every post in the forum, newest first
I'm working out what my first deal really costs and pref equity keeps coming up as the thing that fills the gap between what a bank will lend and what a sponsor has. Every explana…
A small but deliberate step worth highlighting for anyone comparing storage funds. Take two funds, each with a $50k minimum. Fund A is still raising its first close. Fund B closed…
I've got capital I'd rather put into something I can grow than into another rental, and lead generation keeps coming up because every investor I talk to complains about it. What I…
I've now read three JV operating agreements side by side and the only section that meaningfully differs is the major decisions list, the things the operator can't do without my wr…
I have a defined amount to place into tax certificates over the next two auction seasons and I keep going back and forth on the shape of it rather than the size. Case for concentr…
My first long-term rental closes in six weeks and I've been reading about screening nonstop, but a family friend asked whether I'd run her two-bedroom short-term unit for a cut on…
No deals yet after six months of looking, and I managed to lose money anyway, so I'll write it down. I was under contract on a 2 bed townhouse near a business park, $189,000, plan…
Ground floor of a mixed-use building I'm underwriting. The suite is 1,800 sf, dark for fourteen months per the seller's leasing reports. Asking rent is $14/sf NNN. A prospect in t…
My first rental closes in six weeks so I'm not buying this, but my agent sent me a listing to look at as a comparison and I can't make sense of it. Small two story, a hair salon o…
Selling a tenant-occupied single family rental worth around $310k comes down to two common quotes on the listing side. Full service agent: 2.5% commission, so $7,750, typically pa…
I've got a raw acreage purchase under contract, cash, no lender, 90 day due diligence with a survey and a well test in it. My agent offered to put her coordinator on it at $350 an…
Take a fixed-to-floating preferred from a mortgage REIT, bought at $26.30 against a $25 par. Fixed coupon 7.75 percent on par, so $1.9375 a year, $0.4844 a quarter. The reasoning…
I have 22k that came out of a car I didn't end up replacing. I want it in real estate exposure without becoming a landlord this year, so public REITs are where I landed. What I ha…
The financial side of house hacking gets discussed constantly. What gets almost no attention is that the owner is the landlord and the neighbor at the same time, and that changes…
This is the argument I keep having with two people I trust and they've never once agreed. Setup. Duplex, $460k, payment $3,300 all in. The other side rents for $1,700. I live in t…
Say a QSR outparcel is priced at 1,725,000 at a 6.9 percent cap on a freshly signed 15-year lease, with a brand everyone would recognize. Then the guaranty page shows an LLC that…
Two infill land parcels I'd been sitting on for six years finally sold this spring, and the proceeds went into a single tenant drive-thru restaurant pad. Closed about six weeks ag…
Sitting on a decision and I want the room to argue about it because I keep flipping. A buy and hold outfit that picks up maybe four a month in my area told me they will take every…
I have my license coming and no book of business at all, so I've been pricing out two ways to spend the first 18 months, and they behave very differently. Seller side plan: pick a…
Take an investor who put 85k into a broad equity REIT index fund inside a taxable account in 2022, planning to hold ten years. Say they sold in the middle of last year at a loss o…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
