it finished, here is how it went
Consider a $75,000 LP investment into a three-property self-storage portfolio in a secondary southeast market. The plan: buy older facilities running at low occupancy, add climate…
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 an owner with 11 single family houses, all on rent-to-own with tenant-buyers on terms between 18 and 36 months, credits tracked in a spiral notebook and a spreadsheet that di…
Worth studying because the process followed the textbook order and still failed. Take a 1.1 acre parcel in a first-ring suburb, current zoning allowing six units, comprehensive pl…
The operating agreement said my membership interest was 25 percent. It did not say what I gave for it. That sentence is the whole loss. Deal shape: 33-lot park in a small market,…
Here is a loss that shows up in call center service businesses, laid out with its numbers. A client signs a twelve month agreement in January, and the verbal plan is to go from tw…
28 unit garden-style, three buildings, 1978, secondary southeast market. Broker had it lightly marketed and it had already been under contract once and fallen out. I went in on th…
I hold LP positions in nine syndications plus two note funds and I wanted one place to see deal flow, sponsor communications, distribution history, and where the tax documents wer…
I've been circling the service side of this for a while and finally sold something concrete: a pre-design feasibility screen for owners thinking about a backyard unit. Flat $850,…
The shape of this variance is worth studying because it shows up in more than one operator's books. Acquisition: 610k for an eleven room licensed house in a mid-size market with a…
This is a small case and the least exciting kind there is, which is why it is worth studying. Just land, with no house and no tenants on it. A regional bank ends up owning about 9…
Sponsor had 140 LP entities and every quarter the distribution run produced returned ACH payments. Q1 was 16 failures out of 141 payments, so 11%. Each failure cost roughly 25 min…
I proposed this in March expecting to be laughed at. The agent I liked was pricing at 2.5 flat, and about half of what I was looking at was coming out of my own scraping of assess…
Consider someone who forms an LLC, opens a business checking account, subscribes to accounting software on an annual plan, adds a receipt capture app, adds a property management a…
I had 120k to place and no interest in watching a ticker. The thing I wanted to know before committing was whether the sponsor's repurchase plan had ever been tested and what happ…
I buy things I intend to hold for twenty years and this one taught me something I hadn't priced. Two purpose-converted 8-bed homes in the same suburb, bought as a pair, $610k and…
Post mortem on a text-first seller lead qualifier. I built it, I sold it, and messaging deliverability killed it in about seven weeks. What it was: investors upload a list, my sys…
Running listing marketing independently rather than taking a bundled package is increasingly common, and the biggest cost lever tends to be revisions, not the base quote. A typica…
This is a case worth walking through in full because the numbers make the lesson concrete. Take an investor with 60k into a private non-traded REIT, a Reg D offering through an ac…
I put 120k of Roth IRA money into a value-add residential fund in early 2023. The pitch was 14 to 16 percent, the sponsor had a track record I checked properly, and the whole poin…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
