it finished, here is how it went
I actually do not hate it on the surface because 10% preferred sounds better than 8%, but I am sitting here wondering if they shifted something else to make room for it. Like did…
Anyone sitting behind a mezz piece should study this one. Say an investor buys a second lien on a mixed-use in Bridgeport, CT in late 2021 for $38k, well behind a senior at about…
I've been studying listings in the $280k to $340k range in the Columbus suburbs because that's where I'm trying to buy, and I keep running into the same thing. Bad exterior photo…
Here is a commercial assignment worth taking apart. A 12 unit in Akron, estate situation, three heirs who all disagree on price and a seller who wants out fast. The wholesaler tie…
Found out Tuesday. We had a verbal on splitting a motivated seller I brought him in Dayton, nothing signed because I kept saying I'd get to it. He put the property under contract…
Not because the numbers changed. The duplex in Garfield Heights, $187,500, penciled out at around $1,100 a month in rent against a $1,040 PITI and I had two tenants already in pla…
This one is worth studying because the fix had nothing to do with the physical house or its price. Take a five bedroom in a mid-size Ohio college town, about 40 minutes from Colum…
Found out on a Tuesday, 4,200 enriched records sitting in Postgres, no way to refresh any of them. I had been running the enrichment as the core of the platform, billing two clien…
Everyone says house hacking is about eliminating your housing cost and that framing is what kept me from buying longer than it should have. I was looking for zero, for the moment…
Conventional thinking has been that passive exposure here means steady distributions, maybe 6 to 7% cash on cash, and a sponsor team that keeps you informed. Consider a case. An L…
I was collecting $2,940 a month from three tenants, paying $2,400 to the seller, and holding a $540 spread. Option fee was $6,000 out of pocket. The seller had a balloon I didn't…
Consider this one. An investor pays a consultant $3,200 and brings him a specific property. Six weeks later the answer amounts to go buy VNQ. That is something anyone could read o…
This is a case worth studying, because it is the failure mode mid-term underwriting tends to hide. Phoenix, Q1, a two-bed furnished near the medical district getting $2,850 on 30…
Took 14 months from closing to ribbon cut, which ran about six weeks past the franchise-mandated deadline. Paid a $38,000 penalty fee for that overage, which I had not modeled. Th…
I don't know enough yet to know if that's just how wholesaling works or if somebody in a network found a motivated-seller flag on a probate filing and ran with it, but $54,000 und…
Found the property in March, a 6-bedroom in the hills outside Asheville, seller wanted 1.55 and I got it under at 1.62 with a 30k deposit I had help funding. Buyer I brought in wa…
I went in on a diversified non-traded REIT in late 2018, $150K, stated NAV held around $10.30 for the first three years and distributions came through reliably at 5.6%. That part…
Talked to a guy in my office thursday who has been doing this for four years, he has money in nine deals across three platforms, and he told me the moment a sponsor's deal two lau…
Building a backyard cottage fails a common affordability test: it usually runs near $180k and demands patience for a permit queue that many buyers do not have. An alternative wort…
Referred a client in phoenix last march, deal closed at 281k, arv was estimated at 340, staging cost me 2,800 out of pocket and the seller walked with less than projected so they…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
