1926 bungalow, 2 bed 1 bath, 168k, my first rental and I've been reading about screening for a year while apparently not reading enough about inspections. Inspection was 475 and t…
I've got 3k I can commit and no property, no experience, and a lot of tabs open, so this is my first move of any kind. What I've found: one platform will let me into a pooled fund…
First time trying this so bear with me. I found a fourplex at 519k, four two-bedroom units, currently rented at 1,100, 1,125, 1,100 and 1,050. I was going to do FHA at 3.5 percent…
Four unit, bought at 265k with a hard money bridge, 82k of rehab across all four units, all in near 360k. Stabilized rents are 1,150 a unit, so 4,600 gross. Appraised at 455k on t…
Six months of building models, no deals yet, and I want to stop being wrong about this line before I write offers. Here's my monthly carry sheet on a hypothetical 2.6M purchase in…
Sitting on a file that's supposed to close Friday and the two halves of it don't want to speak to each other. My client's deal: 148,000 buy, 176,000 resell, end buyer with a local…
Run a service business, five years in, and I've spent those five years inside other people's renovations without ever owning one. Now there's a 1960s split level near my kids' sch…
Rural county, the whole county has maybe 9,000 people. I got a call back from a letter I sent to a woman who inherited her uncle's place. Three bedroom farmhouse, 1,900 feet, on 4…
2.4 acre lot in a first ring suburb, I've been holding it four years waiting on a sewer extension. Somebody has been using the back of it as a dump. Last count from my walk: 41 ti…
I've owned raw ground and a couple of long-hold rentals for years, so this is new territory for me. An operator I've known through a local owners' group asked me to fund the equit…
I put money into a 180-unit deal as a passive investor and the first real operating report landed. Twelve pages. I read paperwork for a living on the acquisition side but I've nev…
First time looking at this asset class and I'm reading a private offering for a fund buying parks in three states. I don't have operating experience so I'm bringing the numbers an…
My aunt handed me her 11 units last month and the last bank reconciliation in the file is dated October of the year before last. She's stepping back, I'm running it now, so the me…
I pulled lists in two mid-size metros about 900 and 1,400 miles from me. Both are places I picked because the buyer forums there look busy and price points are under $200k. What I…
A friend asked me to sit in on her listing appointments because she knows I've been poking around the service side of this business. Her house is a 1,600 square foot three bed in…
This started as a normal seller call. Owner is 78, has held a 12 unit walkup since the eighties, nine occupied, three down and gutted to studs from a burst pipe two winters ago. H…
Underwriting is my day job and conventional apartments have been my lane for years. First 55-plus deal came across and half my template doesn't apply, so I'm going to ask the begi…
I've got capital sitting and I've been circling self-storage because everyone describes it as the low-hassle option. But I don't know how to tell a good facility from a bad one wh…
Pulled the numbers for my county before deciding where to point myself. Last year there were 212 closed sales above $2.5M. The five biggest teams touched 61% of them on one side o…
I wanted income without a second job so I put money with a partner who buys small rentals. He also pays a marketing agency $700 a month plus $2,000 media to find off market seller…