one click, then see the split
Anyone who wants income from apartments without taking on a second job as an operator is really choosing between two doors. Door one is LP equity in a value-add syndication. The u…
Two owner-occupant structures run against the same $340k house, three bed, 1990s, in a submarket where it rents for about $2,450 today. The quotes below are from last month, and r…
This question comes up constantly and the room splits every time, so it is worth seeing the actual count. When a borrower uses a broker on a residential loan, the broker's compens…
I've been reading both sides of this for a week and I genuinely can't tell which way to go for a first hire. The agency route: they recruit, they've already trained the person on…
Take a sponsor buying a 96-unit active adult property, ten years old, currently 93 percent occupied, in a second-ring suburb. Agency-style senior debt sits in first position at ro…
I've gone through the books of four operators this year while deciding where to put money, and the split was two and two. Two of them ran everything in a single accounting file wi…
I've been reading gap deals for a few months without funding one, and the two lenders I've talked to sort the world in opposite ways. The first one underwrites the collateral almo…
Been going back and forth on this for a couple of weeks and I can't get to a clean answer, so I'll put it up. Small metro, maybe 180,000 people, and an investor client wants motiv…
Two very different self-storage setups are worth comparing for a first-time buyer looking to make land pay without daily involvement. Both listings run around 100 to 130 units and…
I priced this out both ways this week and the gap is smaller than I expected. The platform route: a national data subscription with skip tracing bundled, call it $100 to $300 a mo…
Say a borrower needs 180k on a house he is under contract for at 205k, and he wants to close in eleven days. A full appraisal in most markets right now runs a couple of weeks and…
Two hotel offering decks can read like different asset classes on the demand page alone. One is an 80 key select service property where roughly half the room nights over three yea…
For an investor coming from small multifamily and drawn to the land-lease model, the choice usually comes down to two doors. Door one: buy a small park directly, something like 20…
A single furnished lease that comes from a chance conversation is not a repeatable sourcing strategy, and the deliberate version of corporate tenant sourcing splits into four chan…
Consider a service contractor with years of experience in and out of small commercial buildings, hearing regularly from owners who are underwater, tenants renewing at numbers that…
Say a preparer offers to take over bookkeeping for $450 a month, and drops the return fee from $2,400 to $1,900 on the reasoning that January will not be spent fixing someone else…
Two public non-traded REITs quoting distribution rates within a quarter point of each other can be running very different machines underneath. One at 34% loan to value, mostly fix…
I've been calling around asking agents what marketing work they outsource, because I'm trying to figure out whether there's a service here I could learn. Four of the six I talked…
Here is a choice worth working through. Say a lender who works the next county over offers a piece of a note at 11 percent on a 1950s three bedroom in a town of about 4,000. First…
A borrower I have known for a while asked me to look at a 40 acre parcel on the edge of a growing exurb, split zoned, no utilities to the line, and he wants a 12 month loan to car…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
