Consider a non performing note bought at $52k against a $114k unpaid balance, with the house valued around $167k as-is on a trusted exterior BPO. Vacant, secured, being checked mo…
Take a transaction coordinator's client agreement with three clauses worth reading closely before signing. First, if the scope exhibit says the coordinator provides calendar remin…
Take a buyer who finds a small three bedroom through an open house, and the agent standing in the kitchen offers to write the offer herself and save everyone time, sliding across…
I've got about $150k I want to put toward this sector and two routes on my desk, and after three weeks of reading I still can't articulate the difference in what I'd actually own.…
A scenario worth working through for anyone looking at a first LP position. Say an investor is put in front of a sponsor doing a mixed-use redevelopment and has the offering docum…
Opened a brokerage account last month with 9k in it. Two REITs on my shortlist. One shows a 7.4 percent dividend yield and the other 3.4. I assumed the higher one was simply bette…
A useful case for anyone structuring a JV wholesale deal. Contract signed on a 3/1 brick ranch in a working class pocket, 1,100 square feet, out-of-state seller wanting out, purch…
Here is a scenario worth working through because the co-host math changes with the HOA rules. Two bed two bath, 1,050 square feet, lake town, $312k, closing early next month. The…
Consider a 68,000 sf suburban office deal under contract, seven tenants, 81 percent leased, mid-way through estoppel collection with four back and three outstanding. One estoppel,…
Here is a scenario worth working through for anyone who calls themselves a passive hotel buyer. Take a 62 key exterior corridor extended stay in a secondary market, one interstate…
I have a subscription agreement on my desk for an LP position in a single-asset deal and I keep circling the same page. Writing this out partly for myself, and partly because I wa…
First real project and I'm probably out of my depth, which is why I'm posting the actual contract terms. Detached 800 sq ft, two bedroom, site built not prefab. $212,000 fixed pri…
Consider a draw administration service built for small developers, the 10 to 40 unit range, people running one or two projects without an in house construction accountant. The wor…
Consider a small pool of seasoned second liens. Twenty two loans, unpaid balances from 18k to 96k, weighted average coupon 9.4, seasoning of 14 to 31 months, seller asking 88 of U…
First land purchase, so please poke holes. 60 acres, mixed pine and hardwood, asking 145,000, so about 2,400 an acre. Seller is an estate and there's no rush on their side. Here's…
Take a 1960s ranch, 1,320 square feet, inherited free and clear, clean inspection, everything functional but dated: wall to wall carpet, wood paneling, an older bathroom, a kitche…
Take a management book with a mix of unit sizes, where the small multifamily side is where margin tends to disappear. Ten percent of collected rent on a triplex averaging 1,200 a…
I've been reading land for months without buying anything, and in the process I got to know a guy who assembles recreational acreage. He buys four or five parcels a year, all cash…
Say a capital gain from a stock sale comes to about $58k. The general mechanism worth understanding: the government designated certain census tracts as opportunity zones, and a ca…
For an investor whose usual path is land and long holds, a sale-leaseback offer from a regional operator is worth thinking through carefully precisely because it sits outside the…