Originally posted by @Jay Hinrichs:Originally posted by @Marcus Auerbach:I don't see builders ever catching up at least not in the short term what's happened with covid was not a real estate crash but a huge crash to the supply chain and price of components which has risen the cost to build a home significantly and land prices keep rising. 

Well Steve, I can't speak for your experience, but, the majority of multifamily and commercial deals, that I look at, if they have any kind of obvious upside and/or value add component have deal sheets, marketing packages, and/or OM's WITH pro-forma.

All of the components of construction, I left off land.  

Several things I got out from it1) related to questions#1 & #2: What was striking to me was that Mindset is such a big component.

I'd recommend that you chat with a mortgage broker for confirmation and make sure that your income (with a commission component) has been properly recognized.

You need experience and connections for that component.

My strategy (which I'm still working on) is to buy and hold large multifamily's that can be or are professionally managed (so that I'd be managing the manager, rather than tenants) and have a value-add component.

I'm glad you were able to recover some of your losses, but it does remind me that the contract dissolution component is just as important as the daily operations component.

The cost of debt includes two components (1) rate and (2) volume. 

There is a vertical position ( buying now) and a horizontal ( future) component to success.