Win
Posting this because the process was more useful than the outcome and I'd have wanted to read it two years ago. I had $60k that wasn't going into a property. Looked at four reside…
Loss
I put 400k into an open-end debt fund in late 2022. Weighted average LTV on the tape was 63, average coupon 10.4, mostly bridge and a slug of construction. Target net was 8 to 9.…
Win
The coupon on this fund was 10.25 percent net. I put 35k in because of one loan on the tape, and that loan is the reason I'm writing this. The fund is residential and small commer…
Win
I've been hunting a specific kind of parcel for about two years, 40 to 80 acres, road frontage, within an hour of a growing secondary market. That money has to be liquid because w…
Win
I own three parcels I intend to hold for a long time. They generate no income and they cost me property taxes, a mowing contract on one, and liability insurance. About 7,400 a yea…
Win
I've been circling the investing side of this industry for about a year without a clear idea of where I'd fit, and the amount of money I have available is small enough that most d…
Win
I came into this from a completely different line of work and had no chance of buying a property with what I had saved. 25k, no local market knowledge, no time to renovate anythin…