it finished, here is how it went
Take an operator who buys vacant parcels, 5 to 40 acres, across four counties that are rural but not empty. After two years of reading about direct mail without pulling the trigge…
A single house turn illustrates how much timing alone can move the numbers. Picture a 3/2 that sat empty 51 days on its previous turn, costing the owner two months of holding cost…
A common pattern among people trying to find one small rental to hold, rather than wholesale, is chasing the list before ever picking up the phone. Say someone signs up for a data…
I'm about as new as it gets, so treat this as a field report and not expertise. Deal was 142,000 to me, 167,000 to the end buyer, both legs on the same day, funder at 1% flat so 1…
Take a small town case, population under 4,000, a three bed one bath house at 1,180 square feet on 1.4 acres. In a judicial state, notice can be filed 14 months before a sale date…
I bought a 2/2 condo in a small ski adjacent town and a 3/1 bungalow twenty minutes from a regional hospital, and I never had any intention of running either myself. I interviewed…
Take a private loan on a full renovation of an older three bedroom in an established suburb: first position deed of trust, lender's title policy, lender named on the hazard policy…
Take a $2.5m position in a $6.5m mezzanine tranche that ultimately recovers $560k around month 31. The sequence of a case like this matters more than the final number, because the…
Consider a small portfolio, six units across three buildings, all unfurnished long term, where an owner hears a regional office a mile away is adding staff and decides the next va…
Here is a case worth studying for anyone stuck in analysis mode. The thing that usually moves a first timer is building a carry model they actually believe instead of one that mak…
A case worth studying in reverse wholesaling: an operator spends two months collecting written criteria from small buyers rather than chasing houses first. Two buyers end up wanti…
Writing this from the sponsor side. Mid-size industrial infill, five buildings, $14.2m purchase. Senior loan was $9.1m fixed for five years with defeasance and a lockout through y…
This is a management contract failure worth studying in detail. A 24 unit, 96 bed off campus portfolio goes out to bid and gets won at 4 percent of collected rent. Four bedroom un…
I mostly look at deals from the capital side and I don't usually pay for marketing, so this was new to me and I got it wrong in an ordinary way. A partner and I had a 19 acre parc…
Take a house with an existing permitted detached ADU, 560 sf, already leased at $1,725. Asking $612k, and a deal like this can close at $571k, with the discount sitting in a docum…
A useful case study on land banking risk. Take 3.5 acres of scrub purchased for $28,000 cash about a mile from where a new highway interchange was supposedly planned, based on a b…
I've been circling this business for a while without knowing which side of it I belonged on, and the first thing I actually finished was small enough that I could hold all of it i…
A case worth studying on the coordination side of a small acquisition run, because it is the part most buyers get right by accident. Take an investor who buys six small residentia…
Six months, $18,400 all in, and the failure was a sentence of ad copy I approved without thinking about it. I came at seller leads from the renovation side, so my underwriting sta…
Take a $95,000 first lien funded through a loan broker on a single family rental in a slow secondary market, borrower buying to hold and refinance out. Appraisal came in at $146,0…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
