The rate difference is the visible part. A private loan priced at 11 to 13 percent against a 7 percent conventional feels like a penalty, but the comparison only holds when both o…
A deal worth pulling apart: nine lots platted, one sold at closing to generate capital for the carry, but the surveyor filed the access easement with a bearing error that placed i…
A 20 percent down payment reads as a reasonable equity cushion when you close. A note buyer models it differently. They are pricing what happens if the borrower stops paying 18 mo…
The discount on a troubled apartment building almost always comes with a reason, and that reason costs money. The question worth sitting with before any LOI is whether the distres…
A case worth studying: a roofing contractor in a hail-heavy market started routing homeowner calls from storm claims to a real estate agent, splitting a flat fee per closed referr…
A case worth studying: a unit rented at a 40 percent premium over long-term market, client verbally committed to eight months, lease written with a 30-day termination clause "just…
So the tenants paid on time again this month and I sat there thinking about what I actually own, which is a building on a lot in a city I do not live in, and I realized I have no…
I have been turning this over all week because I have never owned industrial, and I did not know this was a hard line for some tenants until someone said it to my face. I bought i…
The deal was straightforward on paper: 8% preferred return, 70/30 split above it, 24-month projected hold on a small multifamily acquisition. Capital in, pref accruing, exit at mo…
A natural breakpoint sets the sales volume at which percentage rent starts: divide the base rent by the percentage rate, and the tenant pays nothing extra until sales cross that n…
Sitting with a probate deal in Cuyahoga County where the PR signed the purchase agreement last week, accepted my $5,000 deposit, and I just found out the sale still needs court co…
That number stopped me cold when he mentioned it casually on a call last week, because the guy who sourced those two deals walked away with more than I made on a flip I spent four…
This comes up constantly in smaller lodging assets where a full remodel effectively resets the operating clock, and the frustrating part is that the 18 months on the table can be…
That number stops me every time I look at it. Forty-one thousand dollars came in and I still owed money at the end. My bookkeeper at the time was logging gross revenue and flaggin…
A deal worth studying: a single-family bought at a county auction, 187k all in, ARV around 240k. The title search cleared. The buyer got the deed, started demo prep, and six days…
Closing was scheduled on a two-unit I'm buying into an LLC, cash deal, and my lender on a separate property apparently has a cross-default provision that touches any entity I'm in…
Had a conversation with a seller last week, nothing near luxury scale, 3-bed in the South Valley, but she googled assignment of contract mid-negotiation and called me back furious…
Carried a note on a fourplex in Stockton, sold it in early 2022. Buyer brought 15 percent down, I carried the rest at zero interest, fully amortizing over fifteen years. I did thi…
I'm looking at a 12-bed setup about six blocks from a mid-size Ohio university that's been down roughly 8 percent headcount since 2020. Seller is pricing it like enrollment stabil…
A sponsor I was reviewing materials for this week quoted a new 5,000 sf lease at $32 per sf full service, which looked fine against the submarket comp sheet. What the deck did not…