it finished, here is how it went
A $40k commitment to a storage fund with clean materials and a sound strategy, buying existing facilities and improving operations, is a reasonable investment on its face. The mis…
Passed the Part 107 in the spring and started taking paid work in July. Eleven weeks of numbers, because I read enough vague posts before I started and they didn't help me. 22 fli…
Take a $265,000 three bedroom rental purchase in an unremarkable inner suburb. The interesting part isn't the property, it's the compensation structure. Say a buyer has watched a…
Picture a side by side duplex, both units leased, listed in the high $200ks. The listing agent, who also handles a lot of small multifamily in that submarket, offers to represent…
First house, 3 bed ranch from the seventies in a mid-priced suburb, $268k, 3.5 percent down on an FHA loan, so $9,380 down and about $7,000 in closing costs. Full payment was $2,1…
I've been building a small service offering around agent back office work and last year I finally got the unit economics to sit still, so here's what happened. The product was lis…
Take a pre-foreclosure purchase in a state with an unfamiliar equity purchase statute. An owner about six weeks from a trustee sale, payoff around $214k with $11k of arrears, agre…
Worth laying out as a case, because the arithmetic is clean. A four unit turn in a small multifamily building, all four vacant at once after a roof job pushed everyone out on sche…
22 acres on the edge of a growing suburb, contract at $1.45M, contingent on rezoning from a two acre minimum residential district to something that would carry 74 lots. Fourteen m…
Locked a 3/2 at 148k against a written buy box from a buyer who closed nine houses last year. He passed on day nine because his lender wouldn't fund a fifth concurrent project. I…
For anyone underwriting off dispo lists, volume becomes the whole problem fast, sometimes hundreds of emails across a handful of senders within months. The goal is a way to say no…
Here is a case with nothing to show at the end, which is exactly why it is worth reading. A 2 bed cottage in an older part of town, under contract at 142k, rehab scoped at 46k, co…
Consider a 2,340 square foot, two story, four bedroom spec home in an established neighborhood where similar houses trade between 545 and 590. This one appraised at 508 and sold a…
Fast is my whole thing and it cost me here. Saw a parcel come across a list, 5 acres, wooded, $4,300 asking from an owner three states away who had inherited it and never visited.…
Guy who flips two or three houses a year asked if I'd clear one out since I was already doing his plumbing. 1,100 square foot ranch, deceased owner, family had taken what they wan…
Take a 4 bed 2 bath ranch in a first ring suburb, bought at 310k with 25 percent down. The reason that particular house gets chosen is an operator met at a local investor meetup w…
Take a case worth studying: 12 acres closing at $84,000, seller carried. Terms like $16,800 down, $67,200 at 5.5 percent interest only, monthly payments of $308, balloon at year s…
First rental going on the market in a few weeks and I got ahead of myself on the marketing. Here is what it cost me. I booked an aerial package for $450 off an ad that showed nice…
Here's a case worth examining closely. An operator building an interest list of prospective private lenders for a note buying vehicle spent about four months and 11,600 dollars wi…
Take a preferred equity slot in an infill townhome deal on a portal, 25,000 dollars in, 24 month projected term. Say the pref is written as 10 percent per annum on unreturned capi…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
