I own land and a couple of long-hold parcels and I've never touched a student deal, but one of the parcels I've been sitting on for nine years is about a mile from a university th…
Looking at a 96 bed purpose-built property, 24 four-bed units, half a mile from a flagship with roughly 34,000 enrollment that's grown about 1.5% a year for a decade. Seller's T12…
Both funds are raising into 2026 with the intent to deploy under the permanent regime. Fund A carries a separate line for fund administration and tax reporting, roughly 35 basis p…
Story
I have four units across three buildings and my books have been one bucket since the beginning. Rent in, expenses out, a number at the end of the year that I hand to my tax person…
Posting this because I went looking for someone's version of it and couldn't find one. I wanted to try liens directly before deciding anything. Registered in two counties, wired d…
I run a finish trades business, five years in now, mostly high-end interiors, and I've never structured anything like this. Sponsor is doing a 4.6M target flip, big renovation, a…
I paid 61k for 9 acres about two miles from the entrance to a state park, thinking I'd put in 20 sites eventually and sell nightly stays. Two years later I sold the land for 58k a…
Flat $4,200 per buildout. I did 14 of them last year. I finally tracked hours honestly on the last five and the average was 31, not the 20 I priced against, which puts me around $…
I pull maybe 40 new seller leads a month across three rural counties, mostly from mailers and one skip-traced list. Two consultants have quoted me 4,500 and 6,000 to build out a p…
48-lot park, small city, asking $1.6M. I was building a service business around parks and figured owning one would teach me the operations from the inside. It taught me something,…
Underwriting a 38-lot park at a 6.75 cap, city water and sewer, all but three homes tenant owned, asphalt in fair shape. On paper this is the most stable income I've looked at, an…
Bought a 16-unit two-story in a secondary market 18 months ago at 1.45M. Bridge of 1.1M, interest only, SOFR plus 350, 24 month term with one 6 month extension at 50bps and a 1.20…
I'm finishing my salesperson license and looking at a 12-unit at 1.05M as a first commercial-classified purchase, and my operating expense line is guesswork. Specifics I can't pin…
I'm closing a small deal with 11 investors, mostly people who know me. Somebody who does IR work for two sponsors offered to take over quarterly updates for a monthly fee, and I c…
Portfolio of five, four single family and one duplex, roughly $1.7m of value and $890k of debt across three lenders. I wanted them out of my personal name before I got licensed an…
18 acres, under contract with a due diligence extension I paid $8,000 for. Asked for a rezone to allow attached product at roughly 6 units an acre. Denied 4 to 3 after a hearing w…
Small loss in money, big one in learning, so writing it up while it still annoys me. Five of us share a lead list. Skip traced records, a shared spreadsheet, everybody works it. T…
I've spent a year trying to work out which lane I belong in and this deal finally gave me a real comparison instead of a hypothetical. Contract at 205,000 on a tired but clean fou…
I've spent the last four months writing capex scopes across a group of storage facilities for an owner who is aggregating toward twenty and is now at the decision everyone told hi…
Two offerings sitting open on my list right now and they're forcing a choice I've been avoiding. First one: a 140 unit 1980s garden apartment value-add in a Sun Belt secondary mar…