC actually does, half describe a calendar and half…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
