I have 47 acres under contract at $380,000, so about $8,085 an acre, with 60 days of due diligence and 22 of it gone. 620 feet of frontage on a paved county road, gentle slope, on…
Been talking to three brokerages while I finish my coursework and one of them pitches 100% commission, $199 per transaction, $99 a month. Another is a 70/30 with a cap. A third wo…
A sponsor I've been tracking is syndicating a $3.1M mezz piece behind a $9.8M senior on a grocery anchored strip in a secondary market. Minimum is $250k and I'd be taking one unit…
240 purchase, closed three weeks ago with hard money at 240 plus a rehab facility. 1962 ranch, 2,100 sq ft, previous owner started a renovation in 2019 and stopped. Half the drywa…
I'm two weeks into opening a self-directed IRA and I've read the fee schedule four times. There's an annual account fee, a per-asset holding fee, and a transaction fee each time m…
Project is a 1990s builder-luxury house in a strong high-end submarket, 4,600 square feet, target 4.1M. Purchase 2.44M, reno budgeted at 720k, currently trending 785k before this.…
I own a 1,100 square foot house on a corner lot, free of any loan, bought it years ago and lived in it since. Detached two-car garage at the back with alley access, 480 square fee…
Two things landed on me in the same week and I have to answer both by the end of the month. Offer one. A flipper doing about 20 houses a year wants me as an in-house project manag…
Framing job last week, one of the guys says he put 30k into a private REIT through some platform and he can't get it out for two years. He said it like it was a good thing. I've b…
A sponsor I've done two small LP positions with asked if I'd introduce their next multifamily raise to people in my network. They're raising $9m of equity. They offered what they…
Reading a debt offering on one of the deal-by-deal platforms and the numbers under it are bothering me more the longer I sit with them. The deal: first position bridge loan on a 2…
The sponsor is a storage operator I've never worked with. Three ground-up facilities, all climate controlled, roughly 78,000 net rentable square feet each. Total cost $41M, constr…
I've been building the buy list for six months and the screen finally spits out something I don't trust. What I rank on: forward deliveries as a percent of existing stock over the…
Five months of pulling addresses off my own job sites and off the pre-foreclosure and tax-delinquent lists at the county. 41 leads passed to four investors. 3 closed. I got $1,500…
Six mainstream flips behind me, purchase prices 300k to 600k, and I've hit the point where the returns per deal don't justify the hours. So I'm looking at a listing I keep going b…
I've been running numbers and looking at deals for a couple of years without pulling the trigger, and people around me have picked up on it. Two former coworkers, an uncle, and a…
Four people are in a 31 acre hold I put together, 620k total, 380k of it theirs. It's raw ground on the edge of a growth path, we pay taxes and mow it and that's the whole busines…
Not doing a deal. Somebody in a local group shared an anonymized wrap note and deed of trust package as a teaching example and I've been going through it clause by clause, which i…
Seven of us, all part-time except me and one other guy. We've been running a shared Airtable of buyers for about a year. 340 rows, but only around 40 have actually closed somethin…
Tenant of five years asked to buy the house. Never late, not once, has the rent receipts to prove it. We've talked around 410k, she can put 41k down, and she can't get a bank loan…