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
This is a small loss by the standards of this room but I'd rather write it up than pretend it didn't happen. Early last year a guy I've done renovation work for put together an LL…
I wrote $80,000 into a multifamily value-add deal as a limited partner. 1980s vintage, 180 units, business plan was renovate and raise rents. Target hold three to five years, proj…
Before my first LP position I asked the sponsor for references from investors in their earlier deals. They gave me six names. I found two more myself through a local investor grou…
Writing this out because I'd have wanted to read it two years ago. A sponsor I'd met through the management side raised a $2.6M mezz piece behind a $7.9M senior on a 60 unit value…
The clause was three words long. "Exclusively sourced by consultant." I read it, thought it meant the parks I brought them, and signed it on a phone call. Setup: a mid-size aggreg…
Closed out a passive position last month that I've been in since 2022, and the useful part isn't the return, it's which document turned out to matter. Deal shape: a two-building p…
Contract at 132k on a 1980s 3/2 in a subdivision where everything sells. Seller had moved for work and had a tenant who stopped paying. Assigned at 146k. Fee 14k, split 50/50 with…
Wired $25k into a small industrial deal in March. Four tenants, 41,000 square feet, a sponsor who does about one of these a year in a market I know because I grew up two towns ove…
Posting this as the beginner version because I was a beginner at it, even though I already had six units at the time. The house: 3 bed 1 bath, 1,100 square feet, older neighborhoo…
Numbers first, because that's the only part that transfers. Pull was absentee owners, 15 years or more of tenure, estimated equity above 60 percent, single family, no listing hist…
Sold a small two bedroom house I'd owned outright. 62,000 note, 8%, twenty year amortization with a ten year balloon, payment worked out to about 519 and we rounded it to 520. Att…
Three bed ranch in a working class suburb, contract at 118,000, end buyer signed at 139,500. Spread 21,500 and I had it under contract for 21 days. End buyer was using a DSCR lend…
Small portfolio, 46 certificates across three counties at the peak, and I found the ceiling in the least interesting way possible. In my state a tax certificate has a life. If the…
Closing this one out at month 11 because the payoff funded last week and I want the numbers down while they're accurate. The file. 2004 origination, note rate 5.25%, unpaid balanc…
Structure was clean on paper. I did the documents, my operating partner did the buying and the renovation, and a third party put in 85k for the rehab. To protect him we recorded a…
Trades background, so the only diligence I'm actually good at is looking at buildings. A manager raising a second fund of about $25M had 11 assets in the first fund and I asked fo…
Small team, we do turnover and light rehab coordination for a handful of owners. Started posting before and after work about two years ago and it brought in real business, so last…
Not a big deal by anyone's standard but it worked and I want to write down how. I'd spent about two months just talking to buyers, no deals to offer, asking what they buy. Six of…
Eighteen months ago I was reading recorder indexes by hand because I wanted to see filings before they showed up anywhere else. It took an hour every morning and I was doing it fo…
188 units, 2006 vintage, secondary Sun Belt market with a hospital and a university anchoring it. Basis $24.6M, $131k a unit against a replacement cost the appraiser put at $203k.…