First house is bought and I'm living in it, so the next decision is a year out but I want to understand it now. To buy rung two I need a down payment. Two ways I see people get it…
Talking to insurance people about a tract I might split into six pieces and I got two different answers in one afternoon. My agent said raw land needs nothing because there's no s…
I manage rentals for other people, so the paperwork discipline should have been there. It wasn't. 46 acres on the edge of a growing exurban county, $9,400 an acre, $432k. Zoning w…
I bought this thing because I wanted income without picking up a second job, and the whole test was whether a room-by-room house can survive being run by somebody else. Three year…
Three units, two 2-bedrooms and a 1-bedroom in the back. The 2-beds are rented at 1,250 and 1,225, both tenants over a year, both pay on the first. The 1-bed has been empty since…
I've been looking at a fourplex and a five unit on the same street, similar age, similar rents. My agent said the fourplex is a residential loan and the five unit is "a whole diff…
There's a town near me with a private liberal arts college, maybe 1,800 students, and houses go for $140k to $180k for four bedrooms. Rents around $500 a bed. On paper that's a mu…
I've got two 8-unit buildings under contract as a package, six blocks from a regional public university in the upper midwest. 16 units, mostly 3 bed, leased by the unit rather tha…
I own land and two rentals I've held a long time, and with anything new I like to start absurdly small and see what breaks. Somebody told me a single studio near a hospital counts…
I bought 22 acres two years ago for the land. There's a 1970s farmhouse on it, three bedrooms, sound roof, working well and septic, and I've been treating it as a teardown I haven…
Sold two parcels I'd assembled, gain about $210k. Went into a QOF whose whole plan was 60 acres inside a designated tract, bought for around $2.1M, entitled for build-to-rent, pha…
I've owned a 48,000 square foot single tenant distribution building since 2016. Third generation family distributor, 28 foot clear, seven docks, decent yard. Lease was running to…
Numbers first. 31,000 square feet, built 1979, single tenant vacant at purchase, 18 foot clear at the peak of the bay and about 16 at the haunch, four dock doors with no levelers,…
I've read the FHA multi-unit path a few times now and it makes sense to me: buy up to a fourplex, live in one, low down payment because you're an owner-occupant. Clear enough. Wha…
I bought one house, half a mile from campus at a large public university that's been growing, and I've now finished a full lease year, so here's what happened. Paid $372k, put 25%…
I've been the person in this room asking questions for a long time, so here's how the first one actually went. Side-by-side duplex, two bed one bath each, built 1988, vinyl siding…
I've got a duplex with a full-height unfinished basement, roughly 900 square feet, separate exterior entrance already there. Framing a third unit down there is straightforward wor…
Here's the deal I'm looking at right now. Purchase $118k, rehab budget $42k and I'll finish close to it, closing and holding another $8k, so all in around $168k. Appraiser's ARV o…
Small two bed one bath cottage in a working class part of town, the kind with a detached one car garage that leans. I paid 96k, budgeted 26k, and thought it was worth 165k fixed.…
Bought 47 acres of dry pasture at $4,200 an acre in 2018, $197,400 plus about $3,800 in closing and survey. Flat, cleared, a mile and a half from a substation on a line that alrea…