Dana Lefkowitz

@robbiehendricks Maybe next year we be amongst the chosen ones

Felt the need to say this wasn’t intended to throw shade for those of you enjoying yourselves at the Gala tonight. Fact is, I’d truly enjoy meeting many of you IRL. So have fun, enjoy it. The rest of us B-list nerds will be here holding it down.

@SunShakSunday I did to my work gmail, airtable, CRM and more and it’s glorious so far

Please raise your hand if you have gone as far as connecting your gmail/gcal/gdrive to claude. I'm on the fence, still leaning towards no.

@DonovanBuilds As a lender, i say this every day. Far to often borrowers undercut themselves then cost a lot more if they have to refi for more.

Unpopular opinion: On a non-dutch construction loan you should take out max leverage If you think you’ll need $2M, but can take out $2.2M based on the ARV With a 1% origination fee your only additional cost is $2k in order to access $200k

@SunShakSunday As an owner of a direct lender (lendoor.com) i can say there’s a lot of nuances to what you’re proposing, 1. Borrower inputs are often wrong. 2 . Values vary from borrower opinion. 3. Individual market trend etc. but love the concept. Dm me with questions.

I'm thinking about building an Expedia for Hard Money Loans so real estate investors can easily find the best leverage for their next deal Already have an MVP I'm embarrassed to ship Who wants to test it & give me feedback? Comment 🙋‍♂️ below so I can DM you

@shawngorham Why not do a DSCr and save the brain damage, the hard credit pull and having to show against your dti when it reports to credit. At that ltv u would prob get a rate in the low 6s. Maybe marginally higher but worth it in long run to me. I’m a direct lender. Pm me with ?s

Who are my 2nd home lenders in CA? Big Bear Purchase - 50% down - $150k loan I am tempted to fund the loan with my SDIRA... but its a little short These are the type of private loans perfect for self directed retirement accounts.

@johnsummit @LaytonGiordani @johnsummit dropping bangers in and outta Wall Street this week

@LaytonGiordani u should apply to be on the next season

holy fuck this new season of love on the spectrum is amazing 🥹 wowww

Rush FHA order came from a client today at $450 Due back to them in 48 hours 48 hours to call, research, pick comps, set inspection, inspect, drive all comps, write up entire report 1 hour drive each way I asked for $500 They cancelled the order, told me I charge too much Luckily that was my 5th order for the day; First four orders paid $750, 650, 895 and $600 and gave me 4-7 days to do my thing The shittiest, most demanding client is also the worst paying There’s a lesson in there somewhere

@grownwildinaz Has nothing to do with local govt, there’s plenty of red controlled cities in the valley,it’s called supply logistics, there’s no rail line through the valley, only a dead end coming from Tucson, so simply put it. It’s cheaper to get fuel to Northern & southern Arizona.

Enough of these Democrat tactics crushing Arizona drivers! They're demanding we pay gas stations MORE in the Valley—$4.86+ in Phoenix while rural spots like Pinal County, Tucson, Bisbee & Kingman stay cheaper. Hobbs & crew block relief to protect their high-cost rules and cozy suppliers. Pure squeeze on working people. Time for this BS to STOP NOW. #ArizonaStrong #EndThePain" Democrats are weaponizing gas prices to squeeze Arizonans dry—Phoenix getting hammered at nearly $5 while rural AZ pays less. Katie Hobbs refuses waivers & tax relief so we overpay stations hooked on costly CA fuel. This political extortion ends NOW. Stop screwing the people! #FireHobbs

@MoneylineMafia_ How’s homeless?

All I have left in my account Kansas or homeless

@Aaronthewild @rob_stod I support this

@rob_stod Tattoo the Arizona Block /A\ on your lower back and wear a crop top for a full calender year

If Utah State beats Arizona today I’ll do whatever the most liked comment says (within reason) (no burritos)

@ThinkAppraiser Not at higher LTVs without points., I’m a direct DSCR it’s low 6s right now and was high 5s few weeks ago but Recent economy concerns have driven up. DSCR rates are predicted basically 90 days out as that’s when the note will be traded to securitization partner

What is everybody paying for non-owner occupied four Plex refinance right now? What interest rates are you seeing? I keep hearing people getting under 6% but I don’t see how that’s possible

@follard Go to Polanco.

Got to Mexico City last night and hanging out here through the weekend. Some immediate observations: I am still scared of the tap water so I am primarily drinking Diet Coke. Bottled water comes second. The restaurant scene here is top notch (and cheap). Two appetizers, three entrees, and two drinks last night at a world class spot for $114. Super surprised at the cleanliness. Although the air quality sucks, people take great pride in keeping it clean. I know I am late to the game but this place rocks. Where should I go today?

@molly_margarita @ElHoeElrow W2

Chats been made! W1 or W2 lmk & I’ll add you 🎉🫶🏼🪩

@twallyweb We are doing 90% LTC inclusive of Interest reserves at prime plus 2.5% for good builders💪💪💪💪

Local bank in my market doing single family construction loans at 85% LTC and prime plus 1.5%. Debt fund leverage for a lower cost. Sheesh.

@follard Issue i see is ego or emotional desire to make a square peg fit into a round whole. Builders often want to have the most expensive comp for bragging rights, but no one will be bragging about the deal they lost money on or defaulted.

One of my favorite (and oldest) rules in real estate development is to never build the most expensive house on the block (both for development and ownership). The best projects sit comfortably inside the neighborhood's price distribution. If every home nearby sells for between $400 and $500 thousand, building a home for a $750 thousand exit is speculation. (Buyers and appraisers anchor expectations to the surrounding home). Your goal should be that the neighborhood pulls the price up, not drags it down. Don't make the appraiser or buyer's lender's job more difficult.

@sweatystartup As an Airbnb owner i hate this new trend owners are doing. Most due to the management company’s (cough cough vacasa) to cut cost. It’s esp annoying when you book a 5bedroom house for a week, like come on, one trash bag? I can understand a 1bedroom house to a night,

Rented a 7 bedroom mansion on Airbnb. Wish I would have rented a shitty hotel room.

@mattvanswol Go say hi to them and let natural selection do its work

Uhhhhh… no one told me that fluffy, porcupine-looking pigs just walk RIGHT UP to your home out here in Arizona. Did ya’ll know about this?!!!!!! Was just eating a burrito and all of a sudden 8 of these bad boys just appeared out of nowhere and started eating grass!!!

@LoganHaskett How are you funding?

I build cool spec homes and price them below 300k AMA

@NathanQuinlanGC With the right lender it doesn’t have to be. Im the owner of lendoor.com , let me know if i can help. (Wasn’t meant as a sales pitch on ur original post lol)

@Danalefkowitz I get that, I'm just starting to use hard money for projects and it's an experience

I don’t price shop. As a contractor, constantly beating up vendors & subs on price feels like a losing game. They’re hammered on price all day. Being told “your value is worth less” day after day? Brutal. I ask once → I trust I get their best number. Sure, I could squeeze more… but why? When shit hits the fan, I make a call and know it’ll be handled fast, prioritized, and often at no extra cost. They know I could walk—but I don’t. Relationships > rock-bottom bids. Every time. Relationships matter.