Stocks and Strip Centers

234 posts

Stocks and Strip Centers

@Cincy231

I'm a short bias small cap daytrader and a value-add commercial real estate investor focusing on retail & office properties in NJ/PA

Bergen County, NJ Katılım Ocak 2020

243 Takip Edilen67 Takipçiler

Stocks and Strip Centers@Cincy231·3d

@ThrillaRilla369 Exactly. When I was middle class, I realized I didn't qualify for any healthcare or educational subsidies. The very next year I made sure I made less money so I could qualify for all those subsidies. The government isn't correctly incentivizing people with their policies

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Thrilla the Gorilla@ThrillaRilla369·3d

The middle class is the most expensive place to live, and no one talks about it. Lower income households get assistance. The wealthy use tax strategies and loopholes. But the middle class pays full taxes, full tuition, full healthcare, full everything. So you work 50 hours a week just to stay in the same place and fund everyone’s life except yours.

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Stocks and Strip Centers@Cincy231·4d

@rickycarruth Comparing $10 tip to $10,000 commission difference is kind of a bad comparison.

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Ricky Carruth@rickycarruth·5d

You'll tip a server 20% for bringing your steak and argue with a real estate agent over 1% for handing you a house.

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Stocks and Strip Centers@Cincy231·26 May

@joeytee_ You must have had some idea of potential users. Usually one doesn't buy retail and then hope to find a tenant unless it's a smoking good location and/or low basis

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Joey Tee@joeytee_·26 May

Just submitted an offer on a commercial deal- old Kmart in Illinois. It was accepted. Which is great, bad news is I have no clue what to do with it. Someone buy this from me.

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Stocks and Strip Centers@Cincy231·25 May

@realEstateTrent I started out buying single family homes for the 1at 15 years of my career. Bought my first strip center in 2022, made 4x my down payment, and kept buying commercial from then on.

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StripMallGuy@realEstateTrent·24 May

The Instagram people are freaking out about this. It goes against what they teach people in the courses 🤪

StripMallGuy@realEstateTrent

The people who buy single family homes as investment properties haven’t studied commercial real estate

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Stocks and Strip Centers@Cincy231·25 May

@realEstateTrent I always thought GP incentives are misaligned with LPs. For example, acquisition fees are a percentage of the purchase price. Therefore the higher the purchase price, the bigger the fee, but high purchase price is no indication of how good a deal is.

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StripMallGuy@realEstateTrent·24 May

Most GPs are just making macro bets

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Stocks and Strip Centers@Cincy231·23 May

@realEstateTrent When you invest in a shopping center outside of your home market, do you have a boots on the ground property manager?

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StripMallGuy@realEstateTrent·23 May

Doing deals in markets around the country instead of just the markets around where I lived. Such a blind spot.

The Real Estate Blonde@the_re_blonde

If you could restart your CRE career from year one, what would you focus on faster?

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Stocks and Strip Centers@Cincy231·23 May

@robbiehendricks If it was only $200-$300 extra for the flights I need, I would take business everytime. But business can easily be 5x the cost of economy. That's not worth it to me. But other considerations, such as height, does factor in

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Robbie Hendricks@robbiehendricks·23 May

Welp, I guess I’ll say it: I pay for 1st class when I fly for work. I’m tall. Coach kills me. I feel cramped and really can’t get much done. Instead, I can get in 2-3 hours of good work up front. It’s productive with no distractions. Worth the $200-300 extra for me.

StripMallGuy@realEstateTrent

Some of the richest folks on the flight happily walk by your business class seat on their way to 21A.

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Stocks and Strip Centers@Cincy231·21 May

@robbiehendricks Which city is this and what will be your stabilized cap rate?

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Robbie Hendricks@robbiehendricks·20 May

Before & After: The journey has begun. Acquired this 100 unit deal in October...was in awful shape. 25% occupied. Doom zone. Finally hit 50% occupancy. Goal is 90% by July 15. Mad dash!

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Stocks and Strip Centers@Cincy231·20 May

@SimpleCRE As a percentage of his equity, it's a good return but overall 120k isn't much of a return. He's not going to retire. He's either going to pay taxes or have to find a 1031, at which point he'll pay closing costs. At the 1M profit threshold, your options open up.

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Jason Richards@SimpleCRE·20 May

I knew a real estate investor who bought a small strip center for $600K putting $100K down. A year later, he turned down an offer for $720K because "it was only a 20% return." This is your competition in the sub-million dollar investment space.

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Stocks and Strip Centers@Cincy231·13 May

@CaseyMericle I did not know 85% of sale leasebacks don't finish the lease. Where's that stat from? Also, that's genius of prepaid rents can be structured as part of the down payment.

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Casey Mericle@CaseyMericle·13 May

86% of sale leasebacks don’t finish their lease Have the seller give you 2+ years of prepaid rents at closing If you structured correctly w/ the right bank loan you might be able to call those payments by another name… Down payment For those of you who syndicate please send me a pref but not your PPM

GIF

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Stocks and Strip Centers@Cincy231·13 May

@AdamHKlein Not really. It's just annoying gathering all my funds from different banks. But I know a lot of people photoshop POFs these days

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Adam H. Klein | Selling CRE in Florida@AdamHKlein·13 May

@Cincy231 Would you have been offended if they asked you?

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Adam H. Klein | Selling CRE in Florida@AdamHKlein·12 May

If a buyer is offended that a broker asks for proof of funds, it was probably the right question to ask.

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Stocks and Strip Centers@Cincy231·10 May

@BrandonWealth I used to say if I can make 1k per day in net operating income, I will be secure. I've surpassed that but choose to continue because the real estate game is fun

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Brandon Wealth 🇨🇦@BrandonWealth·9 May

Real question: What’s the amount invested where you’d truly feel financially free? Not billionaire rich. Just secure.

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Stocks and Strip Centers@Cincy231·10 May

@brianbeers @Dirtdog You shouldn't pay down the debt if the yield on the cash flow exceeds the interest rate on the debt. Just buy more good deals with the money saved up

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Brian Beers@brianbeers·9 May

@Dirtdog Do you ever pay down debt with cash flow or always ride it out

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Chris Hatch@Dirtdog·9 May

My whole life changed / pivoted at this moment. If you are thinking about getting into net lease ownership but are debating it, stop. If you are involved in the brokering, building, developing of net lease assets figure out how to get on the ownership side asap.

Chris Hatch@Dirtdog

My first CRE deal I purchased was an Arby’s. Once I fixed the lease to a new long term deal I placed fully amortizing debt on it The lease is now in year 12 and I am hitting a sweet spot on the principal reduction portion of my loan Using debt to buy CRE is a life hack 😍

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Stocks and Strip Centers@Cincy231·8 May

@donkeyDdevelops I called on a NNN property for sale with a QuickChek tenant. Asked the broker what's the cap rate. She responded "I'm sorry, I'm not familiar with that term." That's what happens when you hire a residential broker buddy to sell a commercial property.

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donkeyDdevelops@donkeyDdevelops·8 May

You want to be a broker? Here is your competition: -10 min late to call, completely unprepared. -Cannot answer basic questions abt deal. -Misuses several terms. Not sure this person has ever done RE before. -Accidentally sends NDA signed by my competitor instead of blank one. -Completely unresponsive to texts/emails/calls. The bar is on the floor, people. Go get it.

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Stocks and Strip Centers@Cincy231·8 May

@CaseyMericle ...when you're buying single family homes in the hood

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Casey Mericle@CaseyMericle·8 May

Real Estate doesn’t feel so passive when _______

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Stocks and Strip Centers@Cincy231·8 May

@GUS_player_C Damn that's a big win for that account size. You must have big swings.

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Trader_Chen@GUS_player_C·8 May

underperformed, covered $QCOM too late

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Stocks and Strip Centers@Cincy231·5 May

@Jacob_Naviaux How much does it cost you to run 29 titles?

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Jacob Naviaux@Jacob_Naviaux·5 May

All ready for the foreclosure auction tomorrow. Have 18 properties I’ll be bidding on across 6 counties in metro Atlanta (as of now). Here’s a look at what underwriting has looked like over the last week and a half: • 92 properties driven (hired this out) • 66 underwritten • 29 titles ran The drop in numbers comes from a mix of properties getting canceled from the sale + realizing properties are underwater quickly without having to run full title. Wish me luck.

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Stocks and Strip Centers@Cincy231·4 May

@robbiehendricks And rightfully so, you shouldn't risk LP money on the soft costs. It would give you a bad rep, and reputation is everything in this business

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Robbie Hendricks@robbiehendricks·4 May

Note: We didn’t raise LP capital for these early soft costs. Wasn’t willing to risk OPM while we were learning the ropes of development. Was planning to syndicate once it was all buttoned up and shovel ready.

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Robbie Hendricks@robbiehendricks·4 May

My partners and I are out $900,000 cash on two developments currently. Both look unlikely to happen, at least in the near to mid-term. Gigantic opportunity cost.

Nick Huber@sweatystartup

Everybody wants to be a real estate developer until the down cycle comes! You have to have balls of steel to make it in that business.

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Stocks and Strip Centers@Cincy231·3 May

@ThinkAppraiser Few reasons I can think of: maybe cost basis is so low from a series of 1031s that he can't sell; he can only refi out. But also going all in is the reason why he's worth 100M in the first place

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think like a real estate appraiser@ThinkAppraiser·3 May

Honest question: if you’re worth $100 million why wouldn’t you cash out $10 million as a rainy day fund?

BridgeLenderGuy@bridgelenderguy

I met a well-known real estate developer this weekend and he told me that he is worth over $100 million, I asked him how liquid he is. He told me he is two months behind on his kids tuition.

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Keşfet

@ThrillaRilla369 @rickycarruth @joeytee_ @realEstateTrent @robbiehendricks @SimpleCRE @CaseyMericle @elonmusk