Closed on a small duplex six weeks ago that I did not find myself. Someone else found it, negotiated it, and I paid him $6,500 at closing for the service. I was nervous about the…
I've got twelve hours of recorded material on how to run a rental turnover, filmed for my own crew and then cleaned up. Two people outside the company have asked for access. So no…
Numbers first. 31,000 sf multi tenant industrial flex, four tenants, small southeast market with a real logistics story. Estate sale, listed for seven months with a residential br…
Long holds and land are my normal territory, so this is me reading into something adjacent rather than operating in it. A dispo arrangement was described to me where the operator…
Spent seven months building what I thought was a real disposition operation. 214 names in the CRM, 61 of them tagged as verified, which for me meant proof of funds seen in the las…
88 unit garden style value-add offering, 1980s build, sponsor plans 62 interior renovations over 30 months at 18k per door all in. Hard cost contingency is 5 percent of the constr…
An investor group approached me about buying the building my service business operates out of. Freestanding, 6,400 square feet, decent hard corner in a second-tier metro. Their of…
Contract at 74k on a 1,400 square foot two story in an older streetcar neighborhood, roof was near end of life and I priced that in. End buyer at 98k, cash, contract signed, fundi…
This is the loss post. It went fine on paper and then I ran out of money. Bought a 3 bed ranch at 244,000, 3.5 percent down FHA, so 8,540 down and about 6,600 in closing after a s…
A few deals in and I've hit something I didn't expect. On my first two lighter rehabs I was at the house most days and I thought that was why they went fine. On the gut I just fin…
Been going back and forth with an operator for six weeks. Small shop, three people, buys rural and recreational parcels in four counties across two states, sells most of them on i…
I've been holding land for a while and buying it the slow way, one parcel at a time off listings. The direct mail approach to absentee owners keeps coming up and I want to price t…
I came into this from a completely different industry and one of the first things I noticed is how much of a title search is pattern matching against recorded documents. Which is…
I've been reading two different pitch decks for park funds and they lead with completely different things. The first one spends four pages on lot rents being $340 in the target ma…
Sitting on about $1,400 and trying to work out the order of operations on the aerial side, because everyone I ask gives me the opposite answer. One path is spend on the Part 107 s…
I spend most of my time on land and zoning, which makes this one embarrassing. I checked the wrong thing. 1970s ranch, four bedrooms, two baths, bought at $198k in a small city on…
I'm close to funding a small position in a public non-traded REIT and the subscription form makes me pick: take distributions in cash to my bank account, or reinvest them into mor…
I've been underwriting rentals as a spreadsheet exercise for a while and the loan side was always "20 to 25 percent down, done." Then I started reading about house hacking and the…
Trying to buy my first place next year and house hacking is the only version of the math that works, but every example I read is either three roommates in a five bedroom or a dupl…
I do service work, so I'm walking through houses all week, and the idea of finding deals for the investors I already know seemed obvious. I asked nine of them if they'd buy a disc…