The occupancy rider is what saved the timing on my fourth conversion
I closed on house number four in March and the rental lease on number three started April 1, so the sequence held for another year. Posting the actual numbers because the version…
All 132 real estate strategies.Every room answered.
Start with a RE category
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it finished, here is how it went
I closed on house number four in March and the rental lease on number three started April 1, so the sequence held for another year. Posting the actual numbers because the version…
Structure was a 2,500 monthly retainer, creditable against commission at closing, non-refundable if nothing closed. Twelve month term, which I talked down to four. He pitched it a…
I own three parcels I intend to hold for a long time. They generate no income and they cost me property taxes, a mowing contract on one, and liability insurance. About 7,400 a yea…
I spent $4,100 on diligence for an estate sale last year and watched somebody outbid me by $12,000 at the hearing. That money is gone. I went back in on a second one anyway and th…
Two years ago I put 62k into a spec build as a second position loan behind a 240k construction loan. Roughly 2,300 square feet in a decent suburban submarket, as-completed apprais…
I've been reading here for a while and mostly posting about screening for the rental I have closing soon. This is the one before that, the one that didn't happen. Six unit buildin…
The thing I liked about public REITs was that I could act. Direct property takes months to buy and months to sell, and a REIT takes a click. So I built a 40k sleeve and used the l…
This closed a bit over two years ago and I sold it in the fall, so I can write it down without flinching now. Building was a 1920s two-story in an older streetcar neighborhood, ma…
I hold raw land, long. Four parcels bought across about three years, all in one LLC, nothing built, nothing rented. Carrying costs are small and boring: property taxes, occasional…
The product page said short term, average duration under a year, and there was a redemption request option. I read that as a savings account with a better rate. It isn't. I reques…
Wrote this up because it was avoidable and I didn't avoid it. We run a small service business on the maintenance side and I've been trying to get onto the ownership side for a whi…
Closed on a 54 site park last spring, 38 seasonal sites and 16 nightly. The seller's package showed 38 signed seasonal agreements at 3,200 for the season, which is roughly 122k of…
Fast is my whole thing and it cost me this time. 6.2 acres, wooded, in a platted rural subdivision from the seventies. Owner in another state, inherited it, hadn't paid attention…
Closed August of the year before last, sold this past spring, out about 118k including closing costs on both ends. First facility I ever bought and I'd read everything twice, whic…
I sold a small two bed one bath in a low price market last year for 62k. Buyer put 6k down, I carried 56k at 9% on a 20 year schedule. Payments have been perfect for 13 months, wh…
Six weeks of paying someone per address and the invoice math came out worse than if I had done nothing at all. Setup. I hold a small portfolio and started running leads on the sid…
Finished this one nine months ago and I've been chewing on it since. Single family, purchase 158k, rehab came in at 41k against a 36k budget, closing and holding 11k. All in 210k.…
I back these because I know renovation work and I thought that gave me an edge reading the scope. It gave me an edge reading the scope. It gave me nothing on the capital stack, wh…
I'm still on the list-building side, no purchase yet. I decided to interview managers in the two submarkets I was choosing between, before I bought, because I kept reading that ma…
Numbers first. Lot was 88k, infill, already platted. Build budget 388k for 2,350 square feet, four bed, standard plan I'd seen a local builder run three times. Sold at 512k. Actua…