it finished, here is how it went
Consider a case where a relocation firm's interest letter got treated as a commitment, and the underwriting followed it. A buyer working toward a first purchase gets far along on…
Take a listing where media went live in two phases, which makes for a useful comparison of how staggered assets affect early listing performance. Media spend was $860 with one pro…
A sponsor I'd been following for two years opened a $30M value-add fund and had about $8M soft circled for the first close. I asked for the limited partnership agreement and the s…
Take a four month driving for dollars campaign: 612 addresses logged, 380 with a usable mailing address, three mail touches to those 380 over about ten weeks. Printing and postage…
Short version for anyone about to do their first one. Subject to means the loan stays in the seller's name and the buyer takes over the payments. The lazy setup, and it is common…
I bought a 4,200 square foot end unit in a six unit light industrial condo park in a mid-size midwest market. Purchase price $395,000, so about $94 a foot. The tenant is a cabinet…
Worth studying closely because the numbers looked better on paper than the ordinary version and that gap is usually a sign a rule is making up the difference. Take a five bedroom…
Take a dated 1990s lake property bought at 2.28M out of a probate situation, with 520k put into renovation, and a sale at 3.19M, netting a bit over 210k after commissions, carry,…
This is not a deal, so say so if it does not count. It is the piece of work most people put off for a year, which is building an actual list instead of reacting to whatever a brok…
A common pattern in small property management operations: the management agreement is a form the company inherited years ago and never touched, and the lease is a state associatio…
Here is a clean case worth studying because the loss is small and easy to see all the way through. Say an investor holds about 18k in a broad REIT fund as the liquid sleeve of a p…
I spent six months researching, and my first real move was a conversion that never got permission to exist. The property: a 4,100 square foot 1920s house, six bedrooms, two baths,…
Started this ten months ago out of frustration. I'd get dispo blasts with a repair number and no line items and I could tell from the photos it was wrong by 15k. So I asked one wh…
Nine LPs, $610,000 raised, small building. For the first three quarters I sent an email that said things are going well and here is your distribution amount. That was it, maybe fi…
Take a seller-financed 1970s three bedroom in a secondary midwest market, sold 18 months prior at 168k, 5 percent down, the seller carrying 159.6k at 7.5 percent, 30 year amortiza…
I've been getting my license and doing paperwork all year, so this was the one thing I did with actual money in 2026. A guy who buys small pools locally was breaking one up and ha…
Small three tenant shell on an outparcel next to a grocery-anchored center, secondary market. Total project cost came in at $1.9M. I've wired a lot of these for other people and t…
This was a 2,900 sf suite in a five-suite medical condo building about a mile from a regional hospital. Bought it at $412k with a solo podiatry practice in place at $26/sf on a mo…
Posting the beginner version because I think people newer than me want to see one where nobody got clever. I sent letters to owners of vacant rural parcels who were behind on taxe…
Consider development risk through a single tenant urgent care build, roughly 4,800 square feet on an outparcel in a suburb with a lot of new rooftops, total project cost 3.6 milli…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
