I'm working out what a first deal costs me, and parks keep coming up as the thing with the best numbers. Low expenses, tenants who can't afford to move, demand going up when the e…
The lease is 2,400 square feet at 1,900 a month, three year term, personal guarantee, plus about 400 a month in utilities and insurance based on what the landlord's other tenant t…
We run a small service crew and I've been pricing out adding staging as a second line, mostly for two flippers we already do work for. Called our broker to ask what would change o…
The paperwork nobody reads is where this turned up. A buyer who takes roughly two houses a month wants me sourcing only for them in three zips, in exchange for first look on every…
I've been doing tile and some light plumbing for a guy who flips maybe six houses a year in my area. Last week on a walkthrough he said, half joking, if you find me another one li…
Page 14 of the HOA docs says no lease shorter than six months. That single line is the only reason I haven't written an offer, and I've now read it four times. The property is a 2…
Mid-term rentals keep getting pitched to me as the safer version of Airbnb, and the claim everywhere is that if you set your minimum stay to 30 days you're not a short term rental…
I run two vendors against the same two counties, pre-foreclosure plus high-equity absentee. Vendor A bills $1.10 per contracted contact, vendor B $0.95. I finally pulled both supp…
Client signed a twelve month agreement in January, verbal plan was to go from two dedicated callers to six by March. They were already 62 percent of my revenue at two seats. At si…
Two numbers in this room don't fit together for me. A single family appraisal is $300 to $600, and AVMs or property condition reports already sit on something like 35 to 45 percen…
Under contract on a 1,280 square foot house on 6 acres in a county with maybe 90 arms-length sales a year. Contract price 148k, cash-out purchase money loan behind it, so the lend…
I've been reading deal memos to understand how private money actually sizes industrial risk, and the same argument keeps showing up in the risk sections without ever getting resol…
28 unit garden-style, three buildings, 1978, secondary southeast market. Broker had it lightly marketed and it had already been under contract once and fallen out. I went in on th…
Story
About a mile and a half from my nine units there's 300 acres of soybeans that a developer wants to turn into three big single story boxes. I showed up at the county hearing with a…
I've narrowed to two mortgage REITs and they are almost opposites, which is the problem. Name A is agency heavy. Government backed mortgage securities, so credit loss is close to…
I've got a brokerage account and I'm looking at putting a small slice into this corner rather than buying a rental. Two things I can't pin down. First, is there a real minimum, or…
Turns and light rehab are what my small crew does, mostly for other people's rentals, and one of the brokers I work for sent me a 7-unit as a pocket listing before it goes up. 7 u…
Something I ran into on a 9-unit in a secondary market that I haven't resolved. The guide logic is that at five units you're valued on NOI and a cap rate. That's how I underwrote…
I hold LP positions in nine syndications plus two note funds and I wanted one place to see deal flow, sponsor communications, distribution history, and where the tax documents wer…
I'm about a month from funding and I have two versions of the same purchase in front of me. Version one, the custodian takes title directly, deed reads as the custodian FBO my acc…