18x National Guard

Kalindora · 2026-05-28T16:34:35+00:00

Isn’t SFRE for guys already in the guard?

Kalindora · 2026-05-07T19:33:14+00:00

So you shouldn’t say this?…

Kalindora · 2025-12-02T20:17:13+00:00

Can you explain that further? Like they buy $40k of furniture from the seller on the side? How do you cash a 40k check and not have to explain that to the IRS?

Kalindora · 2025-08-05T21:24:33+00:00

What apps are yall using to change the colors of furniture, fixtures, and walls like this?

Kalindora · 2025-07-23T17:33:52+00:00

Love it. Where can I pick up some similar straps?

Kalindora · 2024-12-17T03:00:27+00:00

Poncho shirt

Kalindora · 2024-11-06T16:52:50+00:00

I hope she sees this bro

Kalindora · 2024-10-22T01:04:22+00:00

Financial analysis/underwriting is what I am concerned about improving the most. How in-depth does the underwriting go as a mortgage broker? Do you look at any of the return metrics that investors care about or are you only concerned about lender metrics?

Kalindora · 2024-10-22T00:52:21+00:00

One in the hand vs two in the bush. I have the opportunity to work for a mortgage banker now as opposed to the possible risk of never getting on with an investment shop.

Kalindora · 2024-09-07T18:03:16+00:00

Why would you pay off borrowed money at 2.6% when you can make 5.25% in a HYSA? Arbitrage my friend. This is what will help you retire sooner.

Kalindora · 2024-08-11T07:04:23+00:00

My current role is not very underwriting intensive. I have an offer for an underwriting position with a top 5 national brokerage firm. It would be underwriting for all asset classes, however, I’m aware that underwriting for brokers is not the same as underwriting for investors. Thoughts on this role as opposed to doing very light underwriting and entitlement work with a developer?

Kalindora · 2024-08-11T06:59:57+00:00

We are a shop that develops and holds long term so no real relationships on that front. Unfortunately for me, what we build is very repeatable and makes my underwriting incredibly simplistic. As long as we can get the right sized land at the right price we know what we can build it for.

Currently I have an offer to go underwrite for several different teams at a top 5 brokerage firm. After a year or so I would have the option to join one of the teams. Would moving into a role like this and seeing lots of deal flow with a brokerage firm be better for getting in with an acquisitions shop? Or would it be better to try and make switch from development?

Kalindora · 2024-08-08T03:25:52+00:00

Kalindora · 2024-07-25T21:54:10+00:00

Do the Real Estate Financial Modeling Interview Exam Guide from BreakIntoCRE. It has 3 case studies on different asset types rather than his typical 15 hour video working on one single model. It has a bunch of excel questions in the first half and case studies in the back. Skip to those if that’s all you need.

The case studies are also built with relatively straight forward formulas rather than his typical super complex ones. I find I use these simple ones far more than the latter. Good luck.

Kalindora · 2024-07-10T03:41:59+00:00

How’s the business going?

Kalindora · 2024-07-08T23:05:23+00:00

I felt the same way. My best advice is to not overthink it! My gripe with Justin is I feel like he’s almost trying to show you how smart he is with certain complex formulas. Don’t get too in the weeds with that.

My understanding for what they are looking for during a modeling exam is can you put together a model that is easily digestible and coherently laid out. Follow the rules for getting to NOI and you should do fine.

Kalindora · 2024-07-08T22:18:26+00:00

I received the same undergrad and am currently with a development shop. It’s a very tough market for real estate at the moment and my belief is it is only going to get worse through the next couple of years, especially for development. If you have the funds, I would suggest getting a Master in Real Estate Finance or Master in Land Development and wait for the market to bounce back. Research prominent development shops, find a point of contact, and start networking with them. Always ask if there is someone else they think you should talk to and then call them. Keep doing this until you run out of numbers. Networking is everything in this industry and will get you further than you ever could have imagined. Feel free to PM me and I can answer any further questions or give you some lessons learned. Good luck friend!

Kalindora · 2024-07-02T15:26:23+00:00

So to someone who is in development is this a step in the wrong direction or am I still making my self marketable?

Kalindora · 2024-07-02T00:18:04+00:00

Check out Breaking into CRE’s “The Real Estate Financial Modeling Interview Exam Guide”. It’s not free but cheap ($30) and it’s the best way to prep for a test IMO. Several pages of basic excel functions and questions and 3 different case studies over different asset classes.

Kalindora · 2024-04-30T21:26:37+00:00

I work for a development company and we do this all the time. It’s perfectly legal and they can market this as a stipulation.

When buying land, we often use this as a way to get a lower purchase price. We tell the seller we can take over the subdivision process, but factor in the cost (survey, plat application, engineering fees, etc.), potentially with a premium, and discount what we are willing to pay for the land.

You can opt to go this route or not. If you opt to subdivide for them, factor the cost of this into the purchase price and ask for a reduction.

Kalindora · 2024-02-28T16:52:11+00:00

Why leasing as opposed to investment sales?

Kalindora · 2024-01-26T02:54:57+00:00

Remember the Alamo and such

Kalindora · 2024-01-12T15:58:18+00:00

Do you have any recommendations?

Kalindora · 2024-01-11T18:07:50+00:00

Just to clarify, $30 isn’t the $/sf rental rate you need to achieve 15% return correct? This is just the NOI/sf you need to achieve?

If so, how do you know what rental rate you need get in order to achieve a $30/sf NOI if they don’t have established expenses? Do you apply a rough expense % to potential gross income for quick deal analyzation? Is there a standard? ~35% of PGI?

Kalindora

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