Since I've posted two losses in this room I owe the other one. In early 2023 I put $60k into a recapitalization of a newer office tower in a strong downtown submarket. Built 2016,…
Until March I could tell you what we spent and how many leads came in and nothing in between. The agency reported cost per lead by channel, monthly, and I signed off on it for thr…
Fourteen months, three properties under contract, none closed. Costs: 1,900 on the first including a sewer scope, 2,400 on the second, 2,500 on the third which included a lender a…
Bought a 1972 built 12 unit walk-up about a mile from a flagship that's added enrollment every year for the last decade. Two bedroom, one bath units, 880 square feet, renting at $…
I've done passive deals one property at a time for a while and this was my first pooled fund, so I wrote down what I was going to check before I let myself get excited. $75k into…
I'd been trying to figure out which strategy fit me and ended up in age-restricted almost by accident. 88 units, built 2004, three-story elevator building in a suburban submarket…
I sold the condo I'd lived in for nine years to fund the thing I'm slowly building. Because I read everything twice, I asked all three agents whether they'd do a tiered structure…
Ran this from January to mid-April and shut it down. Writing it up because the arithmetic is simple and I ignored it for three months. Setup: two callers, part time, paid hourly p…
Cosmetic flip, 1,340 square foot ranch, built 1961. I walked it twice, wrote a scope, and waived the inspection to win against two other offers. I frame, I tile, I've torn out mor…
This is a land guy's mistake made in a service business, so I'll own the shape of it. Five units, one owner, all within a fifteen minute loop. Fee was 15 percent of collected nigh…
Construction is what I know, so when I got my broker license the plan was obvious to me. A brokerage specializing in new construction resale and inventory listings, staffed by age…
I've been building toward the leasing side while I finish licensing, and a small landlord with eight doors asked me to fill three vacant units with voucher holders. He'd been doin…
I don't want to be a wholesaler. I want income that doesn't turn into a second job, and I needed cash to seed the boring part of that plan. So I ran one land campaign, got one dea…
Small portfolio, and I've always taken my own listing photos to save money. Two bedroom unit, $1,450 a month, and I shot it on my phone at 4pm on a Thursday because that's when th…
Closed and done, so this is the postmortem. 74-key hotel in a beach town, three blocks off the water, no meeting space, heavy leisure. $180k into an LP raise of $6.4M against a $1…
Running a service business means my income already moves with the market. When a slow quarter hits, the last thing I want is to open an app and watch a REIT ticker down 14% on the…
$4,180 of spend later I have something I can actually plan against, which is more than I could say in January. Setup: I buy vacant parcels, 5 to 40 acres, in four counties that ar…
Writing this down because I think a lot of people preparing are doing what I did. I'm looking for one small rental to hold, not to wholesale, so my idea was to find an owner direc…
I run the management side and one of my owners, single house, 3/2, was about to leave in January. His complaint was fair. His house had sat empty 51 days on the previous turn and…
I'm about as new as it gets, so treat this as a field report and not expertise. Deal was 142,000 to me, 167,000 to the end buyer, both legs on the same day, funder at 1% flat so 1…