Take a content operator running listing packages for agents and small investment shops: 16 posts, 4 short videos, and two listing writeups a month at $1,450. After rebuilding prod…
I hold two land parcels that produce nothing but tax bills. The house was supposed to be the thing that paid those bills, so last year I bought a 4 bed 2.5 bath in a 1990s subdivi…
Small position in a 1990s suburban office, 48,000 sf, three tenants, parking at 5.1 spaces per 1,000 sf. The thing I did before investing that I hadn't seen anyone else do: I aske…
A useful screen for net lease is contract rent per square foot divided by an estimate of market rent per square foot for that building in that submarket if the credit tenant vanis…
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…
Consider a buyer who spends 2,410 dollars over several months and ends the stretch owning nothing. House one, 179k, 3/2. Inspection comes back with an active roof leak and a panel…
Here is a scenario worth working through because it is where a lot of owner users first meet land banking without meaning to. A contractor's storage yard lease runs out in March.…
Parcel is $240k, seller will carry at 6.5% with 20% down, interest only, quarterly payments around $2,600, balloon at year five. He's firm on the five years. My growth thesis on t…
Aerial photography in a marketing budget tends to get justified two different ways, and the two arguments do not actually measure the same thing. The speed argument says aerial ma…
A wrap worth using as a model: a seller owing on an underlying loan around 4 percent sells at a higher price, carries a new note to the buyer at 7 percent on a larger balance, and…
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…
Still pre-first-deal on my own account, but I've been the finder in a four-person group for six months and this one actually closed, so here's the shape of it. I got a tired landl…
Take a house under contract at $198k where the contract bars assignment without the seller's written consent, a clause easy to miss at signing, and no assigned buyer lined up. A c…
Take a co-hosting model built around eight listings, each generating roughly $55,000 in gross booking revenue a year, about market rate for a two bedroom in a strong short-term re…
Co-hosts split hard on cleaning structure, and the split tends to hold at every scale until it suddenly does not. Subcontracted cleaning keeps labor off the co-host's books. The c…
Got a media quote back yesterday on a small flip and it was one number. $625, stills, walkthrough video, aerial, done. The pilot I used before that charged $340 for stills and vid…
This is the allocation I've been circling since summer and I have to decide before year end because one of the funds closes. The fund: value-add multifamily, Sun Belt and lower mi…
Take a three-property, 1,100-unit value-add portfolio an institutional buyer has just taken down, with interior renovation scope going out to bid: LVP, quartz caps over existing b…
This question splits opinion consistently, so it's worth laying out both cases fairly. For anyone new to the structure: subject-to means the deed passes to the buyer while the sel…
Something odd came up when I was walking a place last week. The listing agent asked me what my plans were, and I said I'd be living in it and fixing it up over a couple of years.…