Tanner Webster

Hit 5,000 followers a few weeks ago, so reintroduction for the new people. Developer/Sponsor in Salt Lake City, started off flipping houses and brokering cre Currently building/buying a variety of asset classes within a drive from my house Current portfolio & pipeline is about $30M +/- • 7.75 acre retail development -build to suit gas station -multi tenant retail - flex industrial in the back • 19,200 SF spec industrial building, small bays, 980-1680 SF - 4,096 SF existing office building • 42,000 SF of self storage and industrial • 12 townhomes built ground up • 16 units of value add apartments • 7 townhomes in planning Plans for ‘25 are much of the same: industrial, retail, storage, and residential. Maybe bringing construction and property management in house, but the last two are probably a ‘26 item I have a podcast where I share what I’ve learned from people much smarter than me, and a mailing list for more details on what’s going on in the market. Both 🔗 are in the bio.

@PolesMiami I haven’t seen the investment management portion of it.

@twallyweb I’ve never tried one, but there are people who clam to offer this service.

An interesting service business would be a fractional CFO specifically for small real estate private equity companies. • quarterly reporting • K-1 administration • waterfall calculations • budgeting and underwriting • probably other stuff too Could get a couple of clients paying $5-$10k per month.

@twallyweb **waterfall calculations may not be necessary 😭🤣

@S___Elliott lol yeah you’re right it’s like $3-5k

@twallyweb I was in until you said clients would pay 5 - 10 a month.

@PerrySolem @CoyDavidsonCRE @jayparsons @Anniesaysitsok Lmao

@CoyDavidsonCRE 1. @jayparsons 2. @twallyweb 3. @Anniesaysitsok

Now do the CRE Version? _________ | _________ | _________

@TaylorWAnderson Great just make sure they’re all condos, at a price point where you lose $100k a door, add $10,000,000 of art and implement vertical farming and they’re all yours.

I would like to submit my proposal for the Fleet Block, please. And the Ballpark parking lot. And the area west of Glendale Park. And the Rose Park golf course.

@TXpaintbrush Also so hard with FHA presales on the backside. It’s an incredibly difficult feat.

I’ve ran the math on this same idea in TX primary metros. The math, at least in the areas we’ve looked at it, is for the avg per unit purchase price means you’re largely in some Class C areas in TX So these folks currently living in these units are already income constrained with credit issues, delinquencies and eviction histories that may make it tough to qualify for mortgages So the plan is to non-renew all the leases as they expire, and then fix up what you can to market to new condo-buyers, all in class C locations typically surrounded by other class C communities? I’m sure there’s pockets where it can work, and I suspect it may work better in secondary metros than primary metros on newer vintage stuff. I suspect this trade will be easier to execute on 10-50 unit multifamily buildings than 100-300 units But you can get very wrong footed in a hurry when it comes to how long it takes to get everyone non-renewed and out, wrap up the HOA/COA docs, and then sell it all on the MLS. Obviously you want to run all broker/agent processes in-house or get a heavily discounted agreement to get around the 6% commission friction on residential sales

This is going to end up exactly how you imagine

@ryanstellar Probably a fine business plan if executed properly, but you should search his name and read some articles

@twallyweb I’m out of the looop, what is the mistake in his plan?

@EllliotttB He’s mocking me. Private Jets, condo conversions, mineral rights. All of my favorite things.

@twallyweb Every post I get more convinced it’s not really him, it’s just a performance art account

@mountainwesttax I would rock

@twallyweb I need a MWT branded one

the American Great Leap Forward

@mountainwesttax Kind of tuff?

@jdub_re Retail

@twallyweb Are these townhomes?

Impeccable views of the partial slab over here. Framing starts next week.

@moseskagan @lkran20 That’s a winner

Spent the day yesterday touring investors and potential investors through one of ReSeed's San Francisco deals. Take-aways: 1. I need to get someone else to take pictures 2. We think the deal will stabilize at around an 8.5% unlevered yield on cost (was a pro forma ~6.6% going in; uplift from there a combination of good execution and luck) To learn more about ReSeed, which acquires assets selected, structured, capitalized and operated to generate long-term, tax-advantaged yield, go here: reseedpartners.com

@dancingbearfeat @midlandlandman We’re moving the canal.

@midlandlandman @twallyweb @CronkTheLandGuy @taylor_mooore The creek runs right through multiple lots. Very curious how this was addressed.

But we did get this approved

@davegordon14 @CronkTheLandGuy @taylor_mooore I am trying to get to your level- seriously

@twallyweb @CronkTheLandGuy @taylor_mooore Looks great 🤙

@David1276615190 @natetmcbride Gallons*

A data center right here would be perfect