every post in the forum, newest first
A useful scenario for the room: an estate sale at the high end of a small market, 4,900 square feet on just under two acres, with three listing agents pricing it between 2.6 milli…
My mom's old coworker runs a small investment group and they're buying a 96-key limited service hotel off an interstate exit, two brands within a mile of it. He asked if I wanted…
A cleaning operator running crews for five years, mostly for landlords who pay off an invoice with no paperwork required, may hit a wall applying for REO trash-out assignments thr…
House I'm under contract on has maybe a room and a half of junk plus a garage packed to the door. Previous owner left furniture, a lot of boxes, an old riding mower, and what look…
I keep poking holes in strategies and this is the one that survives every objection I throw at it. Buy as an owner occupant, live there the required year, convert to rental, repea…
Finished this one last spring, so I've had time to be calm about it. Bought a 1963 ranch, 1,450 square feet, 246k, 3.5 percent down. Plan was to live in it 12 to 14 months, fix it…
Here is a documents problem worth working through, because it eats more time than picking names does. Say the target weights for the base layer of a REIT sleeve are industrial 25,…
For anyone who watches debt more than equity, the valuation gap argument raises a fair question about whether it reaches the paper side. Mortgage REIT names that hold agency MBS a…
First JV I did was 50/50 and I earned exactly half. I brought a signed contract and nothing else, and my partner did the buyer work, the title chasing, the extension negotiation,…
A common mistake on a cosmetic flip is writing the renovation scope off general research rather than from what actually sells the house. An operator who goes over budget on a firs…
I read the ATTOM number about typical gross returns falling to around 25 percent, lowest since 2008, and my first reaction was that 25 percent sounds enormous. My savings account…
Two things came across my desk in the same month. One is a public non-traded REIT holding nothing but data centers and a small amount of build-to-suit development. The other is a…
Anyone who has been vetted by their own clients develops a sense of which questions actually reveal something. Turn that around on a first LP deal and the diligence checklists onl…
First deal, and I want to write it down while the numbers are still exact. 8,400 square foot single tenant retail box, auto parts style user, secondary market in the upper midwest…
A seven-lot subdivision on 31 acres with a new 1,100-foot gravel road to county standard is a case worth walking through in detail, because the compounding cost is easy to underes…
Take a deal that looks great on the yield line and worse the longer you sit with it. 34,000 sf, built 1978, 18 foot clear, one dock door and one drive-in, town of about 6,500 peop…
First one done. 7,200 sf end unit in a 1990s light industrial condo park, 16 foot clear, one dock and one grade door, small office up front. $520,000, so $72/sf, in a park where t…
This is a small one. $25k into an eight tenant office and flex building, roughly 34,000 sf, single story, in a suburb where a lot of the tenants are contractors and small medical.…
I ran lifestyle and activity programming for a 240-unit active adult community under a two-year service agreement. Fitness classes, resident clubs support, event calendar, three s…
Two ways to buy the same three or four unit building, and the argument between them rarely resolves because both sides are right about different risks. Putting more down means a s…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
