I've been reading both sides of this for a week and I genuinely can't tell which way to go for a first hire. The agency route: they recruit, they've already trained the person on…
Closed my first one 900 miles out last month. Running a service business for five years taught me systems, which helped, and taught me nothing about houses, which cost me. Numbers…
Parcel under contract at $18,000, 22 acres, rural county at the edge of a metro that's been growing outward. Contract is a standard purchase agreement, and/or assigns, 21 day clos…
A wholesaler I've been talking to for a couple of months asked me to come in on a land assignment. I'm the money and he's the work. Deal as he describes it: 22 acres, seller is an…
Sponsor is buying a 96-unit active adult property, ten years old, currently 93 percent occupied, in a second-ring suburb. Agency-style senior debt is in first position at roughly…
I've gone through the books of four operators this year while deciding where to put money, and the split was two and two. Two of them ran everything in a single accounting file wi…
This is a deal I didn't close, and the money went out anyway. I've been working toward a first purchase for a while and got further than usual on a four-unit near a hospital and t…
I've been reading gap deals for a few months without funding one, and the two lenders I've talked to sort the world in opposite ways. The first one underwrites the collateral almo…
A sponsor I'd been following for two years opened a $30M value-add fund and had about $8M soft circled for the first close. I asked for the limited partnership agreement and the s…
I sold the house I'd been living in, and since I've spent the better part of a year in this room asking whether advanced media is worth paying for, I turned my own listing into th…
The service business had a decent year and there's about 40k sitting past what I keep back for payroll gaps. I started looking at mortgage REITs because the yields on the screener…
I've been screening income names and a handful of mortgage REITs come up with yields between 11% and 15%. Everything else in the REIT list is at 4% or 5%. I read a comment somewhe…
Been going back and forth on this for a couple of weeks and I can't get to a clean answer, so I'll put it up. Small metro, maybe 180,000 people, and an investor client wants motiv…
Been building the list for eight months and this is the first one I'd actually chase. 1940s two story, 1,640 sq ft, vacant maybe three years. Knob and tube in the accessible runs,…
I run framing and finish crews so the construction side isn't the confusing part for me. The investing vocabulary is. I've heard people call a job a gut when all they did was rip…
Bought a 12-unit in a small metro in 2022. Five investors, all people I know personally, $310,000 total in, and I've paid quarterly since the second quarter of 2023. Nothing huge,…
I run the construction side of a small group that's put together two deals, and I've been handed the job of "getting our investor stuff off email." We have 31 LPs total. One vendo…
Closed six weeks ago and I want to write down how it actually went while I still remember the annoying parts. The tract: 210 acres of loblolly pine, average age around 18, one blo…
I've been looking at storage as a way to make a piece of ground pay without me showing up every day, and I've got two very different listings in front of me. Both are around 100 t…
I'm putting together a paid feasibility screen for operators looking at obsolete office and retail stock, and I can't get two clients to agree on what the first deliverable should…