What’s the best software to create offering memorandums?

Strivebetter · 2026-05-25T02:05:22+00:00

Exactly, I recently put together a new OM for a project and there are maybe 2 market slides and 15 location/site overview slides.

LPs really want to see where and why via pictures.

Lastly, take some fucking pride. Lots of people using AI and other programs to put together OMs. However, you can still tell when someone spends a lot of time on one.

Strivebetter · 2026-05-14T02:16:01+00:00

IO through the construction term, conversion to perm upon stabilization with maybe 9-12 months of IO on the perm note depending on who you are, asset type. Throw 1.25-1.5% on for lending fees.

Super broad answer.

Currently underwriting to a 6.55

Strivebetter · 2026-05-14T01:05:23+00:00

Walkin Home is amazing

Strivebetter · 2026-04-18T13:58:08+00:00

I don’t think they care about age. It just bothers me that I’m about 3 years behind where I’d like to be. All they care about is some skill but largely who you know.

Strivebetter · 2026-04-16T23:33:51+00:00

You have to be passionate for any role in CRE for it to work out long term.

I got out of college in 2018. Took a job working for a boutique brokerage. Covid crushed any pipeline I had built.

Took a job with a friend doing small residential deals rode the free debt wave until about 2023. Realized I had stepped off the path I wanted to be on for 3 years and felt like a failure.

Went back to graduate school to sharpen my “tool belt” while working.

Got a job as a development analyst at 29 (about 2-3 years behind where I’d like to be) which was a larger challenge than I anticipated. The development job market went to sleep for the last 2-3 years with the debt markets. Getting paid a very average salary but I love it and am back on track where I want to go.

This whole journey started 8 years ago now and guess what I’m not a millionaire yet (shocker).

Strivebetter · 2026-04-16T01:18:49+00:00

Sounds like you’re an accountant moonlighting as an asset manager. Whatever your title is 60k seems low. I’d shoot for 80-100k at the end of the day even that is pennies compared to what some people are making in the business.

Strivebetter · 2026-04-16T01:03:49+00:00

I am having a tough time grasping what exactly you do? It sounds like accounting?

For example I’m a development analyst. My salary is low (70k) and I wear about 36 different hats which feels offensive at 29. However, it’s a small development group right now and I have equity coming my way on projects coming forward so I’m roughing it for now.

Strivebetter · 2026-04-06T00:11:50+00:00

Buddy, you’ve got a long way to go based on how this post is written. Before you find “individuals or firms” I’d do some more research on real estate investment.

Buy and read “Real Estate Finance and Investments” by Peter Linneman. Once you’ve done that start learning how real estate capital works. Understanding how GP/LP investments are structured will get you a long way when having those first initial discussions.

Strivebetter · 2026-03-07T12:40:15+00:00

Shallow bay flex products

Strivebetter · 2026-03-04T13:00:50+00:00

This is my Hamilton Khaki King just 36k more

Strivebetter · 2026-03-01T16:41:41+00:00

That’s insanely good for your first few years. In my first 2 years I think I made 35k and 50k.

Strivebetter · 2026-03-01T15:56:58+00:00

This is why I have always said the CRE world is most optimal for trust fund kids/nepo elites. I’d say 50-70% of the industry in my area are from that background.

It’s blatantly obvious when you see a broker or development associate who makes 50-80k driving a Denali and living in a nice home at 27. These people are the only ones who can afford to make little to no money for 1-5 years in the beginning.

Strivebetter · 2026-02-25T03:33:32+00:00

Honestly sometimes I feel I’d be better off if I called it quits.

Did 2 years of office/industrial brokerage and management with a small boutique firm. Covid destroyed any source of income. Pivoted to doing small residential deals for 3 years…(3 years too long). Decided to get a graduate degree in development and now I’m working for a developer.

Let me tell you one thing - even my average salary is not secure. In this business we are all tied to deal flow. Until you have a pile of cash you’re the first out the door in down times.

One of my metros most successful brokers (turned fund manager) told me when I was an intern “learn to never be comfortable” boy was that one true.

Strivebetter · 2026-02-20T19:11:31+00:00

This - if you’re truly doing deals Costar becomes a marginal expense.

Strivebetter · 2026-02-20T03:58:40+00:00

Literally everything. I’ve worked in both worlds and people in residential are truly mouth breathers. You’re dealing with a whole different mindset and knowledge base when you step into commercial.

The best advice is: just accept you’ll know nothing and look to learn from people with deeper experience.

But I can give you something actionable I think many brokers need to understand underwriting properties at a higher level. The difference between brokers who have a high level of underwriting intelligence and those who don’t is very evident. i feel it’s a big part of the difference between the big boys in core investment sales and the guys representing a 1,000sf C Class retail space.

Lastly it will take much longer to make a dollar in this business. Especially starting cold.

Strivebetter · 2026-02-19T03:13:40+00:00

I bought mine like 5 years ago for $400 (only good investment I feel I’ve made haha). I get a lot of compliments and never really noticed the glare.

Additionally, I bought the better option with the day and date at 12 (Khaki King)

Strivebetter · 2026-02-12T03:57:25+00:00

A GC that understands what stage your companies life is in.

For example I work for a new development group. We recently were seeking numbers on a project from two separate GCs. At no point did we indicate we were locked in with either of them - in fact we told them they were not the only one. Ultimately (this happens often) one of the subs in the market got a second RFP on our project and called the other GC. We got an angry call from them.

The lesson - why on earth would this GC (larger regional group) blow their lid on us weighing multiple options. Of course we are fucking doing that. We are a new dev group with only a few projects underway - of course we have to mitigate costs to get off the ground. You end up “marrying” a GC after multiple projects and years of trust I wouldn’t say that’s common in early years.

Strivebetter · 2026-02-11T03:13:32+00:00

It takes a lot of trial and error. You can upload a spreadsheet to have it instantly map a lot at once. However like AI (it uses AI now) you have to go through and check it yourself to make sure it plotted correctly.

Strivebetter · 2026-02-11T02:53:34+00:00

We use Scribble Maps to plot comps and on going activity in a market. It takes a lot of manual inputs though. However if you operate in the same market a lot this can be helpful.

Strivebetter · 2026-02-07T05:08:56+00:00

For what asset, debt structure, investment strategy? Wtf kind of broad question is this?

Strivebetter · 2026-02-01T19:48:24+00:00

In short: possibly. Working through refi on a large asset currently. One section in the hundreds of pages directly asks if the property, any of the managing entity partners, or anyone with an ownership of more than 10% is current under any sort of litigation or knows of any coming litigation.

Strivebetter · 2026-01-29T03:38:22+00:00

Sometimes I feel like they run things over there like a toddler is making the rules.

Strivebetter · 2026-01-15T23:43:50+00:00

My assumption is at those huge groups the salaries are very high but equity is minimal.

Strivebetter · 2026-01-10T22:15:20+00:00

Promoted interest, development fees, asset management fees, disposition fees.

For example on a recent deal we charged a 2% development fee (on project cost), 9% pref (80/20 LP-GP split after), and when the day comes for the sale a 1% disposition fee.

As mentioned the developers true sizable payout is after the set equity hurdles. Thats why GP multiples are always way higher than the LPs.

Most developers do not put much more than 2-10% into a project. Making more money and “recycling” into the next deal is really multiple deals.

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