it finished, here is how it went
Closed on 38 acres of mixed timber and old pasture in a low-population county at $27,500. Comps on similar acreage with clean frontage were running $1,600 to $2,000 an acre, so on…
Take a small house on 1.4 acres in a town of about 2,800 people, three bedroom one bath, listed at $118,000, four months on market, six showings, no offers. The original listing h…
Consider a $35,000 senior secured position on a 96 unit value add multifamily deal in a mid sized midwest market, raised through a portal. Structure: 11% current pay, monthly, 24…
Worth studying as a cautionary case, because the mistake is common among first-time private lenders. Say someone known casually, with two completed flips and a reasonable reputati…
Consider a course built on taking raw parcels through rezoning and preliminary plat in secondary markets, 14 modules with real submittal packages redacted and a spreadsheet modeli…
Take a live-in-then-rent portfolio at the point a fourth property closes and the lease on the third property starts the same month, keeping the sequence intact for another year. T…
Structure was a 2,500 monthly retainer, creditable against commission at closing, non-refundable if nothing closed. Twelve month term, which I talked down to four. He pitched it a…
I own three parcels I intend to hold for a long time. They generate no income and they cost me property taxes, a mowing contract on one, and liability insurance. About 7,400 a yea…
A useful case study in probate diligence economics, because the arithmetic only makes sense across more than one attempt. Losing an overbid at a confirmation hearing after spendin…
Consider a private lender who puts $62k into a spec build as a second position loan behind a $240k construction loan. Roughly 2,300 square feet in a decent suburban submarket, as-…
I've been reading here for a while and mostly posting about screening for the rental I have closing soon. This is the one before that, the one that didn't happen. Six unit buildin…
Public REITs offer something direct property doesn't: the ability to act immediately. Direct property takes months to buy and months to sell, while a REIT trade takes a click. Tha…
This is one of the more expensive lessons in small multifamily, worth laying out with its numbers because the mechanism repeats. Say a 1920s two-story in an older streetcar neighb…
I hold raw land, long. Four parcels bought across about three years, all in one LLC, nothing built, nothing rented. Carrying costs are small and boring: property taxes, occasional…
A common trap on crowdfunding platforms is a product page describing notes as short term, with an average duration under a year and a redemption request option, which reads to man…
This case is worth writing up because it was avoidable. Say an investor meets an agent at a local meetup who describes himself as investor-friendly and claims a pocket pipeline. H…
Take an operator closing on a 54 site park, 38 seasonal sites and 16 nightly. The seller's package shows 38 signed seasonal agreements at 3,200 for the season, roughly 122k of wha…
Closed August of the year before last, sold this past spring, out about 118k including closing costs on both ends. First facility I ever bought and I'd read everything twice, whic…
A case worth studying for anyone carrying paper on templates. Take a small two bed one bath sold in a low price market for 62k. Buyer puts 6k down, seller carries 56k at 9% on a 2…
Fast is my whole thing and it cost me this time. 6.2 acres, wooded, in a platted rural subdivision from the seventies. Owner in another state, inherited it, hadn't paid attention…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
