I ran the experiment I'd been talking about for months. Two agents, one small investor, 14 files over about five months, flat $300 per file, paid at close. Nine closed, three fell…
Getting licensed at the moment, and my first real listing was a 36-lot park a family had owned since 1978. Not my money, so this isn't my win exactly, but I sat inside the whole t…
Small duplex, $186,000, my first financed purchase instead of cash from a partner. I hired a transaction coordinator because everyone said that's how you stop dropping dates. A TC…
The redemption notice came back with a line saying quarterly repurchases are limited to 5 percent of NAV and this quarter's requests exceeded that, pro rated. So I got about $2,40…
Closed last month on a house I'd been carrying too long. 5,400 square feet, built 2006, top decile of a secondary metro, my basis was $2.31M plus about $180k of deferred work I fi…
Writing this down because I made the mistake that everyone warns about and I want to be specific about how it actually felt from the inside. I put 26k into a single REIT last year…
Closed three weeks ago on the house I'd been in on a lease option since spring of the year before last. Posting the numbers because I got a lot of help in here when I was reading…
Started posting in June while my coursework was still in progress. The plan was to have an audience ready the day my license came through so I wouldn't be starting from zero. What…
Renovation is my side of the business, so I assumed I'd be the last person to get taken on turn costs. Wrong in an instructive way. Setup: I finished a heavy rehab on an 8 unit an…
Sold this in the spring at $3.35m against a $4.2m basis, 26 months in, and the loss on paper understates it because of what it did to my team's time. The asset: single story purpo…
I'm not buying yet, so this is a paperwork win rather than a deal. I spent three weeks calling lenders to find out who would actually count projected income from an accessory unit…
I'll lay this out step by step in case someone else is where I was. I bought a small 1,100 square foot house last year, 189k, needing a kitchen, a bathroom, floors, and paint. Mov…
When I funded the SDIRA two years ago I set an arbitrary rule that felt over-cautious at the time: eighteen months of full operating costs in cash inside the account before I'd sp…
I spent half a year reading fund decks for data center exposure and I finally admitted I couldn't evaluate any of them. Every deck had a power story I had no way to verify. Minimu…
Bought a 1958 three bed, one and a half bath, 1,340 square feet, at $158k. Agent's ARV was $265k, backed by three comps she sent in a one page PDF. Sold at $232k after 152 days on…
Closed this one out last month after 19 months, so the numbers are final. What I bought: performing second lien, UPB 41,000, coupon 10.5%, P&I 402, 27 consecutive on-time payments…
Fourplex, two up two down, 585k, in a first ring suburb where the current zoning only permits two units per lot. The building predates the zoning by about forty years. County prop…
I came into this from a completely different line of work and had no chance of buying a property with what I had saved. 25k, no local market knowledge, no time to renovate anythin…
Still a little stunned so I'm writing it down while I remember the order things happened in. Seller was an out of state owner who inherited a 3/1 from an aunt, had been paying the…
18k into a value-add multifamily deal on a platform I'd used twice before. 64 units, midwest secondary market, sponsor's plan was interior renovations on turnover, push rents abou…