Current rent roll: 10 occupied, average $850, so $8,500 gross. Nine of the ten are month to month and under market. I figure $1,050 is achievable after a $3,500 turn, and the two…
Two deals on my desk in the same secondary metro, both offered to me as a co-invest alongside a sponsor I've met twice. Deal A, extended stay, 118 keys, built 2016, no PIP require…
I've got 40k in cash set aside for crowdfunded real estate and I've been circling it for about six weeks. Two candidates on my list. Platform A is a pooled fund, roughly 1% annual…
Note one: 54k, 11 percent, matured last month, borrower paid off clean. Note two: 42k, 11.5 percent, 4 months left, same borrower, secured on a rehab in a small market where the e…
Been driving the same four neighborhoods since October, mostly older ranch stock built in the fifties. My list is 212 addresses with photos, and I've pulled owner names off the co…
One of my longest-running clients has been buying apartments for 20 years. He's now raising a $50M debt fund, his first, and offered me a slot at the $100k minimum. I've never inv…
This is not the first rental I planned on. I was looking at duplexes and a seller called about a two-story brick building on the main street of a town of about 6,800 people. Four…
Been looking at land plays for two years and this is the first syndicated one I've taken seriously. 310 acres on the growth edge of a mid-size western metro, currently agricultura…
A seller I've traded emails with for a few months sent me a tape of nine defaulted first liens and said I could cherry-pick one instead of taking the whole pool. I've only ever bo…
Two flippers I've done mechanical work for both asked me to take whole rehabs this year instead of just my scope. Between them that's maybe 11 houses, average scope $70k to $95k,…
A sponsor I have been introduced to twice is raising for a land banking vehicle and I have the deck and a draft PPM on my desk. I have never put money into land and I am trying to…
I have spent way too long just running numbers and I am trying to actually move on something, so I want people to poke holes in this before I do. The building is a three story for…
A broker-services shop in a metro of about 900k is selling, and the owner wants me to carry paper on most of it. I've been reading notes for a year and this is the first one where…
I'd rather build something that holds up for years without me fussing over it, so I've been slow about the whole thing. Where it actually stands right now is this. Detached 700 sq…
Bought a dated 1970s hillside house in a luxury pocket at 2.05M, put 640k into it, all-in with 9 months of carry sits at 2.87M. Under contract at 3.395M, financing contingency cle…
1,500 square foot two story, bought at 171, spent 24 on paint, LVP, carpet upstairs, fixtures, and a bathroom vanity swap. All-in 202 with closing and two months of carry. My agen…
Five of us across four rural counties have been sending each other deals informally for about eight months. Volume is low and the price points are low, which is the whole reason w…
This is the first thing I have ever looked at seriously, so apologies if the question is obvious. A 15 site campground came up at 340k. Ten sites with water and electric, five ten…
I manage 22 doors for three owners and we shoot every unit that turns. My photographer charges $185 for a standard set, about 25 images, delivered next day. Last year we turned 14…
Working through a pref position on a 140 unit 1980s value-add and I keep landing back on the same problem, which is that the position doesn't cover itself out of operations for th…