Flat 6,500 on 40 acres, 1,700 of it out of my own pocket, happily
Closed on 40 acres of mostly wooded ground with road frontage, 240k, in a county two hours from where I live. Compensation structure: flat 6,500 to my broker, agreed in writing be…
All 132 real estate strategies.Every room answered.
Start with a RE category
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Then pick the type of post
it finished, here is how it went
Closed on 40 acres of mostly wooded ground with road frontage, 240k, in a county two hours from where I live. Compensation structure: flat 6,500 to my broker, agreed in writing be…
I lent 50k as a second position note into a BRRRR on a small single family, 12 percent, interest only, 12 month term, repaid from the refinance. Monthly interest arrived on time e…
A guy I had done subcontract work for bought a 1958 ranch, three bed one and a half bath, in a decent working class pocket. Purchase 168k, his money, his loan. I did the rehab: fu…
I've been building a buy list for room rentals for a while and kept hitting the same wall: I could find 4 bed houses all day, and I had no idea which ones I'd be allowed to rent b…
Three previous BRRRRs left me with capital stuck in all three. This one didn't, and the difference was almost entirely that I underwrote the after repair value low on purpose and…
40 acres, half pasture half scrub, in a county where the average parcel trades a couple times a decade. Seller called off a letter, said she had inherited it from her father in 20…
I'm back to building a list instead of buying because the last one took 14 months and about 180k off me, and I'd rather write down why than pretend it was the market. Twelve bed l…
I'm going to lay this out simply because I understood almost none of it at the time and I suspect other people reading are where I was. A friend I've known 15 years owns a 210-uni…
110-key select service hotel near a regional airport, $23M capitalization, $8.1M equity raise. I was in for $400k, which was big enough that they'd talk and small enough that I ha…
I do most of my work on the due diligence side and I was tired of competing on listings with people who move faster than I want to. So last spring I did the opposite of shopping.…
I hold two land parcels that produce nothing but tax bills. The house was supposed to be the thing that paid those bills, so last year I bought a 4 bed 2.5 bath in a 1990s subdivi…
Small position in a 1990s suburban office, 48,000 sf, three tenants, parking at 5.1 spaces per 1,000 sf. The thing I did before investing that I hadn't seen anyone else do: I aske…
Not buying yet was the plan for most of last year, so I built a screen and ran everything through it. Posting the screen and the deal that finally cleared it, because the eleven p…
I have spent 2,410 dollars this year and I do not own anything. House one, 179k, 3/2. Inspection came back with an active roof leak and a panel the inspector wanted an electrician…
Still pre-first-deal on my own account, but I've been the finder in a four-person group for six months and this one actually closed, so here's the shape of it. I got a tired landl…
First note I ever bought and I want to write down what happened while it's still embarrassing. Performing first lien. UPB 54,300, coupon 9%, payment 497, 31 months of on-time paym…
Fourteen months of looking, one purchase. Posting the numbers because the part I got right and the part that nearly killed it were both about the license, and I didn't expect eith…
Closing statement came back last month so I have the real numbers now. Bought a 31-lot park in a small industrial town, 28 occupied, all tenant-owned homes, lot rent $265 against…
This is my first split and I did the underwriting from listings because that's what I had. My state is one of the roughly dozen where sale prices aren't public record, so the coun…
$9,400 total, my first attempt at this. The county had a list of certificates left over from earlier sales that you can buy directly at the stated rate, no auction, no bidding aga…