GENERAL DISCUSSION THURSDAY: Your First CRE Deal.
Since this went pretty well last week, I thought we would try it again. Let's have some good discussion. 

Tell us the story behind your first Commercial Real Estate deal!
[{"id": "dicklw5", "text": "I just bought a four unit building a reasonable distance from a train line.  I'm renovating the units, renting out, refinancing moderate leverage and doing it again..hopefully! ", "replies": [], "depth": 1}, {"id": "dieyi5h", "text": "I bought a nine acre tract for someone who wanted 1 acre. Paid 1.33 million with 100% raised money and owner financing. I sold the one acre to the user for 300k. He also had to bring sewer to the entire site. I went through subdivision and playing including shared detention area. 6 months later, had a group come along and offered 1.8 for the now developed 8 remaining acres. Only regret is I wish I would have had more of the deal. Using on, I only kept 25% of the deal. ", "replies": [], "depth": 1}, {"id": "dixcbmt", "text": "Worked on a $900MM equity recap of a very large specialized portfolio. I was the analyst on a 3 person team working on the buy side. It was a brutal 5 months but I learned an incredible amount. ", "replies": [], "depth": 1}]