someone asked, the room worked it out
Here is a phasing problem worth working through. Take 80 acres under contract at $280,000, so $3,500 an acre. Zoning is a 5 acre minimum. After a road corridor and one unbuildable…
Been calling around about who actually manages these things for owners, partly because I'm curious whether there's a service business hiding in here. A regional firm quoted me 6%…
A seller sent me a one-loan tape. First lien, UPB 88k, borrower 26 months down, asking 31k, BPO 104k. The notes column just says "collateral file incomplete, missing intervening a…
I research land and holding patterns, and I've started testing what a general AI model actually gets right about my area. I asked it to walk me through a lot split, what a percola…
A first-time buyer leaning toward a live-in flip usually runs into the loan before anything else. The houses that make sense for the strategy have no kitchen, or a bathroom stripp…
A question that comes up for tradespeople who are already on site: agents ask them to shoot photos and put together the listing flyers. Anyone from a construction background is us…
Seen from the lender's chair, house hacking is the one owner-occupied product where the borrower's ability to pay depends on a third party showing up with a check every month. A r…
I'm two years out of a different career and running the numbers on a live-in flip before I commit, and the piece I can't resolve is basis. Say purchase at $265,000, and over 26 mo…
Here is a mismatch that shows up in a lot of small mixed-use lease packs. Take a corner building, five apartments over two storefronts. The commercial lease says the tenant pays i…
Inspection comes up often as the one piece of a real estate service business an operator could do in house rather than refer out. What is hard to find is a straight answer on the…
Running numbers on a 640 acre southern pine tract, mixed age, roughly 30 percent in stands 18 years or older. Ask is $2,650 an acre so about $1.7m. Standing inventory appraisal su…
I've got capital and no deal flow, and two people have offered to send me leads. One wants a flat amount per lead he sends. The other wants nothing up front and a cut when I close…
A co-GP agreement came across my desk for a $12M multifamily deal. The offer is 30% of the promote in exchange for introducing investors up to a $4M raise. No asset management dut…
Looking at a luxury flip as a passive investor. Deck says $2.6M acquisition, $700k renovation budget, $4.2M target resale. Debt at 65 percent of cost, 12 month term with one 6 mon…
I'm reading a fund deck for a stabilized 32MW facility in a secondary market. Going-in cap 6.1%, 15 year triple net lease to an investment grade cloud tenant, 2.5% fixed escalator…
Take a rural dollar store listed at $1,340,000 with rent of $112,500, so roughly an 8.4 cap. Town population about 1,800, and the store is the only general merchandise within 20 m…
The phrase gets stretched. Ask a building's owner group who is doing a live-in flip and half the hands go up, and half of those mean they repainted and plan to sell in a few years…
Here is a waterfall worth working through, because the promote in it is thinner than the term sheet suggests. It is the kind of structure a lender sees from the debt side for year…
Read a set of closing documents closely and the same transaction seems to describe the same function three ways. The commitment comes from a title insurance company. The settlemen…
Pull up fourteen land listings and eleven of them will use some version of "potential to subdivide". A representative one: 30 acres in a 2 acre minimum zone, which the agent descr…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
