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Sitting on a 94-page LLC agreement plus a 130-page PPM for a fund raising into two current-map tracts, and section 7 has a cost allocation clause I haven't seen before in this sha…
I've been reading fund pages and the minimums are all over the place. One said $250k and accredited only, another said $50k. Somewhere I also read that you can put ordinary saving…
I set up an account on one of the crowdfunding platforms to see what it actually looks like inside. There are two very different things offered and I can't tell what separates the…
Working through a $25k offering and the structure is two layers. I subscribe into a Delaware LLC the platform formed for this deal, and that LLC is the limited partner in the spon…
I spent six months researching, and my first real move was a conversion that never got permission to exist. The property: a 4,100 square foot 1920s house, six bedrooms, two baths,…
A lender who works the next county over offered me a piece of a note at 11 percent on a 1950s three bedroom in a town of about 4,000. First lien, roughly 60 percent of a value I c…
Started this ten months ago out of frustration. I'd get dispo blasts with a repair number and no line items and I could tell from the photos it was wrong by 15k. So I asked one wh…
Nine LPs, $610,000 raised, small building. For the first three quarters I sent an email that said things are going well and here is your distribution amount. That was it, maybe fi…
My CPA billed $1,400 in February for what she called cleanup and I want to understand what I'm actually paying for before it happens again. The setup. Three single family rentals,…
Landlord client, four doors, full tear-off and replacement on one of them, invoice is $9,400 and says "remove existing shingles, replace decking as needed, install new roof." He w…
I do renovations normally so I'm used to carrying builder's risk from the day I close. Someone in my local group said on a double close you don't need any insurance because you ow…
Under contract at 189k on a house with a kitchen fire in the back half, structure is fine, the smoke is not. Builder buyer at 231k, cash, wants it in ten days. I'm not touching th…
Met a wholesaler at a local meetup while I'm finishing up my licensing coursework. He has a duplex under contract and said he's slow on the buyer side, so if I bring the buyer he'…
I want income that doesn't turn into a second job, so I've been reading about buying rentals that are already tenanted rather than fixing anything up. Someone in a local group poi…
I've been at this maybe four months and mostly I go to open houses to hear people talk. There was a lender guy at the table with a bowl of candy and a stack of business cards nobo…
A borrower I have known for a while asked me to look at a 40 acre parcel on the edge of a growing exurb, split zoned, no utilities to the line, and he wants a 12 month loan to car…
Sold a 1970s three bedroom in a secondary midwest market 18 months ago, 168k, buyer put 5% down, I carried 159.6k at 7.5%, 30 year amortization with a 5 year balloon. Payment 1,11…
I'm carrying paper on a duplex I own, buyer putting 12% down. The agent's line was that if the buyer stops paying I just take the house back, and that sounds far too simple to be…
I've been getting my license and doing paperwork all year, so this was the one thing I did with actual money in 2026. A guy who buys small pools locally was breaking one up and ha…
Small three tenant shell on an outparcel next to a grocery-anchored center, secondary market. Total project cost came in at $1.9M. I've wired a lot of these for other people and t…