Chase Banta @ChaseBanta Twitter profile

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Chase Banta

@ChaseBanta

1 year

@s4m4rn0ld How about their father, grandfather, best friend's father? The idea that boys need some sort of masculine media role model who, by the way, doesn't give a shit about them and will never invest in their life, is goofy.

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Chase Banta

@ChaseBanta

1 year

@moseskagan Amazon: Berkshire Hathaway:

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Chase Banta

@ChaseBanta

8 months

@hugehammerhaver What about one with ugly shoes?

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Chase Banta

@ChaseBanta

7 months

@moseskagan Definitely not what you're asking for, but I would recommend The Rebel Allocator to anyone for whom the book/course you're seeking makes sense.

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Chase Banta

@ChaseBanta

1 year

We purchased a 44 unit project in Dec '21 with $26k rent roll. Last night at 7:30PM was fully occupied for the first time, with a $78k rent roll. I never know what part of our efforts I'm going to feel excited about, but I woke this AM genuinely glowing about that milestone.

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Chase Banta

@ChaseBanta

1 year

@buccocapital Sure, but if you want to have perpetual buying power of TODAY'S $100,000 in 30 years, you'll need to invest $797k 30 years before you retire.

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Chase Banta

@ChaseBanta

6 months

@RobertMSterling Love you, Robert, but I have a 5 year old son who has never done BJJ or lifted a weight in his life, and he has no problem apologizing when he understands he's wrong. I don't think very much of the emotional maturity in the world can be explained as a result of exercise.

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Chase Banta

@ChaseBanta

1 year

@micsolana Agree with your sentiment. But feels like it's disingenuous not to acknowledge that a community which can't afford Whole Foods remains equally as underserved whether or not Whole Foods is in the neighborhood.

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Chase Banta

@ChaseBanta

9 months

@MultifamilyMad If my existing relationship with this person is all the due diligence I need, yes. Otherwise this is too small a # to justify due diligence, so I pass.

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Chase Banta

@ChaseBanta

9 months

@heIpfullandlord Can barely pull an all dayer anymore

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Chase Banta

@ChaseBanta

8 months

@redteamwrangler You aren't kidding!

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Chase Banta

@ChaseBanta

1 year

Our 4 year old just agreed he'd live near us always. Does anyone know how to make this a legally binding agreement with teeth?

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Chase Banta

@ChaseBanta

2 years

@financeguy725 Guy I know made $750.05 last night. I asked him who the heck paid him a nickel and he said "every last one of them." (RIP Norm McDonald).

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Chase Banta

@ChaseBanta

10 months

@bazsox If that's the ceiling, no shot. If that's the floor, probably.

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Chase Banta

@ChaseBanta

1 year

@dvassallo Wars aren't the only thing great for collective innovation. YC is an example of a thing that is not like war in any way shape or form, that may be good for collective innovation. The important thing is it's nothing like war.

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Chase Banta

@ChaseBanta

1 year

@sweatystartup Lovingly, from someone who likes what you do on Twitter: I think about you for about 2 seconds a day, on average. You could do whatever you want, good or bad, with this account and, in reality, I wouldn't notice.

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Chase Banta

@ChaseBanta

1 year

@dorianmuthig @RiverTamYDN Who cares? The obvious lesson worth learning is if you're not in the position to pay for your own trip, then you're in a give take relationship with the person who is, and when they ask for a trivial thing, you should consider giving.

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Chase Banta

@ChaseBanta

1 year

@MarketReferee 11 is like 2x elite level. It's almost impressive. And for each eviction, there has to be at least one more where they deserved to be evicted but just sort of moved on down the road.

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Chase Banta

@ChaseBanta

1 year

@LacyLarrabee @micsolana They got the answer right, that's what is mind blowing.

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Chase Banta

@ChaseBanta

1 year

I knew way back in 1998 that Amazon was going to be huge, I say to myself as I read through the Bezos shareholder letters for the first time in 2023.

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Chase Banta

@ChaseBanta

8 months

@moseskagan @excel_ranger Used to work in granite and have turned the same situation into end tables, bathroom vanities, etc.

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Chase Banta

@ChaseBanta

1 year

@heIpfullandlord We self manage 50 units. We are in a tertiary market and couldn't tolerate the job our PM was doing, but couldn't find a replacement we thought would be better, so we took the building back. We use Buildium and everyone pays online, so we are fine, but very low leverage work.

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Chase Banta

@ChaseBanta

1 year

@financeguy725 Only D&B number I'm showing off is the number of points on my Dave and Busters power card.

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Chase Banta

@ChaseBanta

1 year

@TripleNetInvest My partner and I met in a casino 20 years ago. I just looked at our most recent deal and $2.6M of $3.6M of the capital raised is from relationships that started there as well.

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Chase Banta

@ChaseBanta

1 year

@sweatystartup There is a bit of survivorship in that observation, bc a lot of failures couldn't figure it out as they went along. The key thing is to have the capacity to figure things out, and the ability to handicap the risks. Being a good handicapper is extremely important.

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Chase Banta

@ChaseBanta

1 year

@mhprvpmvp I've been half following for a long time and I still have no idea if your marriage is in shambles or if this is all for funsies.

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Chase Banta

@ChaseBanta

1 year

@moseskagan Interested to know what sort of efficiencies you've built into the physical format of your leases to make this work at your scale. For example, do all variable inputs (rent, start date, etc) occur on a single page that's easy for you to validate?

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Chase Banta

@ChaseBanta

7 months

I see a lot of the big accounts like @shawngorham @gas_biz and are going to be taking the rest of the year off. I'll be filling in in their absence, just let me know what you need.

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Chase Banta

@ChaseBanta

6 months

@STLChrisH So, tech takes that whole "wall" to site?

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Chase Banta

@ChaseBanta

8 months

Update: sent out a total of 1,633 letters. Have 4 def sellers, 5 prob sellers in 2-3mos, 5 not sellers with leads on neighbors who will be selling. Toured our first house yesterday and will tour the other 3 after X-mas. All-in spent $2k btwn postage/supplies and ~40hrs time.

Chase Banta

@ChaseBanta

8 months

Home Hunt Mailer Update: 1k letters sent from 11/30-12/4. Guessing most landed by now. 3 people interested in selling to us, another 5 tips about neighbors known to be selling in the next few mths. Of the 3, we're really excited about 1. Will stuff 750 more letters this wknd.

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Chase Banta

@ChaseBanta

8 months

@mhp_guy This out in Sandy? If so, that's the place my kid caught his first!

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Chase Banta

@ChaseBanta

6 months

I'm just one tiny investor paying attention to what known syndicators are doing in a tiny corner of America. Here is one syndicator's holdings that I'm watching. This probably represents 0.00001% of the distress that 's out there.

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Chase Banta

@ChaseBanta

1 year

@JCacciapaglia Built my own. It's okay to grab someone else's model off the shelf and use it, but you need to dissect it and should understand what every input and calculation is doing.

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Chase Banta

@ChaseBanta

1 year

@Cashflowaddictt @financeguy725 I requested the property financials. Based on their expenses and vacancy assumptions, it turns out they don't think it's an 8 Cap either, unless they don't know what a Cap rate is.

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Chase Banta

@ChaseBanta

8 months

@GlennYaney This is a bit like asking why you'd put a turkey in the oven at 4AM if you've got to eat breakfast and lunch before the turkey is done. Can you not imagine spending different money until you tap into your 401k at 59.5?

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Chase Banta

@ChaseBanta

1 year

@TheWolfofREI Same behavior goes on in the office. Your boss is in an office 30 yards away and you're in a cubicle. It is extremely easy to look busy when they walk to the bathroom.

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Chase Banta

@ChaseBanta

1 year

@Co11egeLandlord I'll charge her $480 and let her pay the deposit in 3 installments.

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Chase Banta

@ChaseBanta

7 months

I hear how the value on this app are all the anon wealthy followers. Can you tell me if these anon followers are typically attractive young women, with no posts, and accounts less than 30 days old? I'm picking up a lot of traction with that crowd, so my fingers are crossed.

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Chase Banta

@ChaseBanta

7 months

Can't believe they give away this information for free

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Chase Banta

@ChaseBanta

1 year

@drippedIRR You had me at "okay shoot me"

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Chase Banta

@ChaseBanta

1 year

@BowTiedBroke Went to high school with a guy drafted #14 in the NBA. Most effortlessly elite person I've ever seen do anything. Goes on to score barely more points across his whole career than Michael Jordan did in 142 games as a Wizard. Even the "WTF reaction" people aren't elite.

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Chase Banta

@ChaseBanta

6 months

Me: *lays around all day like a sack of potatoes* My body: Well done!!! You just burned 2,000 calories!!! Me: *sprints as hard as I can for an entire mile* My body:

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Chase Banta

@ChaseBanta

8 months

@excel_ranger Sorry man. Works til it doesn't. Fwiw, if it was 3cm you probably would have been alright. I was always terrified my 2cm pieces would be cracked just from driving to to job site, and that was before physically installing.

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Chase Banta

@ChaseBanta

1 year

@BowTiedBroke Do you have any experience with this product? It, of all products of any kind I've ever used for anything, easily in the 99th percentile of satisfaction. I don't know why it works, but it is amazing for any ant problem I've encountered.

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Chase Banta

@ChaseBanta

6 months

@REExchangor @SMBTelecomGuy @KrissBergTweets @CaseyMericle It's actually higher, because with each passing day the purchasing power of the equity they protect decreases due to inflation.

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Chase Banta

@ChaseBanta

6 months

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Chase Banta

@ChaseBanta

8 months

Received our first two responses from the house hunt mailer we sent out earlier this week. Well wishes and a couple of leads feels like we're off to a great start.

Chase Banta

@ChaseBanta

8 months

150 of 1,000+ stuffed and mailed. Each pre-stamped (thanks, USPS) envelope and tri-folded letter is uniquely addressed to the respective property owner using Excel/Word "mail merge" functionality. Also included is a biz card with our family photo for a bit of personal appeal.

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Chase Banta

@ChaseBanta

1 year

@sweatystartup Has a bit of a St Petersburg paradox feel to it. With a 1% chance of success, assuming the 5 year efforts are non overlapping, there's about a 90% chance you reach the end of your life having failed every 5 year attempt.

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Chase Banta

@ChaseBanta

1 year

@ShlomoChopp I'm a dummy, but smart enough to know there is wisdom here. How does one convert bonds to property ownership?

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Chase Banta

@ChaseBanta

1 year

@moseskagan Hormozi's Gym Launch has a free pdf showing how to scale a gym, increase LTV, liquidate CAC, etc. It's very accessible and includes infographics. Being specific to a simple biz model helps frame the info in a way that makes it a great primer.

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Chase Banta

@ChaseBanta

1 year

@moseskagan @gabebodhi Long time horizon in a supply constrained market sets a floor on negative outcomes, so the negative carry is just the price of a call options on rent growth and interest rate declines.

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Chase Banta

@ChaseBanta

1 year

@dig_deeper1 There's a guy named Lonnie Scruggs who coined "Lonnie Deals." Buy older unfinancable mh at a discount, fix them up, sell them on a note. Rinse repeat.

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Chase Banta

@ChaseBanta

1 year

@BednarikMatt I always just assume that their physical and mental resources must be tapped trying to obtain the things on one of the lower levels of Maslow's needs pyramid.

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Chase Banta

@ChaseBanta

1 year

@MarketReferee The Catch Me If You Can Frank Abagnale of tenants

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Chase Banta

@ChaseBanta

1 year

@chernobelskiy You draw a sample of 1000 from the population of C students and I'll draw a sample of 1000 from the population of A students. Now tell me which for which median statistics your sample will prove to be more successful than mine?

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Chase Banta

@ChaseBanta

1 year

@Rudolph_Cos Distribution checks and returned capital

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Chase Banta

@ChaseBanta

1 year

@JoeCassandra If you are getting medical treatment at any sort of place you'd actually want to get medical treatment in the United States of America, there is almost no chance you throw their bill away and you never hear from them again.

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Chase Banta

@ChaseBanta

7 months

@ShlomoChopp @SullyBusiness Back of envelope: DSCR > 1 spits off spendable "passive" income. Purchase asset at 60% LTV and it increases at 3.5% per year for 10 years and you're getting back 2-3x on your investment at sale. Not an endorsement of anything GC says/does, just saying this doesn't sound wild.

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Chase Banta

@ChaseBanta

1 year

@moseskagan Suppose, due to size of market, the only available PMs do a worse job than you: where is the inflection point where it stops being a trap to self-manage? Is it 10% worse, 40% worse, etc? I believe you, but I'm in a pickle.

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Chase Banta

@ChaseBanta

7 months

...opened escrow, that I have very few rodeos under my belt. None the less I think it's a valuable story to share for anyone who thinks deal sourcing is more complicated than simply increasing your surface area for getting lucky. 5/5

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Chase Banta

@ChaseBanta

7 months

@TheRealEstateG6 Direct mail to anyone in given radius; paint hotel as brother-in-law's (MIL, etc) new home away from home (i.e. they don't have to stay at their house anymore). Could do EDD, could pull a list. Might be cost prohibitive depending on margins. Similar billboard campaign.

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Chase Banta

@ChaseBanta

1 year

@financeguy725 Had to explain to a guy that the reason his unit was getting hotter and hotter was because that thing on the wall wasn't a malfunctioning A/C but a heater. This is was evening in a mountain town, so windows open brings temp down to 70s and below pretty easily.

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Chase Banta

@ChaseBanta

6 months

@ToryJSheffer Nice machine. Hand stuffed 1633 envelopes early December, probably took 20 hours.

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Chase Banta

@ChaseBanta

1 year

@moseskagan I'm just here to even out the ding-dongs harping on infinity to compliment ratio. Great looking place.

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Chase Banta

@ChaseBanta

9 months

@dvassallo Hah, no. I just considered it an appropriate tax for being a ding-dong. It was the black Friday sale that got me both times. Won't fall for it again!

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Chase Banta

@ChaseBanta

8 months

@mhprvpmvp How close to true is this version of the story?

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Chase Banta

@ChaseBanta

8 months

@ErikKaiser @CaseyMericle Seems severe, I'd give her another chance

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Chase Banta

@ChaseBanta

1 year

@girdley Wrong based on counter examples. Off the top of my head the "We rate dogs" brand: 9.3M Twitter, 2.5M Instagram, 20k on YouTube, 615k on Facebook. Near 0% controversial and given reasonable assumptions about merch sales alone, valuable.

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Chase Banta

@ChaseBanta

1 year

@stevegarthwaite I am a very stupid person, I assure you everything I do is hard.

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Chase Banta

@ChaseBanta

11 months

@RobertMSterling My brother in Christ I would pull a muscle benching 110lbs for reps right now, I def appreciate.

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Chase Banta

@ChaseBanta

7 months

@gravis821 @shawngorham Do you not understand the concept of "risk adjusted returns?" Making $64k on your labor with no risk and making $64k on your labor after outlaying capital and taking on risk are not the same thing, so they shouldn't be paid the same.

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Chase Banta

@ChaseBanta

6 months

@jcolesimpson What do you think the main drivers are in the difference between your $45/sqft and @shawngorham 's $150/sqft rehab cost is? Labor, not as high end, what else?

Shawn Gorham

@shawngorham

6 months

So you want to be a flipper: You better have cash or a rich partner/family member Lets look at the number on a standard deal in So Cal, some might call it "high end" however its really middle market (then I get shocked when a 20 something buys it as his first house) Purchase

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Chase Banta

@ChaseBanta

1 year

@heIpfullandlord Just a guy on the management team, serving at the pleasure of ownership. Not only does it create a better balance of "power" between residents and myself, given our LPs are the majority owners, it feels closer to the truth to identify that way.

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Chase Banta

@ChaseBanta

9 months

@TheKelseyMcR "It's not a pet it's an emotional support bear"

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Chase Banta

@ChaseBanta

1 year

@heIpfullandlord This is a very common occurrence. Worst thing you can do is make it an issue. Gently reinforce the behavior by normalizing it through things like (1) your wife and you discussing when you're going to do it "oh, I'll be right back honey, I have to poop on thr potty!"

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Chase Banta

@ChaseBanta

1 year

Another favorite Sunday ritual: wife makes bacon for the week, and I eat 1/2 week's worth of bacon. Highly recommend.

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Chase Banta

@ChaseBanta

6 months

For anyone afraid to take imperfect action: I found a list of emails far too small to produce a sale 99% of the time, bcc'd everyone on a 2 sentence msg, and 4mos later (today) we closed on a 24u off mkt property in South Lake Tahoe for $3.3M. ~0 prior cold outreach experience.

Chase Banta

@ChaseBanta

7 months

Non-trivial RE achievement of the week: Sourced my 1st off mkt deal, which we just opened escrow on today. The way I did it: our city has a annual mf inspection program targeting all properties > 6u. As we went through ours I realized we gave them valuable info... 1/5

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Chase Banta

@ChaseBanta

1 year

@FLRetailPro Out over our skis

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Chase Banta

@ChaseBanta

2 years

@financeguy725 @moseskagan My vote is for anybody from the value school of investing who has enough AUM to make moving in and out of bargain positions difficult/impossible. What about Seth Klarman?

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Chase Banta

@ChaseBanta

1 year

Only thing I disagree with is needing a credit card. Did the following on odd-job earnings: 18 yrs old: Spent 6mos hitchhiking the USA. 19 yrs old: 6mos as a canoe guide in Alaska. 20 yrs old: Saw Everest, Taj Mahal, and cycled from Barcelona to Rome on the same 3mos trek.

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Chase Banta

@ChaseBanta

6 months

@shawngorham Shawn, please make a "so you want to full gut remodel a place that's not in your backyard" post. I'm interested to know more about how you manage a project like this that's a days drive away.

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Chase Banta

@ChaseBanta

2 years

@financeguy725 Okay, but I'm also numbering then reassigning them.

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Chase Banta

@ChaseBanta

6 months

@bridgelenderguy @chernobelskiy @investing_law

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Chase Banta

@ChaseBanta

1 year

Everything I know to teach a boy about being a man: (1) work hard & work safe (2) give the neighborhood moms a little show (3) no damn HOA board is going to tell us what to do with our stairs

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Chase Banta

@ChaseBanta

7 months

@re_exchangor Lonnie Scruggs would approve

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Chase Banta

@ChaseBanta

1 year

@ClintFiore Hate to be the guy who plays the "dad died in a plane crash" card too many times, but.... As someone whose dad died in a plane crash, it makes me weep to hear these heroes and this brave girl collaborate to get her home safe. Way to go Maggie and controllers.

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Chase Banta

@ChaseBanta

10 months

@realestatedude0 Make love to her parents. By the transitive property of that kind of thing, you are now her parent. Ground her.

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Chase Banta

@ChaseBanta

1 year

@BednarikMatt But when I come back I'll be unrecognizable, so good chance you'll unknowingly just follow again

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Chase Banta

@ChaseBanta

1 year

Financials were hidden behind a gatekeeper so it took me a second, but I see how they get there.

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Chase Banta

@ChaseBanta

10 months

@Wildlaw406 I would be willing to bet that greater than 90% of residential landlords in CA are in violation of the law for simply not informing tenants of their right to request a pre-move-out inspection (not to be confused with post-move-out inspection).

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Chase Banta

@ChaseBanta

1 year

The masculine urge to ingratiate yourself to people with more power and influence than you.

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Chase Banta

@ChaseBanta

1 year

@seanpatward @MrBeast Funny story, but I'm stuck on this being the text of a first grade teacher. No punctuation, stream of consciousness. Tell me it's not an expensive private school.

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Chase Banta

@ChaseBanta

6 months

@STLChrisH Really really smart. What degree of site variability do you run into? This slide pretty seamlessly into all locations, or do all locations have some degree of customization to link to this system?

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Chase Banta

@ChaseBanta

1 year

There are 1.3M bears in the world, and every single one of them is more dangerous than a man with a worthy goal, the will to pursue it, and an obstacle in his way. That's just the bears.

Alex Hormozi

@AlexHormozi

1 year

There are few things as dangerous as a man with worthy goal, the will to pursue it, and an obstacle in his way.

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Chase Banta

@ChaseBanta

9 months

Sex is great but do you ever just log-in to a rarely used account using your oldest password with no capitals or special characters?

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Chase Banta

@ChaseBanta

1 year

@ArtemTepler This is from a reddit thread. My dad died in a plane crash a few years ago and someone sent me this same thread. Such a deep and perfectly encapsulated expression of the experience of grief.

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Chase Banta

@ChaseBanta

5 months

Just spent my first $1.67 on Google ads and so far not impressed with the results.

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Chase Banta

@ChaseBanta

1 year

@heIpfullandlord Quality of fb marketplace leads must be highly dependent on area. I have never had a good lead from there, while having great success at a really reasonable price on Zillow.

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Chase Banta

@ChaseBanta

9 months

Just drafted a summary for our LPs on the results of a 44u project we exit next week. LP Results Duration: 25 mo Cash flow: $416K Appreciation: $1.27M IRR: 19.25% This was my 1st deal in a spnsr role (co/jr spnsr) and it feels great to have delivered for our friends and family.

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Chase Banta

@ChaseBanta

9 months

Best use of chatGPT I've found: (1) Receive email that warrants irate reply (2) Write said reply & bask in dopamine rush (3) Ask chatGPT to translate reply to one that's cordial and likely to achieving desired business outcome (4) Send the translated email I highly recommend!

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