I was doing this to build the down payment for the first rental, and I wanted the practice of looking at houses without the risk of owning one. It didn't work, and the reason is s…
Nothing clever about this one, it just closed, so here's how it actually went. Seller was an estate, three heirs, wanted done. Contract at 88k. Cash buyer I've sold to twice befor…
Finished and closed a 24-month live-in flip in a mid-size midwest metro, and then I did the accounting I'd been avoiding. Headline version: bought 195k, spent 61k over two years (…
I did this in the wrong order and it cost me about $5,300 over four months, so writing it down while it still stings a little. What I spent: $1,188 prepaid for a year of a propert…
This is the first time I have funded the buy side of a luxury deal instead of just reading somebody else's package, so the numbers are the interesting part. Property was a 5,900 s…
I run a junk removal and cleanout operation, mostly for estate attorneys and property managers. In February I quoted a hoarded 2 bed in a small mill town, maybe a $118,000 house f…
This is a small one but it's my first contract so I'm writing it up. I'd been driving a couple of older streets after work with a notes app, writing down anything with a full mail…
First one, done, tenant in, refinanced, and it cost me about 22k more than my spreadsheet said it would. All of it came from time. The house was a 1950s three bed in a working cla…
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…
28 unit garden-style, three buildings, 1978, secondary southeast market. Broker had it lightly marketed and it had already been under contract once and fallen out. I went in on th…
This is a small one and it is the least exciting deal I have ever done, which is why I am posting it. Land, no house, no tenants, no rehab crew. A regional bank ended up owning ab…
I proposed this in March expecting to be laughed at. The agent I liked was pricing at 2.5 flat, and about half of what I was looking at was coming out of my own scraping of assess…
Numbers first. 31,000 sf multi tenant industrial flex, four tenants, small southeast market with a real logistics story. Estate sale, listed for seven months with a residential br…
Spent seven months building what I thought was a real disposition operation. 214 names in the CRM, 61 of them tagged as verified, which for me meant proof of funds seen in the las…
Contract at 74k on a 1,400 square foot two story in an older streetcar neighborhood, roof was near end of life and I priced that in. End buyer at 98k, cash, contract signed, fundi…
I do service work, so I'm walking through houses all week, and the idea of finding deals for the investors I already know seemed obvious. I asked nine of them if they'd buy a disc…
This was a bank-owned two bed plus a converted attic room in an inner-ring suburb, on the market 71 days with two price cuts. List was 164, I offered 141 with proof of funds and a…
I've spent years underwriting, so I figured this would come easy. I treated it as a test with a budget and a stop date, which is the only decision I'd repeat. Budget: $14,000 acro…
28 unit new build in a designated tract, opened partly leased in early 2024. I quoted the management contract off the operator's pro forma, which had stabilization at month six, 1…
I'm writing this as somebody who did the entire buildout of a business that never took a client. The plan was a small independent shop, eight to ten agents, in a suburban market w…