Six months in, still no deal of my own, and the money has been sitting. An operator I've been following around (20 to 40 unit value-add, secondary markets, does three or four a ye…
I have a script draft and I keep rewriting the same line. Option one, I say up front that I'm an investor, I buy at a discount, and I may resell or pass the contract to another bu…
I've got a gain coming from a value-add sale and the ten-year hold is the part I can't get comfortable with, more than the zone maps or the reporting changes. The program pays you…
I'm about to carry paper for the first time on a small parcel, 68k price, 14k down, so a 54k note at 8% over 15 years with a balloon at year five. Everything I've read is about wr…
Picked up a performing first where taxes and insurance are not escrowed. Borrower pays the county and the carrier direct, has for six years, no lapse I can find. 74k balance, 9.25…
I have a contract at 104k with an end buyer at 131k and my title company wants to know whether the seller has been told there's a second settlement happening an hour after hers. N…
Scope is a repositioning study on a 60,000 square foot older office building in a secondary downtown, owner wants to know whether to convert, sell, or sit for three years. Six to…
I've been looking at land and holding patterns for a while and I want something that pays while I wait. Retail keeps coming up, and the two shapes I can actually afford look compl…
Sizing exercise I keep landing on from four directions and getting four answers. Suburban office-to-flex conversion, stabilized, in-place NOI $2.35m. Maturing loan at $24m written…
The two numbers everyone repeats are the oldest boomers hitting 80 in 2026 and senior housing inventory growth running around 1 percent in 2025, the lowest since NIC started track…
I do land and entitlement work, so I know one thing well and almost nothing about running apartments. Twice now someone has floated me being the GP on a small multifamily raise be…
Something in the current setup doesn't hold together for me and I want to argue it out with people who are actually running dispo. The share-of-spread arrangement made sense when…
I've been going back and forth on this for months and I want to see where the room splits. The pitch for vouchers is that the government portion arrives regardless of what happens…
Two of the owners we work with are moving units to furnished 30 day minimums, and since my small service team handles those turnovers, I've spent the last few weeks trying to figu…
The dead zone worry that keeps coming up is that investors sit on their hands through 2026 because the enhanced benefits attach to the new zones starting January 2027. Advocates h…
I opened a small position in a mortgage REIT last month, mostly to learn how the income actually behaves before I put anything meaningful in. The brokerage is now asking me a yes…
Someone I know is buying into a 60-unit building and asked me whether it needs on-site staff. I said probably, then spent the drive home realizing I couldn't defend it. So, plainl…
On the last deal I put a base case and a downside side by side on the same page of the investor memo. Base was a 16.4 net IRR to LP with 2 percent rent growth and a 25 basis point…
Since the offers of compensation came off the MLS, the information did not disappear, it moved. Listing agents post it on brokerage sites, some MLSs run a separate non-public fiel…
I've turned eleven units across small buildings in the last three years and I still argue with myself about this one. The standardized version: one paint, one floor, one cabinet d…