Jason Richards

I started investing in real estate at a young age and thought I knew it all. I was wrong, and I've learned over two decades that an established network of expert providers is essential to make it in this business. A thread of the contacts every property investor should have: 👇

@resetbasis I love stuff like that. More surprising to me is that Kingsport, TN is closer to Canada than it is to Memphis. People don't realize how big Tennessee is!

Fun Texas fact. El Paso, TX is closer to Los Angeles than Texarkana, TX (the other side of the state).

If you feel behind relative to how others appear on here, remember this: • "Revenue" is not profit • "AUM" is not what that person actually owns • "Invested in" or "owner of" may mean a small interest You're probably doing better than you think...

@shawngorham Local guy sold his pest control company recently. Now drives a bentley convertible and built a huge home in the most expensive part of town. Also probably the best dressed guy in town - his sports coat collection is to be envied. I guess there's good money in quarterly service.

The most chill business owners I have worked with are Pest Control owners. Met a 6 branch local player yesterday... dude was chill while writing 7 figure checks

@JulieChangRE @jasonc_nc Often after taking out seven figures in asset management fees for years too. Crazy how people do that.

@jasonc_nc @SimpleCRE Do you have $100M AUM but in distress and will be returning $0 to investors 😂

@jasonc_nc Absolutely. AUM can be meaningful, but at its core, it means you have a job.

@SimpleCRE Lots of people on here own $10m in real estate and have much more actual wealth (and a much easier lifestyle) than people talking about $100m AUM

@searchbound Grand Bohemian on the Falls!

[never seen one of these]... check out this hotel that offers rooms with private fitness suites attached 📍Greenville SC

@twbuilds @DvsEverybody313 I see the appeal. If you're 60 with 2-3 kids and a few young grandkids, you might want more space. And the elevator covers the third floor issue. It's not for everyone, but they did sell quickly the first time around. I think the two for sale now might be a bit overpriced.

@SimpleCRE @DvsEverybody313 I generally think that’s right, but am confused by 3000+ sqft and 4BD with a third floor primary bedroom None of those seem to fit the empty nester demographic

When I was young, I would have said that living in a huge home with a colossal yard (i.e. an estate) would be ideal. Now I see something like this and think it looks pretty perfect. Attached 4BR townhomes that front a park (with included exterior maintenance).

@twbuilds @DvsEverybody313 I think a lot of empty nesters who want lock and leave that also has space and a small yard.

@SimpleCRE @DvsEverybody313 Who do you think is buying these? Families?

@DvsEverybody313 They were around a million when they were new construction maybe 6-7 years ago. Two on market now for $2+ million. zillow.com/homedetails/39…

@SimpleCRE Any idea how much these go for / cost to build?

@Cobylefko There's nothing else remotely comparable. If you think it's great in the summer, visit more in the winter months. It's even better then.

Venice has to be the most beautiful city in the world, right? It’s somehow surpassed my lofty expectations of it. Yes, there are tourists. But it’s not really an issue outside of St. Mark’s. And it’s beauty more than makes up for whatever momentary crowding there is!

@dsidgrant The pool really rounded out the neighborhood as a whole. It would be great if there was one more kind of neighborhood gathering spot that was more bar focused like the 05 on Augusta.

@SimpleCRE There is a connector to the Swamp Rabbit trail and a members pool. Chestnut Coffee, Takosushi, UPS store, and a YMCA. It’s in a great location close to downtown and Woodruff Rd shopping, plus easy access to I-85!

@dsidgrant I really like the way that neighborhood has built out. Big fan of Stella's!

@SimpleCRE This one is for sale. My house is in the pic on the other side of the park. Bonus, you can walk to Stella’s!

Eating solo at the bar of a nice restaurant is a very underrated experience.

@kenashley I haven’t seen a working one in the US outside of an airport in years.

I used to constantly be searching for this.

@DIVIDIND Asheville has some amazing coffee spots!

@SimpleCRE Coffee bus looks awesome

I scheduled some meetings up in Asheville and made a day of it. The reputation of their downtown as a bad place is puzzling to me. I guess if you dislike charming architecture, walkability, amazing food and beer, trees and a pleasant temperature, it may not be your thing.

@BarryRoland19 "Oh? Cap rates compressed? That's great. So happy for your secondary market class B retail portfolio. But we only have $700 in our checking account and our name is on the delinquent dues posting at the club."

“Oh my God sweetie, I’m so proud of all your unrealized gains — well done,” said no wife ever.

@av_dcre I just went up for the day this time. Will have two overnights there in the next few months though staying at either the Kimpton or the Restoration. I prefer downtown, but in all honesty, the hotels on the Biltmore estate (while touristy) are kinda fun for a quick rest.

@Toboldlygo555 And a great music scene!

@SimpleCRE Also, do people dislike art?