Jennings Smith

@skylarromines @laurenashastro Haha. “I can run for a long time”

@laurenashastro One of them, the matchmaker sold him as an ‘ex professional athlete’ but it was just a guy who had done a few ultra marathons Which like - still cool. But way oversold

so the question becomes why does a guy with so much going for him need to pay $50K to find someone? i’ll bet it’s not just his scope of preferences lol

It’s simply putting idle money somewhere that works a little harder without adding stress. Curious… What would you have done with the $250k?

Over the last year he earned more than double typical money market rates, backed by 1st position mortgages at ~70% leverage on properties in SC, GA, and NC. And he still had access to his cash. Sometimes the goal isn’t chasing huge returns.

A friend of mine accidentally made $20,000+ on money he needed in less than a year. And he almost left it sitting in a money market. He sold his house and walked away with about $250,000 in cash. The money was sitting in a money market when he called me.

@piteasio @RichardHeartWin What in the AI worst comment is this

@RichardHeartWin that’s my guy! it’s like someone who’s never felt pain talking about pain, or someone who’s never been broke preaching about hunger… you’re right fr.

I like how ever little bitch that's never been attacked by a nation state pretends they're a free speech warrior...

@darrelltalksfi Take the bank loan and bring on an investor for the shortfall and give them equity

A buddy of mine is stuck. Bought a 6-unit to flip using hard money at 10%. Purchase price: $800k Renovations: $200k All-in: $1M Renovations took about a year. The market softened during that time. Listed at $1.25M 18 months ago. Now at $1.1M. Fully occupied. ~$8k/month in rent. Still losing ~$1,000/month because of the loan. Banks will only offer $700k. Not enough to refinance. He’s stressed and doesn’t know what to do. Any advice?

This week on Unlock Your Life, we look back on 2025- both successes and missteps- and talk about how we all work toward a prosperous 2026. Find episode 171 on YouTube and wherever you stream podcasts.

@ChrisRamsey60 Agreed. Breaking ground this spring

I have some bad news. Contractor garages are going to be on every corner in about five years just like Self Storage. Get in the game quickly Time is of the Essence.

@Brandondoyle That’s great! I will report to my son

@Jenningsfoster Two so far! He’s only listed a handful so far though.

This is my son. He is almost 16 and wants a vehicle. I refuse to buy him one and told him he needs to pay for it himself. He got a job as a rec basketball league referee and quickly realized how long it would take to save up enough money to get a $3k car making $12/hour. Then I showed him some cooler $6k options on Bring a Trailer and he got the itch to make more money. I gave him countless ideas to pursue. He wasn't feeling any of them. Then I decided to show him some podcast episodes from @mhp_guy (he's listened to some from Chris before and was a fan). No ideas were really hitting home until he heard an episode between Chris and @ShannonJean about reselling. He fell in love. So I showed him a few more and he was convinced that that was the route he should take. We started browsing B-Stock and then realized we need a state tax license and some other stuff so we got that all set up. Then we browsed some more. Endless deals. We settled on buying 115 rugs at an average of $13/rug after shipping. They're all Costco returns. Various sizes, some in better condition than others. He now has to figure out how to sell all these through my Facebook Marketplace account. I won't be helping him at all, other than answering questions and casually giving him strategic ideas here and there. If he can sell the rugs at an average price of $35 (keep in mind some are brand new and are 10' x 14' large), he'll make $2500 in profit. Then we can start car shopping :). P.S. Chris and Shannon - thanks for the motivation!!!

@CaseyMericle So you didn’t make the offer?

@Jenningsfoster x.com/strickler_jay/…

How to make a smokin’ deal on an overpriced property Conversation ensues You: Why is this priced so high like it’s full? Does the owner realize it’s empty? Broker: (Grumbles) We’ve dropped the price & there’s starting to be activity Y: Have you had any offers B: No Y: How long has it been listed? B: 100+ days Y: Is the owner starting to get mad at you because of their unrealistic price? B: (Grumbles) Y: Will the owner pay for improvements if I have a tenant ready to move in without raising the price? B: (Grumbles) Probably not Y: So you’ve got an owner that won’t reduce the price, won’t make improvements to sell the building & is wasting your valuable time B: (Grumbles) Basically! Y: This building is free & clear why doesn’t the owner just borrow against it to make improvements? B: (Grumbles) They don’t have the money to make improvements, they just wanna sell it Y: Yeah for a high price that no one can afford without a tenant (laughingly) B: (Grumbles) Y: Do you know any banks that would loan against this vacant building? B: No Y: Me neither, but I do know some hard money lenders that might but they charge 12% Y: I’ll tell you what. I don’t think this building is worth a dime more than $1M. But your seller won’t accept that right now I’ll bet them $500K that they can’t lease it up in the next 2 years & sell it for $1.7M I’ll give them $500K as an option to buy the property at $1M That will give them the money to pay you, put cash in their pocket, do the tenant improvements & lease it up If they do that they’ll probably be able to sell for $1.7M Have your seller come back anytime in the next 2 years & pay 12% If they don’t come back let’s just agree it was only worth $1M & I’ll buy it with another $500K If I don’t come back they keep the $500K & can still sell for $1.7M Wouldn’t that be better than beating your head against the wall with a high price and no prospects? Convo is over Who can tell me what you just did if they said yes to this deal?

@creromans Do it. Unlimited upside plus you can learn the industry and buy your own properties

What would you say to a 48 year old who wants to start a new career in CRE brokerage? He’s interviewing at M&M and a few smaller shops as well but doesn’t have a full understanding of the CRE industry. He just really wants to be in CRE and start as a broker. Doesn’t understand the differences between firms and niches in the industry - basically he’s just taking a leap of faith He’s been in construction project management for years and wants a change. Not married, no kids and low monthly expenses (like $3k/month low) What would you tell this person? Other than it’s going to take three years before you make any money. Given all of this information what’s your brutally honest advice, pretend this is a friend of yours.

I tell my kid whatever I want. “Follow your dreams” “Believe in yourself” “You can do anything you set your mind to” what am I SHOWING my kids? You don’t need permission. You can just do stuff. They don’t listen to me anyways lol. But they do watch me.

I had this idea 6 months ago, and now we have; -land sourced and bought -civil engineering/surveys/geotech done -concept plan and site plan done -permits in process -10 units PRE SOLD -loan for project secured -$1.5 million in cash raised

“Son, here’s a secret. You can just “do stuff”. I mentioned this to my boy, Jennings the 3rd, who was helping me install signage for our flex warehouse project.

Contractor Garages. We closed on our development site. 4 acres outside of Charleston SC. We are in review with the county and should get our land disturbance permit early 2026. We are building 34 units, each 1100 SF and are selling them individually. 10 pre sold so far.