Hold a hotel through a soft cycle or sell into the first good year
I've got a piece of a hospitality deal, small, and the sponsor sent a mid-year letter that's forced a question I didn't expect to be arguing about. The asset is a 132 key select s…
All 132 real estate strategies.Every room answered.
Start with a RE category
Next, pick a strategy
Then pick the type of post
one click, then see the split
I've got a piece of a hospitality deal, small, and the sponsor sent a mid-year letter that's forced a question I didn't expect to be arguing about. The asset is a 132 key select s…
Two offering memos for roughly the same thing crossed my desk this month, a mid-sized industrial shell in a secondary market, and they put construction risk in completely differen…
I've got a coordinator taking my acquisitions at $395 and she's carrying somewhere around 38 open files across four clients. Two of mine went sideways last quarter in the same way…
I'm on my third value-add project and every developer I talk to came out of one of two places. Either they built things for a living and moved up into owning them, or they came fr…
I've read maybe a dozen threads here where someone sells a house, carries the financing, and then talks about the note like it's a thing sitting in a drawer with a price on it. I…
If you expect three or four purchases a year, the buyer-side fee stops being a one-time closing cost and starts looking like a recurring line item. At a 300k average price and 2.4…
Third split I've worked on and I still handle the sales the same way, which is to say I list them with a local agent and pay the commission out of each closing. On a nine lot proj…
I've got a list of maybe 30 sponsors in two markets and I'm trying to work out which half to actually call. First-time sponsors: they have nothing. No template, no portal, no sche…
Third call this month where the owner clearly did not know their servicer had a loss mitigation department. One of them had roughly 11k of arrears against something like 140k of e…
Ran the numbers on a house I'd actually buy and the result has been sitting on my desk for a week. Small three bedroom in an older part of town, $315k, 5% down, payment with taxes…
Reading a junior participation draft where the standstill runs 120 days from the senior's default notice. During that window I can't accelerate, can't start any enforcement, can't…
I've done a few deals with my own cash and I'm now looking at a 140k rollover, and the first decision isn't which deal. It's what fraction of that account has any business being i…
Bridge loan quote on a 22 unit, $3.1m loan against a $4.2m purchase. Lender's term sheet asks for a guarantor with net worth at or above the loan amount and liquidity at 5 percent…
Small center I own, 22,400 sf, six bays. The largest is 12,000 sf and the soft goods tenant in it goes month to month in March at $8.25 net. They've told me they're done. Inline s…
I've been handed the books on two small shops by a friend who's thinking about buying one, and the numbers argue with each other. Shop A: 22 agents, $310k of gross commission inco…
First rental is close and it might be a three room house rather than the duplex I started looking at, so I've been rewriting my screening criteria and the income rule breaks immed…
Nine files offered as a small tape, balances $48k to $130k, ask around 40 percent of balance in aggregate. Bid window is five business days. The seller sent collateral file scans…
Four homes in and I have hit the thing everyone warns about. My second house is my best performer and my third is dragging because the manager there is stretched. Adding a fifth 6…
Third Saturday out and my list is bloated. I photograph anything with peeling paint and a full mailbox, which means I came home with 41 addresses and maybe 9 of them are actually…
Two agents in the same market described the same rule to me in opposite terms this week. One called the written agreement before touring the best thing that happened to buyers, be…