someone asked, the room worked it out
A common scenario for anyone running management on scattered SFR: an owner pushes back hard on the fee schedule and wants 8 percent flat, no leasing fee, no renewal fee, no markup…
Take a one bedroom condo in a beach town. Comps on the block show about $180 a night and a listing agent will call 60 percent occupancy conservative, which pencils to roughly $39k…
For anyone building a note servicing offering, wraps are the messiest instrument on the desk. On a straight seller financed note the servicer collects from the buyer and remits to…
Reading the deck for a 180-unit deal and the fee page lists a 2% acquisition fee, a 1.5% annual asset management fee, a 1% disposition fee, and then the cash splits 70/30 after an…
Manufactured housing fund summaries describe the portfolio in pads and then say something like "92% lot rent only, minimal park owned homes." The basic structure is that the fund…
Take a two bed one bath six blocks from a hospital. Nightly it has averaged about $3,400 a month gross across the year, with peaks near $4,600. A new ordinance sets a 30 consecuti…
Consider a 24 unit assisted living community on a triple net master lease to a regional operator, 11 years left, 2.5 percent bumps. Rent is $1.32M a year and the operator's report…
Numbers first. Selling a 3/2 at $480k, listing agent wants 2.5% for herself and recommends we "be prepared to" cover 2.5% for the buyer side, so $12,000 each side, $24,000 total o…
Read an occupancy affidavit cover to cover, which apparently nobody does, and it will typically say the borrower intends to occupy as principal residence within 60 days and mainta…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
