The Deal Flow

In this episode of The Deal Flow, Spencer Schelp speaks with broker-investor-exchanger Jason Dillard of DPHRE about a unique $1M industrial-secured note structured to generate steady income — and how Jason intends to use it to trade into larger value-add opportunities nationwide. The note pays $5,000/month , includes a $400k payment in 2026 and a $600k balloon in 2030 , and is secured by a 200,000...

In this episode of The Deal Flow , host Spencer Schelp talks with Josh Kirby of Stanbrough Realty about Woodland Meadows Apartments — a 49-unit multifamily opportunity in Des Moines, Iowa with strong value-add potential. Halfway through renovations and roughly 50% occupied , the property includes $150K in on-site materials (flooring, cabinets, appliances, etc.) ready for the next owner to complete...

Host Spencer Schelp welcomes back Josh Kirby of Stanbrough Realty to discuss a 56-unit multifamily portfolio in Cedar Rapids, Iowa — located less than two miles from downtown and across the Cedar River in a strong workforce housing corridor. Built between 1983 and 1991 , the asset includes seven 8-plex buildings totaling 56 units — 40 two-bedroom (~900 SF) and 16 one-bedroom apartments. The owner,...

Host Spencer Schelp talks with Josh Kirby of Stanbrough Realty about a rare small-market portfolio in Ottumwa, Iowa — a three-building mixed-use property held by the same owner for over 30 years. 💰 $1.8M ask · NOI ≈ $166K · Free & Clear 🤝 Seller Financing: 15–20% down · 5-year term · interest-only possible 🏢 Includes: • 4,500 SF Nucara Pharmacy (2005) • 12,000 SF 6-unit strip center (1968)...