I've been building a list of small multifamily for about eight months. 40 buildings, all 4 to 12 units, all in one metro, and I have offers written on none of them because everyth…
Closed acquisition on a 1950s ranch six weeks ago, all in around 212k with the buy plus about 41k of scope. Comps in that pocket support 305 to 318 depending on how the kitchen la…
Direct mail, about 4,000 pieces a month, call it 300 inbound leads a month if you count everything including the angry ones. Response rate around 1.2% on new lists, better on repe…
9-unit, 1960s brick, listed three weeks ago at $1.24M. Signed a 5% total commission, 2.5 each side. Rents are $8,900 a month, T12 NOI just under $84k, so I'm priced around a 6.7 g…
Application is in, exam is scheduled for six weeks out, and in the meantime two investors I met through a rehab crew both want me sourcing off-market houses for them starting in M…
I look at lending because I'd rather hold paper than a roof. Someone described a scaled lien operation to me as a bond ladder where the county does the collecting, and that framin…
An operator I've known for two years runs a 9 seat calling service for investors and wants working capital. Not equity. He wants a facility against receivables, and I've spent a w…
I sold my share of a mechanical outfit last year and have 140k sitting in a money market. A GC I subbed alongside for six years called me about a flip he's got under contract and…
I have a gain coming from a business sale that closes in Q4, so my window runs into 2026, which puts me right on the seam of the transition. I've been through both PPMs twice. Fun…
An owner with about 40 doors across a few small buildings asked if I'd take his maintenance calls. Roughly 30 of those units are voucher tenants. He's offering $1,800 a month as a…
Platform I've been an LP in since 2021 just closed a portfolio refi. 14 of the 19 facilities went into a single loan, $118M, they're calling it about 62% of appraised value. Cash-…
I have four single-family rentals and I insure them for between 1,300 and 1,650 each, so when I put a triplex under contract I penciled 2,200 for insurance and felt generous about…
I want income that doesn't turn into a second job, which is why I've stayed on the property side. But someone I know reasonably well is selling half of his real estate media busin…
I've got six passive positions across four sponsors, plus about a dozen sponsor relationships I want to keep warm for the next raise. Right now it's a spreadsheet, a folder tree,…
Two done, going for the third, and this is where the qualification problem stops being theoretical. Property one: bought at 3.5 percent down, PITI 1,640, leased at 1,975 for the l…
This is off my usual path. I run small multifamily, and every unit I own has taught me something, so I know exactly how much I don't know here. But I got shown a 118 acre almond b…
A friend forwarded me a private placement deck for a hotel fund. Value-add, three assets, all limited service in secondary markets, one of them a repositioning where they're rebra…
I'm putting money behind a small acquisition program, single family rentals in one midwest metro, target purchase price $160k to $200k, aiming for eight to twelve closings over th…
Under contract review on a freestanding 8,200 sf retail box in a midwest town of about 22,000, auto parts type user, national chain on the sign and the corporate entity on the lea…
Been building a small portfolio for six years, 31 units, and along the way I've collected people who ask me every year whether I have anything they can put money into. I've never…