I've been reading construction lending mechanics for a few months and the ADU version keeps snagging on the same place, which is that the money going in and the value coming out a…
I want income that doesn't turn into a second job, and this strategy looks like the version of that I can actually qualify for. What I can't settle is the pace. The fast version:…
I spent a weekend trying to verify a 60-name buyer list a dispo operator sent me as part of his pitch for capital, and the exercise mostly taught me how weak the standard evidence…
I've spent so long in analysis mode that I've started analyzing the software instead of the houses, which I recognize is worse. The subscription apps do address logging, owner loo…
Every time I look at buying, I end up stuck on the same question, and the pull toward it keeps coming even with a small crew to run on the service side. There are three doors into…
I'm working through licensing on the service side and looking for something to build around. Three separate conversations in the last month with people buying liens at volume ende…
Ran into this twice in the last month and I still don't have a settled position. Setup: my name goes on the purchase contract, I found the seller, my partner is bringing the buyer…
I've got a brokerage account open and about six months of savings I want to put toward real estate exposure without buying a building. The two paths I keep circling are a broad RE…
A friend on the leasing side sent me two proposals for the same job, generating owner leads for a small management book. One promises 25 qualified leads a month or the next month…
Working through a hypothetical aggregation of 12 parks, roughly 1,050 pads, mostly 1970s builds in secondary midwest and southeast markets, master metered water, expense ratio com…
My agent asked what the top of my budget is. I said $260k and my actual ceiling is closer to $310k on the right building. I held back because I've watched a friend get walked stea…
I handle lease-ups and turns for a handful of owners with voucher units, and the request amount is where I get overruled most often. Two defensible strategies and I've watched bot…
I've closed nine deals as a syndicator over five years, all deal by deal, all with the same 30 or so investors. Two of them have started asking why they have to review a new offer…
Something I've been chewing on while building my buyer list, and I'd rather argue it out here than guess. Two schools I keep running into. One says decide the exit up front. You w…
Two lenders I've been talking to underwrite the same flip completely differently and I can't decide which one I'd rather be. The first caps every loan at 70 percent of after repai…
I'm looking at a 180-unit garden deal where the senior is sized to a 1.20x coverage on its own and the sponsor needs another 4.5 million to close the refi gap. The old mortgage wa…
Three deals in, and the ceiling I keep hitting is how many I can run at once. So I've been looking at a live-in flip as a way to get one project working for me on a different cloc…
I've been trying to put the aerial line item somewhere sensible in a marketing budget and I can't get the benefit to sit still. The case that it buys days off market goes like thi…
I've been going back and forth on this for a week and I can't land on it. The wrap I keep looking at as a model: seller owes on a loan around 4 percent, sells at a higher price, c…
I've been reading disclosure forms for about four months now, mostly because I'm looking at raw land and there are maybe six agents in the two counties I care about. A couple of t…