Loss
I buy things I intend to hold for twenty years and this one taught me something I hadn't priced. Two purpose-converted 8-bed homes in the same suburb, bought as a pair, $610k and…
Win
Total cost was three weekends and about $18 of gas. My state posts survey and complaint inspection results for licensed care homes online. I pulled everything for the 14 licensed…
Loss
I'm back to building a list instead of buying because the last one took 14 months and about 180k off me, and I'd rather write down why than pretend it was the market. Twelve bed l…
Loss
Last March I closed on a 4 bed 2 bath ranch in a first ring suburb, 310k, 25 percent down. The reason I bought that particular house was an operator I'd met at a local investor me…
Win
Three homes, 18 licensed beds between them, 7 occupied when I started working with the owner in March. All 18 full now with four names on a wait list that I'd call two-thirds real…
Win
I said in my intro I was planning the first purchase carefully and this is what carefully turned into. Posting it because most of what I read about this category is people running…
Loss
This closed out last month so I can write the whole thing down. Two houses, one sponsor, plan was to convert both into 6 bed licensed homes in a metro with genuinely long placemen…
Loss
$150k LP check into a recapitalization of a 52-unit assisted living community in a secondary market. Sponsor had two others like it, real operating history, decent reporting. I as…