Course Link Below RETwit's only realist. Real Estate is not an inflation hedge. Girl dad 2x, 20+ yr Broker/Advisor, 15+yr RE Prof NYU. DMs open. Link in bio.
@delia_cai
Sarah Jessica Parker’s sister was having a baby at Lenox Hill when my wife was having our first so me and SJP hung out in maternity waiting room for about a day.
She gave me a bagel from their spread and was the first person to congratulate me on the birth of our daughter.
Every successful RE investor I work with uses a mortgage broker to find the best loan.
Even if it's their 100th deal.
Even with the 1% fee, a good mortgage broker saves you money.
@mvonsteen
@annimaniac
@JerrySeinfeld
@nytimes
I "moved" to New York twice and had this experience twice. Like anything is possible.
I've lived in London, Rome and Chicago and none have the particular energy of NYC.
It's not for everyone but if you've felt it and it takes hold then this is home. You're a New Yorker.
1/37
Tweeting that we’ve entered a prolonged market top gets negative feedback on RETwit and accused of FUD yodeling.
Rather than respond to the comments, here/s 37 part thread why the inveterate bulls should, as Ice Cube said, check themselves before they wreck themselves.
What BTC maximalists don’t know, understand, or simply ignore is aggressive monetary policy has prevented two *Great Depression* level events in less than 15 yrs.
I’ll take Fed printing and the Discount Window over bread lines any day of the week.
I've been thinking a lot about how a 100 yr. black swan event turned aggressive 2019 RE bets into grand slams because of 18 mos. of unprecedented Fiscal and Monetary Policy and how so many folks are doubling down on it continuing.
How's your morning going?
I’ve decided to go long $BABA. I think it’s likely a double in 12 months just on value metrics.
Buddy of mine is up 330x on an NFT since Friday. Yeah. Friday.
JFC.
Working a deal where one of the parties has hired an attorney with a website that says - $750 for all real estate closings.
The other side's attorney charges $750 per hour.
This is going to be fun.
Unpopular Opinion:
Intermittent Fasting works because you consume fewer calories - esp. the processed corn based dogsh!t that passes for the modern breakfast.
On May 25, 2007 one of the most powerful tools in real estate history launched.
It was free to use and remains free to today.
The tool?
Google Streetview.
Just because you pay more for real estate does not mean you can charge more for rent.
Same goes for your expenses going up. Your tenant does not care. You can only charge more if the market rent is higher.
8 Life Lessons from 20 yrs in CRE & teaching
I've learned a few non-academic things that I share with my students on the last day of class.
So channeling my inner
@girdley
, here's what they got today (edited for Twitter):
Keeping it real Tweet.
12 yr client fired me from a listing.
We've done 15 deals and made millions together.
He just hired a competitor at a lower price than his "bottom line" while I marketed it.
Business is business.
Don't ever forget it.
I invested money in a restaurant once.
The operator got lots of press but the carefully curated designs/buzz masked a terrible business/management style.
I booked a 100% loss.
He's featured in the NYTimes.
Don't believe the PR. Always do your diligence. And trust your gut.
I just missed a scheduled call because of a school function with my daughter that ran over. I tried to reschedule for 6:30pm.
The caller just told me he has 6-9pm blocked off to be with his 6 month old.
Dads like that fucking rock. Every day is a gift.
Looking at a 12 unit rent stabilized building in Brooklyn right now.
In the last 3 years...
Rent Roll is up a total of 1.5%
RE Taxes are up 21%.
This is not sustainable.