someone asked, the room worked it out
Take a subordination agreement a senior sends over on a gap piece, where two clauses are doing a lot of work. One: the senior may deliver a payment blockage notice on any default…
A question that comes up often. Someone owns a small rental through an LLC they control and wants to sell it to their own IRA at an appraised price so the future rent grows tax de…
Read a sample note and deed of trust package from a title company all the way through and there are blanks for the late charge, the grace period, the default rate, and the balloon…
This is worth looking at from the loan side. If the seller agrees to cover the buyer agent fee as a credit in the contract, that credit is money moving from the seller to the buye…
Anyone coming to storage after years of underwriting other assets hits the phrase portfolio aggregation in every deck. Sometimes it seems to mean a fund buying facilities one at a…
Say someone maps a route through a few older neighborhoods and logs about 40 addresses, mostly overgrown yards and one house with plywood on a side window. The question is whether…
Trying to work out where a service business could sit around this, and the licensing part keeps stopping me. For a normal rental I understand you mostly need a landlord policy. Fo…
I do HVAC and plumbing work for a management company that runs about 600 doors, mostly single family and small multi. They bill owners my invoice plus a 10 percent coordination ch…
A typical sponsor deck shows a parcel bought at about $4,000 an acre and models the resulting lots at $9,000 an acre. Same dirt, same road frontage, and the only thing that change…
The filing cabinet gets less attention than the houses, and it is where this model gets stuck. Take a plan to source in four states, none of them the one where the LLC is organize…
A private lender describing how his money moves will sometimes mention that two of his borrowers pay a wholesaler a monthly retainer to hunt for them instead of waiting for blast…
One of the agents I write pre-listing material for asked for conversion numbers before she renews. She goes on something like 30 listing appointments a year and signed 12 of them…
A common first client situation. Someone has built landing pages and run small campaigns for their own deals, and a local flipper asks what they would charge to run seller ads for…
Closing attorney's suggestion on a house I'm working: deed into a land trust with the seller as the initial beneficiary, then she assigns the beneficial interest to me at closing.…
For an owner who does not want a second job, the process matters as much as the price. Say a land planner quotes $6,500 to take a 22 acre parcel through a minor subdivision into f…
There are two opposite stories going around about finding rough houses. Someone in my area told me to just drive neighborhoods and write down houses that look rough, and someone e…
Pricing is the hard part here, and it is better worked out than copied from whatever the last quote in the market was. Take a deal: $40m stabilized value, $26m senior fixed at 6.5…
Consider a 1984 tower, 14 floors, 22,000 sf plates, with the distance from curtain wall to core about 40 feet on the long elevation. Slab to slab is 12'8". Single central core wit…
I'm putting together my first syndicated deal, small multifamily, about 6m of equity needed. Someone I met through a broker says he can bring 4m of it from his own investor list.…
Trades background, mostly commercial mechanical, so I'm coming at this from the pipe end rather than the money end. An office floor has maybe two wet stacks serving a core restroo…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
