REAL ESTATE CYCLES - HOW THE SAUSAGE IS MADE
I've been around for five complete economic cycles (peak to peak or trough to trough) since I started my career out of college. During these times, I've seen a lot of people become extremely wealthy from real estate investing and
@randoadam1
@Basbeeky
@sweatystartup
It was a different time when my wife gave birth to our boys 23 and 26 years ago. So, to make up for lost opportunity, I took off my shirt at dinner a few nights ago and tried to hold them. It didn’t turn out so swell…
@lavern_spicer
@acnewsitics
Elon Musk is an African American. Square that.
No, not all Jamaicans are black. While the majority of Jamaicans are of African descent, the population is diverse and includes several ethnic groups:
1. The vast majority (76.3%) of Jamaicans are of African descent or
@ZaleskiLuke
@AMJalsevac
@elonmusk
She’s spot on. Perhaps taking a break would do you good despite the drop you’d suffer from a compensation perspective.
@mskvsk
@TihoBrkan
Not true. It’s how almost all non-inherited fortunes are made. You have to be very prudent and know economic cycles. They will kill you when levered at the wrong time
@EdKrassen
@Fr_Louie
If a bag of cocaine in the White House is a big nothing burger according to you, how is this something to get your panties in a wad over?
Developers have BIG balls
Example:
My client bid $30MM to the GSA for a 60-acre piece of raw ground in the Denver MSA located adjacent to the Denver Federal Center (8,000 employees) and St. Anthony's Hospital (800 employees & 1,400 caregivers) with a light rail station on the
@JeffFeldman_
Had coffee with a bank president here in Denver this morning. She said exactly what you’re saying, Jeff. No more real estate loans. Regulators crawling all over their RE loan portfolios
@garyrgruber
@GeorgeTakei
The old and dead windbag broadcasters from the past you mentioned were worse than today’s fake “reporters” because they didn’t have to worry about social media catching them in their lies.
@EpsilonTheory
Move along. You don’t need to know anything that we don’t want to tell you. You don’t need to ask any questions. We know what’s best for you.
The capital markets are frozen. I’m guessing they’ll thaw in the next few weeks as bankers and debt funds figure out their 2023 paths to making bonuses.
If you need any sort of RE loan right now, chances are HIGH you’ll need to bring more equity capital to the table - HIGH. liquidity w/banks &private debt funds is shit! Preferred equity is pretty readily available to solve. We have lots of sources. Happy to talk/educate.
@realEstateTrent
We had a client buy a $10K bottle of red at our closing dinner on us. He had a few bites of a $100 steak and a few sips of wine and left. Classy…
Closed ground-up construction loan:
3/22/23, $5.7MM for (28) for sale townhomes, Sloan’s Lake, Denver, CO. 7.75% rate, 70% LTC, 24 months, non-recourse
@JeremyGlantz
Dude, I wouldn't buy real estate with your money right now unless it was way below replacement value (significantly to cover continually skyrocketing insurance rates, diminishing occupancy, etc.). It's almost impossible to value real estate until the Fed signals they're done...
@realEstateTrent
This is one of your top 3 most important posts ever. Anyone who doesn't read it, understand what you're saying, and regard it deserves their fate moving forward. When fundamentals change, you can wish all you want, but reality is reality.
@BanksterLife
@TheWolfofREI
Depends on the size of the bank and the other assets on their books. That would be a hard nut to swallow and marking to market would be a killer
I have an MBA an am working as a professional investor.
Over the years, I've learned way more on Youtube than I did in school.
Here are the 7 best Youtube videos I've ever seen about investing:
@realEstateTrent
If you’re talking about preferred equity, it’s not a loan. They have a preferred stock ownership position in the entity that owns the property. All cash flow or profits are paid back to the preferred investors (after all debt has been repaid) until they receive the “preferred
@goldendust99
@TruthGundlach
Went to a party 1st weekend of December w/60 people. EVERYONE was triple vaxxed. The next day the host emailed everyone one of the attendees came down with Covid w/MAJOR symptoms. 25 others & I got it - REALLY bad. Horrible for two weeks. The vaxes don't work - PERIOD.