it finished, here is how it went
For anyone new to limited partner positions: an LP gives a sponsor money, the sponsor buys and runs the building, the LP gets a share of cash flow and no control. Take a 38,000 sq…
There is a version of the senior housing story that sounds like it just works. Aging population, supply growth at a two-decade low, occupancy heading toward records. It is about a…
Here is a case worth knowing before it happens to someone else, because the mistake is arithmetic, not tax law. Say a property sale closes in early March with proceeds of roughly…
Take a probate purchase where a payoff quote comes back at 151,400 dollars against a contract price of 142,000, on a 1958 ranch, 3 bed 1 bath, 1,150 square feet in a working class…
Consider an investor who puts $88k into eight equity positions across three platforms over about two years, deliberately spreading across platforms on the theory that platform ris…
First and probably last virtual attempt while I wait on my rental to close. Writing it up because the failure point wasn't where I was looking. Deal shape. Single family, 1,340 sq…
64,000 sf, four stories, built 1998, an inner ring suburb with a real amenity base within walking distance. Seller had a loan coming due and had already agreed with the lender to…
I bought one note last year to find out whether I could do this at all. UPB $88,400, arrears $14k, paid $41k. Small three bedroom in an older inner-ring suburb, occupied by the or…
Consider a lender with capital sitting in savings earning little, deciding to place a first loan rather than buy directly. A flipper needs $75k on a small two bedroom cottage in a…
The seller's agent said the house had "always been a rooming house." It had. Six rooms, all occupied, papers going back to the eighties. What nobody said, and what I never asked i…
Background so the numbers make sense. I've done eleven deals, average price around $410k, and I've been stuck at that ceiling for two years. This one came from a seller whose sist…
First deal money is at 19k and needs to be around 45k. That's another two years at my savings rate, and the whole time I've been reading about buildings I can't buy. So I put 3k i…
Take a purchase of a 1,900 square foot single family home with a detached garage planned for ADU conversion, where the buyer's own underwriting put the converted garage at 1,650 a…
Take an agent on a 70/30 split doing about $120k of gross commission a year, handing over roughly $36k annually. That figure alone makes opening a one-person shop look like an eas…
Six weeks ago I knew nothing and had no way in. Someone in another thread said leasing response time is where most communities lose money, so I decided to measure it instead of re…
A case worth studying for anyone holding private paper on a small operating asset. Take $180,000 in a private note secured by an 18 unit built in the seventies in a soft secondary…
Most of what circulates about this category assumes the owner is running the care business. There is a cleaner version worth studying: landlord only, no license, no care operation…
Closed three weeks ago on 34 acres of raw land I'd sat on for nine years, no debt against it, taxes about 1,400 a year. Price 168k, buyer put 25% down (42k), I carry 126k at 8.5%,…
This is the question I would have been too embarrassed to ask in 2022, and now I've paid for the answer. $75k into a seven-facility value-add storage deal, single-asset syndicatio…
Consider a land banking case that runs against the usual playbook of fast in-and-out deals with thin margins. Eighteen acres of pasture at the outer edge of a suburban county, bou…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
