it finished, here is how it went
Bought at $278k in november 2022, desert ridge adjacent, 1,847 square feet, roof was shot, kitchen was 1994, one bathroom needed a full gut. Put $61k into it over 22 months, did a…
Take a transitional ag parcel, 31 acres, at the edge of a growing suburb where the sewer line stops about 900 feet short of the north property boundary. Listed in spring, closed a…
Closed six weeks ago and I want to write down how it actually went while I still remember the annoying parts. The tract: 210 acres of loblolly pine, average age around 18, one blo…
Take an 11 room licensed rooming house in an older neighborhood near a hospital, purpose-built for this use in the 1940s and operated by the same family for nineteen years. Purcha…
I was doing this to build the down payment for the first rental, and I wanted the practice of looking at houses without the risk of owning one. It didn't work, and the reason is s…
Consider a self-directed IRA that owns a small rental. The tax bill arrives addressed to the custodian, gets forwarded to the account holder as custodians often do, and gets paid…
We put $2.4m of pref into a 78-unit value-add through a small group, 11% total return, 4% current pay and the rest accruing, three year redemption. The docs looked fine to me at t…
A small but deliberate step worth highlighting for anyone comparing storage funds. Take two funds, each with a $50k minimum. Fund A is still raising its first close. Fund B closed…
No deals yet after six months of looking, and I managed to lose money anyway, so I'll write it down. I was under contract on a 2 bed townhouse near a business park, $189,000, plan…
Take a fixed-to-floating preferred from a mortgage REIT, bought at $26.30 against a $25 par. Fixed coupon 7.75 percent on par, so $1.9375 a year, $0.4844 a quarter. The reasoning…
Two infill land parcels I'd been sitting on for six years finally sold this spring, and the proceeds went into a single tenant drive-thru restaurant pad. Closed about six weeks ag…
Take an investor who put 85k into a broad equity REIT index fund inside a taxable account in 2022, planning to hold ten years. Say they sold in the middle of last year at a loss o…
Closed six weeks ago on an 8,300 sf small-format discount retail building in a town of about 4,500 in the upper midwest. Corporate lease, investment-grade parent guaranty, 13 year…
Nothing clever about this one, it just closed, so here's how it actually went. Seller was an estate, three heirs, wanted done. Contract at 88k. Cash buyer I've sold to twice befor…
Take four BRRRR properties, all bought distressed, rehabbed, and rented the same way. The first two refinance in a favorable rate window and behave exactly as the strategy promise…
Take a 24-month live-in flip in a mid-size midwest metro: bought 195k, spent 61k over two years (with a meaningful share of that being the owner's own weekend labor valued at zero…
I wanted the pipeline before I wanted the yield, so I sized this to be survivable rather than meaningful. $92k, 38 certificates, two counties in one state, one servicer. Average c…
Take a small three bed in a working class pocket, bought at 132k, 38k in rehab, planned rent 1,650. The refinance math works on paper and most of the cash comes back out, so on th…
A reusable video library sounds like the smart version of turnover marketing on paper. Take two buildings, 20 units total, three repeating floor plans. Paying a videographer $2,10…
Worth laying out as a cautionary sequence, since the order of operations here is what caused the loss, not any single expense. Roughly 5,300 dollars over four months breaks down a…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
