MFN is what worries me about the anchor's side letter, not the 1.25%
20m target fund, hard cap 25m. An anchor is offering 5m at first close and their side letter asks for management fee at 1.25 rather than 1.5, no change to the promote, quarterly p…
All 132 real estate strategies.Every room answered.
Start with a RE category
Next, pick a strategy
Then pick the type of post
someone asked, the room worked it out
20m target fund, hard cap 25m. An anchor is offering 5m at first close and their side letter asks for management fee at 1.25 rather than 1.5, no change to the promote, quarterly p…
I'm trying to understand where the money actually comes from in a brokerage. My understanding, which is probably half wrong: an agent has a salesperson license and has to hang it…
Trying to size an entry position and the ranges I see quoted are all over the place. People talk about $20,000 notes and people talk about $150,000 notes as though both are normal…
I mostly do land and zoning so office vocabulary is new to me. Two things I can't line up. Every market report I read says prime office is tightening while everything else struggl…
The number I keep tripping over is the reported typical flip: buy near 260,000, resell near 325,000, gross profit around 65,000, gross return roughly 25 percent, described as the…
Looking at a small provider doing agent marketing, 34 retainer clients, average $740 a month, gross margin around 55% after contractor costs. Median client life is 11 months, whic…
60-lot park, in-place lot rent $265, the broker's "market rent" is $425, and the model walks it there over 24 months in two steps. Everything else in the deck is flat. I'm buildin…
I've got a file shape I want to understand before it's in front of me: buyer is a Delaware LLC, all cash, no institutional lender anywhere in the deal. Because there's no bank wit…
Four rentals I own directly plus a handful of LP positions in syndications where all I get is a K-1 once a year. I'm currently running the rentals in a spreadsheet and it works un…
Working a 240 unit in a submarket with two lease-ups within a mile. Asking rents on the rent roll average 1,650. Effective is closer to 1,512 once I back out concessions, which th…
I went into this looking for the version of commercial real estate where I collect a check and don't get a call. Everything I read said industrial leases are net, meaning the tena…
Under LOI on a two tenant medical outpatient building, 18,400 sf, $6.8m, 6.9% going-in cap. Bigger tenant is a system-affiliated cardiology practice, 11,200 sf, 9 years left, $32…
I've got about 25,000 set aside and I've been looking at 20 to 80 unit apartment properties because the guide says the scale carries professional management, which sounds better t…
I'm saving toward a first purchase and thinking about putting a smaller slice into a crowdfunded deal in the meantime. My agent asked whether I'd need to be licensed to invest tha…
Mid renovation on a 1920s two story, roof came off the back addition, and I've been flying a $700 drone over it twice a week so I have a record of the framing and the flashing det…
I own two small multifamily buildings and my agent handles both on landlord policies. A 19-room motel two towns over came up at a price that doesn't seem crazy and I asked the sam…
18,000 sf, three tenants, 88% occupied, asking $4.1m. In place NOI as delivered is about $290k, so 7.1% going in, and the debt quote I have puts me around a 1.35 coverage on year…
I've got an old 401k worth somewhere in the mid forties that I could roll into a self-directed account. What I want is income showing up without me acquiring a second job, so the…
Buying an 18 acre parcel and the seller's marketing had a drone video plus about a dozen aerials, and the listing agent mentioned the seller paid $600 for it. The video is genuine…
Reading through three different ordinances in my metro and the thing that keeps changing the math isn't setbacks or size caps, it's the owner-occupancy condition. Two of the three…