it finished, here is how it went
Consider an investor who mostly buys land and holds it, with one small house attached to a parcel bought for the land. That house had run as a plain rental for four years at $1,45…
This is the first time I have funded the buy side of a luxury deal instead of just reading somebody else's package, so the numbers are the interesting part. Property was a 5,900 s…
I came at this from tools, not paperwork, so the pitch I made was narrow. A guy doing light cosmetic flips, four to six a year plus the occasional wholesale, kept blowing up on th…
Take a junk removal and cleanout operator working mostly with estate attorneys and property managers, quoting a hoarded 2 bed in a small mill town, roughly a 118,000 house once fi…
This is a small one but it's my first contract so I'm writing it up. I'd been driving a couple of older streets after work with a notes app, writing down anything with a full mail…
First one, done, tenant in, refinanced, and it cost me about 22k more than my spreadsheet said it would. All of it came from time. The house was a 1950s three bed in a working cla…
A useful case study for anyone evaluating LP syndications: a $50k investment into a 96-unit 1998 build in a mid-size southeast market, entered in February 2021, sold in August 202…
Bought a 1950s ranch for $265k with an FHA loan, 3.5 percent down. It had a walkout basement with its own door to the side yard, which is why I bought it instead of the cleaner ho…
The county parcel viewer in the two rural counties I'm working lists 41 properties with a land use code for manufactured home community. I figured that was my whole universe. It w…
This one closed in Q3 and I've been sitting on the numbers for a month before writing it up. Structure: $85k into a 214-unit garden multifamily deal in a mid-size southeast market…
Take a full gut on a 1,340 square foot three bedroom, all in around $228,000 including purchase, listed at $265,000. A typical agent-preferred marketing shop quotes something like…
A first BRRRR is a useful case for showing how a seasoning clause can wreck an otherwise sound plan even when the loan documents were read carefully. Take a small three bed house…
Take an investor who wants income without becoming a landlord and starts small enough that being wrong will not matter. Say 2k into each of three pooled offerings across two platf…
I've been researching for months and hadn't bought anything, so when an advisor walked me through a public non-traded REIT I was ready to move. Minimum was 2,500, I put in 20,000.…
Twenty-six files. Eight closings. Two fee splits that actually landed in my account. The setup was supposed to be simple. I do a lot of talking to small investors in my area, and…
A cautionary case on trusting a comp set built on entitlement work that was not fully understood. 62 acres at the edge of a growth corridor, two road frontages, in a county with a…
Beginner framing because I got this one wrong in my head for weeks before I understood it. I kept treating sub-to as a way to buy cheap. It's a way to buy a payment. The house I c…
Took over a 1958 ranch at $214k balance, 3.5%, 24 years left, PITI $1,498. Seller wanted $8k and out. House was rough, not unlivable. My plan was standard for me: put $45k in, ren…
First rental, 1970s three bed on a slab. I paid $525 for the general inspection and another $175 for the sewer scope, and I asked the inspector if I could follow him for the three…
Take a case worth studying: an investor puts $50k into an LP interest in a 312 unit value-add deal in a Sun Belt metro, sponsor's fifth deal, good track record on the earlier ones…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
