{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 277. The 6-Unit Deal That Fell Apart Days Before Closing","description":"In April 2025, we bought a small 6-unit property for $400K, put $68K into CapEx, tightened operations, filled every unit, and had it under contract at $650K within five months. We were days away from closing. Buyers locked in. No renegotiation. Clean inspection. A true home run. And then\u2026 two days before closing\u2026 a 17-year-old driver crashed into one of our tenant\u2019s cars, launching it straight into our standalone studio apartment. The entire facade caved in. The tenant had to vacate. And the deal we had lined up fell apart instantly. In this episode, I walk you guys through everything that happened \u2014 the lender delays, the accident, the insurance process, the missed deadlines, the backup buyers that vanished, and the financial pressure we\u2019re now navigating. This is the real side of multifamily that nobody posts about. We talk about: \u2013 How the accident killed the sale \u2013 Why insurance and permits slowed everything down \u2013 The cash flow and holding-cost punch we\u2019re dealing with \u2013 The impact on our partners\u2019 liquidity \u2013 How time destroys IRR in a flip scenario \u2013 What we\u2019re doing next to stabilize, re-lease, and relist \u2013 Why operators earn their keep in moments like this If you\u2019re thinking about becoming a GP, or you already operate deals, this is a must-listen. This is the part of multifamily nobody glamorizes \u2014 and it\u2019s exactly why you need the right systems, the right expectations, and the right team. Want tools, templates, or to work with me? \ud83d\udc49 Stan Store: https:\/\/stan.store\/buybuildings \ud83d\udc49 Newsletter + future deals: https:\/\/smallaxecommunities.com Small axe. Big trees. Get to chopping. ","author_name":"Small Axe Podcast: Multifamily Real Estate | Buy Buildings, Build Empires","author_url":"http:\/\/smallaxe.libsyn.com\/website","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/39139260\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/195739560"}