Bought my first retail unit and the estoppel almost ended it
This closed six weeks ago and I've been waiting to write it up until the first rent hit the account, which it did on the second. What it is: a 2,100 sf condominium retail unit ins…
All 132 real estate strategies.Every room answered.
Start with a RE category
Next, pick a strategy
Then pick the type of post
it finished, here is how it went
This closed six weeks ago and I've been waiting to write it up until the first rent hit the account, which it did on the second. What it is: a 2,100 sf condominium retail unit ins…
Rural lake town, population under 3,000, the kind of place I like because the price points are low enough that a mistake doesn't end you. This one nearly did anyway. The property:…
I closed on a 3 bed 2 bath in a decent school zone two Aprils ago, 5 percent down conventional as an owner occupant. Purchase was 312,000, so 15,600 down and 7,100 in closing cost…
I had a small three bedroom under contract at 91k and a buyer lined up at 118k. I picked a double close over an assignment because 27k looked like a number that would make my buye…
I got into this sideways. A guy I know sells rural parcels on installment contracts and was tracking 14 buyers in a spreadsheet with a stack of paper checks in a drawer. I offered…
Numbers first so nobody has to ask. 14 unit brick walk-up, pre-1940, second tier midwest market, bought for 1.02m with a 700k bridge and 1.35m of LP equity from nine investors. Re…
Land parcel, 68 acres, mostly wooded with about 11 acres of cleared pasture and a gravel access easement. County reassessed it and moved the value up 41 percent in one cycle, whic…
I wanted the version of land investing that has no surprises in it, so I picked the smallest split I could find and did it slowly. 9.1 acres in a county about 40 minutes from a mi…
Closed the loop on the first full cycle of this last month, so here are the actual numbers rather than the plan. $46k deployed across 21 debt positions on three platforms, most of…
Three bedroom townhome, ten minutes from a hospital campus that runs a lot of contract specialists. I leased it from the owner at $1,850 on a 24 month term in early 2023, furnishe…
Somebody sent me a ground lease on a small campground to look at as practice, and I want to flag one clause for anyone new, because it took me three reads to see why it mattered.…
In 2021 I sold a piece of inherited farmland and had a $180k long-term gain. I put the whole thing into a two-asset qualified opportunity fund, ground-up multifamily in a small me…
Six units total, four of them now running furnished for mid-term and corporate stays. This was an operations fix rather than a deal, and it moved more money than my last acquisiti…
I've been the analysis guy in this room for a while so this is me reporting on the cure. The pull started as everything absentee in two zip codes with 50 percent plus equity, 4,10…
Closed on 38 acres of mixed timber and old pasture in a low-population county at $27,500. Comps on similar acreage with clean frontage were running $1,600 to $2,000 an acre, so on…
Six-level garage in a secondary downtown, bought into it as a minority partner in 2021. 240 spaces, the underwriting leaned on 71 monthly contracts at $145 covering fixed costs an…
A small house I'd been trying to help a relative sell, three bedroom one bath on 1.4 acres in a town of about 2,800 people, listed at $118,000. Four months on the market, six show…
Closing out a deal that actually finished, so here are the numbers before I forget them. $35,000 into a senior secured position on a 96 unit value add multifamily in a mid sized m…
This was two and a half years ago, before I'd read anything useful. A guy I'd known for a while, done two flips, seemed competent, was short on the rehab money for a third. He nee…
Finished and buried this one, so here are the numbers. I built a course on taking raw parcels through rezoning and preliminary plat in secondary markets. 14 modules, real submitta…