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17 June 2024 | 8 replies
I think 50-150 units is no mans land and we stick to institutional level sized deals. his underwriting is too simple. the unit mixes are off we only build studios and 1 beds for fast absorption, the deal is also under parked without a parking study. anyone who uses "roughly" in their analysis isn't sophisticated enough. we underwrite rent growth, asset growth, and a million other assumptions this wouldn't pass any people I know who invest in deals. get with a More experienced operator and read more sophisticated underwriting. 400k per door new construction is crazy. how much is the land?
17 June 2024 | 8 replies
I have found time is better spent building tools to quickly analyze & procure new deals, rather than hyper-analyzing the metrics of one deal, ultimately making initial review faster & more reliable (spend time on the things that make sense, quickly remove things that don't, even junior-level staff can identify good opportunities with the tools, etc).For example, if I'm modeling a SFR to 3-4 unit scheme, I can quickly check the $/sf/mo for each of my proposed units and get a good idea of the GOI without having to manually dig through & find rent comps in that City/Zip:- So instantly I know in Woodland Hills that a Studio is close to $5/sf/mo on avg, 1 Bedroom closer to $4/sf/mo, with the 2 & 3 Bedrooms closer to $3/sf/mo.
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18 June 2024 | 38 replies
My partner bought a studio, front line to the sea in Costa del Sol, initially just a warm escape from Chicago winters with no intention to make a profit.
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14 June 2024 | 1 reply
- Motion trigger activation, and I’d prefer if it would record longer than 30 seconds when triggered - The ability to download and store videos - Real time notification on my phone when camera is triggered - similar to my Ring doorbell I use at my home- Cameras record both video and AUDIO- My ability to talk to people through the cameras would be a bonus - Night vision for outside cameras a bonus- Ability to remotely swivel horizontally - and vertically?
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12 June 2024 | 20 replies
Also the one thing audio book in you tube by Keller.
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12 June 2024 | 14 replies
Or a garden shed, art studio, etc...Just a thought...
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11 June 2024 | 4 replies
I’m considering building a 120 sq ft studio in the back yard to serve as an office.
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10 June 2024 | 19 replies
The downstairs has a very large room that could become potentially a studio apartment.
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10 June 2024 | 15 replies
Ex: Rentable podcast studio, general storage, photo shoot, airbnb experience, luggage storage for people waiting to check into their STR, etc...Check out Peerspace for some creative ideas