The infill math stops working at $42k a home, so what am I missing
Fund II strategy is infill on the vacant pads we already own. 3,200 pads across the portfolio, 470 vacant, mostly clustered in six parks in the Southeast where the market lot rent…
All 132 real estate strategies.Every room answered.
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someone asked, the room worked it out
Fund II strategy is infill on the vacant pads we already own. 3,200 pads across the portfolio, 470 vacant, mostly clustered in six parks in the Southeast where the market lot rent…
I'm looking at 60 acres about nine miles past the last recorded subdivision. Asking is $4,200 an acre, so $252k, taxes run about $1,900 a year on the current ag classification, no…
Duplex under contract subject-to, seller's loan balance around $211k at 3.75%, and her hazard premium is paid out of her escrow. My insurance agent says he can't just add me to he…
$16m acquisition, senior quoted $12m at 6.75 with a 1.20x DSCR test, and I'm $2.5m short of closing. Found a group willing to do it as a mezz loan at 12 with 9 current and 3 accru…
I'm looking at a duplex listed at $340k, and the listing sheet says 6.8% cap. The lender I talked to went through my income, my credit, the down payment, and the appraisal, and ca…
I've got about $50k I'd want to place passively and mobile home parks keep coming up as the sector with the best cash flow characteristics. Everything I find is either a syndicati…
I have four small buildings and I've never done one of these, but a tenant in one of my duplex units asked whether she could buy the unit over time and I'm reading up before I ans…
Trying to figure out the actual line items on the seller side. My understanding is I hand over a deed, get a note back, and then money shows up monthly. That can't be free. So: wh…
Something that doesn't come up when people compare a fourplex to four houses: in a fourplex the tenants share space, and they compare notes. Parking spot two is closer to the door…
$465k, 3/2, walkable to the main street of a small tourist city. The city licenses short-term rentals annually and caps non owner occupied licenses at 4% of the housing stock. The…
Mostly I read about notes so this is new ground for me. An agent sells a house and gets a commission. A wholesaler assigns a contract and gets an assignment fee. In both cases som…
Running the numbers on sitting on the funding side of these rather than owning anything. A funder quoting 2% flat on a $200k A-B leg collects $4,000 for money that's out maybe six…
I've been modeling a $400k gain going into a single-asset fund. The building I keep coming back to is a 1960s two-story retail block, asking $520k, and about $300k of that looks l…
Ran the numbers on a deal in front of me and the headline spread is misleading. Underlying: 218k remaining at 3.9, roughly 22 years left, payment 1,430 plus escrow. Proposed wrap:…
Got two management proposals on a small portfolio and I can't make them line up. First one: 8 percent of collected rent, $0 setup, one full month for a new tenant placement, $200…
Working through a quarterly report on a bridge fund. The credit summary says zero loans 60 days delinquent and zero in foreclosure. Then the loan schedule shows 15 of 62 loans wit…
I called for a quote on a four-bedroom house I'm analyzing, told the agent I'd be renting the bedrooms individually, and the first thing she asked was how many unrelated adults wo…
Running numbers on single-note purchases in the $40k to $70k price range and the friction is worse than the models I've seen assume. Between the transfer fee to move a loan to my…
Just started looking at this stuff. Two things tripped me up in the same afternoon. First, I pulled up a REIT and its price-to-earnings number looked insane compared to normal sto…
Mid-process on a couple of things and realized I've never thought about this. I'm not buying, I'm putting properties under contract and assigning. Nobody has mentioned insurance t…