every post in the forum, newest first
For an investor coming from small multifamily and drawn to the land-lease model, the choice usually comes down to two doors. Door one: buy a small park directly, something like 20…
Deal I'm working: contract with the seller at $186,000, cash buyer verbally at $200,000. So $14,000 of spread. Seller is an heir who inherited the house from her mother. She think…
Tracking wholesaler deals over time tends to produce a clear pattern. Out of 178 deals emailed over several months, 41 get underwritten past a first glance, and a small handful, s…
A single furnished lease that comes from a chance conversation is not a repeatable sourcing strategy, and the deliberate version of corporate tenant sourcing splits into four chan…
I pull municipal code enforcement dockets for six cities. Open cases, the citation type, the address, the responsible party, dates. Some of them post clean tables, two of them I g…
Before putting money into buying leads, it pays to model what the seller side actually costs in a given metro. Paid search seller leads commonly land around $34 delivered from ven…
Reading through a small operator's setup, five furnished units in a metro with one large employer nearby. Four of the five units have been filled by placements from that one emplo…
I manage nothing yet. I've spent four months talking to owners of furnished units to work out what a service around this would actually charge and cost, and my model keeps collaps…
Here is a scenario worth working through, because it comes up constantly and the paperwork moves faster than the buyer reads. A buyer is under contract on a triplex at $412k, all…
Dual agency comes up often for first time buyers: an agent who has been showing a buyer around also lists a property that buyer likes, and a consent form arrives saying the agent…
Take a dated 1990s lake property bought at 2.28M out of a probate situation, with 520k put into renovation, and a sale at 3.19M, netting a bit over 210k after commissions, carry,…
A common scenario for a rental owner looking to diversify: rental income covers the essentials, but every extra dollar keeps going back into something that needs a roof, so the ap…
The 90 percent income distribution rule is real but it is not the whole definition, and using it alone as the test misclassifies plenty of companies. A REIT, in the strict legal s…
This is not a deal, so say so if it does not count. It is the piece of work most people put off for a year, which is building an actual list instead of reacting to whatever a brok…
Consider a service contractor with years of experience in and out of small commercial buildings, hearing regularly from owners who are underwater, tenants renewing at numbers that…
Attorney pricing pages are often confusing on this point. A site might quote $350 an hour, then further down list "flat fee packages from $750," and a caller asking about a bounda…
A common pattern in small property management operations: the management agreement is a form the company inherited years ago and never touched, and the lease is a state associatio…
Two public non-traded REITs quoting distribution rates within a quarter point of each other can be running very different machines underneath. One at 34% loan to value, mostly fix…
Here is a clean case worth studying because the loss is small and easy to see all the way through. Say an investor holds about 18k in a broad REIT fund as the liquid sleeve of a p…
Say a preparer offers to take over bookkeeping for $450 a month, and drops the return fee from $2,400 to $1,900 on the reasoning that January will not be spent fixing someone else…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
