live deals, numbers on the table
Say a small fund comes to market at a 14m target, buying tax certificates in three bid-down states and bidding at deed sales in two others. Terms run a 9 percent preferred, 2 perc…
A buyer coming in on a 3/2 in a stable working class pocket, offered by an owner holding the house free and clear, with 15 percent down and a request for 30 year amortization on a…
First furnished unit, 2 bed near a research park, and I got as far as a vendor packet from a relocation management company. I'd quoted $2,550 all inclusive. Their standard rate ca…
A live allocation question worth working through. Say 62,000 is earmarked for a roof replacement and two unit turns on a small multifamily building, with the work roughly 18 month…
Second call with an agent who says she works with investors. Ten minutes in she asked what my buy box is and I said something about "good deals in decent areas" and heard myself s…
I've been trying to figure out where I fit on the service side of this business, and last week a guy I know through a contractor friend asked if I'd "handle the project" on a spec…
I've spent three months talking to people who make money around bank-owned property rather than owning it, and I want other eyes on whether the volume supports what I'm sketching.…
The house came to me last year, small 2 bed 1 bath in an older part of town, no mortgage on it, nothing to pay off. I had it under contract at 185k and the buyer's lender turned h…
Take someone driving older neighborhoods on weekends, noting houses that look neglected, peeling paint, tarps on roofs, mail piled up, and building a list of maybe 90 addresses. A…
Picture an operator who runs a small service crew, has been paid to fix other people's rentals for years, and is now buying their first rental. The house is 190,000, 3 bed 1.5 bat…
Take a scenario where an operator asks for 110,000 as a second position loan behind a 240,000 first, interest only at 10%, two year term with a one year extension option. The prop…
I sold a small timber parcel last fall and have about $140k that isn't doing anything. My default is more land, but I've been reading a ground-up industrial flex deal on one of th…
I have 18k sitting from a settlement and the first rental doesn't close for another five months, so I've been reading about public non-traded REITs as a place to put part of it in…
A live-in flip in progress, say a 1,100 sq ft bungalow bought around $228k with substantial renovation money already in and comps suggesting a finished value well above that, is a…
Triplex under contract at 585k, small city, all three units occupied, 2 bed each, rents 1,150 / 1,150 / 1,275. My fourth deal and the first one where the report actually scared me…
Closing on my first rental in five weeks and I got offered a $50k slot in a 128-unit deal that's the same money as most of my down payment. So I actually read the operating agreem…
Here is a scenario the room can work through, because the sweat equity question and the anchor rollover question collide inside it. The structure as pitched. An operator who has d…
Two live pref term sheets on comparable assets are worth laying side by side to see how the math actually behaves. Say both are $1.5M checks into recapitalizations of suburban mul…
First rental closes in five weeks, a 1970s three bed in a decent school zone. I've spent more time on screening than on the purchase and I've written criteria I'm happy with: inco…
The first rental is still four months out and I've been filling the wait by working a small pre-foreclosure and code-violation list in one township, partly to learn the market I'm…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
