it finished, here is how it went
Nineteen weeks on a 4 unit building, all of it underwriting, none of it closing. Walked away two weeks ago. Writing it down because the thing that killed it was not on my checklis…
Say a twelve acre parcel with a tired 1960s ranch on it is under notice of default, first mortgage payoff 214k. As-is the whole thing is maybe 235k in that market, so on as-is num…
Say an investor with a construction background, not a marketing one, decides to send mail to absentee owners in two counties and hires a VA through an agency at $8.50 an hour to b…
A useful case for anyone raising capital for a first syndication. Take a small town of roughly 6,200 people anchored by one large employer and a hospital, 22 units across two buil…
This is a case worth studying, because the mistake is ordinary and the bill is not. Six small buildings, 34 doors, midsize southeast market, closing in October. The management agr…
I had a small house under contract at $84,000 in a working town about an hour out. Cheap, tenanted, nothing exciting. I thought the financing would be the easy part because the nu…
Take an investor with 85k sitting from a lump sum, most of it earmarked for a public non-traded NAV REIT. The exit is usually the part that's hardest to get comfortable with, so a…
A useful case study in co-living risk: a 4 bed 2 bath house, decent street, mid-size city, no HOA, with a whole-house lease value around $1,850 but filled room by room at $675 eac…
Signed a 9 month exclusive buyer rep last spring with an agent who marketed himself as investor-focused, which he genuinely was. He also runs a flip business, which I knew and did…
An agent circling deals without closing one for a while can still learn something valuable from a single referral, and the mechanics are worth laying out plainly. Say a former col…
A useful case: a buyer client engages a sourcing service with an agreement better than most. Fee $9,000 at closing, buy box defined, tail limited to ninety days, and a sentence sa…
I've been at this six months with zero deals, and part of why is that I spent five months and $5,400 on a marketing engagement that was built for listing agents while I was trying…
I wanted the license for brokerage originally. Then I got offered a leasing consultant seat at a lease-up, 312 units delivering in four phases, and took it because I figured I'd l…
Worth studying as a case on how office syndications can go quiet. Take a $85k investment in a three story suburban office building, roughly 62,000 square feet, purchased at what w…
First one I got all the way to a settlement date and it died on the closer's desk. Numbers: contract with the seller at 112k, end buyer signed at 131k. Small 3/1 in a working clas…
Worth walking through a case where the mechanics of losing money matter more than the amount. Say a buyer, a mid-size operator working through an acquisitions analyst, sends a box…
Following up on my earlier thread about start costs. I went with the cheap version and it took longer than the spreadsheet said. Six weeks, 140-odd calls and texts, 22 people who'…
I've done four contracts on my own and every one of them took forever to move. The last two I marketed for three weeks each and ended up assigning at a lower fee than I signed up…
I spent most of last year convinced the answer was my own brokerage. Ran the costs, talked to three broker owners, and ended up doing something less interesting that worked better…
Subject-to financing is one of the strategies worth explaining plainly, because the mechanics confuse people who otherwise understand deals well. What it means: the seller's mortg…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
