Sold the back 0.4 acres and the house's basis problem went away
Bought a 1,340 square foot 3/2 four years ago at 168k on 1.1 acres at the edge of a town that has since grown toward it. Rent then was 1,340, rent now is 1,595. Unlevered yield at…
All 132 real estate strategies.Every room answered.
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it finished, here is how it went
Bought a 1,340 square foot 3/2 four years ago at 168k on 1.1 acres at the edge of a town that has since grown toward it. Rent then was 1,340, rent now is 1,595. Unlevered yield at…
I've been trying to learn the lending side rather than the owning side, and this was my first real position. Writing down how it went while it's fresh. What it was: a participatio…
Two properties, 190 and 155 units, both marketed as independent living lite. Age-restricted, no personal care, but with a package that included scheduled transport, a concierge de…
Five retainer clients, all residential agents and one small investor shop. Until last spring every one of them was priced on a deliverable count. 16 posts, 4 reels, one email a mo…
Construction is my background, so I understand structures better than I understand liens, and I proved it. The note was a second mortgage, $31k balance, on a 1,400 square foot hou…
Been billing per lead across three clients since last spring. Two of them are now on monthly retainers and the change came from a spreadsheet I built for my own use, not from anyt…
I met a sponsor at a local meetup and asked if I could be added to his investor updates without investing. He said yes, which I later learned is not a given. Some people won't do…
Last year I brought aerial in-house for my small media and turnover crew instead of subcontracting it. Numbers first because that's the only part that's useful. Startup: $6,800 fo…
First LP position I've ever taken, in a 96 unit garden style property in a midsize southeast market. I came in at $65,000. My day job is construction, so the only part of the deal…
I do renovations, so when a small note came up on a 1960s three bed that needed a kitchen and a roof, I looked at it as a way into the house at a price no wholesaler would give me…
Bought 22 acres from an absentee owner in a rolling farm county, $31,000, seller had inherited it from an uncle and the last person to set foot on it was apparently a guy with a t…
I've been mostly a land and long-term rental guy, two rentals, so this was my one experiment with furnished. A 3/2 ranch about twenty minutes from a regional medical center, alrea…
This closed out last month so I can finally write it up. Early 2023 I put $50k into a single-asset deal, a 1970s eight story office building in a mid-size southeast downtown, goin…
I've been working through the pre-licensing hours and doing some scouting on the side to have something going on. Found a duplex with a boarded window and a code violation posted,…
Checkbook IRA structure, single member LLC owned by the IRA, me as non-compensated manager. Held two performing seconds and a small unleveraged participation in a rented duplex th…
A 96-unit value-add deal in a southeast secondary market, $150k in for 4.1% of the LP class. I did what I tell everyone to do and sent the PPM, the LP agreement and the subscripti…
Signed an exclusive right to represent in January. Six months, area described as "the metro area and surrounding counties," 2% of purchase price. I read it, understood the words,…
I don't have money to raise and I don't have a deal. What I did have was a nagging feeling that I couldn't explain what I was looking for to another person. So I wrote the page I'…
Closed this one in the spring and it has run seven months, so I'll write it up now while I still remember what scared me. The property. 1974 fourplex, four twos, tired but not dis…
First LP position, $35k into a small industrial deal. I'd already decided to invest before I read the documents, which I now think is backwards. I printed the whole thing, 94 page…