someone asked, the room worked it out
When an owner group hands off a converted office building post-completion to a property manager, the construction-period documents usually raise questions the manager needs a fram…
Getting quotes on the paper stage for a detached unit behind a house I already own and the soft costs are stacking up faster than I expected. Feasibility and zoning review $2,500.…
The rental side is where my money sits, and I want a piece of the portfolio that doesn't care what house prices do. Certificates look like the closest thing to that. Here's the mo…
A broker sent me a 60-unit building he's calling independent living. The rent roll reads like apartments, $1,650 average, tenants sign a normal-looking lease, and there's a room w…
Take a debt fund marketing a 10 to 11 percent net target with a book of 61 loans, weighted average coupon 8.9 percent, weighted average LTV 64 percent, all described as first mort…
A common question worth working through honestly: does cosmetic flipping actually fit someone's temperament, or does the appeal come mostly from liking before and after photos. Th…
Two questions that come up often and rarely get a straight answer. First, does wholesaling luxury property require a real estate license. The general rule is that assigning a cont…
A useful case to work through: 32 licensed AL units, single story, 2004 build, asking $4.6M, so $144k a door. T-12 revenue $1.9M against T-12 expenses of $1.72M, trailing NOI abou…
Take a pad site, roughly 0.9 acres in front of a grocery anchor, asking $410k, zoned for retail, marketed as suitable for an owner-user or small developer. Most commercial develop…
An investor I know through my exam prep group asked me to bring my contacts to his deals. His offer is 30% of whatever assignment fee he collects, and he says I never touch the co…
A screener search for REIT returns both individual companies and funds that hold dozens of them, with no obvious signal about which is the right starting point. For a first purcha…
Say an offering has a $50k minimum, all cash equity, no debt. The sponsor buys 40 acres of raw ground and pursues entitlement for roughly 180 units, then sells the entitled parcel…
Working out what the first deal actually costs and this keeps coming up. The plan is I find the seller, sign the contract, and an experienced wholesaler with the buyers does dispo…
Consider a single-family house with a finished basement that has its own entrance, a kitchenette, and a full bath. A listing might call that an ADU, but a contractor could correct…
In smaller markets, with houses in the $70k to $110k range and sellers who inherited a property and don't want to invest in fixing it up for a sale, the initial reaction to a rent…
I've been looking at land and holding patterns mostly, and crowdfunding came up as a way to park capital while I wait. What I can't sort out is that some platforms take $10 or $50…
A cosmetic scope of paint, flooring, fixtures, and a light kitchen refresh on a mid seventies house can run into a hard decision the moment an electrician flags a panel brand that…
Ground-up apartment development is often labeled the most capital intensive of the 132 real estate strategies, and the reputation is largely earned. A construction lender commonly…
Consider a property manager overseeing units for a sponsor running multiple syndications, asked to take over quarterly investor updates and LP email responses for a flat monthly f…
A 60-space surface lot, mid-size downtown, one block from a hospital employee entrance, with trailing gross around $19,000 a month, or $228k a year, roughly 60/40 monthly contract…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
