Taylor bought his first deal in the Bootcamp about a year ago. He's into the deal for just over $800k and currently has it listed on the market for just over $1.3MM. Would be $500k profit in under 2 years. Now he's submitting offers on $5MM deals. Life comes at you fast. As I've

https://t.co/C0mfGcq4Gc

Not what that chart is showing at all It's actually showing that now (and the next few years) is a great time to buy real estate Video below

You really don't have to be that smart to make a lot of money - start/buy a business - chew through concrete for a bit - keep at it when things look bleak - iterate a few times - eventually you have a monster month/year/years More about time in the game than anything else

Acquisitions Bootcamp is an 8-week program where you work 1-on-1 with me to craft an investment strategy to fit your skillset, resources & goals - & then find you a deal to fit that strategy Limited spots available Apply below https://t.co/Ki4EG44lAf

Well first off, every new year of the lease should have an escalation. So the escalation shouldn’t only happen when the renewal options are exercised, they should happen every single year. And they should be at 2%-3% But that only solves part of the problem. What if market rents

// Current Value // $4.55/SF * 14,000 SF = $63,654 NOI. At an 8% cap rate, $796k value // Market Value // $10/SF * 14,000 SF = $140,000 NOI. At an 8% cap rate, $1.75MM value The seller destroyed ~$1MM in value in his own building because he didn’t know what he was doing So how

Even more comically, the contractual rent is $4.97/SF in 2034 but the market rent today is $10/SF. Basically in 10 years, the contractual rent will be less than half of what the market rent is *today*. At a time when inflation is 5%+/year. The market rent could easily double to

Everything’s fine with the property but the seller made 1 massive error in his lease that’ll cost him $1MM So what’s the error? When you sign a commercial lease, you often include lease renewal options There’s nothing wrong with that, but you need to make sure your upside

This owner destroyed $1MM in value at his own building by not including a single clause in his lease Below are the lease terms for an industrial deal I’m looking at buying:

In anything business-related, you want to choose the hard way upfront Obviously this is inefficient short term, but it ensures that you'll have a scarce skillset in the longterm The easy way is a bad choice - if it's easy for you, it's easy for everyone else & will get arb'd

https://t.co/y8zmMTvy7H

How I scaled management as I went from 3 unit deals to 200 unit deals (full video linked below)

Competition is a myth If you spend 5 years doing deep work developing a skill, maybe 5% of the people who started with you will be left If you spend 10+ years, you'll pretty much be able to count every real competitor on two hands Total myth, no one's willing to do the work

Acquisitions Bootcamp is an 8-week program where you work 1-on-1 with me to craft an investment strategy to fit your skillset, resources & goals - & then find you a deal to fit that strategy Limited spots available Apply below https://t.co/Ki4EG44lAf

I don’t reveal to the owner what I’d be building So, in order to value the property correctly, a broker needs to understand storage is the highest and best use, know exactly how much SF can be built, know how much it’ll cost to build and know what market rate and new NOI will be

The valuation methods used above no longer work 1. The owner can’t base the new value off the in-place cashflow because the cashflow obviously changes when you change uses 2. There are barely any comps for switching uses and the ones that exist are almost impossible to look up

This takes the “off-market property” strategy one step further The issue with most off-market strategies is that the owner actually has some idea of the value of the property For example, most owners know approximately what a multifamily property should be worth in the area

1. Go to tertiary market 2. Find a product type that’s profitable to build 3. Check zoning code and figure out the zoning that allows for that product type 4. Reach out to every property zoned for that use but currently operating as a *different* use 5. Buy, profit // THREAD //

Acquisitions Bootcamp is an 8-week program where you work 1-on-1 with me to craft an investment strategy to fit your skillset, resources & goals - & then find you a deal to fit that strategy Limited spots available Apply below https://t.co/Ki4EG44lAf

6. If the management is competent (it's impossible to learn from idiots and idiots also typically run firms into the ground): - What's your favorite deal been so far? - What direction do you see the (insert asset class) taking in the next few years? - How do you use leverage