The Morning Open — the Monday letter
Watch a homebuilding and lending company get built, one week at a time
One letter and one episode every Monday morning from the operator's seat — what moved this week, one real number, the system that moved it, who I met, and one lesson. Free, every week.
- What moved this week — the permit, the price list, the crew, the meeting
- One number, one document — draws, carry, cost per square, what the county wanted
- First invites to the live webinars
What's your lot actually worth — to a builder?
Zillow doesn't price dirt. Builders do — and they price it backwards from the finished home: sale price, minus build cost, minus site work, minus their margin. What's left is your lot's real number, and it is routinely nowhere near the estimate a landowner has been carrying in their head.
The full builder-demand breakdown ran in the letter.
Your interest bill is smaller than you think
Most investors estimate construction-loan interest as rate × loan × term — and overshoot by thousands. Draws mean you only pay on what's out the door. The weighted-average balance math changes go/no-go on thin deals.
The draw-schedule model (with the worksheet) went out to subscribers.
Is your builder ripping you off?
Fixed price, cost-plus, or GMP — each one moves the risk to a different side of the table, and change orders are where padded contracts hide. There are five questions that expose a padded bid before you sign anything.
All five questions are in the archive — subscribers got them first.
The refi myth that traps your equity
"Build it, rent it, refi everything out." Sometimes. A low appraisal traps 20% of your cash, DSCR at 1.0 doesn't mean approval, and seasoning rules decide when you see a dollar. Knowing the traps before you break ground is the difference.
The refi-timeline letter walks the whole sequence.
Live webinars
Watch deals get underwritten live
Live builds, lot teardowns, and open Q&A — bring your own deal and we'll run the numbers on screen. Seats are announced to the list first.
Get the next letter
It's free, it's weekly, and it's written by the guy doing the deals — not a content team.