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…
Two claims about self storage get made constantly and seem to contradict each other. The first is that storage is defensive, because demand comes from life events, death, divorce,…
I scope renovations for a living, which means I can look at a bid and tell you which line is padded. Inside an IRA I can't touch the property, can't swing a hammer on it, can't sp…
Two deals in progress, both roughly 1,300 square foot three-beds in the same submarket, and I've deliberately run them differently to see what the appraiser does with it. House A…
Two offerings on my desk this week, same national dollar-store tenant archetype, same small midwest trade area, roughly the same check. One is fee simple, 9,200 square foot box, 1…
I've been sitting on two tabs for about a month. Program A is run by a guy who is clearly still buying. He posts closing statements, he'll talk about a deal that fell apart last T…
First appraisal I've ever watched happen start to finish. Small three bedroom, nothing unusual about it, lender ordered it for a purchase. The appraiser arrived, walked every room…
I've owned land long enough that the holding cost is a tax bill and a mower, so budgeting for a building with roofs and boilers in it is new territory for me. I'm looking at a 12-…
Take an agency running seven seats across four clients, all billed hourly at $14 to $19, with gross margin sitting around 41 percent. It's a common moment when a couple of clients…
The 2025 law added enhanced incentives for investment in rural opportunity zones and tightened which census tracts qualify at all, and the fund decks on both sides of that line re…
I've spent the last year pricing new construction on land I control and nothing pencils. Hard costs on a garden-style shape came back roughly 39 percent above where I'd have model…
Take a service business built around seller leads that is choosing between two agency structures. One agency wants to run everything inside its own stack, landing pages, call trac…
I have spent six months reading without closing a deal, and the gain I have is from selling a stake in something unrelated to real estate. Roughly $70,000. I started looking at qu…
Reviewing a brokerage's placement data over several quarters is a useful exercise when private lenders start dangling tier pricing, since it clarifies what a narrower list would a…
Two hospitality fund decks argued from opposite premises make a useful way to frame this question. One argues segment and market first. Extended stay in secondary markets with nam…
When a framing crew turns down two separate requests to work on one-off spec houses because the crew is already booked, and the builder waits five or six weeks for someone else bo…
A common ADU decision point: a lot allows a detached unit up to 1,150 square feet, and two bids from the same builder, same site work, same trades, frame the tradeoff clearly. Big…
Renovation is my normal lane, so when the turn came between a 60 day tenant leaving and the next one arriving, I wanted to just do it myself. Four hours, strip beds, deep clean, c…
Two listings I've been circling for a couple months in the same county, both about 30 acres, both with county road frontage. The first one is zoned in a way that allows the lot si…
A common dilemma when considering a raw land purchase, say a 9 acre parcel an hour outside a metro, funded from proceeds of an operating business. Two reasonable positions come up…