every post in the forum, newest first
The framing matters because it changes where you look first. A multifamily underwrite starts with the rent roll and works outward. A hotel underwrite that starts the same way is a…
The parcel was 47 acres in a county where timber rights run with the land unless severed by a recorded instrument, and no severance was recorded, so the lease was binding on any b…
A fund that raised on bridge lending promises and then went quiet on distributions is not a new structure, but the Ashland Greene situation has details worth working through caref…
I keep looking at parcels in Macomb County and nearby and I genuinely do not know what makes a site attractive to someone building self storage versus someone passing on it. Acrea…
Found a single-family note in Bernalillo County, seller-financed 2013, borrower never missed. Face was $112,000, seller wanted 85 cents on the dollar, and the pitch was basically…
I grew up hearing that you could not go wrong on central Illinois ground, that the worst-case scenario was flat and you just waited. Corn Belt, A+ soils, institutional money parki…
I got a unit under contract in Peoria, 3/2, close to the TSMC supplier corridor, and I keep going back and forth on this. Furnished corporate at $2,800 looks like an easy $600 pre…
A deal worth studying: a 70k gap position behind a 280k senior bridge, purchase plus rehab totaling 410k, ARV projected at 510k. The gap lender took 12 percent interest and 20 per…
My friend closed on a duplex in Pomona last spring, all in at $540k after a $65k rehab, and the appraisal came in at $590k. She needed $620k to make the refi math work. So she's s…
I was a co-GP on a 24-unit in Phoenix, closed September 2022, $1.8M raise. The operating partner handled LP communications and I assumed that meant something. First update went ou…
A survey taken before closing is the moment this gets caught. Without it, what the commitment shows as an exception and what a neighbor or utility company treats as their right of…
Not 3, not 8, not even the 15 I was bracing for after the last deal. Twenty-two. And this is a property that was doing $58 average daily rate, so there was almost no margin left a…
Been staring at this since I signed the purchase agreement. On the duplex I budgeted about $180 a month into reserves, which is roughly 4 percent of what the two units should brin…
I had a buyer ready, guy who moves fast on anything under a $35k spread, and I had to call the contract seller back before I sent it out. He said the $210k came from a Zillow esti…
The tension I keep coming back to is that a HELOC on an existing property gives you a draw you can time to the rehab spend, so you are only carrying interest on what you have actu…
A bird dog I was reading about this week had a clean setup on paper: find distressed owner, confirm motivation, hand off contact info and a summary note, collect $350 at first con…
When a REIT yields 6 percent and borrows at 4, the spread funds growth and keeps dividends intact. When that same REIT borrows at 7, the business model has to change whether manag…
I keep circling back to this because I don't flip anything, I just own a duplex I inherited, but I've been reading in this room long enough that the "start small, do a light cosme…
I have a 34,000 square foot flex industrial building in a suburb east of Columbus tied up at a 6.8 cap and the NOI is clean except for roughly $180,000 in racking, conveyors, and…
I am not in Ashcroft specifically but I have watched this from the outside because I had a colleague who put $100k in one of their Texas multifamily deals around 2021 and she forw…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
