it finished, here is how it went
Consider an agent who asks a construction-savvy consultant to walk a 7,200 square foot house with her before it lists. Her problem is common: she can see the house isn't ready but…
Take an investor who put 55k into three REITs picked for yield and sector spread, residential, net lease retail, and healthcare, at a blended yield of about 5.6 percent, roughly 3…
First real season of systematic deployment. $610k across 214 certificates, three counties in two states, one servicer handling the paperwork. Modeled 8.5% net to me. Actual came i…
This is the one I got wrong, and I did the due diligence, which is the annoying part. Two 1990s vintage bulk buildings, roughly 310,000 square feet combined, 24 foot clear, in a s…
The rule this room repeats is to have a buyer before you buy a mattress, and a worked case shows what that looks like with real numbers. Take a three-bedroom townhouse in a suburb…
Eighteen months ago I was reselling VA hours into small investor shops at $22/hr and losing bids to anyone willing to go to $19. Margin was about 34% and shrinking. I finished the…
I do renovations for a living, so land was the odd thing in my portfolio for a long time. This one closed out in the spring and I think the useful parts are the boring ones. Bough…
Paper notes confuse a lot of people for months, and the cleanest way to learn them is to study the smallest deal that still has real collateral behind it. Take a note with a $27,4…
Take a nine unit brick walk-up in an inner-ring suburb managed for a family LLC, where a redlined management agreement dropped the manager's spending discretion from $750 per work…
I bought this in my second month of looking, which tells you most of what you need to know. 2.5 acres, listed on a land marketplace at $7,900, closed at $8,900 with fees and the d…
Bought a 3/2 ranch about a mile from a regional hospital campus in a mid-size market, $265k, 20% down, $22k to furnish it properly. All in cash at $83k including closing. Year one…
This one's finished and closed, so I can give the whole number. 1,380 sq ft bungalow, bought at 118 with hard money. Scope was a real gut: full rewire, all new supply and waste, H…
Even careful underwriting can miss the mechanics of a structure it hasn't run before. Take a double close: A-B at 224k, B-C at 259k, same day, cash on both ends, 35k in the spread…
Three property rehab, running about $310k of combined budget, and I moved draw tracking and lien waiver collection to a VA in month two because I was drowning. The process I gave…
I ask the dumb questions here so I'll narrate this the same way. I had never sold visual media to anyone before this and I priced it by guessing. The property was 68 acres of mixe…
A notice of default is the filing that starts the foreclosure clock, recorded at the county, which is why lists of these names exist publicly. Arrears means the missed payments pl…
Take a 168-unit, 1980s garden product in a second-ring suburb, average in-place rent around $1,340, previously run by a regional management shop for nine years. The trailing twelv…
Take a fourplex, older building, all four units on plain long term leases. Unit 2 comes open in summer, and a corporate housing provider has called twice over the previous year as…
I've been circling the investing side of this industry for about a year without a clear idea of where I'd fit, and the amount of money I have available is small enough that most d…
A case worth walking through in detail, since the mechanics matter more than the headline loss. Say an investor places a 120k gain from a five year hold into a single-asset QOF, g…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
