Real Estate Funding

@molzer Playing at elevation reduces it by like 10-15%. Still a long course but it’s a little deceptive. What’s the course?

Course down in CO a buddy sent me. 8463 yards from the tips ⛳️ What would you shoot here?

@Karl_Luminus Just get service with ATT and you won’t have service anywhere

I need to drive somewhere I've never been to before...no cell service What do I do?

@jefffeldman I was wondering what was going on. Haven't had service for a while.

AT&T down nationwide. No cell service. Search “iPhone” and “SOS”.

First time seeing one in the wild I’m both incredibly shocked and also not shocked at all that he puts his name on the buildings

@fortworthchris Pretty similar here. Feel like I’m probably in the 90% range though.

@rledbetterCPA Glad I’m not the only one

Keeping a bio/resume on your previous real estate experience is really important as you move through your RE career Keeping an up to date spreadsheet of your past projects shows a lender that you are prepared to handle more

This is the hard part

Went to a newbie real estate meetup for first time in years. Flipping houses was extremely popular again. People still don’t like my message of getting a base hit with their first deal. They want to take on the most risk with the most upside.

@davegordon14 @DallasAptGP @bhallcpa Looks like a really fun project!

@DallasAptGP Thanks Barrett! We’ve been so fortunate to partner with impact-oriented investors whose long-term goals completely align with our vision. Had the opportunity to discuss the Blackwood Groves project and broader OZ impact with @bhallcpa (my 1st podcast!). podcasts.apple.com/us/podcast/009…

Every time Dave posts about this Opportunity Zone project in Bozeman, Montana I find something new to like It is a really cool project and exactly the type of development the legislation meant to incentivize

@PrivatEquityGuy Become a private lender

My friend has a net worth of $3-4m, cash (has played online poker for 15 years; never worked). Lives in a country were this is more than enough... Forever! He’s 30 years old, wants to quit poker and move on — what would you do?

@AaronAmeen (respectfully 👍🏻)

If investing a few hundred dollars per month in your 20s will make you a millionaire by the age of 60… …Why are most people not doing it?

Are there any private lenders on here that have loans on their books that they would like to offload? Send me a DM. I’d be happy to chat to discuss details.

@stangeorge 😂😂

How do I describe my experience developing, and self GC’ing, sub $350K homes on infill lots in Houston? Imagine the discomfort of doing a day-long cold plunge, without any of the health benefits.

@molzer A good debt broker will save you a lot of brain damage We go damage our brains working with a lot of crappy lenders to bring you the very best ones 😂

I don’t understand why there are so many debt brokers. If you are an individual getting a loan, why would you not go back to “your guy/gal” every time?

@LongTermOwner @molzer Yep

@molzer Same reason people use sales brokers. They make a market and create a competitive field. I know many groups (esp developers) who go to the same bucket, but we always shop around for the best deal. Our brokers job is to know where the hot money is.

@residentialOG linkedin.com/in/codiefisher…

Are any of my X friends on Linkedin? My mom recently convinced me that it would be a good to post on there as well. DM your profile and I will connect with you, trying to beef up my account.

@Jakeladeveloper Sheesh, sorry to hear!

The aftermath of the Socal storm at one of our sites:

@torysheffer Congrats Tory 👍

2023 was a big "build the track record " year for me. We sold 3 syndicated deals, taking our full cycle track record to 5 deals. Average returns on 2023 exits - LP Net IRR 23% - 1.45 MOIC - Hold period 23 months I wanted to show that we could take deals full cycle despite market conditions. We're still in the early stages, now a shocking 5 years into this, but I'm excited to see what we can do in the next 5 years and then 50 years beyond that. I turn 30 in April, so should have many good years ahead.