Six lots to four to zero: a 1978 restriction I read too late
I manage rentals for other people, so the paperwork discipline should have been there. It wasn't. 46 acres on the edge of a growing exurban county, $9,400 an acre, $432k. Zoning w…
All 132 real estate strategies.Every room answered.
Start with a RE category
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it finished, here is how it went
I manage rentals for other people, so the paperwork discipline should have been there. It wasn't. 46 acres on the edge of a growing exurban county, $9,400 an acre, $432k. Zoning w…
Ten week paid search test for off market small rentals in a secondary market, run with a partner who has done this before and a freelancer who set up the account. Budget was $6,40…
I bought this thing because I wanted income without picking up a second job, and the whole test was whether a room-by-room house can survive being run by somebody else. Three year…
Closed out last month at 1.03x on $55k over four years and I've spent a while working out where the money went, because the property did fine. Deal was a portfolio of small rural…
Sold two parcels I'd assembled, gain about $210k. Went into a QOF whose whole plan was 60 acres inside a designated tract, bought for around $2.1M, entitled for build-to-rent, pha…
I've owned a 48,000 square foot single tenant distribution building since 2016. Third generation family distributor, 28 foot clear, seven docks, decent yard. Lease was running to…
Small one, but it cost me real money and nobody warned me. Put $6k into a crowdfunded equity deal, first year went fine, distributions totaled about $310. Happy enough with that f…
Small deal, four of us in an LLC buying a 1960s six unit in a second tier market for $612k. Cash portion from members, the rest from a local bank at 70 percent. I was the one hand…
Numbers first. 31,000 square feet, built 1979, single tenant vacant at purchase, 18 foot clear at the peak of the bay and about 16 at the haunch, four dock doors with no levelers,…
I bought one house, half a mile from campus at a large public university that's been growing, and I've now finished a full lease year, so here's what happened. Paid $372k, put 25%…
I do roofing and gutters, mostly repair work, so I'm on ladders looking at houses all day. Two months ago I bid a roof on a 1950s ranch, three layers of shingles, decking gone sof…
$150k into a six-park value-add deal, 890 lots, three states. I read every page of the LP agreement and the PPM, twice, and marked it up. I still lost most of my position, and the…
I've been the person in this room asking questions for a long time, so here's how the first one actually went. Side-by-side duplex, two bed one bath each, built 1988, vinyl siding…
Wrote this up because I was the guy in every thread saying I was still in analysis. I finally did something and it went badly. Seller had a 3.1% loan, $214k balance, on a 1,400 sq…
Closed 2021, 188 units, bridge debt, a business plan that needed rents to keep doing what they'd been doing. I read the operating agreement before I wired, which is my whole thing…
Small two bed one bath cottage in a working class part of town, the kind with a detached one car garage that leans. I paid 96k, budgeted 26k, and thought it was worth 165k fixed.…
Bought 47 acres of dry pasture at $4,200 an acre in 2018, $197,400 plus about $3,800 in closing and survey. Flat, cleared, a mile and a half from a substation on a line that alrea…
The option got signed Tuesday and it has two purchase prices in it, which is the part I'm still slightly amazed the seller went for. Setup. I sold my share of a small service busi…
Been riding along on driving routes with an investor friend since summer, mostly to work out where I fit. He wants contracts. I kept noticing that most of the addresses he throws…
First and last time I played transactional lender without checking the far end of the chain. Deal came to me from a wholesaler I'd done nothing with before, referred by someone I…