live deals, numbers on the table
Sponsor runs one closed fund at about $14M of committed equity, 96 LPs, and is drafting a second. He wants to hand off all the investor-facing work: quarterly reports, portal upke…
I've done nine passive LP checks over six years and never once negotiated a term. This one is different because the operator came to me directly and there's no PPM, just a draft o…
I've got about $40k that's been sitting since I sold a small parcel last spring. A hotel fund came across my desk through someone I trust, value-add, buying select service propert…
Family entity ended up holding a 72-unit garden property attached to a parcel we've been sitting on for years. I know land. I do not know this, and I'm the one reading the agreeme…
Six weeks into taking paid work. Gear is bought and paid for, about $4,300 all in for a body, two lenses, a flash setup, and a tripod, plus $99 a month for editing software and cl…
I've been putting money into other people's deals for three years and I'm looking at buying something myself for the first time, mostly because I want the residential financing th…
Say a single note is carved out of a larger tape. UPB $92,400, last payment October 2022, arrears with fees around $26,000 on top, ask $38,000. A broker BPO shows $141,000 as is a…
312 units, 2016 vintage garden, bought late 2021 at $228k a door. Floating rate bridge, cap bought at the time, cap expires in five months. My LP position is small, call it 4 perc…
A useful case for thinking through auction bidding discipline: a county trustee sale on a single family home, 1,450 square feet, built 1978, in a working suburb where the last fou…
Consider a market where the only houses priced low enough to make sense have been sitting empty for years and need everything, priced around 70 to 110 as shells and 230 to 280 ren…
Scenario for the room. Off market three bed, 1,900 square feet plus a detached garage, the owner passed and the family walked away from the contents. Assignment price $146k, after…
I'm under contract on a bank-owned 3/2 at 179k, listed by a brokerage handling it for the servicer. Reading the preliminary title report twice, which is my habit, and I have two t…
I've read this commitment letter four times. The broker told me on the phone that I could refinance as soon as the property was leased and the work was signed off. The document sa…
I've been sitting in on inspections when friends buy houses because I find them interesting, and one of the inspectors let me buy him lunch and ask questions. I'm writing down wha…
I've been reading vendor proposals for six weeks and I want someone to poke at the arithmetic before I sign anything. Vendor A prices per delivered lead. $75 for what they call a…
Consider a mezz note participation on a 24 MW powered shell under construction in a Sun Belt secondary market with cheap industrial power. Senior construction debt of 46 million s…
Take a 12-unit, 1978 brick, two-story walkup in a stable working class submarket, rents averaging 1,050 dollars, gross potential 151k, in-place collections about 141k, previously…
I'm getting licensed and doing a lot of reading on the side, and hotels are the one property type where I can't follow the ownership picture. With an apartment building I understa…
I do HVAC and light electrical work, mostly for a handful of small landlords. One of them sold a house on owner financing three years ago and the buyer stopped paying nine months…
Trying to price out a start and the dispo model keeps coming up as the cheap entry because you're not buying anything and not paying for marketing to find sellers. My count so far…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
