Polo Vazquez

@PaceJordanMorby @BeardyBrandon 100%. Most syndicator are still out there charging their fees and raising more money for more deals that don't pencil with real numbers in this market. Brandon is just one of many that lost money on a deal when the market turned. I'm sure he's made way more money on deals though

A lot of trashing of my friend @BeardyBrandon about his honest post. I think people should applaud him for sharing this publicly. Right now… a woman I know who lost $40 million on investor capital last year is back to raising money again… Say what you want… at least he was willing to put himself in the crosshairs and be honest. Most syndicators are hiding from telling the internet the truth and will be back to raising money again soon.

@dig_deeper1 @robbiehendricks And I literally mean forced because if you do not sell, you would we cash flow negative due to the interest rate hike

@dig_deeper1 @robbiehendricks Most ARM have an initial period where the rate is locked for 5 - 7 years. If you have a clear strategy to sell before that time and ARM will work. Unless, the market turns and then your property has decreased in value so you are forced to sell at a loss.

I’d like to give Brandon Turner sincere credit for this post on IG. He fully owned up to the loss of LP capital publicly. Explained his responsibility, which is the most important, along with the market factors the affected the downfall of this deal. This is exactly how a sponsor should transparently communicate when something like this happens. It doesn’t make the loss of capital easier, but I have true respect for people that take ownership. The guru class has butchered the handling of their errors over the past 5 years. Brandon is the first one I’ve seen to step forward and address it. Credit where credit is due. Bravo.

@TannerBuilds I agree but I also worry about the new homes. Drinking water coming out of soft tubing (PEX) doesn't sound right to me. 100% sealed homes with a product made out of chemicals neither. I feel we are going to be seeing the effects of some.of the things we use more in the future

“Old homes have so much character. They just have better bones” The character: - abestos everywhere - aluminum wiring - cast iron plumbing - no sheathing - no insulation - mystery moisture behind every wall

@dig_deeper1 If it was a previous tenant... The PM company should have his info and the person scammed should be able to file suit. Am I wrong? She had the fake lease and Zelle payment to prove it

I’m renting my house (5 beds 3 baths 2270 square ft) for $3,114 with a security deposit of $4,671 for a total move in of $7785 excluding fees… This prospective tenant comes in and tells me how she got scammed out of $6,000 She tells me she saw a house for rent via owner through social media in Facebook marketplace for $3,000 monthly rent and a deposit of $3,000. She went to the house met the owner there and he showed her the house, she liked the house and stroke a deal. She sent him all the income proof passed the background check and credit check all good. Owner sends the lease agreement through Docusign she signed and she becomes a renter, finally she Zelled the owner $3000 rent plus $3000 deposit…. Renter didn’t want the house cleaned nor painted so that made the job easier for the owner. Renter moves in with her belongings and two weeks later she was barely getting used to the house when someone knocks on the door… Tenant opens the door, and the people outside introduces themselves as the property managers of that rental home. She’s confused, she said that there is no PM because she signed a lease agreement with the owner and she showed them the lease agreement and mentioned that the owner had no PMs. The Property Managers read the agreement and they are also confused because the owner is the previous tenant that used to live in that same house before he moved out. The Property Managers tell the new tenant that she was just scammed out of her rent and deposit. Tenant called the “owner” and phone was disconnected New tenant couldn’t do anything else but move out. Many such cases.

@UziCryptoo Yes but you can buy a smaller house and pay less even though you may be making a lot of money. At least you can choose

6 years of living in Texas and I've come to the conclusion that the no state income tax thing is basically a scam. The property taxes are so high that they negate any savings. We are still paying as many taxes in Texas as we would in California. You save on gas I guess.

@GamewithDave Age of empires 2

For anyone who used a computer between 1990 & 2005… what’s the one game you still think about?

@REMarketingTips Prices in my market haven't changed at all in the last 2-3 years.... They still have the benefit of loan pay down though so I still recommend to always buy

Buyer in 2023: "We'll wait for rates to drop." Buyer in 2024: "We'll wait for rates to drop." Buyer in 2025: "We'll wait for rates to drop." Buyer in 2026: ... At some point the math changes. The home they could have bought in 2023 for $400,000 is now $450,000. The rate they were waiting for hasn't arrived. But the equity they would have built? That's just gone. Every agent reading this has had this exact conversation. More than once.

The people that buy and leave. Then there is always at least one other person gambling on the slot machines. I now see why my political science professor calls it a poor people tax. It's insane!

I've been working out of a gas station today while my car gets fixed. I'm genuinely impressed and astonished at the amount of lottery tickets that gas stations sell. There is an average of 2 people working on scratch off lottery in the tables across me plus all ...

@realEstateTrent Would you be interested in an abandoned Walmart in Texas? 30k SQ ft for $1million dm me

Lots of brokers cold-call for listings, and get stumped when sellers ask them if they actually have a buyer they're working with. So what do you do at that moment if you're the broker? You tell them you have a buyer, and you call me! All-cash, 45 strip malls purchased, $100M ready to go, and we buy them anywhere in the US. That seller just showed you they may be willing to sell. Reach out. I want to be your buyer!!!

@dig_deeper1 Sure you can but the agent is still getting paid and now he doesn't need to do any work. You can't just cancel a listing agreement unless both parties are in agreement and you bet the agent won't agree. If you want to bypass the agent you are going to have to wait

Can you present an offer to a house that is in that market with these conditions: Tell agent that you want to submit an offer $36K less without using agents, meaning that the buyers agent must present it to the sellers agent because it’s an offer and the sellers agent must present it to the seller. Are the agents going to present it or nah? They should since it’s an offer

Great job @HawleyMO & @SenWarren LOVE THIS. Anyone in Congress that doesn’t support this, doesn’t want lower cost healthcare for Americans. This is a no brainer. Let’s hope @POTUS puts his weight behind this

@EZebroni Hahaha this is true

@RealtorPolo You don’t drive like my renters

I just paid $17 for a brand new tire for one of my Turo rentals! As a Turo host, the most costly maintenance item for our Teslas every year is TIRES. That’s why we use Discount Tire for all of our tire needs. Whether it’s a new set of tires or tire repairs, they always get our business. Most importantly, we ALWAYS purchase certificates for our tires. This afternoon, I hopped in our 2023 Model 3 RWD to take it for a state inspection and immediately noticed a TPMS alert: flat passenger rear tire. I filled up the tire and drove over to our local Discount Tire location. They quickly found the screw, determined it was on the sidewall and needed to be replaced, and told me it would be covered by the certificates we had on the tires. The only cost, the $17, was to add a certificate to the near tire. What a deal. And to make things even better, the damaged tire was the only tire that was showing lower tread. If you purchase a new vehicle and you don’t have tire coverage, swing by Discount Tire and have them add certificates to your new tires. It’s well worth it. Trust me.

@dig_deeper1 I do PM. But I understand this. So no margin on repairs, 70% leasing commissions only and sometimes half of that goes to another realtor and and don't make any money on application fees. I make money of the monthly rents. That being said, a lot of PM are not good

If you’re a landlord and have less than 20 properties and you’re paying for a property management you are playing a losing game. Your profits are non existent Most of your profits go to management Management wants an empty unit so they can cash in with the applications fees while you get a big zero Maintenance and repairs also comes with a margin from them. Otherwise how are they making money from you ? After 3 gruesome months of seeing no rent income the PM sends you an email saying that they found a qualified renter for your empty unit. You think finally you’re getting some cash Think wrong The first month goes to the PM You gotta wait until the second month. Thats not fun but that’s the price you pay for having a PM. Having a PM slows your game. Become your own PM and pay yourself Integrate the PM under your business. Your business is lean and you run faster Don’t know how to start your own PM Ask me how. I’ll teach you I do it and it’s much easier than you think Hiring out a PM for your rentals will kill your business. Lawsuits here and there. Good luck

@realEstateTrent In my home town it's more like 6% plus throw another 3% for appreciation. That's 9%. If rates drop you can refinance out and get most of your money back and still cash flow. Not saying it will make your rich over night but it's not a bad place to invest your money.

Buying a home to rent out for income is a terrible investment. Pick any house in America. Take the monthly rent x 12. Subtract property taxes, insurance, and random things breaking. Now take that number (your income), and divide it by the purchase price. Ya like 3%, I know.

@HealthcareREguy Would you consider Texas? I Amy be able to find something that fits that criteria here

Huge All Cash Healthcare Buyer Need. Looking to deploy $150M. Can close in 20 days. Targeting healthcare or veterinary leased assets. Price: $2M - $25M Cap: ±7.00% Lease Term: 5+ Years Location: Arizona and surrounding states (not California) Let me know if you have anything. Off-market deals vigorously protected. Let's do a deal.

Merry Xmas everyone. Thank you to all that have trusted me with their investments or purchase of their homes! I will continue to provide the best service that I can always.

@elonmusk Bartender and bar owners are held accountable when someone get killed drunk driving after drinking at their bar

Judges must be held accountable