Two ways to control an obsolete building while you find out whether it converts, and I've priced both this year on similar boxes. One: buy it. You get a price that reflects the fa…
This landed on me through an estate and I've read the documents twice, so numbers first. 320 acres, roughly 280 tillable, in a county where the extension survey put average cash r…
I've been pricing this out badly. Someone told me you can't get a mortgage on bare farmland the way you can on a rental, and that lenders want 40 or 50 percent down. Then I found…
I frame houses for a living, so I'm on residential streets five days a week and I see the vacant ones before the mail carrier does. Started passing addresses to three local invest…
Two investors in my market are offering me different structures and I want to think about this properly before I pick. Investor A: $500 flat, paid only when they close. No cap on…
Under LOI review on a two tenant clinic building, about 12,000 sf, asking $3.6m. My lender contact listed reports she'd need and I only recognized half of them. Phase I, PCA, ALTA…
Small two story building in a suburban node. Suite 104 is a 2,100 sf pediatric practice at $34/sf. Suite 206 is a 2,000 sf insurance agency at $26/sf. Same building, same age, sam…
I run leasing and maintenance coordination for a small portfolio and an owner asked me to "set up the CRM" so tenant inquiries stop falling through. When I asked what he had, he s…
I built my own dispatch and follow-up flow over about two years because I was losing quotes I never followed up on. Nothing fancy. Every quote over $2,000 gets a text at day 2, da…
I've been calling industrial brokers to understand the service side of this sector and I keep ending up in the same argument, so I want to put it to the room. The pitch for qualit…
I ran the same 20 acre parcel two ways on a spreadsheet and I can't decide which column I like, so I'll put the numbers up and let people argue. Cost in is $8,400. I'm asking $22,…
Development sponsors look like the most underserved client type I can find for the service business I'm putting together, mostly because their needs are lumpy and specialized. Bef…
Wanted to write this while it's still fresh because I did almost everything in the order the books say and it still didn't work. I optioned a 1.1 acre parcel in a first-ring subur…
Running numbers on a four unit where three doors would go to vouchers. Payment standard in that submarket lands around 1,240 for a two bed. Market rent on the same unit, from comp…
The operating agreement said my membership interest was 25 percent. It did not say what I gave for it. That sentence is the whole loss. Deal shape: 33-lot park in a small market,…
Been doing rehab work for years so my phone is full of people who buy houses that need work. Actual buyers, people who have paid me to swing hammers on their projects. A wholesale…
Coming from renovation work where I can point at a wall I built, this model confuses me. I've been reading about wholesalers who only do dispo, and as far as I can tell they don't…
I manage 140 doors and I've been pricing out an annual condition walk on every unit, roughly $180 a visit with photos and a punch list. Two things are stopping me. First, if I hir…
A listing agent I do trim and cabinet work for asked if I'd walk her sellers' houses a week before listing and hand them a written punch list. Her pitch is that she gets fewer sur…
I've been building a list for about a year and the two best candidates I have are almost the same size and almost the same price, and the income is built in opposite directions. P…