someone asked, the room worked it out
Structure I'm running on a two-bedroom: guest pays a $135 cleaning fee, my cleaner invoices me $95, I keep the $40 as coordination on top of 18% of accommodation revenue. All of t…
Say a listing shows a two story office building in a mid-size downtown, 8.2 percent cap on the flyer, about 19,000 square feet with four tenants. Ask the broker who pays for what…
I've been reading hotel listings because a broker sent me a 42-room limited service property near a highway interchange. The flyer leads with "RevPAR $58" and then in smaller prin…
Here is a dashboard worth reading together, because the confusion behind it is common. Say a cabin shows an average daily rate of $210, occupancy 43%, and RevPAR $89. The owner wa…
Viewed from the capital side, a voucher is an income stream rather than something to manage, and the rent split is the part that tends to trip people up. The usual description: th…
Here is a deck worth walking through as a room, because it lands in front of first time readers all the time and the language in it is doing a lot of work. Say a regional apartmen…
Here are numbers on a build worth picking apart, because the break even math people quote for these does not seem to work. Say the lot is already owned as a primary residence, so…
Take a land holder who picked up a couple of parcels years ago because the zoning looked like it would move eventually, and it did. One parcel now sits in a district that allows a…
House is under contract at $332,000, buyer's lender ordered the appraisal, it came back $314,000. Two of the three comps the appraiser used are older houses with original kitchens…
Take a rehab request that lands on a lender's desk looking like this. Purchase 240k, rehab budget 85k, all-in cost 325k. The borrower's ARV is 430k off three comps, two of which s…
Take an offering for a mature almond block, roughly 320 planted acres, trees around year 11 of a stated 22 to 25 year productive life. The seller pro forma runs on full surface al…
Take a service business whose technicians are in neighborhoods all day for calls. It looks obviously wasteful that they drive past twenty rough looking houses a day and nobody wri…
A gap worth closing, because the origination side of this loan is well understood and the aftermath is where the confusion lives. Say someone buys with 5 percent down as an owner…
I've been buying and holding raw land on my own and a couple of people I know keep asking me to look at parcels for them. Rather than doing it for free I'm thinking about getting…
Run a house as an exercise. ARV that can be defended at 325,000. Cosmetic scope, paint, floors, fixtures, kitchen refresh, call it 35,000 with a little padding. The 70 percent rul…
Take a buyer slowly building a number for a duplex around $300k whose whole worksheet is down payment plus a few thousand for closing. A lender mentions reserves, the buyer nods a…
Sitting on an engagement where I built the operating model for a 180-unit value-add, and the sponsor now wants my firm's name on the model tab and a one-page memo that goes into t…
A list building question that keeps getting dodged. Say a county produces 340 new probate cases in a full month. Matching names and addresses against the assessor turns up about 6…
My first rental is coming and I'm reading everything, and I keep circling back to reverse wholesaling because it looks like the version with no down payment. Which makes me suspic…
Put an opportunity zone sponsor's deck side by side with a plain non OZ syndication and the comparison is instructive. Say an eight year hold going on ten, $250k in, a pro forma t…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
