Liam Dougherty

@Baystboy @grok @mhdksafa Demand is high but if you apply by 11am ET you’ll have a shot.

@grok @mhdksafa How is the demand for Phase 3 tickets?

@khzny @hq_storage @TheHunterGore No way - couldn’t see that coming!

@hq_storage @Liam_Dougherty @TheHunterGore well well well

I can’t help myself. I registered to call in. Too many mom and pop investors being ripped off lately. What are the odds my fixed 15% is being paid out of my original investment?

@loganjrankin Are you able to share high-level what your tech stack looks like?

I never set out to own a property management company. But after buying so many properties, outsourcing operations started slowing me down and adding unnecessary risk. So, I brought it in-house. That move changed everything—acquisitions sped up, risk dropped, and I gained more control. Now, I can focus on the next deal, knowing my management team’s got the playbook and is executing at an elite level.

@UjwalVelagapudi 😂

@Liam_Dougherty one day I’m gonna facetime you to select my puppy 😂

My used car buying experience has been horrible. I've contacted 130+ sellers in 2 weeks. 100+ on FB Marketplace, the rest on Craigslist. I'd guesstimate <20% are actually private sellers. Most are dealers, title flippers, or fake listings. "valuation" tools are underpriced - going rate is almost always higher on the market. These are listings that I tend to stay away from: - too good to be true: no, you're not buying a 2020 BMW X5 for $14k. Also, BMW's tend to be some of the shadiest cars scammers use to manipulate - if there are pics of the rear without its license plate, likely a dealer - if you see it looks like it just got a fresh detail, professional looking pics. Even more so if it has the paper floor mats with the two feet on there. - listings in Spanish - CAPS LOCK LISTINGS - if I know the area well, I'll avoid listings from bad neighborhoods - anything but a clean title - just more work otherwise - tacky customizations to the vehicle Questions I ask to protect myself & vet the seller: - how many years have you owned it for? - how many miles have you personally driven on it? - is the title in your name? if not - will the owner be present with their legal ID to verify? - do you have service records or can I call the shop you've had the major work done at? * of course, run a car history report & get a pre-purchase inspection done at a reputable auto shop There are a ton of other things to look out for and in sourcing the right ones for you, and to vet & qualify.

@EllliotttB Lost me at “three quadrants”

There was a very dumb interview with many very dumb quotes but these are my fav: - WTF is the fourth quadrant hiding (and what are the first three) - inverse relationship between risk and reward is hilarious, turned out to be prescient, even though opposite of what he meant

@sweatystartup samsung.com/us/business/co… This one does the trick for me - more than enough screen space and no issues with resolution. Only caveat is I know certain MacOS versions don’t work for it but I use it with my MacBook.

What is the best monitor stand / ultra wide monitor for a desk? MacBook setup.

@LandlordRescue Yes remediation would be very expensive as it’s all bedrock beneath. I am familiar the site with it and there’s some issues. Do you have ties to North Bay or just were looking for tax sales and checked it out

@Liam_Dougherty Here’s the issue with tax sales. You have to close in cash. I don’t have enough money yet to pay for it and deal with environmental issues. There’s a lot lower hanging fruit to pick. But if you look at the property and location it’s worth it.

Pretty sure you all want to know why I’m in North Bay. I’m coming to check out tax sale properties. You can’t go in to look, but you can spy on the outside. Then put a bid in and 🤞

@LandlordRescue On McIntyre?

2 of the properties are no bids for sure one is a dry cleaner. One has a $117k tax lien plus 71k minimum bid. Live by the sword die by the sword.

@moseskagan Do you ever market vacant units in the same building to the current tenants? I.e newly renovated unit or different floor plan for purpose of creating another vacant unit to reposition/lift rents?

To be clear: We never directly market vacant units to current tenants in other buildings we manage. They find the listings on Zillow or similar sites or on our website.

Just had a tenant apply to move from one of our apartments into another. This will be the *4th* Adaptive unit he has lived in. What an incredible compliment to our property management team.

@lev_ered @vijaythirumalai If Auston keeps averaging a hat trick we’re looking good

This tipping culture is getting out of hand... was at a bagel shop today morning.. minimum tip option has gradually moved from 10% and now sits at 18% Options are 18%, 20%, 24% What gives?

@CaseyMericle Shouldn’t it just be the amortization period that shrinks? If a borrower increases their payment on a loan with a fixed rate it will reduce the time it takes to pay off the loan.

How to 3X your money in 120 seconds NSFW 🤯

@moseskagan Had I seen this when I started 5 years ago and followed the steps could only imagine where I’d be today

@Liam_Dougherty V kind - thank you

How to raise money for your first real estate deal Many beginners find a deal, tie it up, then start trying to raise capital. That’s a good way to end up with a busted deal & egg all over your face. Instead, you want to let your initial capital base dictate the kind type & size of deal you pursue & use the process of figuring this out to begin to build trust with your eventual partners. Do this: 1. Make a list of all the rich people you know, from every part of your life 2. Ask to meet them 3. Tell them you: (i) want to do your first deal, (ii) are inexperienced, but keen & willing to work hard, (iii) know you’ll need investment from people who trust you, (iv) want to make sure you’re targeting the kind of deals the people who trust you might like to invest in 4. Ask them: (i) whether they would back you, (ii) what kinds of deals interest them (asset class, geography, strategy), (iii) how much they might be willing to invest 5. Keep notes of all the meetings 6. After the meetings are done, cross-reference your notes to determine: (i) what kind of deal you should target (example: Midwest, self-storage, value-add), (ii) what size deal you should target (based on how much equity you’re likely to be able to raise)... keeping in mind that some of the $ ~always ends up coming from people you didn’t know before you tied the deal up 7. Put together an email list of all the people you met with 8. Send an email to that list explaining what you’ve chosen to pursue & why 9. On a ~monthly basis, email the list updating them on your progress (brokers met, deals underwritten, property managers interviewed, etc.) & key learnings. (Sending these regularly shows them you're taking the process seriously and not just jumping at the first deal you see.) 10. When you find a good deal that matches the criteria you established, go ahead & put it under contract, knowing you’ve almost certainly got the capital to get it done Happy hunting.

@marioEbrown @AUgreenville Those properties look great - amazing stuff you guys are doing down there.

It means a lot for our city to feature us @AUgreenville 🎥

@UjwalVelagapudi Lakers? 🤔

Lakers vs Celtics finals?

@tony_kwan Cap rate is just the income based on a moment in time. I presume ppl buying negative leverage have strong conviction of rental growth. I would not expect to see cap rates in Toronto or Vancouver even in the 5’s for a while

A school of thought in CRE is if cost of debt is say, 5%, then theoretically cap rates must be higher in order to be in “positive leverage”. My question on that (Vancouver context) is: When was the last time you saw an apartment building trade at a 6% cap?

@GaucherAndrew Likewise! And I’d be open to chatting to learn a bit about marina’s. Will reach out.

@Liam_Dougherty @JShamess @khzny @hq_storage Great meeting and chatting this week in LA!

Anyone know much about owning Marina’s? Noticed several have transacted in Ontario lately. Curious how sticky/recurring revenues are, how operationally intensive, how are they valued etc. @JShamess @khzny @hq_storage