Mike Pittman II

@RetailReid Gotta call out the places we bumped our head! Thanks!

@RealMikePittman This is good to know and props to you for acknowledging it years later!

In my 1st Yr as a CRE broker I was able to secure an hot listing in a super hot submarket in Houston. The property had tons of potential and I royally screwed it up. Here's 5 ways I dropped the ball. Hopefully a teaching moment for aspiring CRE brokers and those hiring them:

To this day I'm so grateful that the dude didn't sue me or blast me on social media. He had a great portfolio of cool buildings, awesome connections, etc. and I totally blew it. Also, around 1x per year I contact him just to say thank you for giving me a chance

5. I should have brought on someone more seasoned than me to work the assignment together since I had no clue what I was doing but I had great intentions and tons of passion.

This oughta be interesting. Grabs popcorn.

Probably one of the truest statements I’ve read on Twitter.

@TripleNetInvest Time will tell. Familiar with their footprint and desires. They corporately guaranty every deal. Great for LLs. I see them try to apply pretty much the same site plan wherever they go and I don’t know if I necessarily agree with that for coffee.

Here's an example of a great, exciting growth company that isn't necessarily the greatest stock Dutch Bros $BROS has been a darling of the retail/coffee/QSR space but its stock hasn't been hitting on all cylinders What is your opinion of the company/stock? Another overhyped coffee chain or the real deal?

Currently working on a exhaustive market study for a client. Life of a CRE broker

I literally know of site on the market that is a large land play. Price tag is ~$45M. Seller needs cash. Site is probably worth $60M today and TBD in the future. It's a land bank play but not everyone can play at that clip. Stay diligent and focused. They're around

There are opportunities everywhere. If you can uncover hidden value and put a great biz plan together and execute the sky is potentially the limit!

@realEstateTrent @constantraise When you see Warren Buffett creating a “10 Steps to becoming a Billionaire” class let a Brotha know.

@constantraise Beauty of this platform! If we all agreed all the time this place would be boring 🙌🏻

@realEstateTrent @constantraise Hmm. From my perspective, the folks who are mega instructors are usually not mega deal makers. Why? Because they’re spending a lot of time being a mega media mogul vs a mega deal maker… Nothing wrong with it for the person…

S/N: Of course there are some GPs out there who say “I will only invest as a principal on deals”. Don’t worry about them. Probably not the best partner to consider starting off anyway bc they don’t understand reciprocity.

All that to say. Don’t neglect your friends and other GPs if you have a relationship with them.

I know GPs who invest as a LP in friends deals for multiple reasons. More below