it finished, here is how it went
First deal after a long stretch of research and no purchases, so I'll skip the part where I explain why it took so long. Two tenant shallow bay, 14,000 square feet, built 1996, 22…
Take an operator running four rentals whose books stopped being real. Everything running through one business checking account, deals in progress mixed with rentals, and every Mar…
First furnished unit, a 2 bedroom condo I bought last year and switched over from unfurnished. This is the part I got wrong and it wasn't the furniture or the pricing. I listed at…
A disciplined approach to a public REIT allocation is easiest to see in a full cycle example. Take 140,000 allocated to a REIT sleeve, deployed in four tranches over about five mo…
After looking at cases where an office deal went wrong, it is worth studying one that held up. In early 2023, new equity comes into a recapitalization of a newer office tower in a…
A small acquisitions operation buying single family homes in two metros spent 186,400 dollars in media plus 78,000 dollars in agency retainer over twelve months, with monthly chan…
A loss pattern worth studying because it repeats. Picture a buyer who spends fourteen months with three fourplexes under contract and closes none. Costs: $1,900 on the first inclu…
Take a 1972 walk-up, 12 units, about a mile from a flagship university that's added enrollment every year for a decade. Two bedroom, one bath units, 880 square feet, renting at $1…
Here is a case worth studying for anyone weighing age-restricted product. Take an 88 unit, built 2004, three-story elevator building in a suburban submarket of a mid-size sunbelt…
I've done passive deals one property at a time for a while and this was my first pooled fund, so I wrote down what I was going to check before I let myself get excited. $75k into…
I sold the condo I'd lived in for nine years to fund the thing I'm slowly building. Because I read everything twice, I asked all three agents whether they'd do a tiered structure…
Consider a cold calling operation run from January to mid-April before being shut down, with the arithmetic worth walking through because it is easy to ignore for months at a time…
Cosmetic flip, 1,340 square foot ranch, built 1961. I walked it twice, wrote a scope, and waived the inspection to win against two other offers. I frame, I tile, I've torn out mor…
This is a mistake worth studying because it hides inside a clause that reads like protection. Say a co-hosting agreement covers five units under one owner, all within a fifteen mi…
Take a brokerage built around new construction resale and inventory listings, staffed by agents who can read a spec sheet and talk to a superintendent competently. A common setup…
I've been building toward the leasing side while I finish licensing, and a small landlord with eight doors asked me to fill three vacant units with voucher holders. He'd been doin…
A single land campaign that produces one assignment is worth walking through, because the ugly middle is where the money actually sits. The parcel: 31 acres of cutover pine on a p…
Take a small rental portfolio where the owner has always shot their own listing photos to save money. Say a two bedroom unit at $1,450 a month gets shot on a phone at 4pm on a Thu…
Closed and done, so this is the postmortem. 74-key hotel in a beach town, three blocks off the water, no meeting space, heavy leisure. $180k into an LP raise of $6.4M against a $1…
For an investor whose income already moves with the market, the appeal of a non-traded REIT structure is often less about return and more about not watching a ticker swing on unre…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
