Will Goodale

@moseskagan Closed yesterday.. feeling lucky it happened before the shut down

When the federal government shut down in '13, my ex & I were in escrow to buy a fourplex w all buyer contingencies removed. Our lender could not get a tax return transcript out of the IRS, which meant we couldn't close, which led to the seller threatening to cancel & keep our deposit. One of the more stressful periods of my life. Careful out there.

@gabebodhi Nice. Just picked up a copy! Also was looking for something like this.

A little light reading for the weekend. Only a chapter in, but this is the exact book I have been looking for.

@realEstateTrent 🤯

People often want to hop on a quick call or meet for coffee in order to learn the strip mall business and go out and buy properties. The meeting would have to be quite long. Agenda? -Site valuation using price per foot instead of cap rate -Interest rate impact on real estate -Favorable vs unfavorable parking ratios -Impact of elbow spaces of value -Impact of Traffic counts -Running an acquisitions team -Leasing spaces in house vs via brokers -Choosing the right subcontractors -Characteristics of a successful signage program -Quarterly investor updates -Securities and Exchange Commission (SEC) regulations -Value-add via mark-to-market -Big box retail vs neighborhood strips -Verifying accredited investor status via third parties -Obtaining the right loan for each property -Buying all-cash and financing later -Using a line of credit secured by subscription agreements -CRM software use -Allowing brokers to double-end deals in order to win -Buying in abundance mindset markets -Obtaining estoppel certificates -Reviewing land surveys -Investor capital call timing and process -Understanding environmental reports -Impact of co-tenancy clauses -Negotiating with mom-and-pop tenants vs nationals -How to use TI allowance/free rent to maximize value -Exclusive-use clauses -Modeling with excel -Carried interest -Hurdle rates -Renewal options -CPI increases vs fixed increases - Reviewing title reports -Broker networking -Pro-rata share -CAM reconciliation -In house property management vs outsourced -Fund administration -Investor portals -Triple net leases -ADA laws -Personal guarantees and when to require them -Giving your architect direction -Grease trap installation and maintenance -AMP requirements -Frontage requirements -Working with municipalities -Operating agreements -Investor distributions -Tax implications -Waterfalls -Choosing a buyer who will actually close -Natural hazard disclosure reports -Asset management -Insurance requirements -Implications of property tax increase upon purchase- -Gathering rental data from local tenants -Reviewing tax returns from CPA -Bookkeeping -Cross-easements -CC&Rs -Title exceptions -Market brokerage commissions -Waiver of subrogation -Assignment and subletting clauses -Eviction process -Recapture clauses -Impact of each tenant on the rest of the property -Monument signage -HVAC maintenance -Deprecation -Down gradient vs up gradient -Private placement memorandum -Pitch deck -Proper use of costar, loopnet, crexi - Subscription documents - Audits -Investor quarterly account statements -PCE -Vapor extractions systems -REG D 506c -Blue sky filings -Accrued vs cash accounting -Legal disclosures -IRRs -MOIC -Investment period and extensions -Optimal loan to value -Putting together an investment thesis -Market fees -Institutional capital -Minimum commitments -Analyzing comps efficiently -Putting together effective leasing brochures -Reaching national tenant brokers -Value-add through lease-up -Value-add through mispricing -Redevelopment -1031 exchange -Identifying operational inefficiencies -Understanding when to sell -Ability to analyze a property via an aerial -Identifying the most critical cosmetic updates -Analyzing spread between in-place rents/market rent -Interpreting demographic data -Managing the appraisal process -Understanding every single word and clause in a lease -And that you have a ton of control over the value of your property We'd have to block off a few years, for sure.

@mu2myoc @TheMotelMan Just spit my coffee out 🤣

@TheMotelMan This is not a real thing that happened man

Had lunch with 5 billionaires yesterday, and they all said the exact same thing to me. "Your investment thesis on average hotels is the greatest wealth-building strategy we've ever heard of, and you have an absolutely massive unit. Congrats." #blessed

@SecretCFO Oh they are so bad.

Is it just me or are B2B cold sales emails getting worse? If you are in this game … be better.

World Champions 🏆🇦🇷 #FIFAWorldCup | #Qatar2022

@kylehagge @AmandaMGoetz @vimcal they support outlook now?! Game changer.😱

@AmandaMGoetz Big fan of @vimcal & having all email calendars sync into it. Color coded, personal invite links (like Calendly), iOS app & web view is great.

I have 3 gmail accounts and now an outlook account. Personal gmail House of Wise gmail Consulting / teaching gmail New role = Outlook email What is the best way to combine the calendars so they stay up to date in real time but gives me one source of truth?

@AmandaMGoetz I’ve looked all over for this..the only thing that’s worked for me is syncing them into apple calendar on my phone and Mac. It works really well for my personal viewpoint, but not shareable..:/ outlook and gmail don’t play well with all the fancy apps like cron.

@RegimeCPA @financeguy725 Ahhh I always wondered why goats were randomly on plots of land when I lived in Texas.

With some regularity, I end up with a chance to get land for almost nothing I really have no idea wtf to do with land Where would I begin figuring out what this shit could be worth and what the play is for a given parcel? Any land jockeys care to enlighten me?

@kylehagge 🥴

We have strayed so far from God

@kylehagge Idk but I’d vote for ‘em

@Will_Goodale1 Gas prices this, gas prices that…who is fighting for us ink purchasers?

God gives the toughest battles to his strongest soldiers 😤 (Finding a printer as a millennial)

@realEstateTrent Agreed. Very interesting to watch- Ive heard they have a lot of offices popping up for WFH forward hybrid work. Not sure if that’s in every time zone or not. Salesforce culture is incredible so thinking they will keep that up through the in person interactions.

Salesforce, a $150B company with 78,000 employees is now hiring employees by time zone, not location. No need to guess what will happen with remote work - just need to open our eyes to what is already happening.

@kyl16cox So glad mine never used a paci

@businessbarista IN

New 60-second startup! This startup is disrupting a $50 billion breast milk industry. Would you invest? Comment below IN or OUT 👇

@kylehagge @i_am_tweetNG @Stryx_Official Now I got to go get some

@i_am_tweetNG @Stryx_Official People are saying...

One benefit of the @LearningBrew alumni community: friends all over the country Beers & Brewdents in Denver 🏔

@kylehagge @LearningBrew Great time! Thankful for @LearningBrew and new friends

@Scottbeverett ❤️ MAA

@MorningBrew @Garendorf your kind is in trouble my man

Garys are endangered. Just 252 babies were named Gary in the US in 2021, despite it peaking as the 14th most popular name in the 1940s. Retweet if your name is Gary. Like if it's not.

Trying to be the hero, as a leader, is a bad idea. Heroes sweep in & save the day. Think you have to? Then you haven’t built a strong team, haven’t given them enough authority, or worse: you just enjoy being the fixer & may even be creating the problems to boost your ego.