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From the desk:Data Centers (Passive Hold)

Two routes into data centers. Neither tells me what I'd own.

I've got about $150k I want to put toward this sector and two routes on my desk, and after three weeks of reading I still can't articulate the difference in what I'd actually own.…

marcus_hale41CG4AAnswered5 replies

Story

In a leasing office on a Saturday, concession is the word you hear, not lease

A friend manages a 340 unit property and said I could sit in the leasing office on a Saturday if I wanted to see what the job actually looks like. I've been poking around the serv…

derekj19SB1B14 replies

DiscussionListing Content (Agent / Broker Marketing)

Two teams are 60% of this marketing shop's revenue

Looking at putting money into a small agent-marketing outfit and the revenue mix is bothering me. Roughly $40k a month recurring. Two brokerage teams are about 60% of that on annu…

sonia_alvarez Get yoursPRO6Answered3 replies

WinListing Content (Agent / Broker Marketing)

$680 on better listing content for a rural house that had sat four months

A small house I'd been trying to help a relative sell, three bedroom one bath on 1.4 acres in a town of about 2,800 people, listed at $118,000. Four months on the market, six show…

13Llaurenkim53PassiveAnswered5 replies

DiscussionMixed-Use Properties

What does a taqueria with a fryer downstairs do to my insurance?

Corner building from the 1930s, five apartments over two storefronts. One storefront is a taqueria with a fryer and a hood, the other is a dry cleaner drop-off. My whole backgroun…

nicole_adeyemiPassivePRO14Answered11 replies

From the desk:Mixed-Use Properties

First LP deal is mixed-use. How do I read the retail half?

A friend from work put me in front of a sponsor doing a mixed-use redevelopment and I've got the offering documents open. $50k minimum, and I have questions I'd be embarrassed to…

chriswalton8CC1CPRO15Answered10 replies

DiscussionAgricultural Land / Farmland

Tile the wet 40 myself, or pay the premium for ground that already drains

Two farms, same county, eleven miles apart. I've walked both twice and I keep flipping. Farm A is 155 acres, asking works out to about $7,900 an acre. Roughly 40 of it holds water…

omar_haddadActivePRO175 replies

From the desk:Public REITs (Capital Deployment)

One shows 7.4 percent yield, one shows 3.4. I picked wrong for the wrong reason.

Opened a brokerage account last month with 9k in it. Two REITs on my shortlist. One shows a 7.4 percent dividend yield and the other 3.4. I assumed the higher one was simply bette…

megan_doyle15 Get yours9 replies

DiscussionPublic REITs (Capital Deployment)

Annual running cost of a REIT sleeve, fund fees and data included

I have been building spreadsheets for months instead of buying anything, and part of it is that I cannot pin down the running cost of doing this properly. What I think I understan…

luis_carrera Get yours4 replies

DiscussionDual Agent

Seller financing on the table and the same agent sits on both sides

I'm looking at a small mixed use building where the seller wants to carry most of the price. Price is basically fixed already, he told me his number twice and hasn't moved off it…

raj_mehta14CapitalPRO1322 replies

DiscussionFix and Flip (Cosmetic)

340 MLS rows later, should I even be looking on the MLS?

My spreadsheet has 340 rows in it from the MLS, and after running the 70 percent rule on all of them, exactly four ever penciled. Both of the ones I offered on went to someone pay…

jordan_ellis2ActivePRO92 replies

DiscussionJV Wholesaling

Half the fee to a partner sounds insane until I price a dead deal

Renovation is my day job and I'm working out the acquisition side. Two different wholesalers here have offered the same arrangement: I find the seller and lock up the contract, th…

omar_haddadActivePRO175 replies

From the desk:JV Wholesaling

JV partner wants transactional funding costs off the top, I want them off his half

Contract signed Tuesday on a 3/1 brick ranch in a working class pocket, 1,100 square feet, seller is out of state and wants out. My number is 142k. My JV partner on dispo has a bu…

carlos_nunezActive9 replies

DiscussionMultifamily Development

Entitled site in hand. Do you break ground into the trough or sit on the dirt

I look at small markets and low price points so my numbers are a fraction of what most of you work with, but the question is the same shape everywhere and I'd like to see where th…

19Llaurenkim53Passive2 replies

DiscussionForeclosure / REO Investing

Paid data feed, county records by hand, or just be the person the REO agents call

I have been pricing sourcing tools and the spread is wide. The national subscriptions with daily updated default and auction data run from about thirty dollars a month for somethi…

derekj19SB1B2 replies

DiscussionFix and Flip (Full Gut)

My spreadsheet has one cell that says rehab, which is the problem

Working out what my first deal actually costs and I've got a single cell that says rehab, with 140 in it. Someone in another room told me that cell should be three numbers, not on…

aliyah_bAU2APRO9Answered3 replies

DiscussionFix and Flip (Full Gut)

Do lien waivers per draw actually protect me from the GC's subs, or just from the GC?

Working through the paperwork side of a heavy rehab before I ever fund one. Say 160k of rehab released over six draws, a GC with four regular subs plus a lumber and a cabinet supp…

19Ddmitri_v6CapitalPRO7Answered2 replies

DiscussionMedical Office Buildings

Parking count or the doctor's specialty, which one screens a small medical building faster

A broker sent me a one page flyer on a 7,000 sf two story clinic building in a suburb I barely know. Four suites, three leased, an asking price, a rent roll with three lines on it…

17NnataliehsuSO1BPRO1016 replies

DiscussionHouse Hacking

Renovate the basement first or buy the building that already has the second unit

I gut and rebuild for a living, so I lean toward buying the cheaper house and building the rental unit myself. A basement apartment on a house I already own costs me materials plu…

omar_haddadActivePRO170 replies

DiscussionSection 8 / Government-Assisted Housing

Screening a voucher applicant: same income test, or lean on references instead?

First rental closes in three weeks and I've been writing my screening criteria down so I apply the same ones to everybody. The income rule I drafted is three times the rent in ver…

paulgrant17PassivePRO70 replies

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