The owner whose turnovers and listing photos I handle sent me the payment standard sheet from the housing authority with "1720" circled in pen. Her 3 bed townhouse has been vacant…
Pulled operating statements on a 240-unit facility to practice on. Revenue line grows 6 percent year over year while unit count and occupancy are both flat. The broker said that's…
Planning my first purchase and trying to work out the order of operations. I keep reading that off-market deals come from prospecting, and there are services that will do the call…
Five years ago I started a service business and now there are eleven of us. We rent our shop and the landlord finally named a price to sell, 950k for the building and the yard. Ba…
An operator I've met twice at a local meetup asked me for $15,000. He wants to take a lease option on a 4 bed in an inner-ring suburb, strike $295,000, 36 month option, $15,000 fe…
Two houses under contract review, one of them has to go. House A: 3,200 sq ft, 4 bed 3 bath, single story, 0.4 acre. Asking 465k. Layout gets me 6 residents in 5 rooms if I conver…
Deal on my desk: a partially built 138 lot subdivision in a metro suburb where the original developer stalled. Phase 1, 60 lots, is recorded and has roads, water, sewer, and dry u…
I have $200k I'm ready to place and two funds in front of me. I've never been in a fund before, only two small LP positions in single-property deals. Fund A: $75M value-add multif…
I've been asked for a $250k commitment to a closed-end apartment fund, $400m target, value-add and opportunistic multifamily, three year investment period with a one year extensio…
Loan on my desk: $412,000 on a 6 unit brick walkup, tired but occupied at 4 of 6. Borrower is repositioning, turning units as they vacate, exit is a DSCR refi at stabilization. As…
I got the inspector's agreement by email before he'll schedule, and I read the whole thing, which apparently nobody does. Paragraph 9 says his liability for anything, including ne…
Working on tying up four contiguous parcels at the edge of a growing small city, 31 acres total across the four, currently zoned agricultural with the comprehensive plan showing r…
I've been reading notes and paper for months and mostly staying out of equity deals, but a friend on the wholesale side asked me to look at the terms of a marketplace he's about t…
Studying for the license and one of the brokers at the office let me sit in on a 180 unit listing. The offering memorandum leads with $172,000 per unit against a "replacement cost…
Offer accepted at 296k on what the listing called a duplex. Upstairs is a two bedroom, downstairs is a one bedroom with its own entrance off the side yard. Separate electric, shar…
Reading the LPA and PPM on a $180m storage aggregation vehicle. Stated plan is 22 to 26 facilities across three secondary metros, roughly 60/40 acquisition to development, five ye…
A lender near me who does fix and flip paper offered me two ways in and I can't tell which one I'm actually being paid for. Option A: 25 percent of a single note. $400k loan, 11 p…
An operator I've done two small bridge loans with sent this over last night and wants the whole stack. Single family, 1,450 square feet, built 1978, second ring suburb of a Sun Be…
I read the buyer-broker agreement an agent sent me before I signed anything, which apparently makes me unusual. Three clauses I want plain-language help on, because I'm coming at…
Looking at an LP position in a 148 bed purpose-built property about half a mile from a mid-size public flagship. Sponsor is showing 96% pre-lease for the coming academic year and…