Real Estate Ranger @EstateRanger Twitter profile

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Real Estate Ranger

5 years

I will be compiling a thread of all of my threads. I have a lot of information in my threads and I want them to be accessible to you guys. Otherwise this information will just get lost in Twitter.

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Real Estate Ranger

@EstateRanger

4 years

Never tell tenants you are the owner of a building. Always refer to yourself as management. If you are management then you are able to blame things on the owners. Thus you will have to spend less time explaining your reasoning for why they cannot do certain things.

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Real Estate Ranger

@EstateRanger

2 years

As promised, here is a thread about why you need to use LLCs in Real Estate. If you aren't using an LLC, I question your knowledge. Anyways let's do it

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Real Estate Ranger

@EstateRanger

8 months

Everyone on Twitter talks about how to make money in real estate. But no one talks about how you can lose all your money in real estate. One wrong move, and you're bankrupt So, let's go through the most common way real estate owners lose a lot of money!

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Real Estate Ranger

@EstateRanger

2 years

The HVAC industry right now is a true nightmare. We literally can't get anyone out to our buildings. Have a 15k job that no one even wants. Must be nice to be a contractor.

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Real Estate Ranger

@EstateRanger

5 years

This will be one of the most important Real Estate threads I do: It seems like no one understands how taxes work when you sell a cash flow property Although this is a very important thread I doubt it gets that much engagement So make sure to like this shit Let's get into it:

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Real Estate Ranger

@EstateRanger

4 years

Stop taking loans on assets that do not produce income. I own all my assets in cash. If I cant buy it in cash I don't buy it. If it produces me income I take a loan if it doesn't I don't purchase. This is the ultimate security and is why I am not scared of any recession.

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Real Estate Ranger

@EstateRanger

2 years

I will say it again. If you do not hold each property in a separate LLC you have not done your proper due diligence on asset management.

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Real Estate Ranger

@EstateRanger

8 months

If you want to reward an employee, do it with cash. Employees do not want your gifts. No one wants a nice dinner or a new Apple watch. People want cash so they can spend it how they like.

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Real Estate Ranger

@EstateRanger

2 years

There is a serious issue with buying cheap properties less than 200k Your cashflow is not enough in dollar terms. Properties have fixed cost. Sure you may cash flow 1k a month but what happens when you need a new roof? Bye bye two years of cash flow. Bigger is better

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Real Estate Ranger

@EstateRanger

5 years

Here is a random ass building on Loopnet. Figured people might like what my initial thoughts are on a building. When I first look at a building the first thing I do is ask questions Drop a like if you like this kind of thing.

1575 Route 9, Wappingers Falls, NY 12590 - Patriots Park | LoopNet

1575 Route 9, Wappingers Falls, NY 12590. This Office/Retail space is available for lease.

www.loopnet.com

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Real Estate Ranger

@EstateRanger

5 years

Many people look at Real Estate and they think hmm the returns seem low at sub 10% Well they are missing the point What makes Real Estate investors rich is leverage. Investors can leverage their cash flows to reinvest and buy more property Forget the returns look at the assets

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Real Estate Ranger

@EstateRanger

3 years

Construction is one of the most fraud-ridden industries there is. As a newbie into the real estate world with no construction knowledge this is where you will most likely get burned.

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Real Estate Ranger

@EstateRanger

3 years

Always drive your professionals do not let them drive you. Drive your CPA tell him what tax strategies you want to implement Drive your lawyer. Tell him what you need done Drive your contractor tell him what to build Take advice from them but ultimately you need to drive

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Real Estate Ranger

@EstateRanger

3 years

A thread on our real estate niche and our favorite type of deal. This is a thread you will want to read as this asset class is extremely underserved and relatively unknown. 🚨

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Real Estate Ranger

@EstateRanger

5 years

"Napkin Calculations" I use: 1.) Cap Rate 2.) Price PSF 3.) Cash-on-Cash Metrics to look at after you get all information 1.) IRR 2.) NPV 3.) DSCR 4.) LTV 5.) ARV If you don't know what they stand for ask in the comments!

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Real Estate Ranger

@EstateRanger

1 year

Learn construction if you want to get into real estate. Being able to properly manage a building takes a lot of construction knowledge. Being able to acquire a good property also takes a lot of construction knowledge.

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Real Estate Ranger

@EstateRanger

3 years

Find a CPA who will grow with you. If you are 25 don't get a 65-year-old CPA who will retire in 5 years.

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Real Estate Ranger

@EstateRanger

2 years

If you are going to work in real estate, read a construction textbook. Construction is one of the most important aspects of real estate. It can be dry, but it is a necessary step if you want to be in this game.

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Real Estate Ranger

@EstateRanger

2 years

My periodic reminder for my followers. If you do not hold each property in a separate LLC, you have not done your proper due diligence on asset management.

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Real Estate Ranger

@EstateRanger

3 years

Practice talking to random people in your life. Local coffee shop person, people at your gym etc... You need to hone and sharpen your speaking skills at all times. It is essential for a business like real estate.

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Real Estate Ranger

@EstateRanger

4 years

This will be a thread on a basic overview of the ways to get into Real Estate: I decided to make this thread due to the large volume of people asking how they can get into Real Estate.

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Real Estate Ranger

@EstateRanger

3 years

If you deep work just five hours a day you will do more work than 90% of people in the modern world.

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Real Estate Ranger

@EstateRanger

3 years

Being successful takes 5 years + Understand this or else you will quit before you realize your potential.

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Real Estate Ranger

@EstateRanger

2 years

Just found out one of our tenants, young woman, is making 14k a month doing hair extensions in an office she rents from us for 600 a month. Love to see it.

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Real Estate Ranger

@EstateRanger

3 years

I always like to look at this picture once a month or so. The power of compounding is so great it needs to be visualized.

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Real Estate Ranger

@EstateRanger

9 months

Your Rolex or your fancy car means nothing to truly wealthy people. People who achieve true wealth forgo dumb status games. It's great to learn this early on so you don't waste too much money trying to impress semi-successful people.

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Real Estate Ranger

@EstateRanger

7 months

@roblabonne 15-20 bucks for a 4 pack might be why haha

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Real Estate Ranger

@EstateRanger

4 years

This will be a 30-day thread on how to manage a building on a budget: This will be helpful for anyone wanting to learn about how to save money and manage your own properties Enjoy :D

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Real Estate Ranger

@EstateRanger

4 years

Construction knowledge is one of the most important aspects of real estate. This means in order to succeed in this business you must be willing to go to the job site and sometimes get your hands dirty.

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Real Estate Ranger

@EstateRanger

3 years

The great thing about real estate is that if your deals are structured right 1 to 3 deals a year can make you extremely wealthy.

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Real Estate Ranger

@EstateRanger

3 years

Most people are better off investing their extra money into the market rather than buying real estate.

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Real Estate Ranger

@EstateRanger

4 years

Learning construction costs is a very important skill when evaluating deals. When you view a deal you need to know roughly how much it will cost to redo a space, add a wall or renovate a bathroom. This will allow you to see if a deal is worth it before DD

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Real Estate Ranger

@EstateRanger

7 months

Something rarely mentioned when talking about America's insane healthcare cost is its effect on entrepreneurship. It is likely the largest detractor of entrepreneurship. Paying $2,000 a month for a family does not allow people to take risks they otherwise would.

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Real Estate Ranger

@EstateRanger

5 years

How to flood your inbox with Real Estate Deals

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Real Estate Ranger

@EstateRanger

2 years

If you want to be in real estate it's time to toughen up. Contractors, lawyers, other parties, and tenants will all walk all over you at the first sign of weakness.

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Real Estate Ranger

@EstateRanger

3 years

Sam Zell AKA the "Grave Dancer" Amassing an over 60 Billion-dollar commercial real estate portfolio and pioneering the REIT structure. Let's break down his story: 👇

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Real Estate Ranger

@EstateRanger

5 years

Systems are everything in Real Estate If you are using excel sheets to track rent payments you are doing it wrong You must use software and implement systems My old boss owned and managed 133 buildings. His full time office staff was 7. Think about that...

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Real Estate Ranger

@EstateRanger

4 years

You need to have a workflow. Whether you are a large company or a small operator. You need a monthly and weekly checklist of tasks you need to do every month. This is key to not missing anything.

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Real Estate Ranger

@EstateRanger

4 years

Loopnet is a great source for you to practice looking at deals. Look at Loopnet and as with almost all Loopnet listings figure out why it is not a good deal. Asking questions is the key to analyzing deals.

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Real Estate Ranger

@EstateRanger

2 years

After your first job, your GPA is irrelevant. No one cares.

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Real Estate Ranger

@EstateRanger

5 years

For the next 30 days, I will be posting some useful tips I have gathered from my prior deals.

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Real Estate Ranger

@EstateRanger

2 years

Beginner real estate tip. You don't get or want to finance from national banks. Instead, go around and petition all of your local banks that's where your funding should come from.

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Real Estate Ranger

@EstateRanger

3 years

In thanks of 10k here is a thread of MOST of the best people on real estate twitter. Books of information are posted weekly from everyone. The thread will be continually updated and will live in my pinned tweet.

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Real Estate Ranger

@EstateRanger

2 years

Construction is an extremely difficult business sector to deal with. This is where most real estate investors who have never left the office get crushed. Ruthless industry.

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Real Estate Ranger

@EstateRanger

3 years

I often forget what I find to be common knowledge in real estate might not be for everyone else starting. Every building you own should be held in a separate LLC. Very few exceptions to this rule.

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Real Estate Ranger

@EstateRanger

3 years

Our tax structure favors wealth not income. Your priority should be to create wealth it should not be to create more income.

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Real Estate Ranger

@EstateRanger

3 years

No one seems to mention depreciation is a real expense. I have tweeted about this 20+ times The only way people will learn I think is when they own a property for 20 years and then realize they need 100k+ cash to fix it. Do you know how much brick repointing is?

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Real Estate Ranger

@EstateRanger

2 years

What's cooler than a bunch of materialistic goods? A giant real estate portfolio that pays you cash every month.

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Real Estate Ranger

@EstateRanger

3 years

Commercial RE: Value is based on cash flows Single Family RE: Value is based on other houses nearby. Big difference here. Important to recognize either way you decide to invest.

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Real Estate Ranger

@EstateRanger

2 years

Real estate is not passive at all, even with a third-party management company. Real estate is a pain in the ass.

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Real Estate Ranger

@EstateRanger

2 years

The most successful people I know respond to every email they get within the day. Even if they are just saying "I will get back to you" The idea that you're too busy to be organized about your email is a lie.

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Real Estate Ranger

@EstateRanger

3 years

In college focus on creating a network centered around what you want to do. A 4.0 GPA won’t get you a job. What will get you a job is a decent GPA and a killer network.

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Real Estate Ranger

@EstateRanger

3 years

Learn how to do some manual labor if you are in real estate. 70% of real estate is staying on cost with construction. Learn all you can about it.

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Real Estate Ranger

@EstateRanger

3 years

If you own a retail strip just don't rent to drycleaners. They will always cause issues.

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Real Estate Ranger

@EstateRanger

2 years

HVAC is the bane of my existence. Mini-splits - central air doesn't matter they all suck and break down. HVAC companies are consistently unreliable and unprofessional. Markup is also insane. We get HVAC contractors who charge $350 an hour.

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Real Estate Ranger

@EstateRanger

5 years

This will be a thread on how I shelter myself from recessions: I have probably ten questions in my inbox asking me "Should invest because of a looming recession" I tell them all the same thing: I don't care about recessions and I still buy deals Let's get into it

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Real Estate Ranger

@EstateRanger

3 years

Here is your monthly reminder to stop taking debt on non-cash flowing assets. Being held to a monthly expense keeps you poor. Freedom is needed to become rich.

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Real Estate Ranger

@EstateRanger

2 years

The worst thing you can do when you're young is play status games. Nothing kills compounding like buying a Rolex or a new car. Instead, take that money and reinvest it in your business.

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Real Estate Ranger

@EstateRanger

2 years

Most owners expect way too much from their employees. You expect someone to be dedicated to your cause when you pay them $40k a year and no equity? Grow up.

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Real Estate Ranger

@EstateRanger

2 years

Pay your vendors immediately. Vendors remember and know their clients who always pay and pay quickly. Good vendors will elevate your priority with them over time.

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Real Estate Ranger

@EstateRanger

3 years

Our latest acquisition.

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Real Estate Ranger

@EstateRanger

5 years

For the next 30 days we will be doing some real estate acronyms and tips: They will all be in this thread

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Real Estate Ranger

@EstateRanger

2 years

Extremely wealthy people move away from actually working. Instead, their main job becomes delegation and management.

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Real Estate Ranger

@EstateRanger

1 year

There is really one thing you need to understand to make money in real estate: A direct increase in NOI has a disproportionate effect on building value. 1,000 dollar increase to NOI increases building value by $14,285.00 at a 7 cap. It really is that simple.

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Real Estate Ranger

@EstateRanger

2 years

Don't get sucked up into buying material goods when you are young. No one thinks you're cool because you have a Rolex in your 20s lmao.

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Real Estate Ranger

@EstateRanger

3 years

First thing you should look at when doing deal Hvac or central air Roof Paving Environmental These are items that materially change a deal

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Real Estate Ranger

@EstateRanger

3 years

You need to understand the basics of construction if you are looking to get into real estate. The sectors go hand and hand.

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Real Estate Ranger

@EstateRanger

2 years

Value new construction adequately. It is worth a lot more than you think. We own 100 year old buildings they are a nightmare to maintain.

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Real Estate Ranger

@EstateRanger

3 years

Stop being shy. Talk to everyone and always keep a stack of business cards on you. Chat random people. You never know who you might meet.

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Real Estate Ranger

@EstateRanger

11 months

Expensive shit that are not worth the money: A fat car payment A fat rent bill A fat mortgage First class flights A stabilized 5 cap Watches What else did I miss?

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Real Estate Ranger

@EstateRanger

2 years

If you are buying a condo ask for meeting minutes. These will help determine what you are getting yourself into. If you are smart you shouldn't even be looking at a condo.

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Real Estate Ranger

@EstateRanger

1 year

A lot of the advice from Real Estate Twitter overlooks some of the basics for newcomers. Therefore I wanted to make a thread that broke down 10 basic things that you might not know if you are new to real estate. Enjoy! Let me know if you want more stuff like this

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Real Estate Ranger

@EstateRanger

2 years

One of the worst things you can do if you are young and trying to make money is buy a pet. Not only is it really expensive it also totally wipes your ability to be flexible. Not to mention. It's not cool to have a full-size dog in a 1K sq FT apartment.

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Real Estate Ranger

@EstateRanger

2 years

Never correct others in in public situations unless the correction is extremely material. Terrible social skill is correcting someone when they are telling a story etc.... Who cares if its not 100% accurate.

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Real Estate Ranger

@EstateRanger

4 years

If you don’t know what depreciation recapture is then you have no done your homework on Real Estate. Stuff like this will make a investment you thought was a slam dunk quite the opposite.

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Real Estate Ranger

@EstateRanger

2 years

Get out of the office. You are in real estate. You buy buildings not numbers on an excel sheet. Go walk around the neighborhood. Look and think in the real world. It will do you wonders.

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Real Estate Ranger

@EstateRanger

4 years

Cap Rates are different per region of the country. This may seem basic but many do not understand. Just because you get a 10 cap in the south it does not mean it is better than a 6 cap in LA. Returns are location specific.

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Real Estate Ranger

@EstateRanger

3 years

I have never listened to @fortworthchris podcast before. Yesterday I decided to listen to the podcasts with @TheRealEstateG6 @sweatystartup I highly recommend anyone interested in RE listen as there is such little CRE content out there. Bravo very well done.

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Real Estate Ranger

@EstateRanger

3 years

In real estate, it's easy to forget you are buying actual buildings. Take a break from your sheets. Go and walk the property and the town. In 20 years what will matter is not the Cap rate, you forecasted 20 years from now.

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Real Estate Ranger

@EstateRanger

5 years

Here is a thread on how to negotiate loan terms:

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Real Estate Ranger

@EstateRanger

4 years

If you are buying commercial real estate you should almost always be using debt. Without it you are forgoing one of the most important aspects of real estate

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Real Estate Ranger

@EstateRanger

5 years

This will be a thread on why I invest in commercial rather than multifamily. (I realize I am an outlier here as most people on Twitter do multifamily. This works for me. It may not work for you, find what works for you and create your own path.)

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Real Estate Ranger

@EstateRanger

1 year

After your first job, your GPA is irrelevant. No one cares you got a 4.0. Nice, you were good at school. The next question is if you are good at the real world.

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Real Estate Ranger

@EstateRanger

2 years

You will get crushed in real estate if you cannot stand your ground. Construction guys will literally steam roll you along with brokers and everyone else. First time we went to bid on a building broker would not even submit our bid. We had to fight back to force him.

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Real Estate Ranger

@EstateRanger

2 years

When you are working for yourself you need to treat it like a real job if you want to be successful.

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Real Estate Ranger

@EstateRanger

4 years

If you are looking to get into real estate you must start learning about macro factors. Economics and real estate are very closely intertwined. Knowing economics will allow you to more creatively add value to deals.

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Real Estate Ranger

@EstateRanger

4 years

CRE deals are done in person. Get off Loopnet and start reaching out to brokers.

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Real Estate Ranger

@EstateRanger

3 years

There is still so much opportunity in real estate due to the fact that it is an old-school business. Boots on the ground and networking with people in real life is how you succeed in real estate. The old school functionings help to provide plenty of opportunities.

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Real Estate Ranger

@EstateRanger

2 years

A tip for college grads going into business. No one cares about your 4.0 GPA. The people who get the best jobs are the ones who network and find great internships both sophomore and junior year. If you have no real world experience you aren't going to get hired.

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Real Estate Ranger

@EstateRanger

3 years

If you have no one on-site during construction projects you will get fucked eventually. Most will not listen and learn this lesson the hardway.

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Real Estate Ranger

@EstateRanger

3 years

I have a friend who takes home around $250k a year. He does the bookkeeping himself. Don’t make this mistake. Outsource manual tasks like this and focus on high value tasks. That is your job as an owner.

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Real Estate Ranger

@EstateRanger

2 years

Apologies for the lack of content. We are now starting to receive deals that make sense for the first time in 2 years.

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Real Estate Ranger

@EstateRanger

3 years

Spend money hiring and stop doing things yourself. If you do everything yourself you will never be able to scale. Hiring is an investment.

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Real Estate Ranger

@EstateRanger

1 year

I highly dislike Single Family Homes as investment properties: Value is determined by neighboring properties, not by cash flow. CapEx destroys cash flow. Flipping is heavily impacted by market swings with nothing to lay back on.

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Real Estate Ranger

@EstateRanger

2 years

The nice thing about real estate is that you can't sell it on your phone at 10pm

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Real Estate Ranger

@EstateRanger

11 months

There is a serious issue with buying single-family homes as a rental property Real estate has fixed cap ex and cash flow is too low in dollar terms You may cash flow 1k a month But once you need a new roof bye bye 2 years of profit Bigger is always better and scale is needed

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Real Estate Ranger

@EstateRanger

3 years

If you truly want to be wealthy you need to shut up and listen to others. The wealthiest people I know will listen to other people's businesses for hours rather than talking about themselves. Opportunities come from curiosity.

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Real Estate Ranger

@EstateRanger

11 months

Hvac chronicles never end. I Truly despise the entire HVAC industry it is the bane of my existence We found what we thought to be a great HVAC guy until he just quotes us this amount for a two ton mini split lol Go stick your head in the sand loser.

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Real Estate Ranger

@EstateRanger

3 years

Anyone want a thread on how to get ACTUAL off market deals? In a major metro?

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