Nearly blew the 180 days waiting on a closing with $92k of gain
I do fast deals normally, so a ten year hold is the opposite of everything I usually do. Writing this for people who are where I was in March, which is having a gain and no idea w…
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I do fast deals normally, so a ten year hold is the opposite of everything I usually do. Writing this for people who are where I was in March, which is having a gain and no idea w…
I hold land and small long positions and I've been reading here for a while, and the advice splits cleanly enough that I want to see the vote. One camp says do a performing note f…
I've been reading a gap funding term sheet that a lender publishes as an example, and two lines on the same page seem to point in different directions. One says the loan is secure…
I own land and I hold it, that's my whole thing, so I'm the wrong person to be in the middle of this story. My neighbor's son buys beat up houses, fixes them, rents them, then bor…
I've been circling two people for a paid scope on a 12 unit I'm underwriting, and they're opposites. The first has operated around 300 units over fifteen years, mostly older brick…
The screener said 9.4% and that was the entire reason I bought it. I had $12,000 sitting in a taxable brokerage account after a car sale fell through, and I wanted the money doing…
I'm stuck on the front end of this. I opened the screener, typed REIT, and got both single companies and funds that hold dozens of them. Someone told me the ETF is the only sensib…
A year of reading about paper and I still understand maybe a third of it. Bought a small performing first position note inside a Roth SDIRA last month and it's now made two paymen…
Common equity in a ground-up multifamily deal on a portal. 48 units, wood frame over podium parking, total capitalization $11.2M. Hard costs come in at $165 a square foot, 24 mont…
Offering is $50k minimum, all cash equity, no debt. Sponsor buys 40 acres of raw ground and pursues entitlement for roughly 180 units, then sells the entitled parcel to a homebuil…
I've now read four lease option packages and the assignment clause is where they diverge hardest. Two say the option is freely assignable by the optionee. One says assignable with…
Closing this position out taught me more than holding it did, so here's the whole arc. Bought in 2018 through an advisor. 60k, Class A shares of a public non-traded REIT, diversif…
Working out what the first deal actually costs and this keeps coming up. The plan is I find the seller, sign the contract, and an experienced wholesaler with the buyers does dispo…
I've got a 1960s 3/2 in a working class suburb, ARV somewhere around 215k based on four sales inside half a mile, repairs quoted at 45k by a contractor who walked it with me. Sell…
Posting this because the process was more useful than the outcome and I'd have wanted to read it two years ago. I had $60k that wasn't going into a property. Looked at four reside…
I own a couple of small buildings and I've started looking at a single-family house down the street that has a finished basement with its own entrance, a kitchenette and a full ba…
I've been holding two single family rentals in the same city for nine years and doing nothing clever with either. The city just passed an ordinance that removes the parking requir…
Head lease signed six weeks ago on a 1970s 3 bed 2 bath in a first ring suburb. Owner is out of state, inherited it, doesn't want to sell into a slow market and doesn't want to ma…
Small towns, houses in the $70k to $110k range, mostly owners who inherited a place and don't want to fix it up for a sale. When I bring up rent-to-own the reaction is usually pos…
First rental is closing in a few weeks and it comes with a permitted basement apartment, separate entrance off the side yard, own kitchen, shared laundry in the mechanical room. I…