I run 6 units in the Tulsa metro and have used two different agencies since 2021. Every proposal I get now includes retargeting as a line item, usually $400 to $600 a month on top…
Has anyone actually gotten counsel to draft language that pins this down, or is vagueness the point?
Six week ADU permit timelines circulate constantly, and they are worth taking apart before anyone budgets against them. The version that keeps coming up is a San Jose owner who su…
The stack diagram puts pref between the senior debt and the common equity, and that feels intuitive, like a queue. Senior gets paid first, then pref, then common. But the queue on…
Take a $200k allocation and two places it could sit. The first is a preferred equity position in a 20 MW build to suit in Gainesville, Virginia. Senior debt is $180M, total capita…
Take a 62 lot park in Rockford, Illinois that moves lot rent from $395 to $440 in January. One tenant threatens to move out. Most operators laugh that threat off, and the arithmet…
Here is a structuring problem worth working through, because institutional buyers raise it more often now. A private equity group out of Austin sets up a sourcing arrangement on s…
Trying to figure out if that doubles my startup time before I can collect a dollar. Looking at a 4 bed in Providence and the licensing office told me each room needs its own inspe…
Consider a HAP contract dated October 3rd on a unit where the tenant took occupancy August 19th. That is six weeks of rent the owner cannot bill anyone for, because HAP does not b…
I had a rural property in Blount County, Tennessee, 37-acre parcel, cabin sat about 800 feet off the county road with no formal street address assigned, just a parcel number and t…
Rents are $875 and $850, so $1,725 a month gross. One tenant has been there since 2019, the other moved in eight months ago. The roof was replaced in 2021 according to the paperwo…
Acquisition was $187,000 in Albuquerque's South Valley, 3.5 down, FHA, closed in February. At the time Zillow and Rentometer were both showing comparable 3-beds renting between $1…
Found out when the seller texted me asking why two people were calling him about the same house. My partner's story was that my contract had expired, which it had by four days bec…
I've got a six-unit building in Sacramento, two ground-floor bays zoned live-work, and I can't figure out if I'm pricing them like residential or retail. The current tenants are u…
Under contract on a duplex in Spokane, $187,000 purchase, and I have been so focused on the 12% hard money rate that I basically ignored everything stacked behind it. My lender sa…
Twelve years of appraising and I still can't settle this for myself. I've got a 3-bed in Maplewood I'm thinking about carrying, asking $279,000, and two interested buyers. One has…
Here is a scenario worth working through, because it comes up constantly for capital that wants to stay passive. Deal one is a $1.4M estate in Scottsdale already under contract by…
I inherited a small rental house eighteen months ago and I've been going back and forth on whether to sell it or keep it. Part of what's been pulling me toward keeping it is the i…
Watching deals get assigned in this room and I genuinely cannot tell what number ends up in the actual assignment agreement. Like if I lock a house at $80k and sell the contract t…
Take a 22 key boutique in a market like Asheville. The seller is motivated and a lease option structure is workable, but the management agreement the current owner signed runs to…