Notes on workforce housing, markets, and investing with care.
This is where we share what we are seeing in Pierce and Snohomish Counties, how we think about operations and risk, and the practical details of investing in private real estate, from K-1s to self-directed IRAs. If you would like these notes by email, join the list. If you would rather talk through a specific question, book a Discovery Call.
Why We Invest in the Pacific Northwest, Not the Sun Belt
Sun Belt apartment markets drew a wave of capital and a wave of new construction. Here is why we stayed in Pierce and Snohomish Counties, what the current data shows, and the trade-offs we accept by investing here.
Fixed-Rate Agency Debt vs. Bridge Loans: Why We Only Use One
The loan behind an apartment building can matter as much as the building itself. Here is how fixed-rate agency debt and floating-rate bridge loans differ, what happened to bridge borrowers when rates rose, and why we only use one.
Investing in Private Real Estate With a Self-Directed IRA or Solo 401(k)
Retirement money can often go into a private real estate deal through a self-directed IRA or a Solo 401(k). Here is how it generally works, and the IRS rules on prohibited transactions, UBTI, and debt-financed income.
How to Vet a Real Estate Syndication Sponsor
When you invest passively in a syndication, you are hiring the people who will run the building for years. Here are the questions worth asking any sponsor, including us, before you commit.
How a Multifamily Syndication Works for Passive Investors
A syndication is a group of investors pooling capital to buy a property with an experienced operator doing the work. Here is how it works from start to finish.
Passive Real Estate Investing: Syndications, REITs, Funds, and Owning a Building Yourself
Many investors already believe real estate belongs in their portfolio. The harder question is how to own it: through a REIT, a private fund, a single-property syndication, or a building you run yourself.
What Is Workforce Housing? A Puget Sound Investor Guide
Workforce housing gets used a lot and defined very little. Here is what it means, who lives in it, and why demand in the Puget Sound stays so persistent.