it finished, here is how it went
Consider a small turnover and light rehab shop that built real business over a couple of years by posting before and after content, then brought on part time help to keep the post…
A useful case study on moving a first wholesale contract, and what made the difference. An operator spends two months building a buyer list with no deals to offer, just asking wha…
Take a project that starts with someone manually reading recorder indexes by hand across four counties, an hour every morning, because there was no other way to see filings before…
Take a 188 unit deal, 2006 vintage, secondary Sun Belt market anchored by a hospital and a university. Basis around $24.6M, $131k a unit against a replacement cost near $203k, fix…
I took a management and leasing assignment on a 23,800 sf unanchored strip in a second-ring suburb. Nine tenants, no anchor, built in two phases. Fee was 4% of collected rent, aro…
A short term lender against renovation projects relying on two brokers for deal flow faces a familiar tradeoff: brokers cost a point on origination and, more importantly, control…
I've been trying to figure out where I fit on the service side, and what I've landed on for now is document coordination for small operators. This is the first engagement where I…
Take a small multifamily operator running the BRRRR method for a fourth time. The first two deals, done in a low rate era, returned essentially all the cash invested. A third retu…
Everyone talks about the fee. Nobody publishes the spend on the ones that die, so here's mine. Spend: 2,300 on marketing, which was 900 skip traced records plus a dialer month and…
Say an investor commits $50k to a hospitality fund with a three-year investment period, and the fee is 2% annually on committed capital during that period, stepping down to invest…
This is a loss with no closing statement, which is exactly the kind that rarely gets written up. Consider a small ground-up under contract, 9 units, 3 stories, wood frame, in an i…
Finished this one 11 days ago and I want to write down what actually happened while I still remember the order of it. House: 1,320 square foot three bed on a slab, 1991, inner rin…
A small two unit REO purchase makes a useful case study on the cost of skipping one specific check. Bought at $148,000 in a market where comparable duplexes traded around $205,000…
A month-end close finishing on the fourth business day is a reasonable benchmark, and getting there from a slower baseline usually comes down to the chart of accounts, not the boo…
Take a mezzanine participation in a refinance of four flex industrial buildings in a secondary market, senior loan sized well below appraised value, with the mezz tranche taking a…
Take an 18-unit brick walk-up in a first ring suburb, listed around 1.42M, with 21 striped spaces in the rear lot and a lender who wants at least one space per unit for the loan t…
Working out what the first deal costs, and I decided bird dogging was the free way in. It wasn't free and the reason it wasn't is my own doing, so here's the accounting. Over seve…
The listing was a 9,200 sf single story office on 1.4 acres in an inner suburb, built 1978, three tenants, asking $760k. I looked at it because of the land, not the leases. The pa…
I split 61 acres into five lots after plat approval, put in a gravel access drive and one culvert, and sold three of them on my own paper over about fourteen months. 78k, 84k and…
Take a first manufactured housing park purchase as a case study, since the appeal of the asset class is straightforward: the owner holds the dirt, the roads, and the water lines,…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
