it finished, here is how it went
I do passive positions mostly and I underwrite carefully, so when I started funding a local operator's acquisitions I ended up paying for his lead flow too. Over 14 months that wa…
Wanted to get into valuation work. Found the qualifying education requirement for a trainee credential in my state, signed up for the package, paid $3,100 up front for the courses…
The first draft the agent handed me was 12 months, the whole state, 3 percent. I read it twice, then read it a third time, and the part that bothered me wasn't the percent. It was…
First deal, a two unit in an older working class neighborhood, $5,000 earnest money, 30 day financing contingency. I hired a coordinator at $300 a file because someone in a local…
Take a 1,340 square foot 3/2 rental bought at $168,000 four years ago on 1.1 acres at the edge of a growing town, rent then $1,340, rent now $1,595, roughly a 5.6% unlevered yield…
For anyone learning the lending side rather than the owning side, a loan participation is a good first structure to study, and a worked example shows where the risk actually sits.…
A cautionary case in senior housing ancillary services: an operator bidding on a concierge and transport package for two independent living lite properties, 190 and 155 units, age…
A common pattern with content retainers for residential agents and small investor shops is pricing off a deliverable count: 16 posts, 4 reels, one email a month, for a flat fee. T…
A case worth studying, because it happens to people who understand structures far better than they understand liens. The note is a second mortgage, $31k balance, on a 1,400 square…
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…
Some sponsors will add a prospective investor to their quarterly update list without any investment at all. Others will not, and some cannot, depending on how their offerings are…
Take a small media and turnover operation that brings aerial work in-house instead of subcontracting it. Startup costs run about 6,800 for the aircraft, four batteries, filters an…
A case worth studying for anyone weighing a first LP position. A 96 unit garden style property in a midsize southeast market, with a limited partner coming in at $65,000. For an i…
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…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
