I've got roughly $400k of long-term gain coming off the sale of a minority interest in an operating company. Two funds in front of me. One is closing on a current-zone development…
110-key select service hotel near a regional airport, $23M capitalization, $8.1M equity raise. I was in for $400k, which was big enough that they'd talk and small enough that I ha…
Working through the valuation section of a public non-traded REIT and I want to know how much weight the NAV can carry. Monthly NAV, independent valuation advisor reviewing apprai…
Building a comparison sheet and I want somebody to break it. Non-traded NAV REIT, quoted distribution rate 5.5% on NAV, sponsor's own materials suggest low single digit NAV apprec…
I hold two land parcels that produce nothing but tax bills. The house was supposed to be the thing that paid those bills, so last year I bought a 4 bed 2.5 bath in a 1990s subdivi…
Small position in a 1990s suburban office, 48,000 sf, three tenants, parking at 5.1 spaces per 1,000 sf. The thing I did before investing that I hadn't seen anyone else do: I aske…
Not buying yet was the plan for most of last year, so I built a screen and ran everything through it. Posting the screen and the deal that finally cleared it, because the eleven p…
I have spent 2,410 dollars this year and I do not own anything. House one, 179k, 3/2. Inspection came back with an active roof leak and a panel the inspector wanted an electrician…
Parcel is $240k, seller will carry at 6.5% with 20% down, interest only, quarterly payments around $2,600, balloon at year five. He's firm on the five years. My growth thesis on t…
Our storage yard lease runs out in March. We are paying $1,450 a month for a fenced half acre with a container and gravel, and the landlord has already floated $1,700. Over ten ye…
I've been going back and forth on this for a week and I can't land on it. The wrap I keep looking at as a model: seller owes on a loan around 4 percent, sells at a higher price, c…
This split my last two conversations and I still don't know where I land, so I'll put both cases down as fairly as I can. The setup for anyone new. Subject-to means the deed comes…
What I keep going in circles on, after six months of research and no deals, is which end of BRRRR to shop from. One way to look at it: the discount is where the money is made. You…
Fourteen months of looking, one purchase. Posting the numbers because the part I got right and the part that nearly killed it were both about the license, and I didn't expect eith…
Closing statement came back last month so I have the real numbers now. Bought a 31-lot park in a small industrial town, 28 occupied, all tenant-owned homes, lot rent $265 against…
Seller sent me the standard lease he uses. It has the lot number, the rent, a line about pets, and a signature block. That's it. Nothing about who maintains the water line running…
This is my first split and I did the underwriting from listings because that's what I had. My state is one of the roughly dozen where sale prices aren't public record, so the coun…
A wholesaler in my area is marketing houses where you take the deed and just keep paying the seller's existing mortgage. To me that sounds like using someone else's loan without a…
Small town, population under 4,000, about 40 minutes from anything. 3/2 on 5.1 acres, well and septic, built 1996. Seller inherited a job transfer she can't refuse and is two paym…
Talking to two owners this month who run the same size portfolio and hold cash in opposite ways. The first funds each house separately. Every property has its own account with rou…