Take a case worth studying closely: a 31 lot park in a small industrial town, 28 occupied, all tenant owned homes, lot rent at $265 against a market judged at $390. Purchase price…
This is my first split and I did the underwriting from listings because that's what I had. My state is one of the roughly dozen where sale prices aren't public record, so the coun…
$9,400 total, my first attempt at this. The county had a list of certificates left over from earlier sales that you can buy directly at the stated rate, no auction, no bidding aga…
Here is a subdivision case worth studying closely. A buyer eyes 46 acres on the edge of a growing exurban county at $9,400 an acre, $432k total. Zoning allows a five acre minimum…
The appeal of a room-by-room house is income without a second job, and the real test is whether it can survive being run entirely by somebody else. Here is what three years can lo…
Consider a ten week paid search test for off-market small rentals in a secondary market, budgeted at $6,400 with $5,200 in media, targeting three counties. A 40 mile radius drawn…
Worth studying as a cautionary case: an LP closes out a $55k investment at 1.03x over four years, in a deal where the underlying property actually performed reasonably well, which…
Here is a loss worth studying, laid out as a 2021 case. An investor sells two assembled parcels for a gain of about $210k and goes into a QOF whose whole plan is 60 acres inside a…
I've owned a 48,000 square foot single tenant distribution building since 2016. Third generation family distributor, 28 foot clear, seven docks, decent yard. Lease was running to…
A small crowdfunded equity position illustrates a cost that rarely gets mentioned upfront. Take a 6,000 dollar investment in a crowdfunded equity deal, first year distributions to…
Take a small deal: an LLC of four buying a 1960s six unit in a second tier market for $612k, cash from members plus a local bank loan at 70 percent. Commitment comes back in nine…
Take a 1979 warehouse, 31,000 square feet, single tenant vacant at purchase, 18 foot clear at the peak of the bay and about 16 at the haunch, four dock doors with no levelers, one…
Here is a case worth studying for anyone considering a first house near a large public university that has been growing. Take a single house half a mile from campus and follow it…
I do roofing and gutters, mostly repair work, so I'm on ladders looking at houses all day. Two months ago I bid a roof on a 1950s ranch, three layers of shingles, decking gone sof…
A case worth studying closely, because the clause that did the damage was one the investor read and did not weigh properly. Take an LP who puts $150k into a six park value add dea…
A subject-to deal is one of the fastest ways a course template can produce a costly outcome, and the failure pattern is worth laying out in order. Take a seller with a 3.1 percent…
A case worth studying closely by anyone reviewing an operating agreement before wiring into a syndication: a 188-unit deal closed with bridge debt and a business plan that depende…
Small two bed one bath cottage in a working class part of town, the kind with a detached one car garage that leans. I paid 96k, budgeted 26k, and thought it was worth 165k fixed.…
Bought 47 acres of dry pasture at $4,200 an acre in 2018, $197,400 plus about $3,800 in closing and survey. Flat, cleared, a mile and a half from a substation on a line that alrea…
Say an investor with a recent capital gain, from a business sale or any other source, has 180 days to place it into a qualified opportunity fund and a documented plan with their C…