Frequently Asked Questions

What type of companies do you work with? We typically work with commercial real estate investment, development, capital markets, brokerage, and corporate teams. Some of our clients are small, one-person


Basics of Affordable Housing

We speak with Bullpen freelancer and BofA affordable housing VP Edd Hamzanlui on what it takes to succeed in the affordable housing investment landscape. 


From W2 to full-time freelancer

Bullpen freelancer Asheesh Patel’s journey from full-time professional to student to freelancer points to the unexpected benefits of freelancing for motivated professionals.


Tips for your talent interview

You’ve made it to the interview stage! At this point, our Talent team has already vetted your candidate for their background and soft skills. Now, it is your turn to


What does a property accountant do?

As commercial real estate firms continue to grow and scale, it becomes increasingly difficult to keep track of the money that flows through each property in the portfolio.  For this


What does a market researcher do?

Commercial real estate is a business built on comparables.  That is to say that the prices investors or tenants are willing to pay for a property are typically based on


What does a lease analyst do?

Leases are the lifeblood of a commercial property.  The income that they produce is used to pay for a property’s operating expenses/debt service and anything left over is distributed to


What does a development manager do?

Developing a commercial real estate project from the ground up and/or performing a major renovation is an exercise in planning, logistics, and execution.  Each new project has dozens of moving


What does an asset manager do?

As the name suggests, the job of an “Asset Manager” is to manage the performance of your commercial real estate asset.  On a day to day basis, common tasks include: 


Guide to the Low Income Housing Tax Credit

When Congress passed the Tax Reform Act of 1986, it was then-President Reagan’s top domestic priority and it was a landmark piece of legislation. The purpose of the law was to simplify the tax code, reducing the number of tax brackets and lowering the top tax rate from 50% to 28%. But, that wasn’t the only major change. The law also created the Low Income Housing Tax Credit Program (LIHTC Program).


Institutional vs. Non-Institutional Commercial Real Estate

We often come across the term institutional, but what is the actual definition? I was surprised to find there is no standard definition of institutional in commercial real estate. Yet, the distinction between institutional and non-institutional is very real and recognizable, including in the way the investment is modeled and reported.


6 Steps to Scope Your Project and Win More Gigs

A project’s cost is a function of the number of hours that it takes to complete it so providing an accurate estimate is critically important. Get it right and you’ll deliver within the client’s budget. Get it wrong and you risk upsetting them.


What is a Broker’s Price Opinion (BPO)?

A broker’s price opinion (BPO or sometimes referred to as a broker’s opinion of value, BOV) is an analysis performed by a commercial real estate broker that provides an estimate of value or price for real estate.


Guide to New Markets Tax Credits

The New Markets Tax Credits program, or NMTC, is a component of the Community Renewal Tax Relief Act of 2000. The goal of the program is to stimulate investment in low-income areas. Commercial real estate developers use the NMTC program to secure advantageous debt and equity terms for developments.


3 Reasons Co-working is in Trouble

In 2010, there were 600 standalone co-working locations – today, there are nearly 50,000. We can expect that period of exponential growth to come to a grinding halt. As I


Site Visits — 3 Hidden Things Can Kill Your Deal

Site visits are a key component of due diligence and can often be overlooked. A wise buyer will dig deep on environmental hazards, ingress/egress and easements, parking, and more. These principles apply across real estate asset classes and should be considered for any acquisition.


Retail Disposition Model

There are hundreds, if not thousands, of free investment models online to help maneuver the seemingly complex world of commercial real estate valuation. Many of these models, however, are overly


A Smarter Way to Build Your Team

What is Bullpen? Bullpen connects expert commercial real estate freelancers with top companies who value time and efficiency. Like a staffing agency? Not really. Bullpen leverages its web platform to


Top 5 Real Estate Analyst Mistakes

Your commercial real estate analyst might be good, but nobody is immune to human error. Long hours and monotonous PowerPoints will cause even the most diligent real estate analyst to


Build a Low-Cost, High Performance Team

The situation … You run a small real estate investment/development organization. You have a ton of work … modeling new deals, pursuing relationships with brokers, and running your current deals.


Only What Matters: Equity Multiple

What is it? Equity multiple is the second most popular profitability metric for real estate investors and developers. How is it calculated? Equity multiple describes the number of times an


Strategies When Talking to CRE Brokers

Approaching experienced professionals as a novice in any industry can be nerve racking. Before meeting an experienced broker, master your knowledge, position, and questions. Use the following strategies when talking


Top 3 CRE Analyst Tasks

Analysts work on a vast array of tasks, but what are the top 3 commercial real estate analyst tasks? Using data collected from hundreds of Bullpen projects, we’ve compiled a


15 Step Due Diligence Checklist

Due Diligence refers to the time after signing a purchase contract that a buyer has to inspect a property. During this time the buyer is able to make a decision


5 Steps to Attract Tech Tenants

The United States accounts for $1.6 trillion of the global tech industry, which makes it the number one contributor in the world. It’s expanding at about twice the rate of overall


Opportunity Zone Teaser

Commercial real estate developers in the U.S. are eager to invest in opportunity zones (OZs), federally-designated areas where real estate investors can get a significant capital gains tax deferral. Sales in


Top 10 CRE Skills Your Analyst Needs

Commercial real estate analysts are the fingers of the industry. A good real estate analyst can be a game changer for a growing investment firm, developer, or debt/equity broker. At Bullpen,


Top 7 Types of Commercial Leases

A commercial lease governs the relationship between a landlord and a commercial tenant. There are seven main types of commercial leases, each of which comes with a different set of


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Bullpen connects commercial real estate experts and companies for on-demand work

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