My remedies were worth nothing at the exact moment I needed them
I wanted income without a second job, and preferred equity in a conversion looked like the version of this room I could actually own. 11 percent current, 4 percent accrued, one as…
All 132 real estate strategies.Every room answered.
Start with a RE category
Next, pick a strategy
Then pick the type of post
it finished, here is how it went
I wanted income without a second job, and preferred equity in a conversion looked like the version of this room I could actually own. 11 percent current, 4 percent accrued, one as…
Sold a 60 acre piece I'd held since 2014, gain came in at $418k. I didn't want the whole thing sitting in one sponsor's hands for a decade, and I didn't love the idea of committin…
Wrote a 62k first position loan out of my self-directed IRA to a rehabber I'd worked with twice on the personal side. 11 percent, 9 months, house was a small 3/1 in a working clas…
This is a small win and I want to be clear about the scale before anyone gets excited. I've been holding 40 acres on the edge of a growing small town for going on seven years, wai…
I wanted to find out whether the service side of this was where I fit, so last year I took on management for two out-of-state owners. Four houses total, average rent 1,450, so 5,8…
Small deal, 44 units, age-restricted, secondary market. I underwrote 8 percent economic vacancy because that's what I use for conventional garden apartments in that market and it…
I manage 61 doors for 22 owners. Every year two or three of them tell me some version of "I'm done, the last vacancy took the joy out of it." For four years I just nodded and re-l…
First full program I've been responsible for placing, and the thing that worked was refusing to fund it all at the first close. Mandate was $22M into multifamily, patient money, n…
I do renovations and I keep bumping into sellers who don't want a rehab, they want out. I can't use those, so last year I started handing them to a five-person wholesaling group a…
Closed in the fall on a one unit with a detached studio over the garage, $415k, 5 percent down, owner-occupied conventional. I qualified partly on projected rent from the studio,…
No deals of my own yet, so when a friend listed her place I offered to handle the staging as practice. Figured I'd learn something and end up with inventory for later. Spent 1,900…
First attempt at a small duplex, $268,000, both sides rented. I went to a broker because two banks had already looked at me funny for being self-employed. He took my paperwork, as…
I manage this building. Owner bought it as a value add, 6 units in a decent inner ring suburb, and came up 40k short at closing in 2022. I'd been collecting rent for him for two y…
I stopped taking per-job staging quotes in the spring. Four flips since then on one flat arrangement with one stager, so I'll put the numbers down. Before: three houses in the 240…
Framing background, so what I have to offer an agent isn't capital, it's the ability to stand in a basement and tell her within ten percent what the repairs cost. Started doing th…
This was my first attempt at anything creative and I want to write down where it fell apart while I still remember the order. Seller was an older man, loan at 3.25%, balance about…
Writing this for people at the stage I was at, so I'll define things as I go. LP means limited partner. You give a sponsor money, they buy and run the building, you get a share of…
I wanted the version of this that just works. Aging population, supply growth at a two-decade low, occupancy heading toward records. That's about as clean a story as I've found in…
Small portfolio, sold a duplex in a rough spot last year, gain about $76k. I'd decided to put it in a QOF and I had one picked out, decent multi-asset fund, $50k minimum, I was go…
The payoff quote came back at $151,400 on a house I had under contract for $142,000, and for about ten days I was sure I'd burned five months for nothing. The deal: 1958 ranch, 3…