Free Post CSP Updates Q1 2025 Fund Update: Closing in on the Finish Line Against the backdrop of exceptional tumult in America, we emerge from winter battered but not beaten. With all three sides of the triad working together: PM, VA, and GP, we take pause to consider what moment in history we're living in.
Free Post Conclusions from completing Q1 2025 Personal updates and reflections from a challenging winter. Bringing Q1 to a close, with an interlude of spring travel, before coming back renewed and refreshed.
Free Post real estate underwriting Mayfield 26 Underwriting & Deal Memo (Closing Date: 4/7/2025) Solid 26 unit in Cleveland Heights, OH for sale with a parking lot. All apartments rented to long term tenants with modest opportunity to raise rents, though maybe more upside with nicer finishes.
Free Post real estate underwriting Superior 24 Underwriting & Deal Memo (Closing Date: 4/1/2025) Massive Cleveland Heights 24 unit building is selling for $1.6m. They claim it's stabilized, but the neighborhood is rough. Profit pending what the financials look like, which were obfuscated.
Free Post real estate underwriting Lowell Arcade Underwriting & Deal Memo (Closing Date: 3/28/2025) Beautiful turnkey property in downtown Lowell, MA for sale. 51 units fully leased, close to market rents. Not sure what the value add would be on this deal (if any.) Assumable low interest rate at 2.53%.
Free Post real estate underwriting Noble Villa Underwriting & Deal Memo (Closing Date: 3/27/2025) Large multifamily in need of massive renovation at scale for sale. Property came under contract while underwriting but broker knows the other CLE multifamilies I've underwritten. Would be curious to see what the seller achieves with this property.
Free Post real estate underwriting 4 Davis Underwriting & Deal Memo (Closing Date: 3/31/2025) Ten unit multifamily building in Shirley, MA looking for value add to section 8 rental. An unusual location in the Boston metro area. What prop mgmt and renovation is required for this property to be a good investment?
Free Post real estate underwriting Burkhardt Underwriting & Deal Memo (Closing Date: 3/31/2025) Burned out CA out of state investor is offloading a 35 unit apartment building in Cincinnati, OH. There's high incentive on the property management team to perform. Building also relatively new.
Free Post real estate underwriting Violets Manor Underwriting & Deal Memo (Closing Date: 3/24/2025) Mid-turn commercial apartment building looking for an investor to finish the job. Seven of twelve units are leased at $754/mth. Can renovate the remaining four, really renovate the other seven, bring up all units to market, then BRRRR?
Free Post real estate underwriting New deal memos e.g. real estate underwriting Introducing a new type of deal memo e.g. the commercial real estate underwriting format. Also a small life update for long time readers.
Free Post Q4 2024 Fund Update: Two More Units Rented, Scaling & Annual Review Closing out on a challenging but successful year. We switched out the entire team, renovated and rented 3 apartments, and are poised to scale further in 2025.
Free Post Q3 2024 Fund Update: First Rental Success, At Last! This quarter we finished our first Cleveland rental, finally. Looking back on things learned this quarter, the goal is to eye if we can accelerate turnovers on the remaining units.
Free Post courtyard sihe partners Q2 2024 Fund Update: Rebuilding the Team As spring turns to summer, heat from the fund turns up. Renovations are completed, teams are rebuilt, and a summer intern joins for the season.
Free Post courtyard sihe partners Spring 2024 Fund Update: Growth & Growing Pains Demand for the fund has surpassed expectations and we are growing. As such, we are very much facing the usual growing pains and learning to implement new workflows to improve outcomes.
Free Post CSP Updates CSP Winter Update: Furnaces, Financing, and Evictions Four furnaces, many emails about financing, and updates on tenants in Folsom.
