I sold two low price point single families in a small market, cleared about $60,000, and I did not want to be a landlord again for a while. I put $59,947 into one commercial mortg…
Bought a 1960s triplex in a first ring suburb for $520k with FHA at 3.5 percent down, so $18,200 down and about $12,000 in closing costs and prepaids. PITI with the mortgage insur…
This one closed last month and most of what mattered was the paperwork, so bear with me. The property: a 1,450 square foot two story in an older working class neighborhood about 9…
Deal was 118k on a 3/2 in a first ring suburb, going out at 133k, fee 15k, split 60/40 to my partner because he brought the seller and I brought the buyer. My first real fee and I…
I look at deals from the lending side and I'd never seen one of these come across as a borrower profile until this spring. Someone came to me for a second position loan of 60k aga…
I bought this parcel in 2016 because it was cheap and sat on a highway just past the edge of town. Held it, paid the taxes, mowed it twice a year, did nothing with it. Nine years…
I put $90k into a $3.2m mezzanine tranche on a 112-unit workforce apartment deal, expecting a 36 month hold. The sponsor sold at month 14 and I got paid $27k on top of my principa…
Our partnership has four of us tracking a slow acquisition pipeline and a lender list, and we hired a consultant to build the whole stack. Pipeline for properties, a second pipeli…
For anyone new: a notice of default is the document a lender or trustee records at the county when a borrower is far enough behind for foreclosure to start. It's public. That's ho…
Finished this in March and I've had time to look at it properly. Deal. A wholesaler in my market was drowning on the sell side. He gets contracts, he cannot move them. I took disp…
I'd been doing service work around real estate for a while and figured I understood the business well enough to fund someone else doing it. I did not understand the paperwork part…
Started with 62k I'd carved out of the service business over a few years and a plan to put it into deal-level real estate without owning anything. Eleven positions across three pl…
I have wanted the boring version of this for a while. Here is what I did, in beginner terms, because I was the beginner nine months ago. I had 61k sitting in a 401k from a job I l…
Land plays into industrial income without a building on it, so here's how one went. I bought 6.1 acres of I-2 zoned ground in a secondary market about 4 miles from an interstate i…
Small one, 22 spaces on a corner in a college town, bought it for $140k because it looked like the simplest thing I'd ever own. No roof, no plumbing, no tenants calling at 11pm. I…
Four assets in the fund. Two leisure-destination properties in a drive-to market, two select service boxes near a mid-size airport. My check was $75k into a $60m equity raise, so…
I wanted income without a second job, so 55k went into three REITs picked for yield and sector spread. Residential, net lease retail, and a healthcare name. Blended yield at purch…
An agent I met through a framing crew asked if I'd walk a 7,200 square foot house with her before it listed. Her problem was that she could see the house wasn't ready and couldn't…
First real season of systematic deployment. $610k across 214 certificates, three counties in two states, one servicer handling the paperwork. Modeled 8.5% net to me. Actual came i…
This is the one I got wrong, and I did the due diligence, which is the annoying part. Two 1990s vintage bulk buildings, roughly 310,000 square feet combined, 24 foot clear, in a s…