Running the numbers on what a brokerage needs to clear before the owner takes anything, and it looks like the answer is headcount, not skill. Say fixed overhead of 12k a month, so…
First house is bought and I'm living in it, so the next decision is a year out but I want to understand it now. To buy rung two I need a down payment. Two ways I see people get it…
$9,400 total, my first attempt at this. The county had a list of certificates left over from earlier sales that you can buy directly at the stated rate, no auction, no bidding aga…
Story
I'm passive in a couple of things and I read documents for a hobby, so when a sponsor I follow opened a hotel fund I got on the diligence call. I expected an hour about markets an…
Been building this slowly for about seven months and I've reached the part where I have to pick a business model, which I've been avoiding. What exists: 240,000 owner records acro…
Talking to insurance people about a tract I might split into six pieces and I got two different answers in one afternoon. My agent said raw land needs nothing because there's no s…
I manage rentals for other people, so the paperwork discipline should have been there. It wasn't. 46 acres on the edge of a growing exurban county, $9,400 an acre, $432k. Zoning w…
Ten week paid search test for off market small rentals in a secondary market, run with a partner who has done this before and a freelancer who set up the account. Budget was $6,40…
I bought this thing because I wanted income without picking up a second job, and the whole test was whether a room-by-room house can survive being run by somebody else. Three year…
Three units, two 2-bedrooms and a 1-bedroom in the back. The 2-beds are rented at 1,250 and 1,225, both tenants over a year, both pay on the first. The 1-bed has been empty since…
I've been looking at a fourplex and a five unit on the same street, similar age, similar rents. My agent said the fourplex is a residential loan and the five unit is "a whole diff…
There's a town near me with a private liberal arts college, maybe 1,800 students, and houses go for $140k to $180k for four bedrooms. Rents around $500 a bed. On paper that's a mu…
I've got two 8-unit buildings under contract as a package, six blocks from a regional public university in the upper midwest. 16 units, mostly 3 bed, leased by the unit rather tha…
Six months in and the thing I still can't settle is whether the tax wrapper is worth what it takes away. Inside the IRA the compounding is clean, especially on interest, and passi…
9,000 sf, two story, was a furniture showroom until about 2016 and has been half empty since. Upstairs converts reasonably cleanly to six one bedrooms. The ground floor is the arg…
Story
Full gut on a 1920s four square, senior hard money loan covering purchase plus about 70 percent of the rehab number, and a gap position from a guy who does three or four of these…
I work mostly on the debt side, so when someone hands me a deal the first question I ask is what happens if it goes badly rather than what happens if it goes well. Track record is…
I've been reading through two phase one exit plans from developers in the same metro, similar lot sizes, and they've made opposite decisions on the same question. I'm still on the…
I bought 22 acres two years ago for the land. There's a 1970s farmhouse on it, three bedrooms, sound roof, working well and septic, and I've been treating it as a teardown I haven…
I own land and two rentals I've held a long time, and with anything new I like to start absurdly small and see what breaks. Somebody told me a single studio near a hospital counts…