every post in the forum, newest first
A sponsor I've been tracking is syndicating a $3.1M mezz piece behind a $9.8M senior on a grocery anchored strip in a secondary market. Minimum is $250k and I'd be taking one unit…
A recurring structural question in private credit vehicles: an offering memorandum will often carve mezzanine loans out of the REIT sleeve and route them into a parallel vehicle,…
Two brokers in the last month have come back to me with the same message, which is that my quote is no longer competitive. I have been holding at 11.5% and 2 points with a 70% cap…
Take a landowner with about 160 acres of hay ground twenty minutes off an interstate exit in the southeast. A land representative knocks in the spring, comes back with an attorney…
Working out what passive hotel exposure should actually look like for me, and the two structures I keep landing on behave completely differently in a downturn. Structure one, own…
I've got a furnished 2 bed coming available in three weeks, 30 day minimum, mid-size market with a hospital and a decent amount of corporate traffic from two plants. My margin on…
Full gut on a 2,100 sf two story, 148k of scope, and I was chasing a listing date because the agent had a broker open on the calendar. Punch list was at maybe 30 items when I let…
Two conversion theses circulate right now and they argue for the same strategy from opposite directions. One rests on basis. Secondary office is distressed, delinquency is elevate…
Short version of a wrap in case anyone else is where I was two months ago. A wrap is where the seller keeps her existing mortgage in place and writes me a new, bigger loan on top…
Take a 1962 ranch, 2,100 square feet, purchased at 240 with hard money plus a rehab facility, previous owner had started a renovation in 2019 and stopped. With half the drywall al…
I've done a few lighter flips, paint and kitchens mostly, and I've been using the 70 percent rule the whole way. Max offer equals 70 percent of ARV minus repairs. Worked fine when…
I've been planning this purchase for over a year and financing was the part I was most afraid of, so I want to write down what actually happened. Small three bedroom, $268,000 pur…
Most adaptive reuse writing centers on downtown Class B office towers and floor plate depth, which is not very useful for the far more common case: a closed bowling alley, roughly…
Take a careful first deal on a two story masonry storefront in a small city downtown, retail on the ground floor vacant for four years, second floor old dentist offices with a dro…
This is a decision worth thinking through carefully before a first live-in flip purchase, well before a specific house is even chosen. On a live-in flip the owner is the one livin…
Raw land, three parcels, no income at all. What actually moves through the accounts in a month is a property tax payment, an occasional mowing invoice, sometimes a survey or a tit…
I've been shooting turn units for a couple of small landlords and the occupied ones are where my process falls apart. One owner wants media 30 days before lease end so he can pre-…
Reading a buyer representation agreement for a first small rental and the compensation page has a line I didn't expect. If the firm ends up representing both sides, the buyer side…
A common fork for newcomers to assisted living real estate is landlord versus operator, and it is worth laying out both sides plainly. Option A, be the landlord. Buy or convert a…
I'm two weeks into opening a self-directed IRA and I've read the fee schedule four times. There's an annual account fee, a per-asset holding fee, and a transaction fee each time m…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
