12 acres, gently rolling, edge of a small town about 40 minutes from a metro. Bought at $16,500 from an absentee owner, sold on an installment contract at $27,500 with $2,000 down…
I posted here a year and a half ago about modeling a brokerage to death and never opening it. Opened it. Here's what actually happened. Year one, ending last month: 5 agents inclu…
I spent about a year on this forum working out what a first deal actually costs, so here are my real numbers now that six months have gone by. Small brick building on a secondary…
Co-invest, $400k, alongside a fund I'd been tracking for two years. Two properties, 466 units total, 1998 and 2001 vintage, one metro, closed spring 2022 at about $205k a door all…
Finished the 90 day review on this one last week so the numbers have settled enough to be worth posting. Client is a wholesaling operation, three acquisitions people plus one disp…
Sponsor's minimum for a side letter was 250k. Individually the four of us were 60k, 75k, 90k, and 85k. Nobody was getting anything but the standard subscription docs and a PDF twi…
I put $60,000 into what I understood to be a limited partner position in a 250 unit apartment deal. It wasn't. The entity I subscribed to was a special purpose vehicle that pooled…
I've been on this forum saying I'm building a list and not buying. Still true on the buying part. I did just close an option and I think the terms are worth writing down because t…
Full gut on a 2,100 sf two story, 148k of scope, and I was chasing a listing date because the agent had a broker open on the calendar. Punch list was at maybe 30 items when I let…
Short version of a wrap in case anyone else is where I was two months ago. A wrap is where the seller keeps her existing mortgage in place and writes me a new, bigger loan on top…
I've been planning this purchase for over a year and financing was the part I was most afraid of, so I want to write down what actually happened. Small three bedroom, $268,000 pur…
This was supposed to be my careful first deal. Two story masonry storefront in a small city downtown, retail on the ground floor that had been vacant for four years, second floor…
I've been running small rental positions for years and started doing land assignments as a side channel about eighteen months ago. The change worth reporting is a targeting one, a…
I look at cheap dirt in thin markets, so nobody should copy these numbers into a metro. Bought both from the same estate. 11 acres and 8 acres, adjoining, in a county with maybe 9…
Writing this out because I want somebody else to catch it earlier than I did. I bought a townhouse at 249k with an FHA loan, 3.5% down, so 8,715 out of pocket plus about 4,200 in…
I'm new to most of this and I came in as a small LP, so the credit here belongs to the sponsor. But I read every document on this one twice and I want to write down what actually…
Bought a first lien in a judicial state in early 2024. Unpaid balance $96,300, note rate 4.875%, payment $711, borrower 14 months down. Single family three bed one bath, drive-by…
I've been trying to figure out which acquisition channel actually fits me and cold calling was winning on volume and losing on cost. Last spring I ran three VA dialers at $10.50/h…
1,340 square foot three bed one and a half bath ranch, 1958, in a first-ring suburb where the buyers are mostly people priced out of the city. Bought at $198k, put $61k into it, a…
I put 61k into a light rehab as a passive participant, 12 percent with a 6 point exit fee on a 60 day projected hold, secured second behind a hard money first. Operator buys at 24…