Bought this building six years ago as plain garden-style multifamily in a mid-size sunbelt market. It drifted old on its own. Last count, 27 of 41 households have someone over 60…
Running the two versions of this against each other and they don't converge, so I'll put it to the room. Version A is the standard picture. You buy the ugly house, move in, and do…
I own 18 units across three small buildings and I've started pulling owner records on the older stock nearby, mostly 4 to 12 unit places with long-tenured owners. I have about 4,0…
I'm planning my first purchase and the shape I keep coming back to is small, four apartments over one or two commercial bays in a walkable older neighborhood. Two brokers and one…
Toured a building going up in a mid-size market, 28 apartments over 6,000 square feet of raw ground floor shell. The developer is selling it before stabilization and he's open abo…
Been comparing two emerging manager structures side by side and they solve the same problem in opposite directions. Structure one is a real blind pool. Investors sign an LPA, comm…
A developer sent me an option agreement on the west 60 of my 160. Twenty five year term with two five year extensions, escalator on the rent, option period of three years while th…
Second season on a 46 site park, mid tier destination market, real summer and a decent fall through the third week of October. Question on the table for next week is whether we sh…
Reading a management agreement for a small portfolio and there's a clause tucked under reporting that says the monthly owner statement the manager issues shall constitute the owne…
Low price point markets are what I know, and the thing I can't settle is whether ground-up multifamily makes any sense out here or whether the fixed costs just eat you. The case a…
I have been analyzing instead of buying for long enough that people have stopped asking me how it is going, so here is the specific thing keeping me in the spreadsheet. A 12 year…
I own six units across two small buildings and I've never hired anything bigger than a $9k bathroom. Now I have a two bed that needs about $24k of work and every crew I call tells…
Nine deals in, mostly light rehab resale in a mid-size market. Last four listings I wrote the copy, built the renovation one-pager, and shot the before-and-afters myself, and my a…
I've been reading through the 2025 state changes and the pattern that jumps out is that most of them attach to marketing and to the fact that the wholesaler doesn't own the proper…
I set up the scheduling and invoicing side of a small shop a few years back, so I know what it feels like to configure a system for people who don't want to configure it. Now I'm…
I'm pricing a service for rural land flippers and the fee structure is the entire question, so I want to hear how operators would rather be billed. The work is the unglamorous mid…
A buyer handed me a written box in March: 3/2 minimum, 1,100 square feet and up, ARV band of 220 to 340, offers at 70 percent of ARV minus repairs, nothing with slab movement, not…
Pre-listing a luxury flip before completion keeps coming up and the room seems genuinely split. The argument for going live at drywall is that you start the days-on-market clock w…
I manage a handful of houses leased to care operators and the maintenance split is where every one of these relationships goes sour eventually. Option one, operator carries it. Le…
I'm setting up sourcing around a job and I keep going back and forth on where the ten hours go. The narrow argument: you can only have so many real conversations a week, so the co…