live deals, numbers on the table
This comparison comes up constantly and the arithmetic is worth laying out in full. A capital provider with eleven doors and an unused line of credit gets approached by an operato…
Consider a property manager asked to take over a 190-space paved lot near a hospital campus and courthouse, previously self-managed with a payment app and occasional weekend check…
Consider a 3,900 square foot custom home on 1.4 acres, edge of a good school district, listed at $1,149,000 in early spring, where comps support $1.05M to $1.12M depending on how…
Here is a pricing decision worth working through, because the third sale is the one that forecloses everything after it. The asset. Three counties, small multifamily and 1-4 unit…
I've spent two years looking at land and holding patterns, so buying an actual building with actual tenants is new territory for me. The deal: 6,200 sf single story medical buildi…
I'm $75k into a $12m entitlement fund, 41 LPs, three parcels on the edge of a growing secondary market. The plan was rezoning and a sale to builders, five to seven year hold, no c…
Under contract on a small three bedroom rental at 168,000, my first one, and my loan officer asked a question I couldn't answer. He pulled the county records and the person on my…
Say a developer's 40 unit infill project is stalled at permit plus nothing. The GC pricing comes in around 12 percent over the number in the pro forma taken to equity, contingency…
Here is a live-in flip scenario worth working through, because it is the shape most first timers land on. A 1974 ranch, 1,450 sq ft, three bed one and a half bath, listed at $289k…
Seller wants $159,600 for 38 acres, which is $4,200 an acre. It's been listed a while, mostly wooded, one long side on a paved county road. What I think I have. Sold comps in the…
Old employer 401(k) with $310k in it. I have a side consulting income, real 1099 money, about $40k last year and probably similar this year. Three rentals held personally already,…
Take an 11 acre parcel on the edge of a town of about 40,000, currently zoned agricultural, shown on the comprehensive plan as low density residential, with a sewer trunk line run…
Here is a live scenario the room can work through. Two bedroom, 900 square feet, second floor of a four unit held since 2019. The tenant gives notice and is out at the end of Febr…
Take a manager evaluating a management agreement on a 14 room boarding house, taking over from a manager retiring after eleven years. The draft agreement as offered often does not…
A contract at 425,000 with a 2.5 percent buyer-agent fee and a 3 percent seller-paid cost concession looks straightforward until two things surface that change the numbers. First,…
Consider a sixteen-facility self-storage aggregation, four quarters into an LP hold, with a report showing same-store revenue down 1.8 percent year over year. Physical occupancy 8…
Take a contract on a 21,000 square foot neighborhood strip center, seven bays, 78 percent leased, contract price 1.44m, in-place NOI about 139k, a 9.65 in-place cap rate. A buyer…
Underwriting a single parcel with two exit paths often produces numbers that do not compare cleanly, and this is a useful case to work through carefully. Say basis is 19,400 all i…
Consider four flips a year in a fairly narrow band, 180k to 260k, mostly 1,300 to 1,700 sq ft. Staging quotes typically land between 3,200 and 3,900 all in, so call it 14,400 a ye…
Here is a scenario worth working through for anyone on the service side of voucher housing. A small landlord fails her voucher inspection twice on the same unit. First visit it is…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
