it finished, here is how it went
The seller's tape said 5.0% fixed on an $88,300 balance. The original note said 6.875%. That's how I found the mods. There were two of them, one from 2016 and one from 2020, both…
Followup to the market summary question I posted a while back. That job happened, badly priced, and it turned into something. The original $600 became a $2,900 fixed scope once we…
Take a case: 12 acres, gently rolling, edge of a small town about 40 minutes from a metro. Bought at $16,500 from an absentee owner, sold on an installment contract at $27,500 wit…
A structure worth studying: a note holder with a wrap wants cash out, and the investor does not want the whole thing. So the investor buys a partial, and what gets bought is the s…
Take a 14 over 3 in a mid size midwest city: 14 apartments over 6,200 square feet of ground floor split into three bays, one of them dark at contract. A listing like this is often…
A brokerage modeled for a long time before finally opening is a familiar story, and what actually happens once it opens is the more useful part. Year one numbers for a five agent…
I spent about a year on this forum working out what a first deal actually costs, so here are my real numbers now that six months have gone by. Small brick building on a secondary…
A useful case to study involves a co-invest into two multifamily properties, 466 units total, 1998 and 2001 vintage, one metro, closed in spring 2022 at roughly $205,000 a door. T…
Take a wholesaling operation running three acquisitions people plus a dispatcher, cold calling, PPC and direct mail into the same pot, roughly 380 to 420 inbound leads a month dep…
A pattern worth understanding before signing: 60,000 dollars going into what looks like a direct limited partner position in a 250 unit apartment deal, when the entity being subsc…
Take a sponsor whose minimum for a side letter is 250k and four investors coming in at 60k, 75k, 90k and 85k. Individually, each of them gets the standard subscription docs and a…
Consider a 3.2 acre corner site, currently a closed garden center, sitting in the path of an expanding hospital campus, where multifamily zoning is not yet in place. Current zonin…
Full gut on a 2,100 sf two story, 148k of scope, and I was chasing a listing date because the agent had a broker open on the calendar. Punch list was at maybe 30 items when I let…
Short version of a wrap in case anyone else is where I was two months ago. A wrap is where the seller keeps her existing mortgage in place and writes me a new, bigger loan on top…
I've been planning this purchase for over a year and financing was the part I was most afraid of, so I want to write down what actually happened. Small three bedroom, $268,000 pur…
Take a careful first deal on a two story masonry storefront in a small city downtown, retail on the ground floor vacant for four years, second floor old dentist offices with a dro…
Cheap rural dirt in thin markets behaves differently from anything in a metro, worth keeping in mind before applying these numbers elsewhere. Take two adjoining parcels, 11 acres…
Take a case worth studying in land wholesaling. A first round of campaigns runs 900 to 1,200 letters spread across four counties, chosen because the price bands look similar. Resu…
Writing this out because I want somebody else to catch it earlier than I did. I bought a townhouse at 249k with an FHA loan, 3.5% down, so 8,715 out of pocket plus about 4,200 in…
I'm new to most of this and I came in as a small LP, so the credit here belongs to the sponsor. But I read every document on this one twice and I want to write down what actually…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
