I've asked a lot of embarrassing questions in this room and here's what came out of it. I had 9,000 to put somewhere and no idea what I was doing. I spent most of last year readin…
I finished shutting this down last month so the numbers are final. The idea was narrow and I still think it was reasonable. Rural land owners who inherited a parcel and don't want…
First 4 unit, small older building, all two beds, contract at $560,000. Appraisal came back $489,000 and the loan died on it. I've lost the $650 appraisal fee, $1,900 in inspectio…
I've had a $145k gain sitting from a business sale since the spring and no strong opinion about where it should go. I ended up building a one page checklist and running every fund…
I do fast deals normally, so a ten year hold is the opposite of everything I usually do. Writing this for people who are where I was in March, which is having a gain and no idea w…
The screener said 9.4% and that was the entire reason I bought it. I had $12,000 sitting in a taxable brokerage account after a car sale fell through, and I wanted the money doing…
A year of reading about paper and I still understand maybe a third of it. Bought a small performing first position note inside a Roth SDIRA last month and it's now made two paymen…
Closing this position out taught me more than holding it did, so here's the whole arc. Bought in 2018 through an advisor. 60k, Class A shares of a public non-traded REIT, diversif…
Posting this because the process was more useful than the outcome and I'd have wanted to read it two years ago. I had $60k that wasn't going into a property. Looked at four reside…
Duplex, both sides rented, tired but no structural problems. I had it at 129,000 from a landlord who was done. End buyer at 152,000. That 23,000 felt like too much to put in front…
First real private deal I did. $75,000 into a value-add multifamily fund in 2021, 216 units across two properties in a sunbelt secondary market. What sold me was the investor rela…
I put 400k into an open-end debt fund in late 2022. Weighted average LTV on the tape was 63, average coupon 10.4, mostly bridge and a slug of construction. Target net was 8 to 9.…
This belongs in the passive room as a warning about the word. A friend who'd managed restaurants found a 9-room inn in a small tourist town, walkable to a state park entrance, doi…
Bought a 1,100 sf three bed in a tired but stable suburb last spring. It's rented now at $1,650 and the rehab finished at $39,400 against a $38,000 budget. Everything I read befor…
Not a big deal and I'm posting it because the small version worked and I want to know what I got lucky on. I didn't go to an auction. The county keeps a list of certificates that…
I ended up with a house I didn't want. Seller-financed note I'd bought at a discount, borrower stopped paying, and after a long stretch we took title through a deed in lieu. How t…
Two houses, 7 rooms total, both running as separate room leases. Through 2023 every single lease ended between July 15 and August 31 because that's when I signed the first ones an…
Bought a four unit last month, $585,000, small city, plan is a light rehab and hold. First real title mess I've been through, so writing it up for anyone who thinks the search is…
The gain wasn't mine directly, it came through a K-1 from a partnership that sold an industrial building in June. My share of the gain was $237k. I'd already picked a fund, had th…
48k had been sitting in a money market since I closed an old business account, and I wanted it in REITs without doing the thing where I dump it all in on the day I feel confident.…