someone asked, the room worked it out
Work through a spec build with these numbers. Lot at 180k, a 2,400 square foot plan, best hard cost number at 165/sf so call it 396k. Soft costs penciled at 55k. That is 631k all-…
Take a small-town deal: 6,200 sf single story office built in 1978, four tenants, asking $650k. The local bank will look at it but wants a Phase I, a property condition assessment…
Here is a structure that gets pitched to acquisitions teams regularly. A buy-and-hold client wants the team on a per-house fee, where he signs the purchase contract with the selle…
A question that comes up on almost every small multifamily turn. Contractor bids come back higher than the budget wants and a good chunk of the gap is labor. The owner is reasonab…
Working out whether double closing pencils at my deal size. Purchase 185k from seller, resale 199k to a landlord buyer who already knows the street. Spread is 14k. The funders I'v…
Working out the sequencing on paper before I commit to anything. Say I buy a house, live in it 24 months, sell, and the gain is around $180k. Single filer, so under the $250k cap,…
Ground-up on a small infill project, $3.2M total cost. Bank offer is 8.25% floating at 55% loan to cost, full recourse, and I'd be writing a $1.44M equity check. A debt fund offer…
Thin margins, fast deals, and I'm now hearing from a broker that dual agency claims are the ones that get agents sued and that carriers treat them differently. Is that a real thin…
Take a common listing profile: 180 units on a paved lot, keypad gate, no manager on site. The seller says he drives over twice a week, walks the rows, and does the rest from a lap…
This keeps coming up as the thing you do when you have no marketing budget, and I've heard it from enough people that I want to know what it actually costs before I ever try it. F…
A pattern that comes up often: two agents in the same office describe what looks like identical social media work, posts, a couple of reels, some listing graphics, and one is payi…
Take a private placement on a 132-unit active adult community where the sponsor is raising $9m of what the deck calls preferred equity: an 8% pref, then a 70/30 split after a 14%…
I'm pricing a conversion rather than buying a running home. 2,400 sf ranch, and I've got two sprinkler retrofit bids at $18k and $31k for the same scope, which already tells me I…
A placement logic worth stress testing. Say an investor holds a couple of small multifamily buildings personally and has an old employer 401k to roll. The reasoning goes like this…
I've been doing due diligence on a couple of storage sponsors and I can't get a straight answer on the entry point. One deck says $250k minimum, one says $1m, and a third told me…
The phrase secured power appears in nearly every data center writeup, and every one treats it as the thing that makes an asset valuable, which is fair. What rarely gets pinned dow…
My monthly software bill has crept up and I can't tell what's earning and what's just sitting there. Right now I'm paying for a data platform, a skip tracing account, a dialer wit…
Working through sizing and I keep landing somewhere unsatisfying. Say 400k to deploy over roughly three years, minimums of 50k, so call it eight positions. If I spread eight check…
A common point of confusion on deal marketplaces. A small rental is listed at $142,000, and further down there's a line saying a $10,000 buyer premium is due at closing, payable t…
I do a lot of due diligence on passive positions and I've started noticing distressed houses near the ones I look at. A friend who flips said I should just send them over and he'd…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
