For anyone who hasn't run into this yet, when you finance a sale yourself there are two common shapes and they are not the same asset. First shape. You deed the property to the bu…
Signed a content retainer in July to feed an off-market seller funnel. $2,400 a month. Deliverables are 12 short videos, 20 static posts, and one email a week to a list of about 1…
Almost nothing I understood about this turned out to be true, so writing it down. I put $40k into a fund that described itself as a diversified office income fund. My assumption,…
I've been putting a slice of idle cash to work on the funding side of double closes for about three quarters now, and last quarter was the first one clean enough to be worth writi…
The whole pitch for the funder side rests on the end buyer's money being committed before the advance goes out. Committed isn't in the account. If that wire doesn't land, I own a…
Eleven listings under management at 18% of net rental revenue. Portfolio does about $1.1M in bookings, so the fee line is roughly $198k. One owner holds four of those units, about…
The condo has been rented long term for three years at $1,650. Two bedroom, walkable to a hospital and a small downtown, nothing fancy. Tenant gave notice for April and a co-host…
I mostly buy dirt and sit on it, so treat me as a beginner on buildings. There's a 1970s two-story office building in a small city downtown, 14,000 square feet on 0.85 acres, aski…
I've been running the same exercise on suburban office the way I'd run it on raw land, and it keeps failing in a way land never does. The building I keep coming back to is a 1987…
Offer on the table is 40 seats at $1,900 for a six week thing, recorded plus live calls, I keep 70% of gross and they handle the selling. Roughly $53k to me if it fills. My margin…
Rural county, population under 20,000, and the development authority has an abatement package and a tenant prospect that wants 80,000 square feet on a rail spur that runs past my…
Reading a lease abstract for a 4,800 sf suite in a two story medical outpatient building, and the abstract says "guaranteed by health system parent." That sounded great until I go…
Two buildings under review, both off-campus, and the rent looks nearly identical so the whole spread has to come from credit. Building A: 9,200 sf single tenant, orthopedic group,…
Story
A guy from my old job invited me over for a barbecue and about halfway through he pointed at the back of his lot and said his mother-in-law lived there. I assumed he meant the hou…
Working through a sponsor's model on a 165,000 sf mid-block office going to 190 apartments, and the exit assumption is doing more work than anything else in the file. The base cas…
I have been building a list for about seven months and said in here more than once that I was not buying. Technically still true. I sold a contract instead. The lead was a 1,400 s…
I'm working toward the service side of this business and reading about REO in the meantime, and two things keep tripping me up. First, do I need a real estate license to buy a for…
I run thin and fast, mostly my own listings and a few buyers, and the money I make is the money I close. So the broker owner idea only makes sense to me if I keep producing while…
The pitch was 11 agents, a recognizable local name, and a founder who'd been in the business 14 years. I looked at agent count and closings and thought I understood the business.…
I've been reading note and loan sale material because that's the direction I lean, and the office paper is where the discounts are. Sub-performing, maturity defaults, sellers who…