it finished, here is how it went
I spent years running renovation crews, so I thought the one edge I had as a lender was reading a scope. That is exactly the thing that cost me. Deal was a 1930s four bed in a sol…
Take 18 acres of mixed hardwood in a county with a year round population under 9,000, bought from an out of state heir who had never seen it, paying $190 a year in taxes since 201…
Small case, but it changes how an owner should price their own time. Take a two bedroom where a tenant of three years moves out. Normal wear, but the oven and the bathroom need re…
A 96 unit deal that died in early 2024 is a good case to take apart. Land tied up, plans 60 percent done, yield on cost 5.4 percent against exit cap assumptions in the low fives.…
Consider a purchase at 291 in a metro that ran hot through 2021 and 2022. 1,900 square feet, 2004 build, everything sound. Scope 34k of paint, flooring, fixtures, kitchen counters…
Sold my starter house last year to free up cash for the investing side. Three agents came through. Two of them said 428 to 442 and walked me through six comps each. The third said…
A useful case study: an investor registers in two counties, wires deposits, reads the rules for both, attends one auction in person and bids the other online, spending roughly six…
I paid 61k for 9 acres about two miles from the entrance to a state park, thinking I'd put in 20 sites eventually and sell nightly stays. Two years later I sold the land for 58k a…
Take a 48-lot park in a small city, asking $1.6M, pursued by an operator building a service business around parks who wanted to learn operations from the inside. Costs sunk before…
Portfolio of five, four single family and one duplex, roughly $1.7m of value and $890k of debt across three lenders. I wanted them out of my personal name before I got licensed an…
A shared lead list among a small group of wholesalers, skip traced records worked by everyone with no formal claiming rule, creates a predictable failure mode worth walking throug…
A useful case study for anyone weighing assignment against a funded double close is a contract at 205,000 on a tired but clean four bedroom in an inner-ring suburb, with an end bu…
This is a case worth studying because it shows exactly how fixed costs eat a low price double close. Cheap end of a farm town, population under 4,000, no lender involved on either…
I came from the trades and I've been circling the investing side for a while. The thing that actually changed my year was going after property managers as customers instead of hom…
Take an operator running a bird dog lead desk who hires one part timer to handle the phone half while they keep doing the sourcing half. Worth posting the numbers because everyone…
Take three homes with 18 licensed beds between them and 7 occupied when a placement consultant starts working with the owner in March. Seven months later all 18 are full with four…
A gain from selling a small paper position, say around $60k, is a common trigger for someone to start looking at opportunity zone funds because a gain of that size makes the defer…
An investor running several renovation projects at once typically carries a cash reserve for overruns. Parking that reserve, say $85,000, in a business savings account earning lit…
Wanted the fee structure settled before I had any leverage, so I built something a bit odd and it held up for two quarters. Structure: 175 per accepted lead, client has 5 business…
Numbers first. 45k in, 46.1k out, 31 months. That's roughly 0.9% a year before I count the time I spent reading their updates. The stated target when I came in was a statutory rat…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
