Six weeks in, so this is early, but the part I was scared of is done and I want to write it down while I remember the details. 1970s three bed two bath in a small city about 50 mi…
Eight units, brick, all one and twos, I own it free and clear and have for six years. Gross scheduled rent is about 96k, NOI last year was 58k after real management and real capex…
I've got a mixed-use building I'd sell tomorrow if the buyer could get a loan. He can't, he's self-employed two years and every bank wants three. He asked about owner financing an…
I have a paid-off three bedroom rental on a 7,200 square foot lot in a permissive jurisdiction, renting at $1,850. I also have about $190k of cash that has to go somewhere this ye…
The sheet says: data center ABS, 5 year, investment grade rating, secured by long term leases to investment grade hyperscale tenants, target coupon in the mid 5s. Then underneath…
Closed this out in the fall and it cost me about $2.4m of principal plus roughly $180k of carry and legal, so I've had time to work out where it actually went wrong. The loan was…
A delinquent tax notice landed in my mailbox in March. The county still had me as the mailing address from when I owned the place, so a bill for a house I sold two years ago came…
I care more about documents than properties, and on my first BRRRR that turned out to be the useful trait. Small two bed house, bought at 96k, rehab budget 34k. Before I signed an…
I do the work myself, mostly, which is why the numbers on these looked good to me in the first place. Framing, tile, trim, drywall if I have to. I sub out the panel and the HVAC.…
I've had 15 acres on a county road since 2016. Taxes are $310 a year, I do nothing to it, I drive out twice a year to walk the lines. The 5 acres behind me is landlocked. No road…
Running a small service business means my capital shows up in irregular lumps, and I've got one now that I don't want in the market. Two things in front of me. First, roughly 300…
First rental is close and I've read more about screening than about anything else, so of course I have a version of this question nobody I ask can agree on. The standard long-term…
First property. Side by side duplex, 289,000, closing in three weeks. Unit A is vacant and freshly painted, unit B has a tenant who's been there nine years. Here's what I know abo…
The pitch I keep running into is that multiple units means one vacancy doesn't wipe out your income, and that sounds obviously true. But three houses on three streets seems more s…
Looking at taking a piece of a single house deal and the financing doesn't line up with the operating plan. Purchase price 420k, it's a 4/2 with two bonus rooms converted, so six…
I have a 4 bed 2 bath under contract in a older neighborhood about a mile from a community college. Closing in three weeks and I still haven't decided how to lease it. Whole house…
I'd like the option that actually sells without drama, and I'm stuck between two ways to spend the same $12,000 on a first parcel. Option one is cheap and remote. Something like 4…
The collateral line in the offering read "first priority security interest in 100% of the membership interests of the borrower." I read secured and stopped reading. Nobody was sec…
Appraisal came back at 2,850 an acre on a 420 acre pine tract, and the split inside it is where I'm stuck. Bare land 1,650, standing timber 1,200. The cruise puts merchantable vol…
Looking at a 90 acre parcel listed with a timber cruise attached. The listing says something like 40 acres of merchantable pine plus the rest in younger growth. My assumption was…