Jack

@bakerbaine What’s the best pitch you’ve heard on why they should get dibs on the unicorn?

If you call me asking for ‘value-add deals, 70% occupancy, 8%+ cap, anywhere in the country,’ just know you’re describing 80% of my call log. At least tell me why you should get dibs on the unicorn.

@zachware Check out Behm Consulting Group in Denver — my buddy Nick is the man and runs a shop that provides services that are similar to what you’re looking for. He’s a hustler. behmcg.com

I want to hire a project manager. Job postings just don't work. This is someone who understands the built world and tech. You'll help wrangle large and small real estate development projects, long-term investment funds, an energy company (?!?!). $5k referral bonus if you send someone amazing. The perfect person is a detail junkie. Highly organized. And has strong output capabilities like presentations. This role will be somewhat of a right hand for me across the RE and non-RE investment and operating world. Remote good. You'll get to sometimes spend time in places like this. Let's build together. Pls fix

@WeddingVenueGuy Awesome to see you crushing it. Do you have any data on what wedding venues sell for once they’ve proven out several years of successful operations?

@nebraskabryce @Levijameshere Fantastic. I’ll keep an eye out.

@JackMccunn @Levijameshere Sent this to a close friend that I think fits your values & has analyst experience! Thanks for sharing @Levijameshere

We are hiring! This is an incredible opportunity to jump in with a growing firm. We are doing big things at LCP. Take a look! linkedin.com/jobs/view/3102…

@Camp4 Thanks for sharing, Kevin. It’s a prime opportunity. 👊🏼

Here’s your golden ticket to CO. I can vouch for this team.

Ping me if you are interested. Taking advantage of this opportunity a few years back changed my life forever! Link to job in the comments.

(4/4) I am in awe of your sacrifice. I am inspired by your courage. I am thankful to my God that there were people like you, and I pray that your family would feel the joyful love of His presence this weekend. God Bless America🇺🇸

(3/4) Thank you to all who have paid the ultimate sacrifice defending our freedom & paving the way for others to experience a life of freedom & hope…

Happy Memorial Day Weekend! We are so incredibly blessed to live in this great country, and I am so humbled by those that have laid their lives down to defend it. There is truly no place like the USA. Is it perfect? No. But it is the land of hope & freedom, where anyone…

@Levijameshere The man in the arena.

@Levijameshere That’s not class B🧐🤪

@Levijameshere @BoulderJake I’m a big fan of @BoulderJake — he might be an evil genius

@MultifamMason Nice work Mason! Making 509 proud

JUST CLOSED! Owned by the same owner for 20 years, a deep value-add opportunity Tanglewood sits in an evolving corridor, where three 100+ unit properties traded in 2021 Want to know what a challenging escrow looks like? Call me and we'll talk about this deal.

@DevinWanzor This should be looked at as more of a mixture of IRR and multiple on equity. A 14% IRR may not get you fired up, but if it’s attached to a +3x MOE, that should get you fired up (especially if it’s commensurate with the risks)

Answers so far are surprising me. My return expectations may be too high. I have a deal where my conservative proforma is 14% IRR on a 10 year hold, using zero leverage. I am not fired up about it for some reason.

For a relatively safe real estate deal (self storage asset class), what IRR would you look for as an LP over a 10 year hold period?

@fortworthchris It’s so hard not to be a deal slut and to look at everything… the quick no is a super power.

Always super impressed by those who get to a quick no. Reeks of wisdom and knowing their lane.

@Levijameshere This deserves a thread! I want to learn how to avoid this!!!