every post in the forum, newest first
A common situation in thin rural markets: a single title and abstract office serves the entire county, and their fee sheet on a modest purchase, say $68,000, includes a search fee…
A seller I've been talking with is carrying a $180k note at 9% on a house he just sold. Someone in another conversation told him his yield might be 11%, or might be 6%, depending.…
The house came to me last year, small 2 bed 1 bath in an older part of town, no mortgage on it, nothing to pay off. I had it under contract at 185k and the buyer's lender turned h…
Take someone driving older neighborhoods on weekends, noting houses that look neglected, peeling paint, tarps on roofs, mail piled up, and building a list of maybe 90 addresses. A…
A useful way to understand how the legal picture around assignments has shifted is to look at how a disciplined operator actually documents compliance. Rather than a general answe…
48-lot park, city water on a single master meter, no submeters at the pads. The P&L the broker sent shows water/sewer expense of about $1,900 a month and a separate line called "w…
Take a 96 lot manufactured housing community, 91 occupied, tenant owned homes on all but four, bought at $3.4M in a secondary market. City water on a master meter, city sewer, pri…
Picture an operator who runs a small service crew, has been paid to fix other people's rentals for years, and is now buying their first rental. The house is 190,000, 3 bed 1.5 bat…
I've held raw land for years and never had a tenant, so the fee mechanics are new to me. A manager quoted me 10 percent and I assumed that meant 10 percent of the $1,700 rent, so…
Say a seller owns a rental free and clear and would rather have a monthly check than a pile of cash to redeploy. A buyer's agent tells the seller to ask for 20 percent down minimu…
Writing this out because everyone told me owner financing was the easy way to sell and I believed them. Background for anyone new like I was. Seller financing means I sold the hou…
Two structures on the same kind of office asset produce fundamentally different risks rather than just different returns. Structure one is all cash: a 78,000 sf building bought un…
Take a scenario where an operator asks for 110,000 as a second position loan behind a 240,000 first, interest only at 10%, two year term with a one year extension option. The prop…
Nightly rentals have a full stack: channel managers, dynamic pricing, smart locks. A 12 month lease needs basically a lease and a rent portal. Mid-term rentals sit in between, and…
I sold a small timber parcel last fall and have about $140k that isn't doing anything. My default is more land, but I've been reading a ground-up industrial flex deal on one of th…
Take two offerings on the same platform, same asset, from the same sponsor. One is senior debt at 9 percent fixed, monthly pay, 24 month term. The other is common equity in that b…
Take two buildings in a small market three hours from anything institutional. First one: 1985 build, 22 foot clear, four dock doors, 19,000 square feet, one tenant paying rent tha…
I've been sitting in on scope walks with two different crews this spring and they price materials risk in opposite directions, which makes it hard for me to tell what normal even…
Working through a public non-traded REIT prospectus, the share class mechanics on Class T don't reconcile cleanly at first read. Class T typically carries a 3.0 percent upfront se…
I have 18k sitting from a settlement and the first rental doesn't close for another five months, so I've been reading about public non-traded REITs as a place to put part of it in…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
