it finished, here is how it went
Been riding along on driving routes with an investor friend since summer, mostly to work out where I fit. He wants contracts. I kept noticing that most of the addresses he throws…
First and last time I played transactional lender without checking the far end of the chain. Deal came to me from a wholesaler I'd done nothing with before, referred by someone I…
Started with zero budget and a used sedan. Nine Saturday mornings, two to three hours each, three adjacent zips I picked because the housing stock is all 1950s to 1970s and the ow…
Take a small mixed-use building, two retail bays and four apartments over, where the seller had a pre-listing inspection done six weeks before it went under contract, 38 pages, ph…
I hold land and long rentals and I don't normally sell services. This one came out of a favor. Someone I've known for years bought six units in a mid-size college market over two…
Numbers first, because this whole case is a numbers error and it deserves to be visible. Say a scanning operator prices 3D walkthroughs at $220 for anything under 3,000 square fee…
This is the tail risk I'd written down and priced at zero. 140 certificates, mostly small residential, spread over four counties. 131 redeemed and the book earned $61k of interest…
The thing that finally paid me, after six months of research and no deals, was a contract I never closed. The target: houses built between 1988 and 1999, over 5,000 square feet, s…
A useful example of paper-based double closing: a 1970s three bed on a slab, tired but dry, where the seller had inherited the property and was carrying a small mortgage on it. Co…
Take a portfolio of 44 doors, mostly single family rentals and a few duplexes. An annual condition walk offered to every owner at $185 per unit, billed once a year, is a workable…
Consider an outbound VA program run for eleven months before being shut down, useful to study because the failure was structural and often isn't visible until well into the run. A…
A land specialist skeptical of luxury agents can learn something from watching a co-listing work in practice. Take a 38 acre parcel at the edge of a submarket where finished house…
Worth studying as a cautionary example for first time buyers. Take a two bedroom condo in a 1980s complex listed at $189k, purchased without buyer representation. The listing agen…
$25k into a small hotel LP two years ago. 96 keys, limited service, sponsor with three prior properties. I did what I thought was careful diligence, which for me meant reading the…
Six weeks in and I want to write down what happened while it's still clear. I'd built a list of 340 candidate properties in two zip codes, sourced from a mix of code violation pos…
This was my first passive investment in anything and I picked the thing that sounded safest. Age-restricted community, 132 units, existing building from the 90s, sponsor was buyin…
A useful failure case in capital raising is the gap between verbal interest and actual wired funds, because the failure usually sits in the sequence, not the underlying thesis. Ta…
Take a freestanding QSR pad, about 2,400 sf, on a commercial strip in a mid-size southern market, purchased at $1.18m with NOI of $74,500, a 6.3 cap. 11 years left on the lease, c…
This one's closed out so I can tell it properly. Eighteen months ago I wanted into manufactured housing and couldn't afford a park. What I could afford was homes. I bought two 199…
A first virtual assignment run 900 miles from the operator, closed at a reduced fee, is a useful case for the real costs involved. Numbers: list and data $340, skip trace $220, di…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
