it finished, here is how it went
Numbers first, then the part that nearly breaks this kind of plan. Take a six facility portfolio in secondary markets in one state, assembled as two separate deals about seven mon…
A useful entry point case for real estate crowdfunding is a portal equity deal sized at the platform minimum, say $2,500, into a small retail strip, six bays, one vacant, in a sub…
A case worth studying from the tenant side of mixed-use, since the risk here rarely gets discussed compared to the owner side. A developer finishes a small building, eighteen apar…
A case worth studying: a property manager handling around 60 single family doors gets a notice that one owner client has stopped paying the mortgage on a managed rental, flagged b…
A case worth studying for anyone running investor relations for a small sponsor. Picture a rural sponsor with 31 LP entities and five properties in towns under 8,000 people, whose…
The listing agreement on this one was 5% and the agent already had me walking the building before it hit the wire, so she wanted dual agency from the first showing. I said yes, wi…
Income without a second job is the appeal of a lien fund over buying certificates directly, and a three year, $75k position with quarterly distributions is a useful case to study.…
Closed out an LP position last quarter and it worked, though not for any reason in the original deck. Deal was a 300-space structured garage in a mid-size downtown, three blocks f…
Consider a private first position loan on a tenant-occupied three bedroom in a mid-size southern metro: 96k against a house appraised at 148k, 24 months interest only at 11 percen…
I got my license seven weeks ago and I have no listings, no buyers, and no idea what I'm doing at the top of the market. What I did have was a Tuesday free, so when an agent in my…
I've posted here about analysis and no deals. This one closed in October and I want the numbers on the record while I still remember what I was thinking. 22 acres, $3,150 an acre,…
A small first purchase is often the one that teaches the most, precisely because the size limits the damage. Say 12 acres about 40 minutes outside a metro, listed as farmland, 4,2…
Take a distressed estate sale, a large single family home, multiple heirs selling as a group, one of them financially sophisticated. A contract at 1.68M with an end buyer lined up…
Trying to work out what my first deal actually costs, and I figured the cheapest way to find sellers was to call them myself. So here's what that came to. List: 2,400 absentee own…
I spent three weekends driving two older neighborhoods on the north side of my city, writing down houses with tarps, dead grass in July, mail piled in the box. Ended up with six a…
Here is a case worth studying, because the arithmetic is cleaner than most subject-to write-ups and the risks are easier to see with real numbers attached. It also runs fast, elev…
Fifteen weeks in, one closed deal, and I can now say exactly which 1,400 I set on fire. I bought a list of 2,100 out-of-state owners for a three county area. Then I filtered it th…
Worth studying as a case: 240 acres of pine in mixed-age condition, listed at 1.02M, sitting for seven months. The listing mentioned an active timber sale in one line, and few buy…
Worth writing down how a small mezz check performs, since most of what's written about mezzanine debt is aimed at people moving ten times the money. Say a sponsor needs $1.4M behi…
A useful cautionary case: an investor put $50k into a 96 unit apartment deal after seeing a sponsor's materials citing 27 deals completed and $40M of transactions, which reads as…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
