it finished, here is how it went
A pattern worth studying: two houses, seven rooms total, run as separate room leases. If every lease was originally signed around the same time, they tend to renew on the same cyc…
Bought a four unit last month, $585,000, small city, plan is a light rehab and hold. First real title mess I've been through, so writing it up for anyone who thinks the search is…
The gain wasn't mine directly, it came through a K-1 from a partnership that sold an industrial building in June. My share of the gain was $237k. I'd already picked a fund, had th…
48k had been sitting in a money market since I closed an old business account, and I wanted it in REITs without doing the thing where I dump it all in on the day I feel confident.…
Almost nothing I understood about this turned out to be true, so writing it down. I put $40k into a fund that described itself as a diversified office income fund. My assumption,…
I've been putting a slice of idle cash to work on the funding side of double closes for about three quarters now, and last quarter was the first one clean enough to be worth writi…
This one is worth laying out, because the title problem in the middle is what decides it. The lead is a 1,400 square foot ranch, owner two years into a divorce and five payments b…
The pitch was 11 agents, a recognizable local name, and a founder who'd been in the business 14 years. I looked at agent count and closings and thought I understood the business.…
A numbers-first look at a small aerial spend that worked, worth writing down. Take a six acre parcel with a creek along the back third and a stand of hardwoods invisible from the…
I closed on a 9,600 square foot single tenant retail box last year, a discount general merchandise user, small town, corporate lease with seven years left. Rent $170,400. I paid a…
An investor putting capital into a residential note fund and receiving quarterly reporting that amounts to one vague paragraph, something like portfolio performing in line with ex…
First SDIRA purchase attempt. It died and I want to write down exactly where. The property: $147,000, three bed, tenant in place at $1,295 paying on time for two years, seller was…
Take an investor who sold a small commercial building after a long hold, with a gain after depreciation recapture in the neighborhood of $94k, and no prior experience with opportu…
A common pattern, laid out factually, because it repeats. A new bird dog gets introduced to a flipper through a local meetup. The flipper says he pays 1,000 on any lead of his tha…
A useful case study for anyone working the substantial improvement test in a designated tract. Take a corner building, retail on the ground floor, two apartments above, purchased…
This is the worst project I've done and I want to write it down properly while I still remember the sequence. Background: I hold land and I don't usually renovate anything. I pick…
NOD recorded in a non-judicial state, auction 27 days out when the owner signed with me. Payoff came back at 187,400 including 14,200 of arrears and trustee fees. I agreed to 241k…
A case worth studying, because the sequencing mistake is the common one. Take a buyer under option on 27 acres, $5,000 option fee applied to purchase, 90 days to decide. The plan…
I started scouting to meet the people I eventually want to place money with, and I kept records the whole way because I wasn't sure the activity paid for itself. Seven months late…
Consider a limited partner who commits $50,000 to a self-storage syndication after reviewing a deck listing five prior deals, all full cycle, all between 1.7x and 2.2x equity, and…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
