Billy Bell

@nottsick3 What size did you get? Wanna buy my gf the exact ones you got.

I forgot I had twitter to be honest ! Prepare for a comeback

@ChrisRamsey60 You’ve just been hitting up the landlords that have places for lease and seeing if they would sell? Like the ol houses for rent on Zillow trick?

The secret is out with Facebook marketplace for leasing… But We have been getting quite a few acquisition leads from it. Facebook marketplace is a behemoth that will only continue to grow.

New rule that helps me achieve 2 goals at once: I can only doom scroll Instagram and X when I’m on the automated dialer calling for deals on Commercial Properties.

@HealthcareREguy Nice tweet to stumble across right now as I’m cold calling for Industrial deals!

I used to think cold calling was for scammers and telemarketers. Then I got into CRE and saw millionaires being minted yearly all through cold calling. I still find it crazy that you can close multi-million $ deals with just a phone and a computer. But trust me, you can.

@AustinTunnell Not sure what your condition is, but I got stem cells in both knees down in Tijuana 4yrs ago for torn ACL’s and Meniscus, and it healed them perfectly. No surgery and very easy recovery! Good luck!

Just had the most expensive 30-minute meeting of my life. Drove down to Austin, TX for stem cell injections into my foot at Ways2Well. Very much hoping & praying it helps some. Have accepted my condition, but sure would be a gift to be able to really walk again!

@realEstateTrent Perfect

Broker just asked what kind of deals we look for. My answer: We look for old crappy properties we can work hard to make not old and crappy, but priced so we don’t do all that work for free.

@BowTiedBroke Their footprint is a fraction of the others, they have specialty products and low prices and “a vibe” all which creates an extremely loyal and passionate customer base.

My childhood friend, John Goff, became President of Publix in ‘24. During campaign when food/grocers were a hot topic, I dug into #’s. What’s going on at Trader Joe’s? Revenue per sqft - Trader Joe’s - $2,000 - Whole Foods - $1,000 - Kroger/Publix - $650 - Walmart - $470

Ahh man, I missed out on 2 great deals, because the people I was trying to raise money from wanted cashflow day 1 on value add deals. This is totally my fault for being new and not having a wide enough investor base built out yet, and I was not effective at explaining this concept to them. This was just so obvious to me and I was so confused why it wasn’t more obvious to investors more sophisticated as myself.

Attn LPs: There should be no distributions on a value-add deal during the period in which the value is being added. The most efficient use of cash flow is to put it into ongoing renovations. There are two plausible scenarios if a GP tells you that you'll get distributions immediately on a value-add deal. 1. The GP is a fucking idiot. This, sadly, is not as uncommon as you'd like. They don't understand cash flow priority and the cost of capital. 2. The GP is a quasi-grifter who has over-raised capital for the deal (a very common syndicator move), and they are issuing you distributions with the money you just put into the deal but didn't actually need to contribute. Yes, this drags returns a bit, but some retail LPs think "day 1 cash flow" is a better deal than a period of no distributions, even though the total return is better in the second scenario. "you can give me $90 dollars and the deal will perform X. Or, you give me $100 dollars and the deal will still perform X, but I'll give you back $10 over the first 12 months." If a GP tells you about distributions on a value-add (or development deal), ask them where the cash flow is coming from. "where's the money, Lebowski?!"

@AndrewYang My girlfriend and I are talking about Mexico or Costa Rica to move to before we get married and have kids.

Talked to a young couple considering leaving the US for affordability. Hearing that more and more I’m afraid.

@HealthcareREguy HAHAHA! 100% bullshit 🤣

The shitty thing about working out is that you have to keep working out

I 100% agree with you that Office will come back. It comes down to: do you have the direct experience/knowledge of office, the right connections, and specific operational chops to ensure without a doubt that you will thread that needle in a way that doesn’t risk yours or your investors money even the slightest? I don’t, and happy to admit it.

I have a couple friends that believe Office RE is gonna come back and are buying buildings for pennies on the dollar. If they are right, they will make a ton of money. I actually think they will be right and Office will come back, but I’m not willing to take that risk.

@HLC_actual @DerrickEvans4WV Beat me to it! I would have just said most* men. 🤣

@DerrickEvans4WV Cheaper than a wife for some men

Imagine being such a loser that you spend $175k on one of these. Someone out there will end up buying a used one to save money 🤣🤮

@CohenSite 2019. Kinda sarcastic, kinda not.

I'm looking at houses in Altadena to use as an example for a post. I found one that was worth $1,168,000 before it burned down. The current owner purchased it for $380,000 What year do you think they bought it?

@JaredVidales @loganzuber17 Haha should scrolled for your comment before I posted mine. Hi Jared! Miss ya ol pal!

@loganzuber17 I spend double and just get the steaks. I would never eat that much ground beef

My half cow came in. This is the way to get your meat. I even keep the fat too so that we can use it for cooking (& even lotion) My only regret is not getting a bigger freezer so I could order a whole cow. Total cost: $1,627 305lbs $5.33/lb Grass fed from a local farmer

@loganzuber17 What do you plan to do with the roughly 150lbs of ground beef? Even as a meathead I’d struggle going thru that much ground beef.

@shawngorham Good thing he just got done Trump-proofing CA! Great plan, Gavin, really working out well!

Gavin is begging for his political future right now. He knows if he doesn't get this right and fast, he will never be able to run for President, yes, he wants to be President. His political career is on the line right now.

@AustinTunnell Finally someone building with the soul of Europe. And how important it is to social and community!

Closer perspective. These 3 buildings you see form a shared courtyard which will be the heart of the boutique coworking space. Shaping space with buildings is where the magic happens! Imagine walking down the sidewalk and seeing this? You can’t help but walk down it!

@GrulkeLamonte Drywall mud white. Just done really well so it looks finished.

Finishing up some incredible Level 5 drywall details. If you can guess the color of this white, I will build you a house!

@GrindeOptions Age doesn’t matter as much, but only $2MM is too early to retire, especially that young.

Is 35 too young to retire with $2,000,000 in investments and zero debt? 👀

@adamstatonsmith What does your client love about the terms?

Client just received an off market offer, and sent it to me to review: Purchase Price: $8M Down Payment: $600K Buyer to assume existing debt of $3.2M Seller Carryback: $2.1M in second position at 4.5% interest-only until refinance Carryback debt paydown: buyer to pay $800K within the first year or at refinance They love the terms. Thoughts on this structure? I have reservations.