every post in the forum, newest first
Custodians commonly quote two paths for a self-directed IRA. A basic account runs a modest annual fee plus per-asset and wire fees, with the custodian signing every document. A ch…
Take a small 1.1 acre infill lot in a first ring suburb where zoning already allows 12 units by right, purchased at 310k with a 21 day due diligence window because competing offer…
Across a range of LPAs, one pattern shows up consistently: sponsors will offer a concession, but generally only one. That makes it worth deciding in advance which protection is ac…
Take a 31 unit garden style property, bought three years earlier, paying an 8 percent preferred return quarterly. Renewal comes back 41 percent higher on premium, and combined wit…
The common claim is that bird dogging needs no license because the bird dog never owns the property or negotiates the deal. The counterpoint is that a finder's fee tied to a real…
Take a bird dog list built from driving the same four neighborhoods for months, mostly older ranch stock from the fifties. 212 addresses with photos, owner names pulled from the c…
14,000 sf flex building, four tenants, seller's rent roll showed $118k NOI. He wanted $1.35M, call it an 8.7 going in. I got it at $1.31M with a 20 day inspection and $5k that wen…
I've been underwriting a 7-unit retail strip, about 11,000 sf, seller wants $2.1M. His marketing sheet shows an 8.2 cap but that's proforma with the two vacant bays filled at aski…
Something I can't resolve from the outside, and the broker owners I've asked give confident answers in opposite directions. If you're standing up a ten agent shop today, you're pi…
I've had coffee with two crew owners in the last month and they run the same size outfit with opposite answers, so I want to see how the room splits. The first one pays $28 an hou…
The sponsor I do part time admin work for paused distributions on a 190 unit value add in the second week of the quarter. I'd been hired to keep the investor CRM tidy and to forma…
Consider a ground-up, 41-unit project in a designated tract, funded through a single-asset qualified opportunity fund with multiple investors. The plan relies on the working capit…
Talking to a manager about a value-add fund and the paperwork keeps saying commitment rather than investment. The minimum commitment is $250,000. My understanding is I sign the su…
Consider an investor being offered a 100k slot in a first time 50 million debt fund raised by a longtime apartment buyer with 20 years of equity experience but no history originat…
A useful comparison for this room: a fourplex in a small town, 4,000 people, one large employer, asking 185k, four units renting 575 to 650, gross around 29k. Against a duplex in…
This is the question that comes up most from people who have never built improvements before, and the answers from experienced developers split about evenly, so it belongs in fron…
A useful entry point case for real estate crowdfunding is a portal equity deal sized at the platform minimum, say $2,500, into a small retail strip, six bays, one vacant, in a sub…
Consent-to-dual-agency and designated agency forms from brokerages in two states read very differently against each other once compared line by line, because the marketing languag…
Numbers first, then the part that nearly breaks this kind of plan. Take a six facility portfolio in secondary markets in one state, assembled as two separate deals about seven mon…
A case worth studying from the tenant side of mixed-use, since the risk here rarely gets discussed compared to the owner side. A developer finishes a small building, eighteen apar…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
