someone asked, the room worked it out
Been looking at property management as the thing I actually do rather than buying anything, and I've gotten three different answers about licensing. One person told me you need a…
Working through a structure before I commit to it. Underlying is a 30-year fixed at 3.75 with about 312k left and roughly 26 years to run, payment 1,640 plus escrow. Plan is to se…
I've been pricing out what a one-person contract-to-close setup costs before I quote anyone. What I've found so far: a dedicated transaction management platform, e-signature, some…
A setup worth examining, because it is common among virtual wholesalers. An operator runs documents rather than properties, with a single purchase and sale agreement carrying an a…
I don't invest and I'm not sure I want to. But I'm out in neighborhoods constantly for work and I notice the same things over and over, houses with two years of mail in the box, b…
Work through a supplemental for a typical mid-cap industrial name and the headline story (REITs implying 6.3 percent against private appraisals around 5.1 percent) keeps shrinking…
Take a marketplace blast that comes through at $145,000 with ARV listed at $210,000 and rehab estimated at $45,000. Pull the county record and the property is under contract at $1…
A situation that comes up constantly and confuses nearly everyone the first time. Say a deck for a 90 unit in Greenville gets forwarded around an investing group. The minimum is 5…
A vocabulary question worth settling before anyone uses the term in front of a planner. Adaptive reuse gets applied to a warehouse becoming lofts, which makes sense. But brokers a…
Here is a pricing problem every listing content shop is going to face if it has not already. Take a three person operation doing 42 packages a month at $180 each. A package is the…
A structure that comes up often in JV wholesaling and deserves scrutiny. Say a wholesaler is under contract at $142,000, ARV somewhere around $215,000, maybe $30k of work by the n…
Coming into this from a completely different career, so the insurance vocabulary is where I'm getting tangled. I read that a landlord policy includes "loss of rent" coverage and I…
I'm working on the lending side rather than owning, and I'm trying to think through the ugly case. Borrower stops paying, I end up taking a property back, and the house is full of…
Deal in progress and I want to understand the failure modes before I commit the gain. Numbers: purchase $1.2m, allocation looks like $340k land and $860k improvements, so my subst…
I'm reading the PPM for a value-add multifamily fund. Target leverage 65 percent at the property level, and there's a paragraph telling tax-exempt investors to expect unrelated bu…
Take a fund with a 20m target and a 25m hard cap. An anchor offers 5m at first close and their side letter asks for management fee at 1.25 rather than 1.5, no change to the promot…
A question worth putting to the room plainly: where does the money in a brokerage actually come from? The simple version goes like this. An agent holds a salesperson license and h…
Sizing an entry position in performing notes runs into ranges that are all over the place. People talk about $20,000 notes and people talk about $150,000 notes as though both are…
Two pieces of office vocabulary that do not line up for people coming from land and other asset classes, and they are worth settling. Every market report says prime office is tigh…
The number I keep tripping over is the reported typical flip: buy near 260,000, resell near 325,000, gross profit around 65,000, gross return roughly 25 percent, described as the…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
