every post in the forum, newest first
Trades background, so I've been on plenty of flips as the guy doing the work and never as the guy signing anything. Now I'm reading the other side of it and something bugs me. The…
Take a 1,500 square foot two story bought at 171, with 24 spent on paint, LVP, carpet upstairs, fixtures, and a bathroom vanity swap. All-in comes to 202 with closing and two mont…
A useful cautionary case: an investor put $50k into a 96 unit apartment deal after seeing a sponsor's materials citing 27 deals completed and $40M of transactions, which reads as…
Worth writing down how a small mezz check performs, since most of what's written about mezzanine debt is aimed at people moving ten times the money. Say a sponsor needs $1.4M behi…
Consider a small operator planning to drop three prefab units on three lots he already controls in a first ring suburb, and an investor sitting in on the manufacturer's sales call…
Here is a situation worth working through, because it turns up in every rural referral network once the volume gets real. Take five wholesalers across four rural counties who have…
Wholesaling runs on the buyer list. A list of 200 real cash buyers can move almost anything, a list of zero moves nothing. So ten people who each have twelve buyers are not automa…
I've been reading through public filings for the listed data center owners because I wanted to understand what a passive holder actually pays out of the rent before anything reach…
Two offerings arriving in the same week can look close to identical on paper and still price very differently. Both are 1990s vintage, both leased by the bed, both roughly 100 bed…
The seller's tape said 5.0% fixed on an $88,300 balance. The original note said 6.875%. That's how I found the mods. There were two of them, one from 2016 and one from 2020, both…
Take an LP two years into a $50k allocation in an open-ended private debt fund. The redemption notice says quarterly repurchases are limited to 5 percent of NAV and this quarter's…
Followup to the market summary question I posted a while back. That job happened, badly priced, and it turned into something. The original $600 became a $2,900 fixed scope once we…
My agent told me flat out that the policy on my acreage won't extend to paying guests, and that I'd need to be rewritten commercially. Fine. Then he asked what amenities I'd have…
This is the first thing I have ever looked at seriously, so apologies if the question is obvious. A 15 site campground came up at 340k. Ten sites with water and electric, five ten…
A structure worth studying: a note holder with a wrap wants cash out, and the investor does not want the whole thing. So the investor buys a partial, and what gets bought is the s…
Take a case: 12 acres, gently rolling, edge of a small town about 40 minutes from a metro. Bought at $16,500 from an absentee owner, sold on an installment contract at $27,500 wit…
Take a 14 over 3 in a mid size midwest city: 14 apartments over 6,200 square feet of ground floor split into three bays, one of them dark at contract. A listing like this is often…
Fund summaries for data center holdings often quote a distribution figure that includes a line called power and infrastructure reimbursement, which is typically the tenant paying…
From the lending side looking in, the question is what a brokerage's balance sheet and liabilities actually look like. One common claim is that a broker owner sits on escrow depos…
A brokerage modeled for a long time before finally opening is a familiar story, and what actually happens once it opens is the more useful part. Year one numbers for a five agent…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
