An investor group approached me about buying the building my service business operates out of. Freestanding, 6,400 square feet, decent hard corner in a second-tier metro. Their of…
This is the loss post. It went fine on paper and then I ran out of money. Bought a 3 bed ranch at 244,000, 3.5 percent down FHA, so 8,540 down and about 6,600 in closing after a s…
Been going back and forth with an operator for six weeks. Small shop, three people, buys rural and recreational parcels in four counties across two states, sells most of them on i…
I've been holding land for a while and buying it the slow way, one parcel at a time off listings. The direct mail approach to absentee owners keeps coming up and I want to price t…
I spend most of my time on land and zoning, which makes this one embarrassing. I checked the wrong thing. 1970s ranch, four bedrooms, two baths, bought at $198k in a small city on…
I'm close to funding a small position in a public non-traded REIT and the subscription form makes me pick: take distributions in cash to my bank account, or reinvest them into mor…
Trying to buy my first place next year and house hacking is the only version of the math that works, but every example I read is either three roommates in a five bedroom or a dupl…
I've been underwriting rentals as a spreadsheet exercise for a while and the loan side was always "20 to 25 percent down, done." Then I started reading about house hacking and the…
The deal was a 68,000 square foot storage facility in a secondary southeast market with a 22,000 foot climate controlled addition to be built on excess pad. Portal deal, accredite…
The whole point of this purchase was income that doesn't call me at 9pm, so I bought the crop and gave away the farming. 60 acres of mature pecans, trees mostly 25 to 35 years old…
I want income, I don't want a second job. A house near me is set up with four bedrooms rented separately, about 700 a room, and the whole-house rent for the same place would be ma…
I finally have something specific in front of me instead of just theory, so I'd rather be told what's wrong with it now. The house: 5 bed 2 bath, about 2,300 square feet, built 19…
I tried to put a number on expected appreciation for a 26 acre parcel in an exurban county and got two answers I can't reconcile. Method one, county trend. I pulled fifteen years…
I'm about six months from buying one small rental and I don't want a second job out of it. Two things pulling at me. The voucher case: a big slice of the rent comes from the housi…
Working through an underwriting problem on a 12-unit that a seller describes as 70 percent voucher occupied. Contract rents average 1,180, HAP portion averages 790 of that, so rou…
I've been reading the exit posts in here and they split in a way I didn't expect. Two different disciplines, both defensible. One camp writes the trigger at purchase. Sewer gets f…
I've got a 40 site park, mostly nightly, and I'd been running it with one live on site camp host getting a free full hookup site plus 1,400 a month. On paper she cleaned two bathh…
I've been reading construction lending mechanics for a few months and the ADU version keeps snagging on the same place, which is that the money going in and the value coming out a…
Four small multifamily buildings in and I thought a single house would be the easy one. It closed 14 months ago and it has not cleared its own expenses once. House was 231k, 4/2,…
I've been reading in circles on this. One thing I read said land banking is what big homebuilders do, where they option lots from a third party who holds them so they don't sit on…