every post in the forum, newest first
A question for LPs in long hold QOF positions. Take a position held well past the ten year mark, call it 180 months, in a fund holding a Phoenix industrial parcel. The original ga…
Sitting on capital so I watch a lot of these deals come through rather than originate them, and I keep trying to figure out what the marketplace layer is actually buying for a who…
Take a small shop as an acquisition target, around eight agents, single office in Tucson, with the seller describing the license as part of what is being bought. That language is…
I've been trying to work out if that number is the whole story or if it's cherry-picked from the softest auctions they entered. New Jersey statutory rate is 18%, so the spread bet…
Found out on a Tuesday, 4,200 enriched records sitting in Postgres, no way to refresh any of them. I had been running the enrichment as the core of the platform, billing two clien…
The fee ought to track how much work the dispo side is actually doing, and in practice it often does not. A wholesaler who brings a contract with three warm buyers who have alread…
Everyone says house hacking is about eliminating your housing cost and that framing is what kept me from buying longer than it should have. I was looking for zero, for the moment…
Here is a case worth studying. An A-B leg funds at 9:04, the B-C closes at 9:47, and the funder's wire is confirmed out by 11:23. Total exposure is under three hours on a $214,000…
Take a small position, about 22k in a non-hybrid agency name, entered around Q1 2020. The first cut comes in April 2020, the second that October. The holder neither adds nor sells…
Conventional thinking has been that passive exposure here means steady distributions, maybe 6 to 7% cash on cash, and a sponsor team that keeps you informed. Consider a case. An L…
Take a 64 bed purpose-built property near a mid-size state school in Ohio, listed at $890 per bed per month. That includes a rooftop deck, a coworking lounge, package lockers and…
That's dead money, and it happened on the last three maturities too. I'm running about 90 days a year where my crowdfunding capital is just sitting in a queue. Does anyone actuall…
Happened twice now in the same zip code, 76011, both times the client changed the max ARV he'd accept after I had the seller locked at a number that only worked inside his origina…
A scenario that is showing up more often. Say a private lender puts $210,000 at 7.2% on a 3/2 in Huntsville, Alabama, two years ago, and the note carries a call provision. The cal…
I was collecting $2,940 a month from three tenants, paying $2,400 to the seller, and holding a $540 spread. Option fee was $6,000 out of pocket. The seller had a balloon I didn't…
Consider this one. An investor pays a consultant $3,200 and brings him a specific property. Six weeks later the answer amounts to go buy VNQ. That is something anyone could read o…
Guy I know who buys multifamily in Tulsa told me this week that he paid $420 for a Matterport scan of a 12-unit before flying out, and it caught a layout problem that would have c…
This is a case worth studying, because it is the failure mode mid-term underwriting tends to hide. Phoenix, Q1, a two-bed furnished near the medical district getting $2,850 on 30…
Took 14 months from closing to ribbon cut, which ran about six weeks past the franchise-mandated deadline. Paid a $38,000 penalty fee for that overage, which I had not modeled. Th…
This is a pattern worth naming. A wholesaler working double closes in Columbus finds the same title company asking who the end buyer is before it will open the file, a third time…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
