someone asked, the room worked it out
Looking at a small provider doing agent marketing, 34 retainer clients, average $740 a month, gross margin around 55% after contractor costs. Median client life is 11 months, whic…
Take a 60-lot park, in-place lot rent $265, the broker's market rent at $425, and a model that walks it there over 24 months in two steps. Everything else in the deck is flat. Par…
I've got a file shape I want to understand before it's in front of me: buyer is a Delaware LLC, all cash, no institutional lender anywhere in the deal. Because there's no bank wit…
Four rentals I own directly plus a handful of LP positions in syndications where all I get is a K-1 once a year. I'm currently running the rentals in a spreadsheet and it works un…
Take a 240 unit in a submarket with two lease-ups within a mile. Asking rents on the rent roll average 1,650. Effective is closer to 1,512 once concessions come out, with the T-3…
Many people come to industrial looking for the version of commercial real estate where the owner collects a check and does not get a call. Most of what is written about it says in…
Consider a two tenant medical outpatient building under LOI at 18,400 sf, $6.8m, and a 6.9 percent going-in cap. The larger tenant is a system-affiliated cardiology practice in 11…
I've got about 25,000 set aside and I've been looking at 20 to 80 unit apartment properties because the guide says the scale carries professional management, which sounds better t…
A question from the small investor side. Say someone is saving toward a first purchase and thinking about putting a smaller slice into a crowdfunded deal in the meantime. An agent…
Mid renovation on a 1920s two story, roof came off the back addition, and I've been flying a $700 drone over it twice a week so I have a record of the framing and the flashing det…
This comes up when a small multifamily owner looks at a first motel. Say an owner has two fourplexes on landlord policies with the same agent, and a 19 room motel two towns over c…
Take an 18,000 sf clinic building, three tenants, 88 percent occupied, asking $4.1m. In place NOI as delivered is about $290k, so 7.1 percent going in, and a typical debt quote on…
Take an old 401k somewhere in the mid forties that could roll into a self directed account. The goal is income showing up without acquiring a second job, so the lending side appea…
Buying an 18 acre parcel and the seller's marketing had a drone video plus about a dozen aerials, and the listing agent mentioned the seller paid $600 for it. The video is genuine…
Read three different ADU ordinances in the same metro and the thing that keeps changing the math is the owner occupancy condition, well ahead of setbacks or size caps. Two of the…
Take a fund whose second vehicle is built on infill of vacant pads the portfolio already owns. Say 3,200 pads across the portfolio, 470 vacant, mostly clustered in six parks in th…
Take 60 acres about nine miles past the last recorded subdivision. Asking is $4,200 an acre, so $252k, taxes run about $1,900 a year on the current ag classification, no structure…
Take a duplex under contract subject-to, the seller's loan balance around $211k at 3.75 percent, with her hazard premium paid out of her escrow. The buyer's insurance agent says h…
$16m acquisition, senior quoted $12m at 6.75 with a 1.20x DSCR test, and I'm $2.5m short of closing. Found a group willing to do it as a mezz loan at 12 with 9 current and 3 accru…
I'm looking at a duplex listed at $340k, and the listing sheet says 6.8% cap. The lender I talked to went through my income, my credit, the down payment, and the appraisal, and ca…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
