it finished, here is how it went
A 66 lot park makes a clean illustration of why the sources and uses matters more than the deck. Tenant owned homes on all but four lots, master metered water with a submeter conv…
Take a 14 unit building, 12 apartments and 2 ground floor commercial bays, with an owner wanting one manager for the whole property. A residential-focused shop, strong at turns, m…
Worth studying as a case in LP diligence. Say 40,000 goes into a small self storage syndication with a sponsor met at a conference, and three and a half years later the capital re…
Consider an investor with eight apartment units moving into industrial property for the first time, expecting the asset class to be simpler than apartments. It tends to be differe…
Consider someone looking for passive income who ends up funding half of a $50k earnest money deposit as the passive partner in someone else's luxury wholesale deal. The setup: an…
Posting the numbers because this room mostly has people asking whether the nightly model works and I have one full year of it now. What it is: two bed one bath cabin, about 1,100…
I came off the trades side and got my license last spring, mostly because I was tired of doing free scope estimates for guys who then bought the house through somebody else. First…
Income is the reason LPs put capital into a syndication, and a case worth examining is a $30k position in an apartment deal from 2022, sold back to the sponsor last year at 0.88x,…
This was a rental I got talked into flipping instead, and the arithmetic looked airtight on paper. ARV 288 from three comps within a quarter mile, all closed inside 90 days. Repai…
Take a small town case, population about 4,200, an hour from anything. 11,000 sf building, half storefront retail and half warehouse, three tenants. Rent roll shows $86k gross, ex…
Here is a loss worth laying out with its numbers, because every piece of it is avoidable. Take a four bedroom on the edge of a state school town, $340k, 5 percent down on an owner…
This is a case worth studying because the failure is never in the math the buyer runs. It is in the question the buyer never asks. Take an 11,600 sf single tenant drugstore format…
Bought in mid 2022. 264 units, 2015 vintage, Sun Belt metro that everyone including me thought was undersupplied. Basis $51.7M, $196k a unit. Floating bridge, 70% of cost, SOFR pl…
Three years in on a sub-to and it's worked, so here's what it actually took rather than the version where you inherit a rate and go to sleep. Acquisition: 1990s four bed in an inn…
Builders sometimes carry paperwork inherited from a prior employer long after it stops fitting the business, a two page sub agreement with no change order procedure, no notice req…
A useful case for anyone figuring out which luxury flip strategy actually fits their capital: an operator spends four months circling a dated 2.4M ranch on a good street in a genu…
Six weeks in, so this is early, but the part I was scared of is done and I want to write it down while I remember the details. 1970s three bed two bath in a small city about 50 mi…
Take a 1970s three bedroom in a soft suburban submarket, listed in spring. Say the seller pays for the agent's standard package plus $2,750 out of pocket for the premium treatment…
Take a small photo and video team pricing a retainer for a 14 agent brokerage: $1,900 a month, six shoots included, additional shoots at $140. The assumption behind that number is…
Take a builder who does one or two spec houses a year. Say he has a lot and a construction loan but needs money to cover the gap between draws, offering 12 percent for what he exp…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
