Grey Oaks publishes market commentary and deal anatomy written for investors doing diligence. Coverage includes what actually happens when a multifamily deal underperforms, cumulative versus non-cumulative preferred returns, cost segregation, self-directed IRA mechanics, and why the firm is not buying in particular markets this year.
Insights
Multifamily investing researchMarket commentary and deal anatomy.
Written for investors doing diligence, not for search engines, which is why search engines tend to like them.
What actually happens when a multifamily deal underperforms
Distributions get cut before they get suspended. Holds extend before capital gets called. Here is the full sequence, in order, with the language your sponsor will use at each stage.
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Building a five-deal limited partner position on $250,000, paced by vintage
Five deals bought in one year share one entry environment. What pacing across vintages costs, and what it buys in liquidity and tax.
$100,000 three ways: a syndication, a rental you manage yourself, and an index fund
Compared on liquidity, time, control and leverage. Including the tax threshold that removes the usual argument for real estate from the people most often sold it.
What a syndication's depreciation actually offsets, and what it does not
A limited partner’s share is a passive loss. It offsets passive income, not your salary, and the statute says so in one sentence.
Cost segregation, in the order your CPA will ask about it
What the study does, when it is worth commissioning, and why the first-year benefit is a deferral rather than a saving.
Nine questions we would ask a sponsor before wiring
The list we hand to investors doing diligence on us, unchanged, including the two questions most sponsors cannot answer.
Charlotte absorption is strong and the pipeline is heavy. Both are true.
Reading a market where demand and supply are simultaneously at the top of the national range, and what it does to underwriting.
Cumulative versus non-cumulative preferred returns
One word in the operating agreement that decides what happens to your pref during a suspended distribution.
Investing through a self-directed IRA without tripping over UBIT
Custodian timelines, the debt-financing wrinkle, and the fair market valuation letters you will need every year.
Why we are not buying in Tampa this year
A market we like structurally, priced for a recovery that has not arrived. The case against, in full.
Your K-1 is late. Here is what is actually happening.
The partnership return chain, where it breaks, and how to file an extension without guessing at numbers.
Reading a rent roll and T-12 like an underwriter
Loss to lease, concessions, bad debt and other real numbers buried inside an operating statement.
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