live deals, numbers on the table
Here is a document worth reading closely, with LP paperwork for a 400-space garage in a mid-size downtown at roughly $18M total capitalization as the example. Assume no prior park…
Take a 1974 ranch, 1,480 square feet, asking 389k, with a detached garage that was converted at some point into a studio with a kitchenette, a three-quarter bath, its own entrance…
Take a four unit, bought at 415k, with 90k put into it, all four units now leased at market. Two offers come in, both bank contingent, both wobbly on appraisal because there isn't…
Here is a scenario worth working through. Say an investor pays 40 dollars a month for a tool that emails new notice of default filings in four rural counties they know well. Last…
Two deals worth comparing at the same equity check size. Deal A: 176 units, 1985 vintage, garden style, inner-ring suburb of a midwest metro. $118k a door. Rents about $310 under…
Under contract on a 12 bedroom licensed boarding house in an older inner ring suburb. Purchase 690k, seller carry of 480k at 7.25% interest only for 4 years, balloon. I've got 210…
I've been circling one property for four months and I finally have it under contract, so now I get to find out what I actually don't know. 52,000 square foot suburban office, thre…
Consider a lender asked to fund a double closing for a few hours rather than a term loan. The structure: a wholesaler has a house under contract at $137,000 and a cash buyer at $1…
A one page bird dog agreement is often the first red flag by itself, and one clause structure comes up often enough to be worth walking through. Say the fee clause reads $1,000 pe…
Studying for the producer exam and closing protection letters keep coming up in a way I don't fully follow. I understand the owner's policy insures the buyer's title. I understand…
Here is a pricing problem worth thinking through out loud. A stager with five years of median-price work, $2,800 to $4,500 a job, 30 to 45 days, turn it fast and move on, gets ask…
An owner I've done work around asked if I want a small piece of a building instead of an invoice, and I don't know enough to say yes or no intelligently, so here are the numbers h…
Take a flip closing rehab in about ten days, a 1960s three bed ranch on a decent street, ARV underwritten at $340k. The agent's standard package includes basic photos in the commi…
Sitting on 78k in cash. About 55k of it is the down payment plus reserves for a small rental I expect to close on in roughly nine months, assuming the market I'm shopping cooperat…
Consider a 3/2 around 1,250 square feet in a decent working neighborhood, owned seven years, renting for $2,100, low maintenance. A tenant of three years who can't yet qualify for…
Consider a ground-up active adult deal, 190 units, total cost 62 million. The capital stack is a 35 million construction loan, 18 million common equity from the sponsor and its in…
A wholesaler proposing a standing JV to a contractor who has done a couple of walkthroughs for him, offering 25 percent of the fee in exchange for written rehab scopes, is a commo…
Bought a tired duplex two blocks off a strip with six bars and a music venue on it. The seller wanted out of everything at once so the package included the gravel lot next door, r…
Duplex rehab, my usual thing. 265k purchase, 85k of scope (roof, both kitchens, one full electrical rerun), ARV I'm underwriting at 430k and my agent thinks 440k on a good day. Si…
Running property management on a large new-build owned by a qualified opportunity fund over several years exposes a set of dynamics that offering documents rarely mention. From in…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
