I've been trying to figure out where I fit on the service side of this business, and last week a guy I know through a contractor friend asked if I'd "handle the project" on a spec…
I've spent three months talking to people who make money around bank-owned property rather than owning it, and I want other eyes on whether the volume supports what I'm sketching.…
The house came to me last year, small 2 bed 1 bath in an older part of town, no mortgage on it, nothing to pay off. I had it under contract at 185k and the buyer's lender turned h…
I've been driving a couple of older neighborhoods on weekends and writing down houses that look neglected. Peeling paint, tarps on roofs, mail piled up. About 90 addresses so far.…
Five guys work for me in a small service outfit, and I've been paid to fix other people's rentals for years. Now I'm about to own one and I've talked myself into two opposite answ…
An operator I met through a local meetup asked me for 110,000 as a second position loan behind a 240,000 first. Interest only at 10%, two year term, one year extension option. Pro…
I sold a small timber parcel last fall and have about $140k that isn't doing anything. My default is more land, but I've been reading a ground-up industrial flex deal on one of th…
I have 18k sitting from a settlement and the first rental doesn't close for another five months, so I've been reading about public non-traded REITs as a place to put part of it in…
14 months into the current one. 1,100 sq ft bungalow, bought at $228k, about $41k in so far, and the remaining work is exterior and one bathroom. Comps say $340k finished. My wife…
Triplex under contract at 585k, small city, all three units occupied, 2 bed each, rents 1,150 / 1,150 / 1,275. My fourth deal and the first one where the report actually scared me…
Closing on my first rental in five weeks and I got offered a $50k slot in a 128-unit deal that's the same money as most of my down payment. So I actually read the operating agreem…
A local owner I've done CAM cleanup work for wants me in on his next one. Structure as pitched: I put in $60k cash, I run leasing and day-to-day management for the JV at a market…
I've been building a list of pref opportunities rather than buying anything yet, and I finally have two live term sheets on comparable assets that I can put side by side. Both are…
First rental closes in five weeks, a 1970s three bed in a decent school zone. I've spent more time on screening than on the purchase and I've written criteria I'm happy with: inco…
The first rental is still four months out and I've been filling the wait by working a small pre-foreclosure and code-violation list in one township, partly to learn the market I'm…
Someone I met through a local builders group is raising a small opportunity zone fund and asked if I'd help "make introductions" to people who might have capital gains. He mention…
Under contract on a 30,000 square foot former grocery anchor in a tired strip center, small city, $1.1M. Building is single story, 1987, steel frame, clear span, 22 foot bays. Pla…
First time reading a commercial purchase agreement rather than a residential one, and it's a different animal. This is on a small industrial flex building, 14,000 feet, two tenant…
Small park in a county of maybe 9,000 people, two hours from anything. 18 lots, 15 occupied, all homes owned by the residents. Lot rent is $215 and hasn't moved in six years per t…
3 bed 1 bath in a small town, $118,000, roof has maybe three or four years left. At the walkthrough the seller mentioned the tenant has a Housing Choice Voucher, has been there fo…