Bryan J 361

@chasedownleads 😂

Day 2 of letting my vending machine text me with OpenClaw

@DallasAptGP 😂

Retail follows rooftops

Property Tax Protest Time is here

@chasedownleads @robbiehendricks Hilarious satire Chase, good stuff

@robbiehendricks And then you went out of business for prioritizing low ROI activities

Was in the office with my business partner a moment ago. We were talking shop, couple interesting deals have popped up the past week. His son called. Matt put it on speaker, and his son said “Daddy, can you come home and play football with me?” We looked at each other and nodded. “I’m on my way, son” It’s these little moments that make me grateful for the core value fit I have with my partners. Truly, it’s the only way a partnership can stand the test of time.

@robbiehendricks Family first

Ever seen a tortoise hump some blocks while piglets eat in the backyard? This one was rehomed to us as a female; but no

A random YouTuber casually questioned SpaceX's design logic, and Elon Musk rewrote it on the spot:

Seems logical to me

@ThinkAppraiser does this do well in your market?

$100 per hour appraisal training coming to your market soon.

Elon Musk is asked, "Why should I invest in Tesla rather than Mercedes-Benz?"

My email inbox has two emails currently. How many does yours have?

@TonyKim_CRE Hilarious and true 🤣

Why real estate appraisal? For yrs as a broker, the inspector, appraiser or loan officer killed the deal before it got thru the finish line & closed. I lost a few deals. I get paid every time I work now & don't crawl around on roofs or waste my time with buyers that are liars.

@ThinkAppraiser I found out yesterday that I did a job for a grand and the AMC was paid $1500. If I wasn't training others I would not work for AMCs

@BryanJ361 Agreed, they cancelled it after I asked for more

As is AND As Repaired values Sfr with ADU 48 hour turn time Will you do this for $400?

@HunkyDoryTX I am a general certified, CRE appraiser and I agree with you.

just dropped by to say that CRE appraisals are not worth the paper they are written on

@resetbasis @MrImranPk My goat eats rent checks and poops on appraisal reports.

@MrImranPk You’re just jealous that our goats are more attractive than your goats

Dear Americans, Your president is a madman.

Working hard, or hardly working?

@robbiehendricks Good one

I remember chatting w/an investor last year. They were comparing our deal to Blue Owl and Golub, who at the time were paying about 9% annualized dividends. Convo went like: LP: these firms are basically paying 9% risk free…why would I settle for an illiquid 8% cash on cash with your firm? me: well…first…there is no such thing as 9% risk free. second, you’re making a more specific bet on us as operators and our mastery of our submarket rather than a blanket bet on a private credit firm and their underlying loans. LP: hmm. but Blue Owl is first position debt - my advisor says there is essentially no risk - and I can get my money out quarterly whenever I want me: respectfully, there is no such thing as an evergreen liquid, risk-free, 9% return in this world…maybe for a time, but the music CAN come to a stop…returns can go down, liquidity can dry up, and risk can turn way up LP ended up going with private credit. Can’t blame them…was an easy pitch at the time. Fast forward 24 months: Our deal is cash-flowing 12% and we had a 43% return of capital refi And Blue Owl has suspended redemptions. Liquidity goes poof…who knows how long that capital will be tied up. Don’t get me wrong - private placement real estate investments like ours have risk. They blow up too, so not suggesting every private RE deal will outperform anything. However, the moral of this story: Anyone promising you 9% risk free with evergreen liquidity is selling you a fairytale.