Loss
Spent 19 months and $84k on an entitlement I never got
Wanted to write this while it's still fresh because I did almost everything in the order the books say and it still didn't work. I optioned a 1.1 acre parcel in a first-ring subur…
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Multifamily development is the ground-up construction of apartment buildings, from small five-to-twenty-unit projects to large institutional complexes.
Log in to followWanted to write this while it's still fresh because I did almost everything in the order the books say and it still didn't work. I optioned a 1.1 acre parcel in a first-ring subur…
A sponsor I underwrite for had a 96 unit deal that died in early 2024. Land was tied up, plans were 60% done, and the yield on cost was 5.4% against exit cap assumptions in the lo…
Small one, 1.1 acre infill lot in a first ring suburb, zoning already allowed 12 units by right. I paid $310k, closed with a 21 day due diligence window because there were two oth…
I've been on this forum saying I'm building a list and not buying. Still true on the buying part. I did just close an option and I think the terms are worth writing down because t…
I'm new to most of this and I came in as a small LP, so the credit here belongs to the sponsor. But I read every document on this one twice and I want to write down what actually…
Writing this for people at my level, which is the level where you read the deck and think you understand it. Two and a half years ago I put $75k into a 60 unit ground-up apartment…
Finished lease-up on this in the spring so I can finally talk about it with real numbers instead of projections. The project: 22 units, three stories, walk-up, surface parked, woo…
This is a loss with no closing statement, which is maybe why nobody writes it up. Early last year I had a small ground-up under contract. 9 units, 3 stories, wood frame, in an inn…