900 hours and $22k of materials into a park JV. Walked out with $9k.
The operating agreement said my membership interest was 25 percent. It did not say what I gave for it. That sentence is the whole loss. Deal shape: 33-lot park in a small market,…
All 132 real estate strategies.Every room answered.
Start with a RE category
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it finished, here is how it went
The operating agreement said my membership interest was 25 percent. It did not say what I gave for it. That sentence is the whole loss. Deal shape: 33-lot park in a small market,…
Client signed a twelve month agreement in January, verbal plan was to go from two dedicated callers to six by March. They were already 62 percent of my revenue at two seats. At si…
28 unit garden-style, three buildings, 1978, secondary southeast market. Broker had it lightly marketed and it had already been under contract once and fallen out. I went in on th…
I hold LP positions in nine syndications plus two note funds and I wanted one place to see deal flow, sponsor communications, distribution history, and where the tax documents wer…
I've been circling the service side of this for a while and finally sold something concrete: a pre-design feasibility screen for owners thinking about a backyard unit. Flat $850,…
Posting the variance because the shape of it surprised me and I've since seen it in two other operators' books. Acquisition: 610k on an eleven room licensed house in a mid-size ma…
This is a small one and it is the least exciting deal I have ever done, which is why I am posting it. Land, no house, no tenants, no rehab crew. A regional bank ended up owning ab…
Sponsor had 140 LP entities and every quarter the distribution run produced returned ACH payments. Q1 was 16 failures out of 141 payments, so 11%. Each failure cost roughly 25 min…
I proposed this in March expecting to be laughed at. The agent I liked was pricing at 2.5 flat, and about half of what I was looking at was coming out of my own scraping of assess…
I wanted to be ready. That was the whole logic and it cost me about $1,900. Eleven months ago I formed the LLC, opened the business checking, subscribed to accounting software on…
I had 120k to place and no interest in watching a ticker. The thing I wanted to know before committing was whether the sponsor's repurchase plan had ever been tested and what happ…
I buy things I intend to hold for twenty years and this one taught me something I hadn't priced. Two purpose-converted 8-bed homes in the same suburb, bought as a pair, $610k and…
Post mortem on a text-first seller lead qualifier. I built it, I sold it, and messaging deliverability killed it in about seven weeks. What it was: investors upload a list, my sys…
Selling a small inherited house next spring and I decided to run the marketing myself rather than take whatever package comes bundled. Hired copy and photo separately. The copywri…
Finished this one out last quarter and it's the most expensive lesson on my list so far. 60k into a private non-traded REIT, Reg D offering through an accredited platform, industr…
I put 120k of Roth IRA money into a value-add residential fund in early 2023. The pitch was 14 to 16 percent, the sponsor had a track record I checked properly, and the whole poin…
Closed on a small duplex six weeks ago that I did not find myself. Someone else found it, negotiated it, and I paid him $6,500 at closing for the service. I was nervous about the…
Numbers first. 31,000 sf multi tenant industrial flex, four tenants, small southeast market with a real logistics story. Estate sale, listed for seven months with a residential br…
I put $5,000 into an agency mortgage REIT 15 months ago because the yield line said 11 percent and I wanted to see how one of these actually behaves before I put real money anywhe…
Spent seven months building what I thought was a real disposition operation. 214 names in the CRM, 61 of them tagged as verified, which for me meant proof of funds seen in the las…