The conversion clause cost me $9,400. I had read the contract.
Signed a two seat agreement with a VA agency in the spring. Two years later I wanted to bring one of them in house directly, and the exit cost was $9,400. I want to be clear that…
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Signed a two seat agreement with a VA agency in the spring. Two years later I wanted to bring one of them in house directly, and the exit cost was $9,400. I want to be clear that…
This worked out, and it worked out slower than it should have. Cutover means the timber's already been harvested, so you're buying close to bare land. The previous owner clearcut…
Lead came from a lending contact of mine, a tired owner of a small 4 unit in a soft submarket. I brought it to a wholesaler I'd worked with once before on the dispo side. Contract…
First deal after a very long analysis stage, and the thing that broke was the one I'd modeled most confidently. 104-key extended stay, secondary market, bought at $9.5M with a $2.…
I spread 12k across six equity deals on one platform over about eight months, 2k each. Different states, different property types, two small multifamily, one self storage, one ind…
First parcel, first anything. Asking was $74,500 for 11 acres about 40 minutes past the last subdivision on a state route, gently rolling, county road frontage on the north side.…
I own a three bedroom, live in it, and had two empty rooms doing nothing but holding boxes. Six weeks ago both are rented and I want to write down what happened while it's still f…
I already do back office work for a handful of small landlords, so bookkeeping looked like the obvious adjacent line. Recurring, sticky, the clients were already asking. I signed…
Twelve month contract, ended it at month nine by mutual agreement. Writing it up because the failure was entirely in one assumption and it's an assumption a lot of people are maki…
Closed this out in January at a loss of about $101k over 16 months. Fast, thin, and I got the thin part wrong. 4.1 acres on a paved county road, $310k. Zoning allowed six lots by…
I manage other people's rentals for a living and I sold one of my own on my paper this spring. Nine years of owning a plain 2 bed 1 bath, about 900 square feet, three blocks from…
Started this in 2022 with 87k of Roth money after a year of reading and getting most of it wrong out loud in threads here. Book as it stands: six notes, all seconds behind institu…
Writing this as the passive side of the trade, because I do not think I have seen this failure described plainly anywhere. Two years ago I put $35,000 into a joint venture with an…
19 positions, four platforms, first commitment in 2019, last in 2024. Average check just under 5k, about 96k deployed total. Ten equity, nine debt. I tracked it the way I track ev…
I'm an LP on a 96-unit apartment deal, small check, and I read the property management agreement before I funded. It's not the operating agreement, it's the separate contract betw…
Zero deals before this one, so treat everything below as a beginner reporting back. I signed a written buyer agreement with an agent who works mostly with small landlords. Her fee…
I've been the guy who reads instead of offers for about a year, so I'm putting the whole thing down while I still remember the ugly parts. Parcel was 5.1 acres at the edge of a gr…
Closing this one out after four years so I might as well write down what it actually cost. I came in as an LP for $200k out of a $6.4M LP raise, so 3.1%, on the conversion of an o…
Land version, since most of the room is doing houses. 34 acres, mostly cleared pasture, 700 feet of county road frontage, an hour out from a growing small city. Seller was an out…
This isn't mine on paper. My aunt owns a 26 site campground on a river, an hour from a decent sized city, and she asked me to run the books and the bookings two years ago because…