All 132 real estate strategies.Every room answered.
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it finished, here is how it went
I took a management and leasing assignment on a 23,800 sf unanchored strip in a second-ring suburb. Nine tenants, no anchor, built in two phases. Fee was 4% of collected rent, aro…
I lend short term against renovation projects, small book, mostly repeat borrowers who came through two brokers. The brokers were costing me a point on origination and, more annoy…
I've been trying to figure out where I fit on the service side, and what I've landed on for now is document coordination for small operators. This is the first engagement where I…
I run small multifamily and I've done this four times now. The first two were low-rate era and returned essentially everything. Number three returned about 80%. This one gave me b…
Committed $50k to a hospitality fund with a three-year investment period. The fee was 2% annually on committed capital during the investment period, stepping down to invested capi…
Everyone talks about the fee. Nobody publishes the spend on the ones that die, so here's mine. Spend: 2,300 on marketing, which was 900 skip traced records plus a dialer month and…
This is a loss with no closing statement, which is maybe why nobody writes it up. Early last year I had a small ground-up under contract. 9 units, 3 stories, wood frame, in an inn…
Finished this one 11 days ago and I want to write down what actually happened while I still remember the order of it. House: 1,320 square foot three bed on a slab, 1991, inner rin…
Small 2-unit, bank-owned, bought at 148k in a market where similar duplexes were trading around 205k. My plan was 30k of work, refinance, hold it. I've got three small multifamily…
Month-end closed on the fourth business day in October. First time in two years that's happened, so here's how it actually went. Starting point: two LLCs holding small commercial…
An 18-unit brick walk-up in a first ring suburb, 1.42M asking, 21 striped spaces in the rear lot and a lender who wanted at least one space per unit for the loan to work as quoted…
Got taken out at par plus exit fee last month on a mezz participation I put $125k into 22 months ago. Writing up the part that nearly killed it, because it wasn't in the mezz docu…
Working out what the first deal costs, and I decided bird dogging was the free way in. It wasn't free and the reason it wasn't is my own doing, so here's the accounting. Over seve…
The listing was a 9,200 sf single story office on 1.4 acres in an inner suburb, built 1978, three tenants, asking $760k. I looked at it because of the land, not the leases. The pa…
I split 61 acres into five lots after plat approval, put in a gravel access drive and one culvert, and sold three of them on my own paper over about fourteen months. 78k, 84k and…
This was my first park and I went in expecting to be busy. Land is what I know, so the appeal was obvious: I own the dirt, the roads, the water lines, and the residents own their…
I do passive positions mostly and I underwrite carefully, so when I started funding a local operator's acquisitions I ended up paying for his lead flow too. Over 14 months that wa…
Wanted to get into valuation work. Found the qualifying education requirement for a trainee credential in my state, signed up for the package, paid $3,100 up front for the courses…
The first draft the agent handed me was 12 months, the whole state, 3 percent. I read it twice, then read it a third time, and the part that bothered me wasn't the percent. It was…
First deal, a two unit in an older working class neighborhood, $5,000 earnest money, 30 day financing contingency. I hired a coordinator at $300 a file because someone in a local…