it finished, here is how it went
Say an investor buys nine apartments over two ground floor bays, 3,100 square feet of commercial space, one bay leased to a physical therapy practice and one to a bakery, for $1.4…
Two adjacent infill lots in a first-ring suburb, bought in 2021 at $71k and $78k. The thesis was that the state was moving on ADU-enabling legislation and the city would follow, a…
Closed this out last month, still annoyed, so writing it down while the invoices are open. The deal: 3/2 ranch, 1,410 sf, bought at 168k off a wholesaler, 61k in renovation, all-i…
Two years in on a 10 room licensed house I took over with residents already in place. The number I actually track is average tenancy measured at move-out, and it went from 7 month…
I've asked a lot of embarrassing questions in this room and here's what came out of it. I had 9,000 to put somewhere and no idea what I was doing. I spent most of last year readin…
I finished shutting this down last month so the numbers are final. The idea was narrow and I still think it was reasonable. Rural land owners who inherited a parcel and don't want…
Consider a small older four unit building, all two bed units, under contract at $560,000, where the appraisal comes back at $489,000 and the loan dies on it. Costs like the apprai…
I do fast deals normally, so a ten year hold is the opposite of everything I usually do. Writing this for people who are where I was in March, which is having a gain and no idea w…
I've had a $145k gain sitting from a business sale since the spring and no strong opinion about where it should go. I ended up building a one page checklist and running every fund…
The screener said 9.4% and that was the entire reason I bought it. I had $12,000 sitting in a taxable brokerage account after a car sale fell through, and I wanted the money doing…
Buying a small performing first-position note inside a self-directed Roth IRA is a useful way to see how paper investing inside a retirement account actually works mechanically, s…
Consider an investor who bought into a public non-traded REIT in 2018 through an advisor, 60k, Class A shares, diversified, heavy on suburban office and grocery-anchored retail wi…
Take a case worth studying in real estate debt funds. An investor with $60k to place looks at four residential bridge debt funds. Two send loan-level tapes on request, one sends a…
Take a duplex, both sides rented, tired but no structural problems. Contract price 129,000 from a landlord ready to be done, end buyer at 152,000. That 23,000 spread can feel like…
First real private deal I did. $75,000 into a value-add multifamily fund in 2021, 216 units across two properties in a sunbelt secondary market. What sold me was the investor rela…
I put 400k into an open-end debt fund in late 2022. Weighted average LTV on the tape was 63, average coupon 10.4, mostly bridge and a slug of construction. Target net was 8 to 9.…
This belongs in the passive room as a warning about the word. A friend who'd managed restaurants found a 9-room inn in a small tourist town, walkable to a state park entrance, doi…
Take a county that keeps a list of certificates nobody bid on at the sale. In many states those can be bought over the counter at the statutory rate with no bidding down, which ma…
Take a 1,100 sf three bed in a tired but stable suburb, rented at 1,650, where a rehab finishes at 39,400 against a 38,000 budget. Most guidance says to expect 20 percent over, so…
Consider a 1,240 square foot single story in a county where the median runs around $118k, acquired through a deed in lieu after a seller-financed note went unpaid. How that gets p…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
