Eric P. Oden
@OdenEric
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Army Vet. Small investor of retail & CRE multifamily in SE US. Ex-restaurant supplier. Betting on sticks & bricks🏠🏢, not candlesticks 📈📉.
Fairhope, AL
Joined January 2016
What we learned today:. 1. Previous owner was on a tight roofing budget. 2. Also, the original color of the front door was red.
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I always say, “Nothing changes until you get mad about it.” 🫡The refined take:. “Nothing ever happens, unless someone pursues a vision fanatically.”. -Todd Graves.
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🫡.
Didn’t expect to see an “apology” by Tim Kennedy this morning. Here’s the deal. For those that served, there is NO reason to embellish your service. The fact that you raised your right hand and swore an oath to serve your country is more than enough. You are such a small.
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Getting off the flipper/wholesaler hamster wheel. Take the $8k and buy 2 more on Wednesday. Sell 1 on Thursday. Repeat until you don’t need to sell.
J. Paul Getty was the richest man in the world. This was his main advice to younger entrepreneurs:
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I've gotten 2 off-market acquisition leads under contract in the last month from my network. The biggest takeaway I can share is never let buying real estate be your secret identity. Be on social and be socialable. I haven't got one on X yet, but the odds are that day will.
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“Invest in what you can understand” sounds a little like a backhanded compliment .
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It’s only a real estate moat if it comes from the Votre Compétitive Avantage region of France… Otherwise it’s just sparkling rent control.
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Is an umbrella policy the only asset protection for an ADU or in-law suite rented out at your home?.
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Both good signs, but that right one is just so easy on the eyes. 🤩. Happy for us, and excited for the new tenant’s growing small business. 🫡
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Vibes do sell.
A restaurant in the US announced that free coffee would be served to customers who entered dancing. This is what happened.
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Was about to buy pdf signature software just to approve leases, but my wife showed me how to do it for free with iPhone. Marry well, kings 👑.
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Tenant screening on C-class mom & pop retail boils down to just a glorified vibe check.
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The goal: Find good real estate, steward it, and protect the basis.
@ShlomoChopp I like my depreciation unrecaptured, sir.
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Sweating some tough vacancies and tempted with lowering standards.
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Grinding, marketing, canvassing, spending $$. and then the clouds 😶🌫️ part with 1 showing wanting to combine 3 spaces.
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After seeing the restroom, you still eating at this restaurant & bar?
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