it finished, here is how it went
Okay so I know the obvious fix is to invoice the owner and keep the accounts separate, and I was doing that until I took on a unit in Breckenridge last October where the owner spe…
We're under contract on a licensed home, four residents in, two beds open. Seller says it hit six residents within three months of opening two years ago. My operator is experience…
I had been taking $340 a month out of my AGNC position in cash since March of last year, which felt disciplined at the time but was just friction. Turned reinvestment on in Septem…
Here is a case worth studying, because it happens to people who should know better. A borrower six years into the mortgage business assembles a loan file for a duplex in North Ral…
Ground up commercial is widely assumed to require a different zip code and a different net worth, and this case is worth studying because it does not. An operator buys 1.8 acres o…
Borrower says the access issue was always in the plan and the $61k is already budgeted, but I've never seen a line item for it anywhere in the documents I was given at close. Aske…
Here is a loss worth studying closely. Suppose an investor has 310k of deferred gain sitting in a QOF that holds a small mixed use property in a zone like Trenton, New Jersey. The…
Found a 38,000 sf refrigerated shell in Stockton in Q1 2024, $58/sf all in after conversion costs, and the broker had been sitting on it since the original frozen foods tenant rel…
Did the gap on a straight 12-month note at 14 percent and the operator covered rent from month two. What's the fastest anyone here has seen a fresh RAL stabilize once the license…
Here is a case worth studying, because the surprise in it sits on the pricing side rather than the cost side. Six lot split on 4.2 acres in Hays County, Texas. Parcel acquired at…
A framing worth sitting with. Most capital side models for tax lien pools assume deed conversion is a backstop, maybe 4 to 6 percent of certificates, with those parcels priced con…
Is there a way to verify a title company or escrow holder before you wire, if you're working in a state you've never been to? I'm in Texas, the deal is in Ohio, and the number on…
A case worth laying out with the numbers, because the variance is the lesson. An owner owes 187k with an auction 19 days out. The offer goes in at 231k against a 279k ARV with abo…
So I have $7,800 of a $15,600 option fee committed and I need the other half before the 21-day funding window closes, which is March 28th. The seller already cashed the first $7,8…
I had a fourplex under contract in Albuquerque, same agent on both sides, and I genuinely thought I was okay with it. Inspection came back with about $18k in deferred maintenance,…
Bought a duplex in Columbus last fall, first unit turned over in March and I had zero idea whether to stage it for a tenant or just list it empty. Read a few threads here and deci…
$4.1M sale on a $3.8M basis, so the math looked fine going in. Property sat longer than projected, distributions got suspended in year 3, and the pref kept compounding. By the tim…
She asked me one question: what does it cost you personally if this goes sideways. Not the IRR, not the equity multiple. What does it cost you. I said I had 60k of my own money in…
Guy I fund draws for called me Tuesday, said his bank statement showed a $2,100 payment and he wanted to know why the loan was still at $271,400. I pulled the amortization on a 30…
Take an 80k LP position across three facilities in eastern Tennessee where the first real distribution lands at month 14 and comes to 1,140. Small on its own, and run out it holds…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
