Chris Sacks

@clint_turner Have never created one start to finish, but lot developers have told me the soft costs to set up are insane - approx one million $ in fees.

Anyone an expert in creating small MUDs or shared water infrastructure in Texas? Have a unique deal where doing this could really amplify returns.

@DFWJoeAskew @Dirtdog Those single family lots still available? 👀

DFW MSA New grocery anchored center Hard corner 1.1 acre pad still available 🪏 ready First pad tenant opening on Monday morning at 5:00 am! @Dirtdog one guess who was able to ship in their building and open first!

@Snowball_Dev Did you need the green light to be opinionated???

A few great quotes: “Entrepreneurship means you are permitted to be opinionated” “Being single and in charge of leasing Rock Center was awesome for a 27 year old guy”

Great time last night at the @UrbanLandInst NYC mentor-mentee networking event where I was happy to sit on illustrious panel with Rashid Walker, Bryan Ray & Gary Romaniello to discuss entrepreneurship! Also an incredible tour of 125 West 57th which is taking rents up to $220psf

@PerrySolem Amazing

county told a hawaiian land developer i know to update his archeaological study developer: "Yes it's from 20 years ago. But I'm pretty sure no ancient hawaiians have moved in since then"

@AZLandInvestor Super interesting data. Can’t believe the delta between economic uncertainty and everything else. Another interesting perspective - economic uncertainty is all time high if you exclude covid

@SacksRealEstate x.com/housing_alex/s…

A top-2 U.S. homebuilder is now quietly buying individual lots in metro Phoenix. This is rare—nationals typically grab 50–500+ lots at once, especially one closing 2,000+ homes/year here. Why buy individual lots? Move-up segment is crushing entry-level right now. Scarce land in desirable move-up areas + big entry-level tracts need heavy infra. Builders staying ultra-disciplined on mega deals, and there are few small entry-level deals left. Single lots are still a very small part of their business. IMO, it will remain a small part because it’s not sustainable long-term: no scale buying/ building one-off, limited single lots available. Fascinating moment though—expect a shift back to entry-level focus + larger positions (via land bankers) once affordability pressures ease more.

@HowardRoark90 So they are simply using your license to process a deal? I’ve done this before. 1-2% of the commission if it’s a big deal. Flat fee of $500-$1000 for a small deal.

Quick question for those in CRE brokerage: Out-of-state salesperson has a referral. Not for the client - no existing relationship But for their own firm, who needs an in-state broker for a deal They’ll have zero involvement in the transaction What’s a fair referral split?

Office building came on the market here for $110 psf. Sent it to an investor I know who owns two adjacent parcels and several properties in the submarket. He responded back that they used to own the asset and sold it in 1998 for… 🥁 🥁 🥁 $110 PSF 🤯

@Dirtdog Lowkey the best conference call software is Amazon Chime but I don’t think anyone uses it except for Amazon and their vendors

@SacksRealEstate Let me guess you use Teams? Telegram is in reality what Microsoft used as the pitch for teams, then loaded everyone up with a garbage product.

Dirt Dogging requires 100% of my attention I am on my phone constantly - texts - telegram - X - emails - conference calls Morpheus (FSD) drives me around in my tank. I have already avoided dozens of accidents thanks to his efforts. The best vehicle I have ever purchased

@PerrySolem @NathanDWebb Zero chance he knows reverse polish notation

@NathanDWebb Even financial calculator may be a stretch for some of these people

i remember being an excel monkey with $5,000 to my name occasionally talking to a guy like this who owns a bunch of real estate who's like "Hey now, you're in a better spot than I ever was! You're getting all that sophisticated experience! I've always lacked that skillset!"

@mrfboyer @resetbasis @rohindhar How so? I was thinking the opposite

@resetbasis @rohindhar Portland was a better bet than Austin or Denver when this was conceived.

Ritz Carlton residences in Portland slashing prices over 50% after only selling 11 units out of 132 and going into foreclosure: “One-bedroom units that were previously listed between $1.2 million and $1.7 million will start at $600,000. Two-bedroom units that were previously listed between $2.1 million and $2.6 million will start at $1 million. The three-bedroom units will start at $1.6 million after previously selling for $3.3 million.”

@acquisizioni As a broker, this is basically my full time job

Do you think a line would form?

@OrganicOgre @BlindOnUni @PerrySolem @YIMBYLAND It’s actually extremely diverse…

@BlindOnUni @PerrySolem @YIMBYLAND Primarily white 👍👍

I can find something good about *almost* any city… Arlington, TX

@emptytesticles @VladTheInflator Pretty tough to lower your tax burden as w2

@VladTheInflator do these people not know how to lower their tax burden? or are these rage bait posts

Imagine making $433k in Tyler Texas

@landlawyerbrian Cute LLC names are hilarious until there is a lawsuit 😂

This will look great on a signature line

@acquisizioni @PerrySolem Doesn’t the company have a jet?

@PerrySolem I know. Need to achieve my goal asap so I can afford a jet

Why are there no direct flights from Westchester to Boston? How tf am I going to become the most active multi developer in the northeast if I can’t get to Boston easily ?!!

@Bethazor1 I’ve used your strategy with local tenants asking for rent reduction and responding with requesting tenants submit a formal request using the form and providing a ton of documentation.

When the broker from way out of town calls and says the national tenant will sign a longer lease renewal (4 years early) IF you drop their rent! Please don't fall for this! You don't need a longer term unless you are in the middle of a refi....but dropping their rent drops the value - I doubt it's a win in exchange. Just say No. Or do what I did and tell them their rent is below market and I'd be happy to take their space back- when can they move out? Crickets ....

@bobbyfijan In Dallas?!?!?

The 16-18' wide rowhouse is the perfect "starter home” My company is building this 3-story rowhouse typology is bc it’s beautiful and functional as both detached AND attached … so it works in both urban & suburban neighrbhoods 1200-1600sf, 3-4BR units

@acquisizioni @DealNav I wanna use dealnav so bad. Let me know when you’re ready for my feature suggestions for broker application 😁

Nothing motivates me to push @DealNav harder than seeing the prehistoric ways people still track deals. Avalon analyst? … Excel Cushman veteran? … Notepad Brookfield land team? …Google Maps My goal continues to be: get as many CRE folk out of the Stone Age and into a proper deal tracking software to do more deals!