live deals, numbers on the table
I am sitting on a deal in Fontana right now, seller carry at 4.1 percent, $218,000 remaining, and I had assumed I could wrap at 7.5 and pocket the spread on the full $265,000 sale…
The fee the management company charges shows up clearly enough, eight percent of collections, a lease fee equal to one month's rent. What I cannot get a clean read on is whether t…
Asking because I've been in the servicing world, not ownership, and the stuff I see go wrong almost never shows up in the summary. I ran payment books for two land sellers on 31 i…
When the listing agent writes the offer for the buyer, the seller's negotiating position goes to the same desk that gets paid more if the price holds. The agent's incentive is a f…
Take a conventional owner-occupant loan at 5 percent down on a 350k house. The note says principal residence. The borrower lives there 12 months, plans to convert, and then finds…
A purchase price that works for a retail MLS listing at full market value does not necessarily work if you need to move in twelve months and take whatever offer comes. Take a hous…
I have 34 spaces in a comparable situation and I've been running it as one number, but I wonder if breaking it down by individual space would surface anything useful, like which r…
Had a guy come out to a bathroom in my Różanka duplex in March. Retiled three walls, left a gap around the drain the width of my thumb, asked for the second installment, and disap…
The assumption I keep seeing tested is that motivated sellers carry paper because they need to move the property. Sometimes that is true, but the more durable reason in this rate…
The math that breaks it is straightforward. Take a 6-bed home at $4,500 per resident per month at full census. That is $27,000 gross at stabilization. But month two, with two resi…
I got curious about this after the 41% thread because I realized I have no idea what the floor is. Like what percentage would make you throw the list out entirely versus keep dial…
I keep thinking about what that word is doing in that sentence. Standard means the attorney has seen it before, not that it is harmless to this buyer. Cross-collateralization ties…
My aunt's duplex is in a mid-size Ohio city and I have been loosely poking around whether the vacant lot behind it could ever be split off. The city website says utility extension…
A 1.75x EM over five years works out to roughly 11.8 percent annualized if you compound it straight. Getting from there to 15 percent IRR requires the model to front-load cash flo…
I run a small debt fund so I spend a lot of time thinking about where I sit in the capital stack, and preferred shares on public REITs have started showing up in conversations I'm…
Sitting on a single family in South Tucson I picked up in March 2024, bought it with hard money at 12.5 percent, 65 percent LTV against a 210k purchase. Loan matures in October. T…
I'm closing on a small multifamily in San Antonio in about six weeks and trying to figure out if showing up for a walkthrough after the cleanout crew finishes actually gets anythi…
Talking to a sponsor in Phoenix about a 72-unit value-add, $4.1M raise, and the way the co-GP structure is drawn up I would carry 80% of the personal guaranty while they take 50%…
That 2021 comp was a bidding war on a gut renovation with a view lot and a pool house. Her place is a 2018 builder grade with a flat backyard and a shared driveway. I pulled seven…
I've been sitting on that for three days and I still don't have a clean answer. I hold two positions, Realty Income and a healthcare name I bought in 2022 when it was down around…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
