live deals, numbers on the table
I've been quoted anywhere from $85 to $340 per lead by three different agencies in the last six weeks, all claiming their number is competitive for the Southern California market.…
Nine months in, the draw schedule is running about three weeks behind the actual work, and the lender's inspector only releases on what's fully complete, not what's substantially…
I do turnover work for a management company that handles a handful of small multis in that area so I know the buildings and I know the rents are real. The issue is I can't find a…
On a textbook BRRRR the hard money clock starts ticking at acquisition, and most people treat the rehab budget as the number that matters. It is not. If the budget runs 8k over, t…
A wholesaler had a property under contract at 187k, assignment fee of 14k, end buyer lined up at 201k. Three days before closing, title flagged a lien the seller had not disclosed…
The framing I see most often treats STR supply as the ceiling on a hotel's ADR, as though the Airbnb listing two blocks over sets the rate floor and the hotel has to go lower to f…
My mother passed in March and left me a small rental in Clarksville, Tennessee that she was carrying paper on. Buyer has been paying since 2019, solid record, 14 payments left on…
Say a buyer takes a wrap at 7 percent over an underlying at 3.5 percent on a 280,000 wrap note. The spread looks clean until year four, when the buyer refinances out, the underlyi…
A case worth sitting with: a 34,000 square foot center, purchase price 4.1 million, anchor at 8,200 square feet paying $11.40 per foot. The lease has a five-year renewal option at…
I'm trying to put a number on this because I'm about four months into an agency seat arrangement, paying $1,850 a month for what amounts to lead follow-up and some transaction adm…
Take a house bought at 280k with a 240k mortgage at 7 percent. That is 1,400 dollars a month in interest alone, and over a 24-month hold that number reaches 33,600 before a single…
The Phoenix deal is a 2021 vintage refi play, 7% pref, 70/30 split, projected 5-year hold with a 1.7x EM on the deck. My slot would be $50k and I go completely hands off. The Albu…
The scenario worth thinking through: a franchisee signs a fifteen-year NNN, base rent at $120k annually, but the landlord funded $200k in TI at lease commencement and structured t…
Four months in and I still do not fully know if he is wrong. I am sitting on a hard money commitment out of Tempe, a GC who picks up on the second ring, and roughly $60k in home e…
A case worth studying: an owner holds 24 units across three small buildings, self-manages, and is spending roughly 18 hours a week on leasing calls, maintenance coordination, and…
The Phoenix condo is the only short-term I run, and I started using PriceLabs about four months ago because I was leaving money on the table around the Waste Management Phoenix Op…
That stuck with me because it is partly true and that is exactly what makes it dangerous. A 40-space surface lot with 30 monthly contracts looks like stable income until you reali…
I have a $140k short-term gain sitting from a note sale I closed in March, 180-day clock started ticking around then, and I keep running into this question. The 5-year step-up to…
This was Durham, March of last year. Single family I had moved out of 18 months prior, converted clean, tenant had been there eight months without a hiccup. She lost a week of hou…
Sitting with a 9-unit in Elk Grove right now, asking $1.1M, in-place rents at $9,400 a month. Seller's pro forma gets to a 6.8 cap by taking expenses down to 34 percent of gross,…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
