Brokerage ICAs might be the strangest documents in this business, and I spend a lot of time in the paperwork nobody else reads. The agreement says the agent controls their own hou…
A flipper I've worked with twice wants to bring his GC into the deal directly on the next three houses. Structure he's proposing is that I fund purchase and rehab, the GC takes a…
I've been drafting a service agreement for a lead-finding arrangement and I got stuck on the scope clause, which forced me to answer a question I hadn't actually answered. What am…
Signed a JV on 11 acres about 20 minutes out from a growing secondary market. Seller was an out of state heir who wanted it gone by year end. I got it at 88k on a 60 day contract…
A delinquent tax notice landed in my mailbox in March. The county still had me as the mailing address from when I owned the place, so a bill for a house I sold two years ago came…
Running a small content team, four people including me. Our per piece production time on short form has dropped hard over the last year, editing and drafting assisted. A reel that…
Writing this for people at my level, which is the level where you read the deck and think you understand it. Two and a half years ago I put $75k into a 60 unit ground-up apartment…
Sponsor I've co-invested with twice is recapitalizing a 190 unit garden complex and asked if I'd take the pref piece. My money is usually in land and long holds, so this is new te…
A sponsor's mailing list sent me a preferred equity tranche at 12 percent and I've been staring at it for two days. I've been looking mostly at the lending side, and everything I…
Someone sent me their standard JV agreement for a dispo split and asked what I thought. I don't do these deals, I just read paperwork, and one clause is doing something odd. The s…
A few deals in on the acquisition side and I've hit a wall where I can find contracts and then sit on them for two weeks. So I've been looking at the other direction, whether I co…
Setup: I do 6 to 9 flips a year, thin margins, and I was drowning in bookkeeping labor. Last January I built out rules in my accounting software plus an AI categorization tool sit…
Five years into running a small service business, I've found my own books are simple enough that I do them myself in an afternoon a month. Now I've picked up two rentals and a fri…
Trying to work out the order of operations here and I keep going in a circle. Every dispo person I've messaged has some version of the same reply, which is send me the contract an…
I've read the deal-by-deal syndication material and I follow it. Sponsor finds a building, raises money for that building, buys it, runs it, sells it, splits the profit. The fund…
28,000 sf suburban office, three stories, 61% leased, built 1987. Seller was a family LLC that had owned it free and clear since the 90s and had stopped answering the leasing brok…
I have a deck from a lien buying operation quoting "up to 18% statutory" for one state, and then I went and pulled the actual results page from a county in that same state and the…
I have about 400k sitting in short term paper that I want moved into something secured by the end of the year. Tax liens keep coming back on my list because the return is set by s…
I asked for a quote on a document package for my own use going forward: a purchase addendum, a lease with the state-specific disclosures for my market, and an assignment-of-rents…
I fund deals rather than do them, and I want to understand this model from the buyer's chair before I ever write a check to someone running it. A wholesaler I've been talking to h…