A vacant infill lot held for several years while waiting on infrastructure, say a sewer extension, is a common target for illegal dumping once it sits unused long enough. A walk o…
I've owned raw ground and a couple of long-hold rentals for years, so this is new territory for me. An operator I've known through a local owners' group asked me to fund the equit…
I put money into a 180-unit deal as a passive investor and the first real operating report landed. Twelve pages. I read paperwork for a living on the acquisition side but I've nev…
Consider a private offering for a fund buying manufactured housing parks in three states. Say the deck shows six acquisitions, 480 lots total, average in-place lot rent at 290, wi…
My aunt handed me her 11 units last month and the last bank reconciliation in the file is dated October of the year before last. She's stepping back, I'm running it now, so the me…
Picture two mid-size metros roughly 900 and 1,400 miles from the investor, chosen because the buyer forums there look active and price points sit under $200k. Say the investor has…
A friend asked me to sit in on her listing appointments because she knows I've been poking around the service side of this business. Her house is a 1,600 square foot three bed in…
A useful scenario to work through: a seller call that turns into a wholesale deal at a size the operator has never done. Owner is 78, has held a 12 unit walkup since the eighties,…
An underwriter moving from conventional apartments into a first 55-plus deal often finds that half of a standard multifamily template does not apply, which makes it worth laying o…
I've got capital sitting and I've been circling self-storage because everyone describes it as the low-hassle option. But I don't know how to tell a good facility from a bad one wh…
Pulling the numbers for a given county before choosing a lane clarifies the decision. Say last year there were 212 closed sales above $2.5M, with the five biggest teams touching 6…
Here is a scenario worth working through, because it comes up constantly with passive money. Say an investor wants income without a second job and puts capital with a partner who…
I've held land a long time and I'm finally trying to sell three parcels rather than keep paying taxes on them. A marketing agency quoted me $1,500 setup and $900 a month to run Go…
I'm three weeks from my license exam and a guy I used to work with called me Sunday. He's got about $250k he wants to put into a small rental somewhere cheaper than where he lives…
Contract is sitting in front of me for Friday. Two units, same owner, both already operating with a year of history I can see in the exports. Unit A, 2BR condo walking distance to…
Owner of a 96-unit walkup asked me to quote all their turns for a year. I've done renovations for six years, mostly single houses and small flips, so the work itself doesn't worry…
Take a small multifamily where the person on one side has managed the building for years. Four units, 1970s brick, two bed each, one shared boiler replaced in 2019, separate elect…
Under contract inspection period on a 1958 ranch, 3/1, 1,180 square feet, on 0.92 acres in an older part of town where the newer stuff nearby is on quarter acre lots. Price is 205…
Say a management shop runs 140 doors across roughly 60 owners, and a chunk of those owners have asked some version of find me another one. Handing that to an outside brokerage for…
Same plan set, same builder, same submarket, three houses in fourteen months. 1,850 square feet each. House one: 158 a foot hard cost. House two: 166. House three, quoted last wee…