Photos, videos, timestamped walkthroughs, and unannounced check-ins are must-haves, and any PM who can’t provide that level of transparency is a problem.

It really depends on your comfort level.

National headlines are loud right now: the Office CMBS delinquency rate just hit 11.8%, the highest level ever recorded.

If you look at a proforma on a buy and hold deal, the first few years are the leanest from a cash flow perspective before rent escalations hit, so it can help you increase returns at the beginning, and you can then phase in principle paydown with the rent escalations and keep the same level of cash flow. 

The hard vs. soft pref distinction is also key since many operators don’t realize how different the control triggers are until they’re in the documents.Appreciate you adding this level of clarity to the thread.

But having no skin or money is possible and is happening among people who have established a level of trust to make it work or have a project where the ROI is worth taking the risk

Understand what the best RE strategy is for your comfort level and goals.

A part of this as an REI is ensuring you have crystal clear financials down to the property level, actually reviewing them regularly, and using them to make better decisions. 

Wages for all income levels need to catch up to prices.

But on a personal level, you’re saving a ton by living for free or at a reduced cost — it’s basically trading property cash flow for personal cash flow.Now I’m considering bringing in a private lender for my first deal, and it raised a question: 1.