every post in the forum, newest first
Full gut on a 1920s four square, senior hard money loan covering purchase plus about 70 percent of the rehab number, and a gap position from a guy who does three or four of these…
I've been reading through two phase one exit plans from developers in the same metro, similar lot sizes, and they've made opposite decisions on the same question. I'm still on the…
From the debt side, the first question worth asking about any sponsor's deck is what happens if a deal goes badly, not what happens if it goes well, and track record is where that…
A scenario worth working through. An owner buys 22 acres for the land. There is a 1970s farmhouse on it, three bedrooms, sound roof, working well and septic, and it has been treat…
I own land and two rentals I've held a long time, and with anything new I like to start absurdly small and see what breaks. Somebody told me a single studio near a hospital counts…
A staging agreement for a spec build finishing in about five weeks might include terms like a 9,800 dollar install fee for 11 spaces, a 90 day minimum term, 1,450 a month after th…
Getting quotes for a friend's listing and the spread is wide. One stager said $3,900 for a vacant three bed, two bath, about 1,700 square feet, covering the main living room, dini…
Worth studying as a cautionary case: an LP closes out a $55k investment at 1.03x over four years, in a deal where the underlying property actually performed reasonably well, which…
Here is a loss worth studying, laid out as a 2021 case. An investor sells two assembled parcels for a gain of about $210k and goes into a QOF whose whole plan is 60 acres inside a…
I'm getting ready to list a piece of vacant land, gently rolling, mostly cleared, a seasonal creek along one edge. Nothing on it. No structures, no driveway, one gate. A local sho…
I've owned a 48,000 square foot single tenant distribution building since 2016. Third generation family distributor, 28 foot clear, seven docks, decent yard. Lease was running to…
I priced out three ways to get notice-of-default leads in the two counties I can drive and the spread is bigger than I expected. Paid platform with daily pulls: about 129 a month,…
The recovery case rests on absorption overtaking deliveries and staying there long enough for rents to firm. Everyone models the pipeline contraction. Almost nobody models the res…
An investor moving from directly owned small multifamily into crowdfunded deals runs into two questions worth answering before committing capital. On the insurance side, landlord…
Been building the first deal budget for months and I finally ran the crowdfunding version side by side against the small rental version, because at some point I have to pick a lan…
A small crowdfunded equity position illustrates a cost that rarely gets mentioned upfront. Take a 6,000 dollar investment in a crowdfunded equity deal, first year distributions to…
Take a 1979 warehouse, 31,000 square feet, single tenant vacant at purchase, 18 foot clear at the peak of the bay and about 16 at the haunch, four dock doors with no levelers, one…
I've read the FHA multi-unit path a few times now and it makes sense to me: buy up to a fourplex, live in one, low down payment because you're an owner-occupant. Clear enough. Wha…
Take a small deal: an LLC of four buying a 1960s six unit in a second tier market for $612k, cash from members plus a local bank loan at 70 percent. Commitment comes back in nine…
First rental is a BRRRR I'm holding, and I've been so deep in screening reading that I've created a timing problem for myself. Market rent looks like $1,900. I have an applicant w…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
