The PPM I'm working through names fund administration as a fund level expense and then names an investor portal separately in the same paragraph. The sponsor's cover letter says i…
Got told two contradictory things in the same week. One person said buying notes is just buying an asset, no license needed, anyone can do it. Another said if the loan is on a hou…
I've got two active deals in other property types and I'm looking at storage for the first time, and every summary I read says the frozen housing market is suppressing storage dem…
Seller sent me the standard lease he uses. It has the lot number, the rent, a line about pets, and a signature block. That's it. Nothing about who maintains the water line running…
A wholesaler in my area is marketing houses where you take the deed and just keep paying the seller's existing mortgage. To me that sounds like using someone else's loan without a…
Looking at a commercial mortgage REIT, floating rate senior loans, mostly multifamily and office. Loans risk rated 4 and 5 are about 12% of carrying value. Total CECL allowance si…
Numbers on the table from an agency proposal I'm reviewing. $6,000 monthly retainer, 15% of media spend, $18,000 media spend. That's $26,700 out the door monthly. Their own case-s…
Running the numbers on what a brokerage needs to clear before the owner takes anything, and it looks like the answer is headcount, not skill. Say fixed overhead of 12k a month, so…
Talking to insurance people about a tract I might split into six pieces and I got two different answers in one afternoon. My agent said raw land needs nothing because there's no s…
I've been looking at a fourplex and a five unit on the same street, similar age, similar rents. My agent said the fourplex is a residential loan and the five unit is "a whole diff…
There's a town near me with a private liberal arts college, maybe 1,800 students, and houses go for $140k to $180k for four bedrooms. Rents around $500 a bed. On paper that's a mu…
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…
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…
Every unit I've bought taught me something new to worry about, and this one I can't find a straight answer on. I'm looking at moving some cash into crowdfunded deals instead of bu…
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…
I've been driving a three-county area and pulling code violation notices off the county site, maybe 30 to 40 names a month that look worth a call. Two investors are interested. In…
Every video about virtual wholesaling says you need boots on the ground. Nobody says what that person is, whether they're an employee, whether they get a cut, or what stops them f…
A few deals in. What's happening is I bring things to buyers and they say close but no, and I burn my due diligence period finding out. My notes on each buyer say things like "SFH…
I manage apartments and I'm getting asked to quote on two manufactured housing communities, 180 and 240 pads, both mostly lot-rent-only. I don't know how to price this. On apartme…
I've got a duplex with a full-height unfinished basement, roughly 900 square feet, separate exterior entrance already there. Framing a third unit down there is straightforward wor…