I bought a three-bedroom townhouse in a suburb about six miles from a business park with a few engineering and medical device employers. Closed in the fall. Plain rent for the tow…
Eighteen months ago I was reselling VA hours into small investor shops at $22/hr and losing bids to anyone willing to go to $19. Margin was about 34% and shrinking. I finished the…
I do renovations for a living, so land was the odd thing in my portfolio for a long time. This one closed out in the spring and I think the useful parts are the boring ones. Bough…
Paper notes confused me for months, so I bought the smallest thing I could find that still had real collateral behind it. Note balance $27,400, last payment mid 2022, small two be…
I do the paperwork for a family LLC that owns a nine unit brick walk-up in an inner-ring suburb, and last spring I redlined the management agreement myself. One of my changes was…
I bought this in my second month of looking, which tells you most of what you need to know. 2.5 acres, listed on a land marketplace at $7,900, closed at $8,900 with fees and the d…
Bought a 3/2 ranch about a mile from a regional hospital campus in a mid-size market, $265k, 20% down, $22k to furnish it properly. All in cash at $83k including closing. Year one…
This one's finished and closed, so I can give the whole number. 1,380 sq ft bungalow, bought at 118 with hard money. Scope was a real gut: full rewire, all new supply and waste, H…
Underwriting is what I do all day, which makes this one embarrassing. A-B at 224k, B-C at 259k, same day double close, cash on both ends. I put 35k in the spread column and built…
Three property rehab, running about $310k of combined budget, and I moved draw tracking and lien waiver collection to a VA in month two because I was drowning. The process I gave…
I ask the dumb questions here so I'll narrate this the same way. I had never sold visual media to anyone before this and I priced it by guessing. The property was 68 acres of mixe…
I wanted income without a second job, so pre-foreclosure was the last thing I expected to end up doing. What changed my mind was realizing I only needed one. For anyone new, a not…
Closed on this one 14 months ago as an LP with a co-invest seat, so I got to watch the whole thing. 168 units, 1980s garden product in a second-ring suburb, average in-place rent…
Fourplex, older building, all four units plain long-term. Unit 2 came open in the summer and a corporate housing provider had called me twice over the previous year asking if I ev…
I've been circling the investing side of this industry for about a year without a clear idea of where I'd fit, and the amount of money I have available is small enough that most d…
Writing this up because I referenced it in another thread and people asked. 2022, I had a $120k gain from selling a parcel I'd held five years. Placed the whole thing into a singl…
Buyer is a rental operator running around 40 doors who adds two a month when the price is right. He wanted exclusivity. I wanted repeat volume without being his unpaid acquisition…
Sold a block of stock in 2022, rolled 240k into an operator's project inside a designated tract, ground up 34 units over retail in a mid size southern market. I do a lot of due di…
I buy small second liens, mostly $30k to $90k balances, and through last year I was taking whatever value the seller had in the file. Usually an automated value, occasionally a tw…
The lot cost me 62,000 cash and the finished house closed at 452,000, eleven months from the first excavator to the closing table. I own a couple of small buildings and I'd never…