The Real Estate God Profile
The Real Estate God

@TheRealEstateG6

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Following
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$500MM+ AUM REPE to REPE Firm Founder. Subscribe on YouTube to get an inside look at how I structure my deals:

Joined March 2019
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@TheRealEstateG6
The Real Estate God
3 years
“A Roadmap For The Future”: How to not only avoid being left behind in today’s world, but a step by step process on how to thrive (next 5-10 yrs will be one of the easiest times in history to get rich)
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@TheRealEstateG6
The Real Estate God
1 year
// Why losing money in your 20s is near meaningless and why people who focus on maximizing earning capacity instead are the wealthiest by far // When I was 22, I lost $30k on a real estate deal. At the time, it was pretty much my entire net worth. According to every official
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@TheRealEstateG6
The Real Estate God
2 years
// Creating Your Own Yacht: The Art of Making People Come to You //
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@TheRealEstateG6
The Real Estate God
2 years
Analyzing a real estate deal in 30 seconds: Market rent * unit count * 12 months * 95% occupancy = revenue Revenue * market NOI margin = NOI NOI / (purchase price + renovation costs) = stabilized yield If stabilized yield is 200 bps > market cap rate, it’s worth looking into
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@TheRealEstateG6
The Real Estate God
7 months
HOW PRIVATE EQUITY FIRMS ANALYZE DEALS: Most important metrics: 1. Stabilized yield: Since we focus on value add, the entry cap doesn’t matter, as long as we can service our debt The stabilized yield matters because it shows the intrinsic cash flow of the deal The stabilized
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@TheRealEstateG6
The Real Estate God
10 months
I often get asked “how do you know when a deal looks interesting?” This deal is a perfect example of clear signs you can look out for This 68-unit deal arrived in my inbox about a month ago with 5 massive red flags: 1. The deal wasn’t listed on loopnet (came straight from a
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@TheRealEstateG6
The Real Estate God
5 months
Don’t think most people realize that there’s an entire class of people in America who basically don’t work at all Tour lower-income housing midday on a workday. 80%+ of them will be at home doing nothing Your taxes are pretty much subsidizing them smoking and watching tv
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@TheRealEstateG6
The Real Estate God
2 years
HOW PRIVATE EQUITY FIRMS ANALYZE DEALS: Most important metrics: 1. Stabilized cap rate (yield): Since we focus on value add, the entry cap doesn’t matter, as long as we can service our debt The stabilized yield matters because it shows the intrinsic cash flow of the deal
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@TheRealEstateG6
The Real Estate God
6 months
If I started a YouTube channel where I just walked through deals I’ve done and deals I’m looking at from start to finish would people be interested in that? Would be very in-depth, not sure anyone has the attention span anymore
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@TheRealEstateG6
The Real Estate God
2 years
Guy’s behind on rent at one of my properties. Didn’t want to evict him Found out he’s a painter so gave him work at another property so he can pay rent He says ok and then doesn’t even show up. Some people just refuse to help themselves
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@TheRealEstateG6
The Real Estate God
11 months
If you want to make over ~$500k, you’re going to have to be “the guy” The guy who drives in revenue, the guy people turn to when things go wrong There’s no way around this. People have this dream where they make a ton of money and don’t have any responsibility. It doesn’t exist
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@TheRealEstateG6
The Real Estate God
2 years
Person A works really hard all year at a company, makes $100k Person B buys a $1MM property for $750k (25% discount). At acquisition, he made $250k Person B’s one action was more important financially than every other action Person A made the entire yr High leverage decisions
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@TheRealEstateG6
The Real Estate God
2 years
My business partners and I are in the process of selling a 48-unit property. Our profit on the deal should be $2MM which means our tax bill should be $600k But we’re going to use some legal tricks to turn that tax bill into $150k Here’s how legal tax evasion works // THREAD //
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@TheRealEstateG6
The Real Estate God
9 months
HOW PRIVATE EQUITY FIRMS ANALYZE DEALS: Most important metrics: 1. Stabilized yield: Since we focus on value add, the entry cap doesn’t matter, as long as we can service our debt The stabilized yield matters because it shows the intrinsic cash flow of the deal The stabilized
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@TheRealEstateG6
The Real Estate God
7 months
// THE BUSINESS OF HAVING A CAREER VS THE BUSINESS OF MAKING MONEY // Why most people are in the business of having a career when they should be in the business of making money
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@TheRealEstateG6
The Real Estate God
11 months
Go to a golf course midday during the week and ask everyone who has the freedom to play at that time what they do (bonus points if they look young for their age) All either run their own business, are in sales or are investors So target career paths should be pretty clear
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@TheRealEstateG6
The Real Estate God
1 year
In September 2021, I bought a deal for $2.6MM. This week I sold it for $6.4MM. Turned $800k into $4.1MM in less than 2 yrs I wrote a 3,000 word case-study explaining the exact process I used step-by-step To get a copy of this 7-pg case-study sent to your DM, reply "deal" below
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@TheRealEstateG6
The Real Estate God
1 year
After college I joined a $500MM+ AUM real estate private equity firm. Within just 2 years, I became a junior partner I won't deny luck played a part, but I'd like to think there was some skill involved as well Most important part by far was office politics Here's how I did it:
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@TheRealEstateG6
The Real Estate God
2 years
Despite what most people would like you to believe, evaluating a property is actually incredibly easy Here’s how you evaluate the financials of a building in the most simple way possible: (Hint: You shouldn’t even be thinking about IRR in the beginning)
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@TheRealEstateG6
The Real Estate God
10 months
Analyzing a real estate deal in 30 seconds: Market rent * unit count * 12 months * 95% occupancy = revenue Revenue * market NOI margin = NOI NOI / (purchase price + renovation costs) = stabilized yield If stabilized yield is 200 bps > market cap rate, it’s worth looking into
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@TheRealEstateG6
The Real Estate God
1 year
New 12-unit building was just built in my market. Only getting $1,800 in rent $1,800 * 12 months * 12 units * 95% occupancy * 65% NOI margin = $160k stabilized NOI $160k / 7% market cap rate = $2.3MM Cost developer $250k/unit ($3MM) to build Guy lost $700k the day he built it
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@TheRealEstateG6
The Real Estate God
1 year
If you want to make over ~$500k, you’re going to have to be “the guy” The guy who drives in revenue, the guy people turn to when things go wrong There’s no way around this. People have this dream where they make a ton of money and don’t have any responsibility. It doesn’t exist
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@TheRealEstateG6
The Real Estate God
2 years
Person A works really hard all year at a company, makes $100k Person B buys a $1MM property for $750k (25% discount). At acquisition, he made $250k Person B’s one action was more important financially than every other action Person A made the entire yr High leverage decisions
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@TheRealEstateG6
The Real Estate God
6 months
As we go into 2024, keep it simple - job - side business - buy at least 1 property a year Financially independent within 5 years, wealthy within 10-15 years
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@TheRealEstateG6
The Real Estate God
3 years
Go to a golf course midday during the week and ask everyone who has the freedom to play at that time what they do (bonus points if they look young for their age) All either run their own business, are in sales or are investors So target career paths should be pretty clear
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@TheRealEstateG6
The Real Estate God
10 months
You have absolutely nothing to worry about if you can execute Everyone thinks there’s a ton of competition out there. There’s zero World is filled with people who talk & talk but can’t execute If you can execute, you’ll become rich. That simple. Not a question of if, but when
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@TheRealEstateG6
The Real Estate God
3 years
// Engineering Luck: Spend Money, Create Luck //
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@TheRealEstateG6
The Real Estate God
1 year
Reason I don't take excuses seriously is my best friend’s cousin came over from Venezuela at 16 Spoke 0 english Worked for min wage at a bagel store and went to college at night Now works at a hedge fund You grew up in america, spoke english your whole life and have no excuse
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@TheRealEstateG6
The Real Estate God
8 months
Big mistake finance guys make is staying in the most competitive fields for no reason IB —> PE —> larger PE End up competing against the smartest people in the world Instead should be: IB —> PE —> industry where you can beat up on unsophisticated No need to play on hard mode
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@TheRealEstateG6
The Real Estate God
2 years
You want to start your own real estate private equity firm but you don’t know how much it’ll cost Here’s how to think about start-up costs:
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@TheRealEstateG6
The Real Estate God
9 months
Analyzing a real estate deal in 30 seconds: Market rent * unit count * 12 months * 95% occupancy = revenue Revenue * market NOI margin = NOI NOI / (purchase price + renovation costs) = stabilized yield If stabilized yield is 200 bps > market cap rate, it’s worth looking into
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@TheRealEstateG6
The Real Estate God
2 years
Work a job, love it, want to work there forever Get screwed on one bonus, realize it’s all a scam and that the only way out is to start a business. Seen it a million times More businesses have been started by people who’ve been screwed on their bonus than any other demographic
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@TheRealEstateG6
The Real Estate God
1 year
This is what people don’t get about the real estate private equity model Even on a mediocre deal you still make a ton of money Deal-level returns: 18% IRR, 1.3x equity multiple Sponsor still makes ~$600k profit, 3.3x equity multiple over 3 years. And then pays no tax on it
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@TheRealEstateG6
The Real Estate God
2 years
How I underwrite: 2 columns in excel, one for in-place income, one for stabilized income In-place income column just checks that the property can service its debt at a 1.25x DSCR Stabilized column makes sure that the stabilized yield will be 200bps above the market cap rate
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@TheRealEstateG6
The Real Estate God
8 months
I get a lot of DMs asking how I underwrite deals to ensure that (if I get my offer price) the deal ends up being a homerun This is how I do it. This is a real deal I just submitted an offer on yesterday. 56 units, priced at $3.75MM If I get this deal at this price, it’s nearly
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@TheRealEstateG6
The Real Estate God
29 days
If you want to make over ~$500k, you’re going to have to be “the guy” The guy who drives in revenue, the guy people turn to when things go wrong There’s no way around this. People have this dream where they make a ton of money and don’t have any responsibility. It doesn’t exist
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@TheRealEstateG6
The Real Estate God
1 year
Analyzing a real estate deal in 30 seconds: Market rent * unit count * 12 months * 95% occupancy = revenue Revenue * market NOI margin = NOI NOI / (purchase price + renovation costs) = stabilized yield If stabilized yield is 200 bps > market cap rate, it’s worth looking into
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@TheRealEstateG6
The Real Estate God
1 year
“Where do you think the real estate market’s going?” John, owns a $100MM portfolio - “Honestly no idea. Just try to focus on my portfolio, de-risking my deals, and swinging at any deals that pencil” Tim, owns 2 units - “Know for a fact it’s going to crash, not buying anything”
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@TheRealEstateG6
The Real Estate God
2 years
Once you realize that you can pay 0 taxes if you know what you’re doing in RE it makes very little sense to start any other business 60% margins and no taxes. Nearly impossible to outperform enough in any other business model to allow you to keep pace with even a mediocre deal
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@TheRealEstateG6
The Real Estate God
1 year
Bought: September 2021 for $2.6MM Sold: July 2023 for $6.4MM Initial Equity: $800k Total profit: $3.4MM Equity multiple: 5.2x IRR: 145%
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@TheRealEstateG6
The Real Estate God
7 months
“A Roadmap For The Future”: How to not only avoid being left behind in today’s world, but a step by step process on how to thrive (next 5-10 yrs will be one of the easiest times in history to get rich)
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@TheRealEstateG6
The Real Estate God
1 year
Just met a guy who introduced himself as the “COO” He runs a 6-room bed & breakfast 6-room. Bed & breakfast. COO Imagine the ego
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@TheRealEstateG6
The Real Estate God
3 years
In the younger generation they’ll be no reason for anyone remotely talented to work for someone else after the age of 25 Too much leverage available with the internet, impossible for an employer to compete with that compensation-wise Rise of the individual
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@TheRealEstateG6
The Real Estate God
2 years
Starting off 2022 with some older long-form content // $20MM MENTALITY VS $50MM MENTALITY // Difference between the $20MM mentality and $50MM mentality, how your upbringing influences your outlook on life and how to alter this outlook to achieve greater success in the long run
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@TheRealEstateG6
The Real Estate God
2 years
Take the three most successful people you know, use them as your new benchmark for “normal” File everyone else into the “underperforming” category. Watch how quickly your life changes
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@TheRealEstateG6
The Real Estate God
1 year
Heaviest tipper at my golf club tips the starter over $100k/year Guy gets whatever he wants, whenever he wants it on the course And he makes back 10x that money every year with all the business he gets from guests who had a great time Incredible $$ machine once it gets moving
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@TheRealEstateG6
The Real Estate God
1 year
Analyzing a real estate deal in 30 seconds: Market rent * unit count * 12 months * 95% occupancy = revenue Revenue * market NOI margin = NOI NOI / (purchase price + renovation costs) = stabilized yield If stabilized yield is 200 bps > market cap rate, it’s worth looking into
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@TheRealEstateG6
The Real Estate God
11 months
Caught up with my mentor last night for the first time in a while For those of you who don’t know, he started his own shop ~10 years ago, built it from $0 to $200MM-$300MM AUM with one employee. He’ll almost certainly end up being worth $100MM+ We spoke about pretty much
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@TheRealEstateG6
The Real Estate God
2 years
Bought: September 2021 for $2.6MM Under contract today: $6.8MM
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@TheRealEstateG6
The Real Estate God
9 months
One decent sized liquidity event by 30 and you’re set for life From 22 to 30, that’s all you need to do. 8 years to generate one liquidity event Really not that hard when you frame it that way
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@TheRealEstateG6
The Real Estate God
2 years
Been using this young kid’s junk removal business. 22 years old. Never went to college Each load costs $500, does at least 2/day. $1k/day revenue, margins have to be at least 70%, works 300/days/yr. Clearing more than most investment banking analysts All it takes is some hustle
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@TheRealEstateG6
The Real Estate God
2 years
Step 1: Start a business that cashflows day 1 (service business, etc) Step 2: Start small PE firm that funnels the business cash flow into the GP stake in deals Step 3: Use LP equity leverage to rapidly multiply your capital From $0 to multi million dollar net worth in 3-5 yrs
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@TheRealEstateG6
The Real Estate God
1 year
How I underwrite: 2 columns in excel, one for in-place income, one for stabilized income In-place income column just checks that the property can service its debt at a 1.25x DSCR Stabilized column makes sure that the stabilized yield will be 200bps above the market cap rate
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@TheRealEstateG6
The Real Estate God
7 months
// $0 to $1MM in 5 Years // Probably the most common question I get from younger guys is “How would you do it all again if you were my age?” I’ll do you one better. Here’s an extremely realistic gameplan to get from ~$0 to $1MM in 5 yrs I’m going to assume that you have a W2,
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@TheRealEstateG6
The Real Estate God
1 year
52-unit multifamily deal I just submitted an offer on Buy at 7% cap rate, stabilize at a 9% yield, sell at 7% cap rate. 200 bps spread is all you need Simple process, just need to buy right In depth overview of the underwriting available in the University (link in below tweet)
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@TheRealEstateG6
The Real Estate God
1 year
Convinced that if any relatively smart young person started any kind of service business, they’d be making $300k minimum within 3-5 years Just need to: 1. Pick up the phone 2. Do what you say you’re going to do 3. Work hard 4. Actively hunt for new business Not rocket science
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@TheRealEstateG6
The Real Estate God
8 months
During the divorce proceedings my mentor’s ex-wife saw his financials and how much money he’s made on the deals he’s done with me - this week she reached out to be an LP herself (with the money she just took from him) I believe they call this “networking”
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@TheRealEstateG6
The Real Estate God
1 year
People who’re stingy with money always end up with less than those who’re generous with it You’d think they’d be wealthier from all the “savings” from being cheap. But nope Fundamental rule of money is the tighter you hold it, the less of it you attract
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@TheRealEstateG6
The Real Estate God
1 year
After college I joined a $500MM+ AUM real estate private equity firm. Within just 2 years, I became a junior partner I won't deny luck played a part, but I'd like to think there was some skill involved as well Most important part by far was office politics Here's how I did it:
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@TheRealEstateG6
The Real Estate God
1 year
What's the relationship between cap rate, return on cost, and stabilized yield? This is arguably the most important relationship in real estate and most people don’t understand it at all It’s actually really simple // THREAD //
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@TheRealEstateG6
The Real Estate God
2 years
One of the biggest mistakes I see beginners make is not understanding the market cap rate If you don’t understand how the market values the property (the market cap rate), you’re going to lose money Here’s why:
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@TheRealEstateG6
The Real Estate God
2 years
HOW PRIVATE EQUITY FIRMS ANALYZE DEALS: Most important metrics: 1. Stabilized cap rate (yield): Since we focus on value add, the entry cap doesn’t matter, as long as we can service our debt The stabilized yield matters because it shows the intrinsic cash flow of the deal
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@TheRealEstateG6
The Real Estate God
6 months
New Years Gift. I’ve lost a lot of money over the course of my life. Here are some guardrails so that you can avoid that: - never invest in an asset that isn’t backed by cashflow - consult 3-5 people you trust before making an investment that constitutes more than 10% of your
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@TheRealEstateG6
The Real Estate God
1 year
What's the relationship between cap rate, return on cost, and stabilized yield? This is arguably the most important relationship in real estate and most people don’t understand it at all It’s actually really simple // THREAD //
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@TheRealEstateG6
The Real Estate God
9 months
Remember back years ago when I was presenting my first deal to my mentor and I showed him my expected profit on the deal He looked at it and goes, “$25k? What the fuck are you gonna do with that, buy a sandwich?”
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@TheRealEstateG6
The Real Estate God
9 months
One of the biggest places beginners get tripped up is the property tour. They don’t know what to look for and they don’t know what anything costs Here’s what to look for when touring a property so you can accurately price the renovation costs: Generally a renovation for a Class
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@TheRealEstateG6
The Real Estate God
4 months
HOW PRIVATE EQUITY FIRMS ANALYZE DEALS: Most important metrics: 1. Stabilized yield: Since we focus on value add, the entry cap doesn’t matter, as long as we can service our debt Stabilized yield matters since it shows the intrinsic cash flow of the deal Stabilized yield is
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@TheRealEstateG6
The Real Estate God
2 years
“Realistic” Why “being realistic” is actually highly irrational and why you never want to be the wildebeest on the Serengeti // THREAD //
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@TheRealEstateG6
The Real Estate God
3 years
The path that’s going to become increasingly common among talented people - Get high paying job - Stay 2-5 years to absorb as much knowledge as possible, save up as much as possible - Use savings runway to start a business with the knowledge you acquired - “retired” by mid 30s
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@TheRealEstateG6
The Real Estate God
3 years
US is in a huge pickle. Govs endless printing inflated asset prices astronomically Means that nearly everyone now makes more from their investments than from their job No ones making the connection, but that’s why productivity has fallen off a cliff - working isn’t “worth it”
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@TheRealEstateG6
The Real Estate God
10 months
You want to start your own real estate private equity firm but you don’t know how much it’ll cost Here’s how to think about start-up costs:
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@TheRealEstateG6
The Real Estate God
3 years
One of the biggest lies ever is “you have time” You don’t have time. In fact, time is your most precious resource If you don’t get started immediately, you pay a massive “time tax” in the form of lack of compounding. Time will eat you alive if you’re not careful
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@TheRealEstateG6
The Real Estate God
9 months
If you don’t see this coming I don’t know what to tell you The future is going to be separated into people who can make money for themselves and people who can’t Cultivate a money-making skill and double down Otherwise not going to be pretty
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@TheRealEstateG6
The Real Estate God
6 months
Convinced that if any relatively smart young person started any kind of service business, they’d be making $300k minimum within 3-5 years Just need to: 1. Pick up the phone 2. Do what you say you’re going to do 3. Work hard 4. Actively hunt for new business Not rocket science
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@TheRealEstateG6
The Real Estate God
9 months
Literally everyone on earth on the way up: “wait to buy until there’s blood on the streets” Now that the opportunity’s actually here: crickets People really can’t do it. No matter how much they read, they let emotions get the best of them during a market cycle. Crazy to watch
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@TheRealEstateG6
The Real Estate God
1 year
One decent sized liquidity event by 30 and you’re set for life From 22 to 30, that’s all you need to do. 8 years to generate one liquidity event Really not that hard when you frame it that way
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@TheRealEstateG6
The Real Estate God
8 months
The excuse timeline: - early to mid 20s: “I’m young and want to have fun” - mid 20s to early 30s: “I need more experience before doing my own thing” - 30+: “I have kids and don’t have any time” The proven path to never hitting your full potential
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@TheRealEstateG6
The Real Estate God
9 months
Once you’re past the age of 25, your focus should shift entirely from having a high salary to acquiring and creating assets By that point you should have realized you’re never going to make it off W-2 income Only option is to join the capital-multiplying business
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@TheRealEstateG6
The Real Estate God
10 months
An extremely thin deal just closed in my market. The buyer paid $6.2MM (52-unit deal, $119k/key) They overpaid (my bid was substantially lower than the sale price) Here's why and here's what I'd pay for it:
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@TheRealEstateG6
The Real Estate God
9 months
This is what people don’t get about the real estate private equity model Even on a mediocre deal you still make a ton of money Deal-level returns: 12% IRR, 1.4x equity multiple Sponsor still makes ~$700k profit, 3.6x equity multiple over 3 years. And then pays no tax on it
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@TheRealEstateG6
The Real Estate God
5 months
Was out golfing with a guy yesterday who owns a collection of 50 units all stabilized to a 20%+ yield. Insane numbers Guy didn’t even know what stabilized yield was, just “buys deals that cashflow” Portfolio worth almost $10MM (no debt). So many people like this across the US
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@TheRealEstateG6
The Real Estate God
8 months
Person A works really hard all year at a company, makes $100k Person B buys a $1MM property for $750k (25% discount). At acquisition, he made $250k Person B’s one action was more important financially than every other action Person A made the entire yr High leverage decisions
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@TheRealEstateG6
The Real Estate God
7 months
Graduate college at 22. Get a job, spend 2-3 yrs trying to start business on the side (few yrs of mistakes is inevitable) Iterate, start your real business by 25 5 yrs of running a business before 30 & you’re pretty much unstoppable If you’re young, hammer this into your head
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@TheRealEstateG6
The Real Estate God
2 years
Every single one of my most talented friends is either already running their own business or planning their escape from their job Corporate world is completely cooked talent-wise
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@TheRealEstateG6
The Real Estate God
2 years
Started my firm in May of last year Have almost 100 units under management Still no name, no website, no logo, no business cards Focus on what’s important, ignore everything else
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@TheRealEstateG6
The Real Estate God
4 years
// THE BUSINESS OF HAVING A CAREER VS THE BUSINESS OF MAKING MONEY // Why most people are in the business of having a career when they should be in the business of making money
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@TheRealEstateG6
The Real Estate God
1 year
I just submitted an offer on a 105 unit deal. If it goes through, the profit will be $8MM Here’s how the numbers break down:
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@TheRealEstateG6
The Real Estate God
3 years
Most people would be far wealthier if they dropped everything and went absolutely all-in for 2-7 years on a business Instead of half-assing their career for 40 years But half-assing is easier and the path of least resistance, so they never reach their true potential
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@TheRealEstateG6
The Real Estate God
3 years
Interest rates are near all time lows (~3%). Stated inflation is 5% (in reality way higher) Seems like the way to win couldn't be simpler, but a startling percentage of the US (90%+) can't figure out what they need to do in this situation: Use cheap debt to buy inflating assets
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@TheRealEstateG6
The Real Estate God
10 months
The playbook: 1. Salary —> building a business 2. Business cashflow —> buying assets 3. Asset cashflow —> buying more assets Money moving at all times, money being reinvested at all times Millionaire easily in 10 years if you follow it religiously
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@TheRealEstateG6
The Real Estate God
10 months
Step 1: Start a business that cashflows day 1 (service business, etc) Step 2: Start small PE firm that funnels the business cash flow into the GP stake in deals Step 3: Use LP equity leverage to rapidly multiply your capital From $0 to multi million dollar net worth in 3-5 yrs
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@TheRealEstateG6
The Real Estate God
2 years
Remember back years ago when I was presenting my first deal to my mentor and I showed him my expected profit on the deal He looked at it and goes, “$25k? What the fuck are you gonna do with that, buy a sandwich?”
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@TheRealEstateG6
The Real Estate God
4 months
Once you’re past the age of 25, your focus should shift entirely from having a high salary to acquiring and creating assets By that point you should have realized you’re never going to make it off W-2 income Only option is to join the capital-multiplying business
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@TheRealEstateG6
The Real Estate God
2 years
Newest deal my mentor is working on: Large plot of vacant land. Negotiated a ground lease with owner at ~$150k/yr Getting a relationship tenant to come in, build a $25MM facility and lease from him for 50 yrs for $1.5MM/yr ~$1.3MM passive income for next 50 yrs with *$0* down
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@TheRealEstateG6
The Real Estate God
3 years
Gov prints money to give stimulus to the poor Printing $$ —> inflation —> assets inflate —> rich gets richer & Stimulus —> poor buy goods —> goods inflate EBITDA of company —> rich get richer Stimulus hurts the poor. Never going to get better until population understands that
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@TheRealEstateG6
The Real Estate God
7 months
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 Everything’s fine with the property but the seller made 1 massive error in his lease that’ll cost him $1MM
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@TheRealEstateG6
The Real Estate God
3 years
If I were giving advice to myself in college: - first step is high paying job, second is starting a business - debt is your friend - multiple streams of income is a requirement - funnel all savings into high conviction bets - owning equity is everything - always bet on yourself
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@TheRealEstateG6
The Real Estate God
3 months
HOW PRIVATE EQUITY FIRMS ANALYZE DEALS: Most important metrics: 1. Stabilized yield: Since we focus on value add, the entry cap doesn’t matter, as long as we can service our debt Stabilized yield matters since it shows the intrinsic cash flow of the deal Stabilized yield is
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@TheRealEstateG6
The Real Estate God
2 years
From the beginning I’ve ignored every traditional “money rule” Have never put a dollar into a 401k Don’t use credit cards Don’t own a single stock Use a ton of debt Literally the only thing I do is aggressively pursue equity positions in as many assets as possible. And it works
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@TheRealEstateG6
The Real Estate God
9 months
If I were giving advice to myself in college: - first step is high paying job, second is starting a business - debt is your friend - multiple streams of income is a requirement - funnel all savings into high conviction bets - owning equity is everything - always bet on yourself
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