A pitch deck describing this as asset light, start for under $1,000, is worth treating skeptically. The place to look first is where the cash gap sits, and a business that pays wo…
Here is the bottleneck for anyone running renovation work while investing on the side. Six trades, none of them answering the phone at the same time, and evenings spent texting pe…
I've got money set aside and no deals, and I'm reading the luxury assignment numbers with real suspicion. The pitch is that the spread scales with the price, so a single distresse…
For a passive investor evaluating office deals, one simple exercise does most of the diligence work. Take a sheet. Left column, every lease in the building with the square footage…
Consider a $75,000 LP investment into a three-property self-storage portfolio in a secondary southeast market. The plan: buy older facilities running at low occupancy, add climate…
First rental, 1970s three bed on a slab. I paid $525 for the general inspection and another $175 for the sewer scope, and I asked the inspector if I could follow him for the three…
Take a rural medical office building priced at a 9.1 cap on in-place income, which for that kind of market is not unusual on its own. The part that deserves the most attention is…
Take a case worth studying: an investor puts $50k into an LP interest in a 312 unit value-add deal in a Sun Belt metro, sponsor's fifth deal, good track record on the earlier ones…
Take an owner with 11 single family houses, all on rent-to-own with tenant-buyers on terms between 18 and 36 months, credits tracked in a spiral notebook and a spreadsheet that di…
Two ways to control an obsolete building while you find out whether it converts, and I've priced both this year on similar boxes. One: buy it. You get a price that reflects the fa…
This landed on me through an estate and I've read the documents twice, so numbers first. 320 acres, roughly 280 tillable, in a county where the extension survey put average cash r…
I've been pricing this out badly. Someone told me you can't get a mortgage on bare farmland the way you can on a rental, and that lenders want 40 or 50 percent down. Then I found…
Take a bird dog pulling roughly 30 addresses a month off probate filings and code violation notices, driving them, photographing them, noting occupancy, and finding a phone number…
Take a lead finder who works a residential trade and is on those streets five days a week, seeing vacant houses before the mail carrier does. Say he's been passing addresses to th…
Under LOI review on a two tenant clinic building, about 12,000 sf, asking $3.6m. My lender contact listed reports she'd need and I only recognized half of them. Phase I, PCA, ALTA…
Take a small two-story building in a suburban node with a 2,100 square foot pediatric practice on one floor at $34 a square foot and a 2,000 square foot insurance agency on anothe…
I built my own dispatch and follow-up flow over about two years because I was losing quotes I never followed up on. Nothing fancy. Every quote over $2,000 gets a text at day 2, da…
A common source of confusion in small portfolio operations is an owner asking for a CRM to be set up when what already exists is a phone dialer with a contact list and a separate…
I've been calling industrial brokers to understand the service side of this sector and I keep ending up in the same argument, so I want to put it to the room. The pitch for qualit…
Run the same 20 acre parcel two ways and the two columns come out close enough that reasonable people land in different places, so here are the numbers. Cost in is $8,400. Ask $22…