it finished, here is how it went
Here is a case worth studying, because the loss sits in a line most people never model. Take a $215,000 three bed in a decent suburb bought inside a traditional SDIRA. $112,000 of…
A small failure mode, and one that rarely gets described, so it is worth laying out as a case. Take an investor who sells a rental in early 2024 with a gain of about $50k. Moving…
Worth writing down because everything I'd read about this strategy assumes you get to the closing. A seller was breaking up a small tape and I bid on three files out of it. To mov…
Total cost was three weekends and about $18 of gas. My state posts survey and complaint inspection results for licensed care homes online. I pulled everything for the 14 licensed…
Closed on 40 acres of mostly wooded ground with road frontage, 240k, in a county two hours from where I live. Compensation structure: flat 6,500 to my broker, agreed in writing be…
I lent 50k as a second position note into a BRRRR on a small single family, 12 percent, interest only, 12 month term, repaid from the refinance. Monthly interest arrived on time e…
A guy I had done subcontract work for bought a 1958 ranch, three bed one and a half bath, in a decent working class pocket. Purchase 168k, his money, his loan. I did the rehab: fu…
Building a buy list for room rentals runs into the same wall repeatedly: four bed houses are easy to find, but knowing which ones can legally be rented by the room is a separate p…
Three previous BRRRRs left me with capital stuck in all three. This one didn't, and the difference was almost entirely that I underwrote the after repair value low on purpose and…
A cautionary pattern in rural land flipping: 40 acres, half pasture half scrub, in a county where a given parcel might trade only a couple times a decade. A seller says she inheri…
Worth studying: a twelve bed licensed assisted living purchase in a small metro, 1.35M, 30 percent down, bought with the operations as a going concern. Eleven residents at close,…
I'm going to lay this out simply because I understood almost none of it at the time and I suspect other people reading are where I was. A friend I've known 15 years owns a 210-uni…
Consider a 110 key select service hotel near a regional airport, $23M capitalization, $8.1M equity raise. An investor coming in for $400k is often large enough to get a conversati…
I do most of my work on the due diligence side and I was tired of competing on listings with people who move faster than I want to. So last spring I did the opposite of shopping.…
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…
A useful screen for net lease is contract rent per square foot divided by an estimate of market rent per square foot for that building in that submarket if the credit tenant vanis…
Consider a buyer who spends 2,410 dollars over several months and ends the stretch owning nothing. House one, 179k, 3/2. Inspection comes back with an active roof leak and a panel…
Still pre-first-deal on my own account, but I've been the finder in a four-person group for six months and this one actually closed, so here's the shape of it. I got a tired landl…
First note I ever bought and I want to write down what happened while it's still embarrassing. Performing first lien. UPB 54,300, coupon 9%, payment 497, 31 months of on-time paym…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
