Six full-cycle exits, average 22 percent IRR, 1.9x average equity multiple, holds between 2.5 and 3.5 years. Every one of those exits happened while cap rates were compressing, an…
Closed a flip three weeks ago, $118k net after everything. My next acquisition is probably 8 to 14 months out because the wholesalers I use have gone quiet and I'm not paying reta…
I bid $164k to redo roofs, 26 guest bathrooms, and replace eight through-wall HVAC units at a small independent lodge near a state park. Seasonal place, exterior corridors, family…
Underwriting is my day job, and this asset class has never come across my desk, so I'm asking the entry-level question deliberately. Every hotel deal that crosses my desk is $8M a…
Sorting through this from the lending side, so tell me where my math is off. Guy owes about 214k on a loan at 3.1%, house would list somewhere near 290k. He said he wants 75k for…
Posting this because I looked for someone who'd actually had a loan accelerated and found mostly people saying it rarely happens. The deal: 1978 three bed, seller relocating for w…
I found a listing for 5 acres priced at $500 down and $289 a month, no credit check. My first rental is coming up and I've spent weeks on tenant screening, so seeing a seller hand…
Sent 600 letters to absentee owners in one rural county about two hours from a mid-size city. Got back a call from a woman who inherited a parcel from an uncle in the 90s, has nev…
I'm about to carry paper for the first time on a small parcel, 68k price, 14k down, so a 54k note at 8% over 15 years with a balloon at year five. Everything I've read is about wr…
I'm building out a management offering aimed at house hackers who moved out and kept the rooms rented individually, plus a few owners who never lived there and just run five-bedro…
I've got a spreadsheet going for a duplex in the $300k range, FHA, and every time I think it's finished I find another cost. Right now I have down payment $10,500, closing costs s…
Small town, population under 5,000. There's a side by side duplex at $92k, both units rented, roof looks newer. I called the lender I got preapproved with and was told they don't…
Side by side duplex, both units two bed one bath, built in the fifties. Contract at 342k. Appraisal came back at 331k and I sat with that email for about an hour before I understo…
I've been looking at land and holding patterns for a while and I want something that pays while I wait. Retail keeps coming up, and the two shapes I can actually afford look compl…
The two numbers everyone repeats are the oldest boomers hitting 80 in 2026 and senior housing inventory growth running around 1 percent in 2025, the lowest since NIC started track…
I've been going back and forth on this for months and I want to see where the room splits. The pitch for vouchers is that the government portion arrives regardless of what happens…
Nineteen weeks on a 4 unit building, all of it underwriting, none of it closing. Walked away two weeks ago. Writing it down because the thing that killed it was not on my checklis…
$150k LP check into a recapitalization of a 52-unit assisted living community in a secondary market. Sponsor had two others like it, real operating history, decent reporting. I as…
I've been sitting on the sidelines and the language in every offering memorandum I read is basically the same now: supply wave is over, vacancy has peaked, absorption catches up,…
I've held this parcel for eleven years. It's zoned for multifamily by right, sewer is at the property line, and I've had three inquiries in the last decade and none of them seriou…