Seller wants $159,600 for 38 acres, which is $4,200 an acre. It's been listed a while, mostly wooded, one long side on a paved county road. What I think I have. Sold comps in the…
My county planning page has two columns. One says "minor subdivision, 4 lots or fewer, administrative review" and the other says "major subdivision, preliminary plat, public heari…
Rural lake town, population under 3,000, the kind of place I like because the price points are low enough that a mistake doesn't end you. This one nearly did anyway. The property:…
Looking at a small cabin about two hours from me and I can't get my head around the management side. Everyone in the comments of everything I read says get a co-host, they take 20…
Old employer 401(k) with $310k in it. I have a side consulting income, real 1099 money, about $40k last year and probably similar this year. Three rentals held personally already,…
Working through a structure question. Say the IRA buys a $300,000 four-plex with $200,000 of IRA cash and a $100,000 non-recourse loan, so the debt-financed percentage starts near…
Two files sitting open on the same county. 18 acres inside the designated urban service area, sewer stubbed to within half a mile, asking $9,700 an acre. 40 acres about four miles…
I closed on a 3 bed 2 bath in a decent school zone two Aprils ago, 5 percent down conventional as an owner occupant. Purchase was 312,000, so 15,600 down and 7,100 in closing cost…
Running the ladder out on paper and the failure point isn't where I expected. Property one: 340k, 3.5 percent down FHA, PITI plus MIP at 2,650. Market rent 2,450. Property two tar…
A property manager in the county seat here told me she keeps two furnished units for the hospital's traveling nurses and the utility company's line crews, and she called it corpor…
Two bedroom, 900 square feet, second floor of a four unit I've owned since 2019. Tenant gave notice, moving out end of February. Unfurnished it rents for $1,500 and I have never h…
Owner of a 14 room boarding house asked me to take over management from the guy who's been running it eleven years and is retiring in September. I've got the draft agreement on my…
I own a corner lot with an old four-square that's zoned for a rooming house by right, which is rare enough that I want to use it properly. Twelve hundred square feet of first floo…
Underwriting a single parcel and the two exits keep giving me answers that don't compare cleanly. Basis is $19,400 all in on 34 acres of mixed timber and pasture with paved road f…
I frame houses for a living and I've been looking at rural parcels in two counties near me, some as cheap as $8k and some as high as $20k. Two questions keep coming up and nobody…
I got into this sideways. A guy I know sells rural parcels on installment contracts and was tracking 14 buyers in a spreadsheet with a stack of paper checks in a drawer. I offered…
I wanted the version of land investing that has no surprises in it, so I picked the smallest split I could find and did it slowly. 9.1 acres in a county about 40 minutes from a mi…
Tract is 60 acres at about $4,200 an acre, so $252k. Zoning supports 5 acre lots, twelve of them after the road takes its bite. Sold comps for 5 acre pieces within four miles are…
Three bedroom townhome, ten minutes from a hospital campus that runs a lot of contract specialists. I leased it from the owner at $1,850 on a 24 month term in early 2023, furnishe…
Somebody sent me a ground lease on a small campground to look at as practice, and I want to flag one clause for anyone new, because it took me three reads to see why it mattered.…