every post in the forum, newest first
Closing on a fourplex in canton ohio next month, seller financing the buyer for 187k at 8% with a 5 year balloon. My attorney mentioned the mortgage gets recorded but I didn't thi…
First rental is coming and it looks like it's going to be a house with a detached cottage in the back rather than the duplex I originally wanted. Which means I have to decide whic…
Take a transitional ag parcel, 31 acres, at the edge of a growing suburb where the sewer line stops about 900 feet short of the north property boundary. Listed in spring, closed a…
Closed six weeks ago and I want to write down how it actually went while I still remember the annoying parts. The tract: 210 acres of loblolly pine, average age around 18, one blo…
The word luxury gets used constantly in flipping content without a definition behind it. Some sources put the line at anything over $1 million. Others define it as the top 10 perc…
Take an 11 room licensed rooming house in an older neighborhood near a hospital, purpose-built for this use in the 1940s and operated by the same family for nineteen years. Purcha…
A co-hosting agreement stating that the manager receives 15 percent of gross revenue sounds simple until the components of a booking are laid out. Take a listing with a $180 night…
Operators screening obsolete office and retail stock split into two camps on what the first feasibility deliverable should be, and each camp treats the other's first spend as wast…
I've been talking to two people on opposite ends of this and I can't tell which one is the harder road. One runs a shop that started with four doors from a friend's rental and gre…
Bird dogging gets recommended to beginners as the place to start because it needs no capital. That claim deserves testing before anyone spends a season on it. The case for it bein…
I was doing this to build the down payment for the first rental, and I wanted the practice of looking at houses without the risk of owning one. It didn't work, and the reason is s…
A broker sent me a 48-key select service property in a smaller city, and the expense list on the pro forma has a line for management fee at 3% of gross revenue. I read that as the…
A DST offering for a single asset, 96-key limited service hotel under an upper-midscale flag in a secondary sunbelt market, illustrates a mismatch worth watching for in any hotel…
Consider a self-directed IRA that owns a small rental. The tax bill arrives addressed to the custodian, gets forwarded to the account holder as custodians often do, and gets paid…
For an SDIRA holding a single rental, expect a few layered costs rather than one number. Most custodians charge a setup fee, an annual account fee, and then either a flat per-asse…
Take 40 acres of raw ag-adjacent land under contract at 88k, all cash inside a traditional self-directed IRA, in a rural market where low price point land like this trades often.…
We put $2.4m of pref into a 78-unit value-add through a small group, 11% total return, 4% current pay and the rest accruing, three year redemption. The docs looked fine to me at t…
A sponsor holding fully entitled land asked me to come in with $1.5m of preferred equity at 13 percent, all accruing, since the land produces nothing until it's sold or a construc…
Land is my usual thing and the appeal there is that nothing needs doing. Hotels seem like the opposite of that in every way, and yet this room is filed under passive hold, which c…
Notice came Friday. The sponsor on a 78-key leisure-destination hotel wants $1.1M of new money across the LP class, $780k of it for working capital through shoulder season and $32…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
