An article calls mezz a second mortgage, another says it isn't
Two things I read that don't sit together. One article described mezzanine debt as basically a second mortgage on commercial property. Another said the mezz lender doesn't get a l…
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Two things I read that don't sit together. One article described mezzanine debt as basically a second mortgage on commercial property. Another said the mezz lender doesn't get a l…
Been reading notes for a year and this is the first time the paper is mine, and of course it's the paper that's the problem. House is a 1,650 sq ft two story in a first ring subur…
Curious about the service side of this and this keeps coming up when I talk to people. If you buy a house that's half torn apart and you live in it while you fix it, what policy a…
I've been hunting a specific kind of parcel for about two years, 40 to 80 acres, road frontage, within an hour of a growing secondary market. That money has to be liquid because w…
I have room for one more note this quarter and two candidates that price to almost the same number, so the choice is really about which risk I want to hold for the next several ye…
Two office LP packages on my desk and the entire difference in outcome is a rent growth assumption I can't verify. Deal A is a prime building, 210,000 sf, 88 percent leased, in-pl…
A group of four wholesalers in my county have been feeding each other leads for about a year. Three of them work day jobs. They contract maybe 2 to 4 houses a month between them a…
I'm building a buyer list right now, about 40 names, mostly from county records and a couple of local meetups. Someone in a group chat invited me into what they called a micro-who…
Been rotating 90k of a taxable account into REITs since spring and I've made a mess of the data center piece specifically. What I did: bought a position in one large data center n…
My little service business has some cash sitting there doing nothing useful. Everyone I ask about real estate starts talking about down payments and I don't have 60 thousand dolla…
Dead deal, 84 units, and the money is gone. Writing it down while the sequence is still clear. Purchase price $9.4m. First quote from the senior lender was 65% of cost, so $6.1m,…
I do trim and cabinet work and lately two of my flipper clients have started asking me to "make it show ready" after punch list, which so far has meant me borrowing my sister in l…
Trying to sort out vocabulary before I embarrass myself on a call. I've seen the same thing called a buyer list, a dispo network, a deal marketplace and a platform, and I honestly…
Ran dispo for a wholesaler on a 3/2 in a working class suburb, contract at 148k, comps supporting 215k, moderate rehab. Fee to be split was 14k, my half 7k. Best deal I'd touched.…
Came from the construction side, so I know how to look at a house and price the work. The investing paperwork is new to me. I've got a seller lead through an old GC contact, tired…
Small farm town, population under 4,000, roughly 50 minutes from anything with a hospital. I've been mailing owners of low price point houses out there for a while because nobody…
Syndication LP investing keeps coming up in what I read, and I keep running into the accreditation requirement without understanding it well enough to know if I clear it. What I t…
The deal I'm looking at is small, a rural manufactured housing community, minimum check 50k. The subscription docs came as a 94 page PPM, an operating agreement, and a subscriptio…
The insurance binder came back at 17,400 nine days before closing against the 9,600 I had in the model, and for about 48 hours I thought four months of work was gone. Shape of it.…
Contract on a 6 unit brick walk-up in a second ring suburb, 610k, 21 day close. My own buyer list is 340 names and I have closed with maybe nine of them. Sent it Thursday, nothing…