Kip Northrup

@realEstateTrent Happy Easter! 🐣

Happy Easter to all who celebrate ❤️

I’ve gotten to the point where I much enjoy taking a chance on a tenant that is a new entrepreneur starting out. I don’t always fully believe the idea will work but people helped me when I first started and it feels good to pass it along. Helping someone turn this into a children’s play space very soon. Think of Chuck e Cheese without the beer & pizza.

@realEstateTrent I’ve only been a guest on a few podcasts but I can’t imagine telling anything other than my own stories.

Crazy how you’ll hear someone on a podcast and they’ll give a completely different narrative than they do in real life and off-the-record.

@dirtcheapbanks Situations like this happen everyday in local communities. Why all the hate in this post though??

Had coffee with a small-town community banks CEO this morning Nothing fancy Lobby still had 1998 vibes He picked up the tab $4.75 Left a tip $20 I said, “That’s… aggressive for drip coffee” He smiled “Barista banks with us” I didn’t get it He kept going “We financed the coffee shop. We hold the building mortgage. Her deposits sit here. Her boss took a PPP loan with us” Paused “That $20? I’ll see it again 4 different ways” I just stared at him Wow The best banks aren’t earning interest They’re recycling entire local economies

@JimKittridge I prefer local. Always nice to meet the person who’ll be writing the check face to face.

National credit rated tenant wants to lease your building. It's going to take 6-12 months. Local HVAC co wants to lease your building. It's going to take 1-4 weeks.

@Cobylefko That’s a LOT of planters to water 😆

This street is completely enchanting. But note how the buildings aren't particularly beautiful. They're simple, some may be attractive, but all of the work is coming from the intimacy of the street, and abundance of the flowers. Scale & greenery matter more than we think!

@realEstateTrent Unless its completely obvious you’d only ever be flying on a PJ

I don’t know who needs to hear this but here goes: Never. It’s never a good look to post photos of you flying on a private jet. It’s a blind spot, I promise. Stop it. You’re welcome.

My daughter just said “You can’t be mean and fat. Pick your struggle.” 😳🤪🤔

@bethanyjbabcock Absolutley! Still do them. And an Easter egg hunt too.

I didn’t know Easter baskets filled with gifts and candy for kids were a thing until I got married. I don’t love the tradition and haven’t adopted it for my kids. But I am curious how common it is here in the States. Did you get a full basket on Easter as a kid?

The CRE agents in my area are lazy. This is why we represent and market our properties ourselves. I will say many of the brokers I follow on X seem to do much more in terms of marketing and therefore are likely worth the commission but that’s not the case in my area. They just sign the listing, put it in their website, place a sign out front, and wait for the calls.

Why do brokers get paid for performance on sales but not on leasing?

@darryllhamilton @bridgelenderguy This is what I do but my CRE properties don’t attract complicated tenants so the lease negotiation is pretty straightforward. I do have my attorney draw up my leases but my wife and I take on the role of real estate agent.

In today’s market (my market) we have more spaces for lease than tenants. You’re welcome to structure the lease how you see fit but if you don’t want to pay brokers up front they’ll just send their tenants to properties that will. Also nothing says you have to pay commission in the first place. You’re welcome to market the property yourself and find your own tenants. Why don’t most landlords just do that instead?

@seandsweeney Melania

@johnpavlovitz I agree…Newsom is awful

Dear World, Don’t help him. Oppose him. Defy him. Embarrass him. Arrest him, if you’d like. We’re not with him. Sincerely, Decent Americans

@tommysantos14 You're right. He needs a 3rd term!

When Trump leaves office: The Department of War will go back to being the Defense Department. The Trump Kennedy Center will go back to being the Kennedy Center. The Gulf of America will once again be the Gulf of Mexico. The unfinished East Wing (it won't be finished by the end of Trump's term) will be rebuilt by the next president, and it will not be a ballroom. Federal agencies packed with unqualified loyalists will fire those people and rehire the career experts Trump fired. The Department of Justice will go back to enforcing the law instead of protecting the president. Scientific agencies like NOAA, the EPA, and the CDC will go back to publishing research without political interference. The U.S. will re-align with its allies and not with its enemies. The presidential pardon power will stop being used as a rewards program for loyalists. Inspectors General will go back to investigating corruption instead of getting fired for it. The White House press room will go back to having briefings, with real journalists and not podcasters. U.S. foreign policy will stop revolving around flattering dictators. And the world will progress as though Donald Trump never existed.

@HoodiWaymo Short term loss, long term gain.

In Michigan, gas was at $2.50 a week and a half ago. It is up to $4.00. If you were undecided on the war, this should make your choice.

@SenSanders How many of the 60% are living paycheck to paycheck because of their bad spending decisions??

Wealth inequality has never been so bad. While 60% live paycheck to paycheck, 938 billionaires got $1.5T richer in 2025. Justice Brandeis was right: "We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both."

@indexnforgetit What refund?

What are you doing with your tax return refund?

@aakashgupta Early on in our marriage I ruined several of my wife’s clothes by mixing colors and then drying everything. Haven’t done a load since! 😝

A major cheat code in life: Master the art of strategic incompetence. Some tasks you don't want to be good at. Be bad at them and watch them get reassigned. Not everything needs your excellence. Some things need your exit.

@JimKittridge Nice addition to the portfolio. Are most of the properties you’ve been buying outside the area you live in?

New deal under contract! Small bay industrial What I love: Avg size is 1500 square feet One of the fastest growing metro's Near zero inventory What I don't love: High $/SF Entry cap in the 5's Existing leases are poorly written

@JimKittridge Lol

@NorthrupKip Also did 14 flips/builds last year. Hoping for a slower year

Bought 15 value-add deals last year across vacant industrial, small-bay, retail, storage, and multifamily. Rent roll grew 50%, but the loss-to-lease and execution risk were higher than I’d appreciated taking on that many heavy lifts at once. We came through it because the team executed, the assets leased up, and we had active income to reinvest. My takeaway: Don’t size heavy value-add based on projected upside or portfolio %. Size it based on what your current rent roll can support with zero credit for future lease-up. Portfolio % is a guardrail. In-place DSCR is the test.