live deals, numbers on the table
Take a 14 unit portfolio, mostly two bedroom units in a working class suburb. In a baseline year, turnovers run on the owner's own phone photos and a description copied forward fr…
Take a purchase at 142k, a 38k rehab budget, and 9k of closing and holding costs, landing all-in around 189k. Comps support an after-repair value near 235k. At a 75 percent refina…
A 120-key full-service hotel bought out of a lender-driven sale at roughly $74k a key, well under replacement cost, with trailing twelve RevPAR around $61 on ADR near $99 and occu…
I ended up with a 3 bedroom cabin about ten minutes from a small lake town, inherited last fall, no mortgage on it. My plan was always to sit on land and hold things, so short-ter…
Under contract on 64 units, 1983 vintage, two-story garden walkups in a secondary southeast submarket. Where the numbers sit today: Purchase 6.4M (100k a door) Reno 1.12M (40 clas…
I left a warehouse job in March and I have 34k saved. Nothing near me trades under 400k, so every house I can actually buy is in two midwest metros I've never been to, where 3/2 h…
A scenario worth working through with the room. A manager runs 410 units across three properties for two owners, fee at 3.5% of collected revenue plus a turn coordination fee. The…
Take a bookkeeper building an offer around a monthly package at $350 for up to 15 units and one entity, including bank and credit card reconciliation, categorization, a class leve…
A scenario worth working through, because it is the position a lot of list builders end up in. Say someone has been building a texting and skip trace list for about seven months,…
An operator with a 22 room house reached out about contracting out what he calls resident services. Right now that means daily common area cleaning, weekly room linen, a hot break…
A useful stress test for an open end bridge lending fund: take a 900 million fund, mostly first lien, with a loan tape that has just come in. The reliable numbers are usually the…
Building a public presence ahead of moving into lending is a common step, and a proposal like 1,200 a month for 12 social posts and two emails, three month minimum, is worth press…
I've been building a spreadsheet for months and I want somebody to tell me what line is missing. Target is a 285k three bed in a working neighborhood about 25 minutes from where I…
An operator I've been following wants me on his next deal, after six months of research and nothing to show for it. 84 units, 7.8M, he's raising 2.6M. He's done five deals, two of…
Here is a term sheet structure worth working through, because the cash requirement it implies is larger than it looks. Take the construction side of a heavy rehab: 240k purchase m…
I put out six short videos on how a small service business around real estate actually gets its first ten clients. Nothing fancy, phone camera, maybe 300 views total. Two people e…
Got a term sheet back for a single spec house, first one for me. Lot's already mine, bought it last year for 62k with cash. Build budget from the contractor is 288k for 1,850 squa…
First time I've looked seriously at office and I'm out of my depth on the lease structure, so going slow. 14,000 sf two story, six suites, built 1991, asking $1.05M. Rent roll sho…
I've done six assignments. The way it works for me now is I get a house under contract, I market it, whoever pays the most gets the assignment, I collect the fee at closing. Simpl…
Take a contract with a seller at 182,000, cash, 21 day close, and an end buyer, a local flipper doing three or four a year, signed at 214,000. That's 32,000 of spread. A double cl…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
