one click, then see the split
Say you're getting a long held house ready to list and two staging proposals land on the table structured completely differently. First one: 1,100 design and install, 850 a month,…
Same sponsor, two offers, and I have to choose one. Single asset: 148 units, 1980s vintage, suburban, under contract, five year agency loan, I get the rent roll, the T12, the insp…
I'm four deals into small commercial and looking at parking for the first time, and the thing I can't settle is what kind of demand I actually want underneath a lot. Every listing…
Take a 48 acre parcel where the ordinance supports 9 lots without a public road using existing frontage and one easement, with frontage as the constraint on pace. If comparable lo…
This question comes up constantly between accountants and contractors, and the two sides rarely agree. The purist position is that a project should be underwritten as if the incen…
Take a plain four bedroom house eight blocks off a mid-size state school where two comps on the same street do opposite things. One is furnished, beds and desks in every room, and…
Here is a structuring question that comes up on nearly every seller carry, laid out with numbers so the tradeoff is visible. Take a 1970s three bedroom in a decent second-ring sub…
First deal with a TC involved and I got confused at the closing statement stage. My agent's coordinator charges $425. On the estimate it showed up as a line item against me as the…
I've been reading the supply side for a while, mostly because I wanted to know when land in these submarkets stops competing with new apartment deliveries. The read most people se…
I sat through a live deed auction as a spectator and counted maybe fourteen bidders who clearly knew what they were doing and thirty-something who did not. The ones who did not we…
A common early-stage question: someone has a lender contact, a few broker relationships, and a running list of properties reviewed and passed on, all scattered across notes and a…
Take a sponsor raising a value-add multifamily deal with a realized record of six exits between 2016 and 2021, averaging low 20s IRR, clean and verifiable, LP references confirmin…
What draws people toward industrial in the first place is the promise that leases run long and net, meaning the tenant carries taxes, insurance, and maintenance while the owner co…
Been chewing on this since a broker sent me two things in the same week and they're basically opposite bets. One is a fractional interest in an operating facility in an establishe…
Gap funding protection gets described two different ways, and the two versions do not fully agree. One version treats the recorded second lien as the real protection. Being behind…
I'm sizing a first real allocation and the bidding rule is the thing I can't settle. Two coherent ways to run it and they produce different bids on the same certificate. One: pric…
I'm mostly looking at land and holding patterns, but a listing in a small town described itself as a rooming house with 9 sleeping rooms and 21 residents on the license. That conf…
Working out what a first parking deal actually costs to run and the payment system is the line I can't pin down. Small lot, 40 spaces, mix of hourly daytime and a handful of month…
Take a 46 lot subdivision with a single entrance, where an engineer can plat it as one phase or split it into two phases of 23. Two phase typically costs more in total, often in t…
Cosmetic gut on a 1,450 square foot ranch wrapped last week, photos are shot Friday. My agent wants to post it as coming soon for six days before showings start so the first weeke…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
