A small team lost their in-house coordinator with two weeks' notice in the middle of their busiest stretch. I picked up 11 active files at $325 each, flat, invoiced at close, on a…
Cancelled in month eight. Writing it up because the tuition was the smallest number in the whole thing. The pitch that got me was a "strategy fit" call in week two. I had $41k liq…
Gain came from selling a portfolio of three rentals in 2021, $612k. I put $600k into a QOF because I'd spent about nine months talking to my CPA about deferral and roughly nine ho…
$900k into a pref position on a suburban office-to-flex conversion, 12% accruing, no current pay for the first eighteen months, 1.35x minimum multiple at redemption. I read the wh…
Finished lease-up on this in the spring so I can finally talk about it with real numbers instead of projections. The project: 22 units, three stories, walk-up, surface parked, woo…
I'm still waiting on my license number, so I asked around first about whether I could take fee-for-service coordination work without one. Where I am the answer was yes as long as…
Sold the live-in flip in September. Twenty-seven months in the house, single filer, and the gain came in over the exclusion, which I honestly didn't plan for when I bought. Number…
Payment went from $1,412 to $1,741 in month ten and nothing about the loan changed. I was keeping the file on a sub-to for an investor I do coordination work for, so this one is o…
This one is fully on me and it cost about 11k. Early last year I was moving money out of a construction business account into something liquid and I wanted real estate exposure wi…
Writing this down while it's fresh because I would have wanted to read it in January. I joined a group that ran off a paid chat, $199 a month, and the main draw was a shared buyer…
1,100 square foot ranch, contract at 132, ARV I had at 205, scope I had at 24. First deal, six months of looking, and I got excited enough that I priced LVP and picked a paint col…
Payoff wired last week on the first loan I funded on my own paper, so the numbers are fresh. Collateral was a 4 unit in an inner ring working class suburb, brick, all four occupie…
Closing out the first full year with three carpenters on payroll instead of me and a helper, and the thing that made it survivable was signing two investors to reserved-hours agre…
A friend syndicated a small apartment deal, 22 LPs, and asked me to handle the investor emails for $600 a month. I said yes over coffee. Nothing in writing about what I was and wa…
Posting this because the failure was procedural, and procedural failures are the cheapest kind to learn from someone else. The asset: 88 acres in a cool-climate wine region, 71 pl…
I priced a three-format package off a spreadsheet last fall and ran it for a quarter before I looked at the actuals properly. Posting the numbers because the failure is boring and…
First deal after a long stretch of research and no purchases, so I'll skip the part where I explain why it took so long. Two tenant shallow bay, 14,000 square feet, built 1996, 22…
I've got four rentals and I'd stopped pretending my books were real. Everything ran through one business checking account, deals in progress mixed with rentals, and every March wa…
First furnished unit, a 2 bedroom condo I bought last year and switched over from unfurnished. This is the part I got wrong and it wasn't the furniture or the pricing. I listed at…
Closed out the first full cycle of something I set up deliberately, so here's what actually happened. Setup: 140k allocated to a public REIT sleeve, deployed in four tranches over…