Last March I closed on a 4 bed 2 bath ranch in a first ring suburb, 310k, 25 percent down. The reason I bought that particular house was an operator I'd met at a local investor me…
I've got signed agreements on three small apartment buildings, 22, 34 and 41 units, all in the same submarket about twelve minutes apart. Fees come to roughly $9,100 a month at 6%…
Story
A friend runs the food side at a u-pick orchard about an hour out and she was short people for the first big October weekend, so I said yes because I'm trying to figure out where…
I've been at this a year with nothing bought. Two weeks ago I sent a consultant a small multi I'm looking at, 4 units, $180k asking, self managed by an owner who's 78 and hasn't r…
I'm planning a first purchase and someone in another thread suggested paying a consultant to look over the market I'm circling before I commit. When I emailed two of them, one quo…
I've got a small portfolio of rentals and I've learned the hard way to keep reserves, so committing money for five years makes me itch. The deal I'm reading says target hold of fi…
Three and a half years into what was sold as a 24 month entitlement play, and there is a capital call notice sitting on my desk. Deal shape: 140 acres of raw ground on the growth…
I've got money set aside for a first small multifamily and I've now interviewed two agents who both call themselves investor focused. The first one brought me three properties tha…
I manage a building for an OZ fund and I've spent the last month reading offering documents for my own account, and I keep landing on the same fork. Single-asset funds. One proper…
Closed last month on 12 acres at $84,000, seller carried. Terms: $16,800 down, $67,200 at 5.5 percent interest only, monthly payments of $308, balloon at year seven. Taxes are $52…
This has been theory for me for months and now an actual one has shown up, which is not the order I wanted things to happen in. The seller is a coworker's brother-in-law. Divorce,…
Working a house where the numbers are: $412k balance at 3.125%, PITI $2,190, market rent $2,450, seller wants $45k for her equity and would carry $30k of it, value around $520k. E…
First rental is coming and it looks like it's going to be a house with a detached cottage in the back rather than the duplex I originally wanted. Which means I have to decide whic…
First rental going on the market in a few weeks and I got ahead of myself on the marketing. Here is what it cost me. I booked an aerial package for $450 off an ad that showed nice…
One of my two shooters passed the Part 107 knowledge test and is now telling me the business also has to register something before we can bill for aerials. I thought the certifica…
The same argument keeps coming at me from two directions when I read about how private capital moves, so I'd rather ask than keep guessing. One side says a specialist earns their…
This started as a flip. 1940s farmhouse, decent bones, 168k in at auction, and I figured 60k of work and out at 310. The listing said "12+ acres" and I read that as land, which ar…
Pulled 800 absentee owner records in a metro about 1,200 miles from me, single family, 15 plus years of ownership, out of state mailing address. Trace ran $0.12 a record so $96 al…
I want income without picking up a second job, and virtual wholesaling got recommended to me because there's no property to manage and no tenants. The pitch I heard was a $97 a mo…
I'm looking at a 4-bed house that the current owner rents to four separate people. He described it as per-room, but the paperwork he showed me is a single lease with all four name…