live deals, numbers on the table
The house is a three-bed in Garfield Heights, been with the same tenant since November 2022, she pays on time and the unit is clean. I raised her $75 at the last renewal and she t…
Sent the same three-page summary I always send, revenue by unit, vacancy days, what I spent on what. He has been in the triplex since 2021 and never once complained. This time not…
I have been turning that over for three days now. I do townhomes on the active side so I think in draws and payoffs and wire confirmations, money that shows up and then leaves on…
Take a two-suite MOB: suite A is an orthopedic surgeon, suite B is the physical therapy practice whose patient volume runs almost entirely on surgical referrals from suite A. On p…
Pre-foreclosure buyers tend to lean on the same comp set a listing agent would use: closed sales within a half mile, adjusted for condition, run backward from an ARV. That math is…
Take a first lien bought in Ohio six weeks ago, $34k into a note with a $71k UPB on a property that last sold for $88k in 2019. Say the servicer is SN Servicing out of Eureka and…
I've got three STR units running and I'm used to putting real money into deals, but this one the seller is current, loan balance is basically purchase price, and I cannot figure o…
A projection like that pulls roughly $340k of value forward in the waterfall, which means the promote hits before the asset has actually been proven. Work back through the last si…
Put $30,000 into a multifamily value-add in Columbus, Ohio, 36-month term, 8% pref, 70/30 split above it. I did the math going in on compound and had a number in my head around $3…
I've been in this business fifteen years and I know what a liquidity event is. This was not one. The GP took the three best-performing facilities out of the main fund, put them in…
$1,340 instead of $1,190, and I only noticed because I was reconciling Q1 against the HAP contract. Told my contact at the authority and she said just send the overage back, no bi…
I'm not operating anything directly, a third party handles everything, but I'm trying to figure out how to organize what they send me across what will eventually be a few differen…
Guy runs pre-foreclosure deals in three counties, does maybe eight to ten closes a year, told me the sellers who actually pick up the phone are the ones three weeks out, not three…
We grew up on the idea that real estate means you own something you can walk through, swing a hammer at, argue with a contractor about. Nine doors, every one of them touched by my…
Some states require a servicer on any loan an investor collects payments on, and the servicer minimum is where small notes start to break. Model a 63,000 note bought at 87 cents.…
Found this out on a duplex in Memphis last month. Closed in January, did not pull the first draw until mid-February because the contractor was slow to mobilize, and now the clock…
Picture an LP who spends three months reading the syndication docs on a 96 unit deal in Columbus, Ohio. $75k minimum, 7 percent pref, 70/30 split after that. The numbers look fine…
Is a 6 percent oversight fee normal in Maricopa County, or is that number being tested to see what a buyer will absorb?
My aunt passed in February and left me a duplex in Akron, 44303, and I am still trying to figure out the basics. Current rent is $675 and $700 per unit on month-to-month leases, b…
Here is a scenario worth working through for anyone taking on a first multifamily asset. A 24 unit garden style property in a metro Atlanta suburb, built 1987, with the parking lo…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
