Twelve links.
Zero filler.
Every Thursday.
Cap rates, syndication deals, 1031 exchanges, and off-market sourcing — each annotated with a take that saves you three hours of forum scrolling. For investors who already own a few doors.
4,200+ investors reading
Cap Rate Analysis
The 5-Cap Illusion in Secondary Markets
✏ Why the math looks right but the deal doesn't.
Syndication
Reading a PPM Before You Wire
✏ The three clauses that actually matter.
1031 Exchange
The 45-Day Identification Window
✏ How experienced investors avoid the panic.
Pinned from past issues
The Clippings Board.
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Marcus & Millichap Research
#41Market Analysis
Secondary Markets Are Repricing Faster Than Anyone Predicted
✏ The spread between asking and closing prices in Sunbelt secondaries tells you more than the headline vacancy numbers. Read the footnotes.
Green Street Advisors
#43Cap Rate Deep Dive
The 6-Cap Fallacy: What Compressed Yields Actually Signal
✏ Everyone quotes going-in cap rates. Sophisticated buyers are modeling exit caps two cycles out. This piece shows you how.
BiggerPockets Pro
#44Syndication
How to Read a Waterfall Before You Wire: A Practical Guide
✏ Most LPs skip straight to the preferred return number. The promote structure buried on page 34 is where sponsors make their real money.
The Real Deal
#451031 Exchange
Inside the 45-Day Identification Window: What Goes Wrong
✏ The investors who blow their exchange aren't careless — they're unprepared for how fast the clock runs when you're also managing a close.
CoStar Group
#46Off-Market Sourcing
Direct-to-Owner Campaigns That Actually Convert in 2025
✏ The data says skip-tracing works. The practitioners say the script matters more than the list. This piece has both.
Nolo Legal
#47Entity Planning
Series LLC vs. Individual LLCs: The Real Tax and Liability Math
✏ Your CPA will tell you what's legal. This piece tells you what's optimal when you're managing five or more doors in multiple states.
Who reads this
Past the beginner content.
Digest isn't for the person who just discovered real estate. It's for the professional who owns a few doors, reads balance sheets, and wants to make their next move with confidence — not guesswork.
Marcus Webb
Pharmacist · Tampa, FL
3 doors → scaling into small multifamily
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Jennifer Castillo
Project Manager · Denver, CO
2 doors → evaluating first syndication
"The waterfall breakdown in issue #44 saved me from wiring into a deal I didn't fully understand."
Dale Norris
Retired Firefighter · Boise, ID
1031-ing out of a duplex → 16-unit
"Nobody covers the 45-day window like Digest does. That's where exchanges go wrong and the newsletter knows it."
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Anesthesiologist · Charlotte, NC · 5 units
I forwarded the debt structuring issue to my attorney. She said it was the clearest explanation of DSCR she'd seen written for a non-lender. That's the bar.
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Civil Engineer · Portland, OR · 8 units
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Software Engineering Manager · Austin, TX · 4 units
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