Bought this two years ago as the boring end of a portfolio that's otherwise flips and a small BRRRR stack. Loblolly plantation, planted in a good year, 310 acres of which about 28…
I've been reading the management agreement on a select service deal a group I know is putting together, 140 keys, secondary market with a hospital and a state university inside th…
Take an operator with 22 units, three spreadsheets, and four years of Gmail, moving to a real CRM with two properties under contract and a system that has been little more than a…
A 48,000 sf single tenant industrial building, 28 foot clear, built 2006, leased to a third party logistics operator with 6 years remaining, asking $3.35M against $231,000 NOI for…
Consider a 30 site park with a flat cleared area at the back, about 2.4 acres, that already has a gravel loop from a previous owner who apparently started and stopped an expansion…
Take an investor bidding in two counties three weeks apart and coming out with 63 certificates. Average face around 1,840, total deployed 116k, rates between 6 and 14 depending on…
Consider a package from an operator who has been flipping recreational parcels for about six years and wants capital back to buy more. Nine performing notes, total unpaid balance…
A contract for deed template used for owner-financed rural land sales is worth reading closely before money moves anywhere near it. For context: a contract for deed, sometimes cal…
I'm doing the analyst work on a $32M refinance for a small sponsor and the mezz piece is where I'm stuck. Senior is quoted at 58% of value, mezz takes it to 76%, coupon 12.75% wit…
Take an investor with 11 doors, buying 4 to 6 a year, mostly small multifamily off market, financed with a mix of cash and DSCR loans, who has run contract-to-close paperwork out…
Take a small 4-unit found through a text campaign in a market the buyer has never visited. Two units occupied, two vacant, seller says the vacants need paint and one needs a tub s…
A common bird-dogging situation: someone spots vacant houses through their day job, in this case job sites, and keeps informal notes over time without any system behind it. Say th…
Say a job payout clears and 400k of it sits in a money market while the owner argues with their own spreadsheet. The goal is liquid real estate exposure instead of another ground-…
My first rental closes in about five weeks, a small three bedroom I found through an agent. Somewhere along the way I ended up on an email list, and now I get two or three message…
First rental, closing in three weeks, two bed one bath in a decent part of town. Asking $1,300. A woman who does listing content for a couple of local agents offered me a package…
Here is a scenario worth working through. Say a landlord with eleven units, mostly small stuff, has collected maybe forty local landlords over six years who buy at the same price…
1958 ranch, 1,240 sq ft, three bed one and a half bath, bought at 152,000 as a keeper rental. Budget was 42,000. I'm at 61,000 with the kitchen not installed. Where it went: cast…
When papering the vendor side of a crew taking on REO clear-out work for servicers and property management shops, the commercial terms are typically the easy part: a flat bid per…
Take a 90 key limited service hotel renovation: soft goods, casegoods, corridors, and bathroom work required by the brand standard. A contractor's number often comes in around 21k…
Take a 6,000 square foot two story commercial building being converted to apartments under an opportunity zone structure, where the developer needs the qualifying improvement spen…