someone asked, the room worked it out
A sponsor deck on a 96-key exterior corridor hotel shows total revenue of 3.4m and gross operating profit of 2.11m, a 62% GOP margin. A well-run limited-service property typically…
Take a book of 14 equity deals across three crowdfunding platforms, with target IRRs ranging 11 to 16 percent, where the realized and marked blend comes in around 8. Nothing has g…
Two things I've read don't fit together. One says you can buy a tax lien for as little as $200, which makes it sound like the most accessible thing in real estate. The other descr…
Custodians commonly quote two paths for a self-directed IRA. A basic account runs a modest annual fee plus per-asset and wire fees, with the custodian signing every document. A ch…
The common claim is that bird dogging needs no license because the bird dog never owns the property or negotiates the deal. The counterpoint is that a finder's fee tied to a real…
I've been underwriting a 7-unit retail strip, about 11,000 sf, seller wants $2.1M. His marketing sheet shows an 8.2 cap but that's proforma with the two vacant bays filled at aski…
Talking to a manager about a value-add fund and the paperwork keeps saying commitment rather than investment. The minimum commitment is $250,000. My understanding is I sign the su…
Take a pre-foreclosure purchase agreement where the buyer selects the title company, the buyer pays all closing costs, and the seller agrees not to accept other offers for 45 days…
Listing is $1.6M. Six apartments at $1,400, plus two ground-floor suites, one at $2,200 a month and one at $1,900, both described as triple net. Seller's sheet adds all of it, sub…
Take a surface lot near a hospital, 50 striped spaces. The broker's one-pager might headline "85% occupancy," while the seller's income summary further down lists only 22 monthly…
Say three offerings are open at once, two multifamily deals at a $25,000 minimum and one at $100,000. One $25k sponsor asks for a letter from the investor's CPA confirming accredi…
A note seller sent me a tape with columns marked NPL and RPL and one row labeled "sub-performing." I thought non-performing just meant the borrower stopped paying. But two loans o…
Underwriting is where I spend my time and I'm looking at this from the outside, so push back. The pitch on reverse wholesaling is that you sign up the cash buyer first, get their…
Asking is $310,000 on 38 acres, so $8,158 an acre. The parcel is outside the utility service boundary, paved county road on the south line, gently rolling, maybe 6 acres of it in…
Trying to work out what the overhead looks like before I go anywhere near this as a business. Right now I'd be one van, myself, and two guys, doing interior rehab work for investo…
A seller on a 12 acre land listing sharing his annual carrying costs is a useful window into what holding raw land really involves. A typical list includes property taxes, a vacan…
Before paying anyone per lead, it's worth knowing what the inputs cost, mostly to judge whether a $28 per lead quote has real margin in it or whether the shop pricing it is losing…
Someone in a webinar said developers routinely spend six figures studying an office building before they've bought anything, and that most of those studies end with a no. I don't…
A listing presentation package typically runs a few hundred dollars a month through a marketing person and covers two related things: the materials an agent brings to a seller app…
Thin margins are my whole life and I don't want to spend 800 on an entity for something that might pay me 500 once. Somebody told me you can't accept a fee as an individual, you n…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
