live deals, numbers on the table
A pattern worth working through. Say a buyer with capital keeps getting sent deals where the wholesaler wants $18,000 to $24,000 on top of a $310,000 to $340,000 acquisition range…
Sitting on a deal right now where this is the thing I can't get comfortable with. Single-tenant QSR pad, 8 years of term left, operator is a 34-location franchisee with financials…
I keep running the math on a 2-bed cape in West Roxbury, asking 489k, ARV probably 615k if I do the kitchen and both baths right. At 70 percent of 615 minus maybe 55k in scope, my…
The equity is there on either path, so this is a timing question rather than a capacity one. Take a house bought for $224k in Raleigh, a March appraisal at $310k, about $18k of wo…
Say a content provider prices a first service package at $375 a month and an agent responds that it is less than her Canva subscription with the add-ons. That lands strangely, bec…
That is the number worth stopping on, ahead of the IRR projection and ahead of the zone location. Sponsor fee 1.5 percent, asset management 1.25 percent, fund admin 0.6 percent, a…
Driving two zip codes in Polk County for the last three weeks, specifically 33803 and 33815. I pull up to a boarded window or a tarp on the roof and I write the address down, run…
One of my cabins needed a full gut last spring and I ended up using a local flipper I'd been watching for about two years. Smart guy, good instincts, always came in close to his n…
The gap in a case like this gets blamed on vacancy, and here vacancy is not the problem. It runs around 9 percent against the 12 percent modeled. It is the room-turn cost. Underwr…
The income producing piece matters a great deal to hard money lenders, which is where surface lots get interesting. Many small lots run on month to month parkers with no leases, s…
That line is worth taking seriously, because what never really leave looks like up close is rarely what the phrase implies. Picture two small clinic buildings in the southeast, bo…
A question a sharp CPA will raise when reviewing syndication K-1s is where the interest actually lands when a deal is structured as a wrap. The payor's interest deduction and the…
Take a 64 bed purpose-built property near a mid-size state school in Ohio, listed at $890 per bed per month. That includes a rooftop deck, a coworking lounge, package lockers and…
Happened twice now in the same zip code, 76011, both times the client changed the max ARV he'd accept after I had the seller locked at a number that only worked inside his origina…
A question that comes up more than people admit. Take a small four over one in Łódź, roughly 420 square meters of residential above a single ground floor bay, priced around 2.8 mi…
Here is a situation worth working through for anyone teaching a rate sensitive model. Picture an educator who ran two cohorts in 2021 and early 2022 teaching a long term rental mo…
Paid $890 for a full package on a townhome in Garfield Park, Chicago, closed in November. Professional copy, floor plan graphic, the social tiles, everything. Unit sat 47 days and…
Here is a scenario worth working through. A mobile home park fund closes at $22M in 2021 and deploys into eight parks across Oklahoma and Arkansas. The deck says value add, mostly…
I'm looking at a 4 bed in Riverside County, washer and dryer hookups in the garage, no machine. Do I buy the machines, charge per load somehow, or just bake a flat $40 a month per…
Take a $340k position in a non-traded REIT, 22 months in, paying 5.8 percent on a stated NAV of $10.12. The repurchase window opens in q3 and is capped at 5 percent of NAV, so the…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
