it finished, here is how it went
My farm ground cash rents hit in March and I rolled most of it into a flip I'm wrapping up in Lakeland, about 260k into that project and I won't see it back until probably late Ju…
Found a off-market fourplex in Mesquite, owner wants to sell, numbers land right at what my guy told me he wanted back in February. 78 cents on ARV after repairs, stabilized rents…
A bridge fund held one loan that represented 18 percent of the portfolio by committed capital. The borrower missed stabilization, requested a six-month extension, and the fund gra…
The number most operators watch is the nightly rate. The number that actually decides whether the model works is the gap between what a unit costs to hold empty and what it costs…
The $2,470 spent on those leads looked defensible when the agreement was signed because the vendor quoted a 3.8 percent contact rate on a 1,200-record list of absentee owners, whi…
The statement she sends shows gross rent, then her 8 percent fee, then repairs she authorized, and I get a number at the end. That net hits my checking account and I have been rec…
That is the thing I kept reading was impossible to pull off consistently. My guy who runs the installment contracts had a cousin using a 3/1 in Kingsport, Tennessee this way, and…
The seller had a well-furnished home, the agent had a staging contract in hand, and the staging company's position was that partial jobs on properties at that price point carry mo…
I have been building townhomes so long that I forgot deals could move this fast. We were under contract inside of five days. Seller was a retired teacher who inherited the propert…
Closed the Garfield Heights spec last Friday, $287k, bought the lot for $41k in January 2023 and put $164k into the build. That's $82k gross before I back out the $14k in holding…
I put capital into a single-asset fund in 2022, deferred a gain from a business sale, and the property underperformed badly enough that the fund wound down at a loss last year. So…
Take a note bought at 38 cents on a $94,000 UPB, so roughly $35,700 in. The collateral was a single-family in a judicial state with an 18-to-24 month foreclosure timeline, borrowe…
We went into this as a straight buy and hold, 24 month horizon, a Bexley fourplex I put in $190k on. The term sheet said disposition at or around month 24, split proceeds 70/30 af…
A standard contract-to-close file has a predictable shape: purchase agreement, contingency dates, lender milestones, title, close. A construction loan file has that shape plus a d…
The GC had quoted $18,400 for tear-off, decking repair, and a full architectural shingle install on a 2,200 square foot ranch. The sub he actually used billed $14,200, finished on…
A deal worth studying: a 48 unit project in a mid-size secondary market, construction complete, CO issued, and the GC had signed a lease-up guarantee promising 93 percent occupanc…
A lead that came in at day one and got called at day three is already cold in most markets. The pattern worth studying is a seller who submitted a form on a Sunday night, got an a…
Under contract at 138k on a 3/2 in Warner Robins, Georgia. The seller responded to my fourth mailer, which I did not expect because I had written that address off after the second…
The 12-acre waterfront parcel in Skagit County had a weird access issue, a peninsula that narrows to about 40 feet at the connection point, and I needed something that showed scal…
Here is a loss pattern that shows up in residential assisted living more than it should. Take a 7 bed home in a suburb of a market like Spokane, bought at the end of 2022. The sel…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
