Our county rewrote its ADU rules last spring and the new text is 26 pages. I read it because I was curious, and then I made a two page plain summary: what sizes are allowed by lot…
After five years running a service business, the thing that finally moved my balance sheet wasn't the business. It was solving a parking problem badly enough that I had to buy dir…
I move slowly on purpose, so paying someone to speed up the front end seemed like the one place spending money made sense. It didn't work and the reason is in the agreement I sign…
Finished this one last spring, so I've had time to be calm about it. Bought a 1963 ranch, 1,450 square feet, 246k, 3.5 percent down. Plan was to live in it 12 to 14 months, fix it…
First JV I did was 50/50 and I earned exactly half. I brought a signed contract and nothing else, and my partner did the buyer work, the title chasing, the extension negotiation,…
First one I wrote the scope myself off YouTube and a lot of opinions. Went 41 percent over budget. Second one I did something simple. Before I closed, I paid a listing agent 500 t…
Seven lots on 31 acres, new 1,100 foot gravel road to county standard, cul-de-sac bulb at the end. I've built roads for other people for years, so this was supposed to be the part…
First deal, and I want to write it down while the numbers are still exact. 8,400 square foot single tenant retail box, auto parts style user, secondary market in the upper midwest…
First one done. 7,200 sf end unit in a 1990s light industrial condo park, 16 foot clear, one dock and one grade door, small office up front. $520,000, so $72/sf, in a park where t…
I ran lifestyle and activity programming for a 240-unit active adult community under a two-year service agreement. Fitness classes, resident clubs support, event calendar, three s…
This is a small one. $25k into an eight tenant office and flex building, roughly 34,000 sf, single story, in a suburb where a lot of the tenants are contractors and small medical.…
I mostly do long holds and land, so this was outside my lane and it shows. I ended up with two contracts I didn't want. Infill lots, one 1.1 acre and one 0.6, in a growing small c…
I've got parcels in a rural county where the drone quotes were running $600 to $700 each because the pilot has an hour and forty minutes of drive each way. Three separate bookings…
Still not buying anything. Reading. But something clicked and I want to check whether I've actually got it or just think I have. The thing I kept getting stuck on was why anyone w…
I do renovations, so I figured the operating part was the easy part. Five units, two duplexes and a single family, all freshly turned by me, average rent $920. Full management quo…
I spent years running renovation crews, so I thought the one edge I had as a lender was reading a scope. That is exactly the thing that cost me. Deal was a 1930s four bed in a sol…
18 acres of mixed hardwood in a county where the year round population is under 9,000. Seller was an out of state heir who had never seen it and had been paying $190 a year in tax…
Small thing but it changed how I think about my own time. Tenant of three years moved out of a two bedroom. Unit was okay, normal wear, but the oven and the bathroom needed real w…
A sponsor I underwrite for had a 96 unit deal that died in early 2024. Land was tied up, plans were 60% done, and the yield on cost was 5.4% against exit cap assumptions in the lo…
Bought at 291 in a metro that ran hot through 2021 and 2022. 1,900 square feet, 2004 build, everything sound. Scope 34k of paint, flooring, fixtures, kitchen counters and applianc…