I've spent most of my time on raw land, so storage is new to me. What pulled me in is that the sector seems to be arguing with itself right now and both sides sound reasonable. Th…
Land banking in its pure version is buy raw land, make no improvements, collect nothing, wait. Then almost every person I talk to who actually owns acreage mentions some small inc…
I'm finally selling a 1,450 square foot ranch on an infill lot I bought eight years ago for an assemblage that never came together. Vacant, clean, 1968 kitchen, nothing wrong with…
Came from the construction side and I'm learning the capital side, and this is the line I can't get comfortable with. Every conversion pro forma I've been handed in the last year…
My REIT sleeve paid about $1,900 last quarter across five positions, and the brokerage had reinvestment switched on by default for all of them. I turned it off to think and now th…
Four completed cycles, fifth under contract, and the thing that's slowing me down now isn't money. I've got a line of credit and a couple of people who'd fund a rehab tranche if I…
Sitting on two options with the same seller family and I have to pick a policy, not a deal. Parcel A: 34 acres, deed chain clean back four transfers, access off a maintained count…
Spent an hour each with two brokerage owners this month and they gave me completely opposite answers to the same question. The first has six agents and closed 19 deals himself las…
I've been running content for my own rehab work since 2022 and for three clients since last spring. Small shop, me plus an editor at $28 an hour. The split I can't resolve is face…
Ran a 118k in, 142k out last month and both legs closed within about two hours of each other, which is how I've done every one of these. My funder doesn't care, the fee is flat pl…
Foreclosure filings were up 26 percent year over year in the first quarter per ATTOM, starts up 20, repossessions up 45. So the list is getting longer and every scout I talk to ha…
Small three bed, estate sale, contents still in it. The heirs are out of state and the listing agent brought me two versions of the same deal. Either the seller delivers it broom-…
212 units, 24,600 net rentable square feet, 89 percent physical and 81 percent economic occupancy. Asking price implies a 6.1 cap on trailing twelve, which is fine. The problem is…
I've been reading operator house agreements to work out where a service business could sit in this model, and two of them handle new tenant selection in completely opposite ways.…
Note on my desk, 9% coupon, amortizing on a 30 year schedule, balloon at month 84. Balance 118k, seasoning is 29 payments clean, I'm being quoted 74. At 74 the yield to the balloo…
I'm still working out where I fit in this industry, and lately I've been sitting in on trustee sales in my own county to learn the mechanics. Six on the calendar last month. Four…
I'm one of the smaller checks in a group that holds a handful of small multifamily buildings, and I've been reading the operating invoices instead of just the distribution notice…
I asked an agent for a blank copy of her listing agreement so I could read one before I ever have to sign one for real. The term line says twelve months. She said that's just what…
Trying to pick a lane and land keeps coming up because there's no rehab in it, which suits me since I know nothing about construction. The two shapes people push me toward are opp…
I've been pricing my first deal from the outside for a while and I finally built the daily hold number instead of a lump sum contingency. Interest on hard money at a rate I'd have…