This produces two different answers depending on which capital event you assume, and it is worth walking through with real numbers. Take a 48,000 sf spec industrial shell outside…
A useful example of what a good VA actually produces. Say an agent hands a VA six expired listings in the 92078 zip, all expired within the past 45 days by sellers who priced too…
Looking at a 54-key select service in a mid-size market, and the franchise royalty runs about 5% of room revenue. Operator is pitching the brand as rate protection when occupancy…
Take an investor with a 67,000 gain deciding whether to roll it into a qualified opportunity fund. The argument against it is blunt. That is 67,000 going into something they canno…
Here is a probate case worth studying because the loss came from a line nobody was watching. Take a probate SFR in Tucson where the homeowner's policy lapsed four months before th…
This is one that genuinely lacks a clean answer. Say a sponsor closes a 32-unit deal in Q1, the LLC is formed and capital is deployed. Then the next deal does not come together un…
I converted the place in Tucson in March 2023 and moved to Portland for work. Figured I could handle it myself, save the 8% management fee, maybe $140 a month on a $1,750 rent. Fo…
A common situation is an owner with two units in one market, living in another, weighing whether to self manage the next one. Say the fee is 9 percent plus a leasing fee of half a…
The tenants have been there six years, pay $1,140 a month combined, and the lease renews in March. I had an agent walk through in September and she said I could get $1,380 if I re…
Take a single family bought at 71k with 38k of rehab put into it, refinanced at 121k on a DSCR loan at 7.1 percent six months in. That returns 103k of the 109k the operator had in…
The broker pitch on flex and shallow bay in secondary markets has not changed much: e-commerce demand is structural, so vacancy stays low and tenants stay sticky. That held in mos…
Bid due in nine days on a first lien, $74k ask, $141k UPB, SFR in Ohio. The title report shows the originating lender sold it twice but neither transfer was ever recorded with the…
Consider a passive LP who owns a quarter of a multifamily building in Columbus and has never set foot in it, which means relying heavily on what people say. The operating partner…
Consider a second lien on a former call center in Dayton, Ohio, converted to 34 apartments in 2021. The sponsor runs out of money at 60% occupancy, the senior begins accelerating,…
A title rep's line worth sitting with: the higher the number on the contract, the more creative the ownership situation tends to be. Take a 2.1M estate where the seller says he ow…
I don't have an end buyer yet. That's the whole thing I'm sitting with right now. Found a property in Akron, seller under contract at 74k, I have what looks like a 94k end buyer r…
This pattern is common enough to be worth laying out. Take a house in Hilliard, Ohio, at 118k asking, ARV around 195k, repairs maybe 28k. The anchor buyer has said 70% of ARV minu…
Say a seller has a condo that will list at maybe 289k, and the stager will not start until the seller commits to a minimum 8 week term at 2,240. Is that a normal structure, or is…
Happened two months ago, March 2025, and the ordinance created this middle tier between the single-family 6-bed limit and the full commercial AL threshold. I've been buying sites…
Funded two draws on a strip in Lakeland, Florida last spring, 6,400 sf, four bays, three occupied. The anchor was a regional sandwich franchise, corporate lease, no personal guara…