
Nahom
638 posts

Nahom
@nahomtesfa
SMB | Investor | Land Use Attorney & Cool stuff that interest me..…
Texas Katılım Ağustos 2009
685 Takip Edilen1.5K Takipçiler

@DonovanBuilds @resetbasis Ya taxes are actually also set up against operators lol. Gov for ya.
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@nahomtesfa @resetbasis 100% and merchant building with 50% tax (if all goes well) is tough as well
Either need to do bigger deals or adjust the strategy
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A few months ago I pitched a potential LP who’s made an eye-watering amount of money in oil & gas.
He said, “the problem with real estate is it takes too damn long to get really rich.” And that was basically the end of the meeting.
I left and ate a cheap sandwich for lunch, huddled over a trash can in the airport.
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@DonovanBuilds @resetbasis Those of us who been in the space for a while normalize it, but it’s not normal to many. Extremely hard way to make $ with other options present. Especially with Tbills at 4% no risk.
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@resetbasis He’s not wrong
I apparently made a wrong turn somewhere
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@DonovanBuilds @resetbasis I’m selling some SF homes rn in my portfolio. Have not sold in 4 yrs. Can’t believe how much work I had to do to get a clear title. I think the main issue for wealthy folks who made money outside of RE is they see all the friction. So many Ave’s where things can go wrong.
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Nahom retweetledi

@JZDeveloper @StrongTownsHTX @DonovanBuilds @stangeorge Takes time. I believe it is going through legal now then policy follows.
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Anyone know if Houston is complying with SB840 which went into effect 9/1, especially regarding the parking mandates? I haven’t seen any announcements from the city yet. @StrongTownsHTX @nahomtesfa @DonovanBuilds @stangeorge
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@DonovanBuilds the question always is do you even have the right documents to review? Title companies have gotten so bad at this. As you know lol. Have to pay for your own title work now to verify.
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Gladly, any zoning law push will be dead on arrival. Regardless of how many @HoustonChron ads/stories are purchased.
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Zoning will only hurt minority groups and lower-income neighborhoods. It will increase property values in the most desired zip codes of Houston even more. Currently, the only way to do this is through deed restrictions.
Who do you think would decide how the zoning rules go into effect?
Zoning would be a complete disaster.
Evan@evan7257
I'm an urban planning expert from Houston. It's time we talk about zoning again. | Opinion houstonchronicle.com/opinion/outloo… via @houstonchron
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@DonovanBuilds lol very diplomatic. California is controlled by unions and activist groups. Mayor does what she is told.
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The thing I learned about California is that they love to move quickly on policies that are a detriment to them and incredibly slowly on ones that would be positive
Mayor Karen Bass@MayorOfLA
Just signed an Emergency Executive Order to prohibit SB 9 applications within the Palisades Fire area. SB 9 wasn't intended to be used in the wake of the worst natural disaster L.A. has ever seen. I thank @CAgovernor for working with me to get this done. mayor.lacity.gov/news/mayor-bas…
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JPM said I want in on the fun.
Watcher.Guru@WatcherGuru
JUST IN: $4 trillion JPMorgan partners with Coinbase "to make buying crypto easier than ever."
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For anyone who says
“I don’t understand” Bitcoin.
Charlie Bilello@charliebilello
Bitcoin returns since 2010... $BTC
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We had our insurance company send a mailer saying they dropped our policy on a commercial property—for no reason. We reached out. They asked for more pictures (after already inspecting the building before binding the policy). We sent pictures. Then they asked for our permitting information. We sent it. No response. The ACH policy payment was still charged for the month. Two weeks later, they reinstated our policy. Insurance has become a criminal enterprise.
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