Contract at 74k on a 1,400 square foot two story in an older streetcar neighborhood, roof was near end of life and I priced that in. End buyer at 98k, cash, contract signed, fundi…
This is the loss post. It went fine on paper and then I ran out of money. Bought a 3 bed ranch at 244,000, 3.5 percent down FHA, so 8,540 down and about 6,600 in closing after a s…
I spend most of my time on land and zoning, which makes this one embarrassing. I checked the wrong thing. 1970s ranch, four bedrooms, two baths, bought at $198k in a small city on…
I do service work, so I'm walking through houses all week, and the idea of finding deals for the investors I already know seemed obvious. I asked nine of them if they'd buy a disc…
The deal was a 68,000 square foot storage facility in a secondary southeast market with a 22,000 foot climate controlled addition to be built on excess pad. Portal deal, accredite…
This was a bank-owned two bed plus a converted attic room in an inner-ring suburb, on the market 71 days with two price cuts. List was 164, I offered 141 with proof of funds and a…
The whole point of this purchase was income that doesn't call me at 9pm, so I bought the crop and gave away the farming. 60 acres of mature pecans, trees mostly 25 to 35 years old…
I've spent years underwriting, so I figured this would come easy. I treated it as a test with a budget and a stop date, which is the only decision I'd repeat. Budget: $14,000 acro…
This was the first time I've been the money rather than the person selling a service, and I nearly talked myself out of it four times. Operator was a contractor I'd worked with on…
28 unit new build in a designated tract, opened partly leased in early 2024. I quoted the management contract off the operator's pro forma, which had stabilization at month six, 1…
I'm writing this as somebody who did the entire buildout of a business that never took a client. The plan was a small independent shop, eight to ten agents, in a suburban market w…
I do fast stuff normally. Buy, fix in ninety days, sell, thin margin, do it again. Two years ago I got tired of paying tax on all of it and bought a house to live in instead. 1,32…
Portfolio was $290k across 90 certificates, nine counties in four states. The plan was geographic spread. What I actually built was nine separate procedural calendars and I tried…
This is a loss on process more than on money, and the process error is the interesting part. Last year I built a deployment plan around the gap between public REIT valuations and…
I've got a 40 site park, mostly nightly, and I'd been running it with one live on site camp host getting a free full hookup site plus 1,400 a month. On paper she cleaned two bathh…
Four small multifamily buildings in and I thought a single house would be the easy one. It closed 14 months ago and it has not cleared its own expenses once. House was 231k, 4/2,…
Two years ago I bought a $215,000 three bed in a decent suburb inside a traditional SDIRA. $112,000 IRA cash down, $103,000 non-recourse at 7.9 percent on a 25 year amortization w…
Small one but it cost real money and I haven't seen anyone describe this failure mode, so here it is. I sold a rental in early 2024 and had a gain of about $50k. I took my time, w…
Worth writing down because everything I'd read about this strategy assumes you get to the closing. A seller was breaking up a small tape and I bid on three files out of it. To mov…
Total cost was three weekends and about $18 of gas. My state posts survey and complaint inspection results for licensed care homes online. I pulled everything for the 14 licensed…