The fund model treated permitting time as a constant. It isn't.
Passive position, $150k into a small fund building detached ADUs in a permissive metro and selling them to homeowners as a turnkey product financed by the homeowner. Two year proj…
All 132 real estate strategies.Every room answered.
Start with a RE category
Next, pick a strategy
Then pick the type of post
it finished, here is how it went
Passive position, $150k into a small fund building detached ADUs in a permissive metro and selling them to homeowners as a turnkey product financed by the homeowner. Two year proj…
I want the boring thing that works, and a conversion is not that, but a small one came across my desk and I looked at it seriously for about ten weeks. Single story former bank br…
Passed a pre-foreclosure to a buyer I hadn't worked with before. Single family, 1,800 square feet, owner about eleven months behind, and I'd had two long conversations with her. S…
I'd been billing turnovers at $38 an hour for a property manager with about 90 doors. She liked me fine but I was one of four cleaners she used, and I was getting maybe 3 units a…
Six months, $800 a month, one email a week to my buyer list. 2,340 names, mostly people who inquired on listings over the last four years plus a chunk from a local investor meetup…
Heavy rehab, 1920s four square split into three units, all-in budget $1.1 million with $780,000 of it eventually drawn. Bridge loan through a broker at 65 percent of total cost, r…
This one closed out in the spring and I've had a few months to look at it straight. 2022, I put $85k into a nine-facility aggregation vehicle buying in small markets, populations…
Managing other people's rentals means I hear the same sentence constantly. Some version of "I'm done, I don't want to do this anymore." I've been hearing it for years and doing no…
Last spring I decided I was going to stop analyzing and start building, and the thing I built was the system instead of the pipeline. Found a consultant who does investor setups,…
I committed $200k in 2022 to a storage fund that pitched itself as 70% stabilized acquisitions, 30% ground-up. The stabilized side has been fine, boring, roughly what the deck sai…
Not a big story but the mechanics are the kind of thing I wanted explained when I started, so here it is. I had a 4 unit under contract at 340k in a modest neighborhood, all four…
I put 25k into a small lien fund fourteen months ago, mostly because I wanted one position that wasn't tied to the service business I'm building. It came back at 26.9k after fees.…
Small one, 1.1 acre infill lot in a first ring suburb, zoning already allowed 12 units by right. I paid $310k, closed with a 21 day due diligence window because there were two oth…
14,000 sf flex building, four tenants, seller's rent roll showed $118k NOI. He wanted $1.35M, call it an 8.7 going in. I got it at $1.31M with a 20 day inspection and $5k that wen…
Ground up, 41 units, designated tract, funded through a single asset qualified opportunity fund with four investors including me. We used the working capital safe harbor because t…
I've spent about a year trying to work out which strategy actually fits, and building a backyard cottage kept failing the same test for me: I don't have $180k and I don't have the…
Still figuring out which strategy fits me, so I put a small amount into a portal equity deal instead of reading about them for another year. Small retail strip, six bays, one vaca…
Numbers first, then the part that nearly killed it. Six-facility portfolio, secondary markets in one state, bought as two separate deals about seven months apart. Total basis $23.…
This one is on the tenant side of mixed-use rather than the owner side, and I wish someone had walked me through it before I signed. A developer finished a small building near me,…
I manage about 60 single family doors. One of my owner clients stopped paying the mortgage on a rental I collect rent for, which I found out about when the notice of default hit t…