I'd rather do this without the usual chaos, so I've been reading the luxury flip threads here trying to find where the actual disagreement is, and I think it's this. When people s…
Agent quoted me 2.5% buy side with a $6,000 minimum. I'm looking at four to six houses over the next 18 months, $150k to $220k, light value-add rentals I intend to hold. Call it $…
Sat in on a budget call for a 224-unit mid-90s garden community last week, third-party managed, fee is 3.5% of collected revenue. The manager brought a proposal for leak sensors a…
I do fast, thin deals in houses and I've never touched parking. Two things landed on my desk in the same week and they're pointed in opposite directions. One is a 19-space gravel…
I'm looking at hiring out prospecting for small-town properties and the two proposals I got split on who handles the compliance side. One shop says they scrub against do-not-call…
Looked at a 140 acre cutover parcel last month where the timber cruise supported maybe half the asking price. The listing didn't hide it either. Frontage on a county road, a creek…
Two LPAs open in front of me right now, both value-add multifamily, both around a three to five year stated hold, both from sponsors I have taken seriously enough to call referenc…
Two closed deals, 480k of equity raised across 9 people, both still paying. Next 18 months I want three acquisitions in the same submarket and that's roughly 1.4m of equity. The r…
Reading through house agreements people have posted and the cleaning section is where they all get vague. "Residents keep common areas tidy" is doing a lot of work in one sentence…
Working through a $60M equity allocation and the choice keeps coming back to the same fork. Either we back a sponsor who already has a management platform across 40-odd parks and…
An investor I underwrite for pays his scouts two ways and lets them pick. Either $500 flat on any lead he takes to contract, or 5 percent of his net profit when he closes. Same gu…
I've swung hammers for eleven years and I've run other people's jobsites, so the framing and the sequencing don't scare me. What I've never done is carry the money side of a house…
Ask me about scope creep and you'll get an hour, but the version that's bugging me this month is software scope creep. I run acquisitions and rehabs. Sellers, agents, wholesalers…
I manage properties, so I come at this from the paperwork end. A couple of the lien funds I've been sent materials on describe themselves as fixed income substitutes, and the pitc…
Sorting through four offerings and they're all the same asset class on paper and nothing alike underneath. Trying to make the segment choice explicit rather than picking whichever…
Someone said that to me in a comment thread and it's been rattling around since. I mostly read notes and paper and I'm still mostly confused, so treat this as a beginner asking. T…
Onboarding for a raise I'm helping on, and the welcome email drafts split two ways. One says "our investor relations team" and signs from the fund. The other names the outside fir…
I run two versions of the same 6-bed and they refuse to converge. Rural version. Three-bedroom-plus-den ranch in a county seat of about 9,000 people, 215k purchase, maybe 90k of c…
Three assignments done in my home market, average fee $9,200, and all three sold to the same two buyers. That's the ceiling. So I'm opening a second market about 700 miles away, a…