Alec McElhinny @alecjmcelhinny Twitter profile

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Alec McElhinny

@alecjmcelhinny

10 months

The issue with these “development gurus” is that they falsely make the hardest value add in real estate sound easy. Guru: Buy land at price = $5/ft and you will make millions 🤑 Me: Buy land at price = Max Project Cost of Total Land Acquisition - Site Prep - Tap Fees - Holding

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Alec McElhinny

@alecjmcelhinny

10 months

Under contract: Price: $900,000 Terms: purchase upon rezoning, seller finance Zoning: R1 Goal: Flex Space

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Alec McElhinny

@alecjmcelhinny

9 months

@Esqueer_ @ashertwilde So it may be a promoted tweet, but that effectively works like a Super Bowl add. Companies will pay a premium to be in a promoted tweet like a Super Bowl add to be viewed by you. Your preferences decide what promoted add comes through. Kids would not see a dildo.

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Alec McElhinny

@alecjmcelhinny

9 months

Best ways to finance your next development: 4. OZ fund: sounds tax sexy but you are stuck with investors for 10 years. You give up 35-70% equity based on TVM 3. Syndicate: 🥱 0% down, give up 20-40% equity 2. Partner with land owner and use him as KP: 0% down, give up 20-30%

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Alec McElhinny

@alecjmcelhinny

11 months

What makes the most money in real estate? Funds 💰= $$$$$ Development 🏗️ = $$$$ NNN 🏭 = $$$ Apartments 🏘️ = $$ SFR 🏡 = $ StripMallGuy Intern = $70k What’s your take?

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Alec McElhinny

@alecjmcelhinny

9 months

@Esqueer_ That’s based of your preferences, not Mr Beast

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Alec McElhinny

@alecjmcelhinny

9 months

If you think development is easy, go to your local civil engineer and ask him about all the projects failing in town. They are almost always new people who thought development would be easy. Developing isn’t easy, it is the hardest value add in real estate.

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Alec McElhinny

@alecjmcelhinny

9 months

When interest rates dropped, there was an incredible two year period to buy an asset at an 8 cap and then sell at a 6 cap by offering seller financing, so long the building could appraise. When rates are high, the reverse process is the arbitrage. What incredible times we live

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Alec McElhinny

@alecjmcelhinny

9 months

Our boi is workin hard

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Alec McElhinny

@alecjmcelhinny

10 months

@RAWB888 @TeebsMcGeebs @PicturesFoIder

Danmar Soft Shell Helmet for Children and Adults (Small, Royal Blue)

The soft shell helmet from Danmar is Made in the US. Varies by sizes but helmets on averages weigh only 8 ounces. These helmets are fully ventilated while providing head coverage for safety! Helmet...

www.amazon.com

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Alec McElhinny

@alecjmcelhinny

10 months

Younglings- take note. Xtwitter is a once in a lifetime opportunity to reach out to the most successful experts 👇🏽👇🏽 I have skipped steps because of amazing people off xtwitter

Aleksey Chernobelskiy

@chernobelskiy

10 months

3) form relationships, and realize that most of them must be made through cold emails / cold calls ... The younger you are when you reach out, the higher likelihood of success

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Alec McElhinny

@alecjmcelhinny

9 months

. @REExchangor blew my mind again 👇🏽👇🏽 this strategy saves from risk of a taxable event from a construction 1031. If you are dev… learn this

Jason Dillard

@REExchangor

9 months

@ZeroBasis @KrissBergTweets @Wildlaw406 Can’t exchange into what you already own. Better idea is to create big paper on prop 1. Buy with paper from 1 a new prop 3. Sell prop 3 for cash. Use cash on prop 2 construction.

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Alec McElhinny

@alecjmcelhinny

8 months

The walking debt formula.

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Alec McElhinny

@alecjmcelhinny

8 months

Do ROFRs work? Let’s ask Amazon when they need that exact parcel for their data center

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Alec McElhinny

@alecjmcelhinny

11 months

My focus for 2024: Asset Class: flex space and industrial - gotta focus Value Add Type: ground up or heavy value add - 🤬low hanging fruit Financing: paper & creative - love you long time @CaseyMericle & @REExchangor Deal Sourcing: brokers - iykyk Mindset: ♾️

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Alec McElhinny

@alecjmcelhinny

10 months

Must-Attend Real Estate Events 🏆 1. SEC (Society of Exchange Counselors) 🤝 2. Anything Jason Dillard 🤯 3. NCE (National Council of Exchangors) 💼 4. ICSC (International Council of Shopping Centers) 🛍️ 5. Local Exchange Meetings 🌐 6. Pete Fortunato Paper Class 📝 What’s

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Alec McElhinny

@alecjmcelhinny

10 months

Where there is no vision, the people perish

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Alec McElhinny

@alecjmcelhinny

10 months

Last tip if you are in your 20s, unfollow Max’s hacked account @maxfisherRE and follow the real @MaxFisherCRE 👇👇

Warehouse Max Fisher

@MaxFisherCRE

10 months

This was my last year in my 20’s The decisions I made in my 20’s put me in a position I thought I wouldn’t be in till I was in my 40’s Here’s everything I’ve learned in my 20’s 🧵

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Alec McElhinny

@alecjmcelhinny

10 months

Offer accepted :) @CaseyMericle and @REExchangor where should I walk this to?

Mr Leslie Groves

@MrLGroves

10 months

Offer accepted! Price: $825,000 Land: 3.11 acres Zoned: C-2 #CREX

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Alec McElhinny

@alecjmcelhinny

10 months

@TheRealEstateG6 Have a private jet and Rolexes and I will watch ✅

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Alec McElhinny

@alecjmcelhinny

9 months

I just got drinks with Faraz in DC. Very smart and an exceptionally great connector. After 2 hours I know half of the DC real estate community and have a land deal I need to pro forma 😉 Hit up Faraz for deals in DC 👇🏽👇🏽

Faraz Cheema, MSRE, CCIM, SIOR

@FarazUCheemaCRE

9 months

This is something I always have been a big believer of, always acknowledge people who have helped you along the way because as @BobKnakal said it, no one can do it themselves.

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Alec McElhinny

@alecjmcelhinny

10 months

If solar was such a good investment…

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Alec McElhinny

@alecjmcelhinny

1 year

@SimpleCRE I heard that if you buy the entity that owns the real estate, the transfer isn’t recorded with the county and the taxes don’t go up. Thoughts?

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Alec McElhinny

@alecjmcelhinny

9 months

Does anyone want to buy a property at a lower price? If the seller can do seller financing, I will buy at the high price and sell to you at the lower price you want. DM me!

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Alec McElhinny

@alecjmcelhinny

11 months

Under contract for a development

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Alec McElhinny

@alecjmcelhinny

9 months

Looking for someone to take a $750,000 lien in exchange for equity in a flex development. 6% IO 3 year term with extension #XanderBoard #Solutions

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Alec McElhinny

@alecjmcelhinny

9 months

When someone says they “sell paper” on a property they own, that means they refinanced their property with a “private mortgage”. Eg. I own 2 million dollar strip mall, created paper of 1.5 million with 75k payments a year means: I have a 2 million dollar strip mall and

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Alec McElhinny

@alecjmcelhinny

10 months

@MaxFisherCRE Where can I venmo

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Alec McElhinny

@alecjmcelhinny

11 months

@CaseyMericle @re_exchangor @JeppsenJonny @REExchangor You did great. If there is a way to make this a regularity, that would be sweet. People would be more a costumed to sharing deals. Thank you Casey!

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Alec McElhinny

@alecjmcelhinny

10 months

Special 😘 to: @artyomka26 @REExchangor @CaseyMericle @tyleralley24 @RE_Deal_Junkie @ChadGriffiths

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Alec McElhinny

@alecjmcelhinny

11 months

@_apryor I’m entitled

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Alec McElhinny

@alecjmcelhinny

10 months

@JeppsenJonny @DontscalebizGuy @gas_biz I haven’t been to church in a while, and thinking of going next week. Appreciate you!

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Alec McElhinny

@alecjmcelhinny

8 months

@BobKnakal You became too big of a star for JLL. Looking forward to seeing what you do next 🫡

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Alec McElhinny

@alecjmcelhinny

10 months

@SethLaceyCRE I am seeing socials saying boutique being a better option to get into acquisitions and developing. The freedom in a boutique is also nicer

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Alec McElhinny

@alecjmcelhinny

10 months

@DallasAptGP @_apryor We are trying it with flex. We are putting solar on the roof

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Alec McElhinny

@alecjmcelhinny

10 months

@artyomka26 @bridgelenderguy To buy land, build, tap fees and permits, paying interest, broker sales and leasing I have $106/ft. What are you seeing?

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Alec McElhinny

@alecjmcelhinny

10 months

@ThinkAppraiser That was the first community note that ever made logical sense. Thank you X lol

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Alec McElhinny

@alecjmcelhinny

8 months

I have an off market site planned approved self storage deal. The current owner put $4 million all in to buy, site prep, and get plans county approved. 100,00 SF of two story self storage @Xander_Board

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Alec McElhinny

@alecjmcelhinny

9 months

Just did a podcast with @TheCaubleGroup ! Thank you for having me on 🔥

Reviewing A Flex Industrial Development Project (Office Hours)

Let's dive into whatever questions you have around commercial real estate brokerage, investments, etc. // Learn how to confidently buy your first property wi...

www.youtube.com

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Alec McElhinny

@alecjmcelhinny

1 year

@tyleralley24 Is your tax basis less than you are selling for? Options assuming REPS: 1. Depreciate current buildings to offset recap 2. Roll another building with equity to reset depreciation clock, and cost seg 3. Buy / assume it 😉

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Alec McElhinny

@alecjmcelhinny

9 months

@CaseyMericle @REExchangor In that one text, Jason closed three warehouses, a solar farm, and a couple chick file’s by shorting a triple wide

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Alec McElhinny

@alecjmcelhinny

10 months

If you haven’t followed this man @andrewmdunn_ , follow immediately 🚀🚀 I am still wrapping my head around our conversation

Andrew Dunn

@andrewmdunn_

10 months

Last year I completed my first land assemblage in Reno of three parcels totaling 48.81 acres. 30 acres are continuous and the 18.8 is on the other side of a building but are on the same street called Waltham Way in the Tahoe Reno Industrial Center which is all an Opportunity

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Alec McElhinny

@alecjmcelhinny

9 months

@MrLGroves @JeppsenJonny @REExchangor @CaseyMericle Me if @SpaceCoastCRE is Taylor swift

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Alec McElhinny

@alecjmcelhinny

9 months

@MrLGroves @JeppsenJonny @REExchangor @CaseyMericle The real question is who would be Taylor swift

Mr Leslie Groves

@MrLGroves

9 months

#SuperBowl #SuperBowl2024

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Alec McElhinny

@alecjmcelhinny

10 months

@gas_biz That would suck if it rains! long distance to walk

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Alec McElhinny

@alecjmcelhinny

9 months

. @artyomka26 and I have a property worth 3 million. Looking for a 1031 buyer to buy for 2.1 million 7 CAP absolute net lease. Any takers?

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Alec McElhinny

@alecjmcelhinny

1 year

@maxfisherRE Did a value add warehouse earlier this year. Looking at a small flex dev with Mr. Washington! Have a few pieces of land we are looking at.

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Alec McElhinny

@alecjmcelhinny

9 months

Don’t forget to sign up for FREE meeting in Florida! Alejandro leads it and it is a life changing meeting. I have met many good mentors there. Give Alejandro a follow- he is one of the best dudes I’ve met and genuinely cares for people and wants you to get a deal 👇🏽👇🏽

Alejandro Duque

@droduque

9 months

Love it. You don’t want to miss our next FREE meeting. 02/08 & 02/09. Couple of spots left, sign up now!

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Alec McElhinny

@alecjmcelhinny

10 months

@MaxFisherCRE I hope he bought some real estate 🙃

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Alec McElhinny

@alecjmcelhinny

10 months

@RE_Deal_Junkie @artyomka26 @REExchangor @CaseyMericle @tyleralley24 @ChadGriffiths ☝🏽☝🏽 follow this guy and he offers coaching for construction. If you don’t want to loose money in a failed development, hit up construction coach!

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Alec McElhinny

@alecjmcelhinny

9 months

@jefferydhughes Send it here 🤗

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Alec McElhinny

@alecjmcelhinny

10 months

@NeelBParekh Congrats on the family. You are a productive guy

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Alec McElhinny

@alecjmcelhinny

11 months

@_apryor Development projects that take 6 months :) flex rn

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Alec McElhinny

@alecjmcelhinny

10 months

@chernobelskiy @tyleralley24 @DallasAptGP @Holliday_Ryan 👀📝

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Alec McElhinny

@alecjmcelhinny

9 months

How do you plan your real estate / dev company for an exit? What multiple do people pay for that?

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Alec McElhinny

@alecjmcelhinny

8 months

Development creates walking debt. Acquisition value add eats it up.

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Alec McElhinny

@alecjmcelhinny

10 months

@RE_Deal_Junkie According to the last real estate meet up I went to… corn prices lol

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Alec McElhinny

@alecjmcelhinny

1 year

@maxfisherRE That’s what I am working on :)

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Alec McElhinny

@alecjmcelhinny

9 months

Cool idea for financing development: Negotiate seller finance. Pay your friend in equity to have the lien on their property instead of sellers property. Use the land for a 30% down payment for the bank and get fully financed 😘

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Alec McElhinny

@alecjmcelhinny

10 months

@_apryor @DallasAptGP JD is doing a solar roof in a OZ zone for industrial The credits on it I think are 30% base + 10% for American or 6 month international + 10% OZ zone + 10% coal zone +…etc

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Alec McElhinny

@alecjmcelhinny

11 months

Who wants a 6 part series on how to get your first CRE deal?

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Alec McElhinny

@alecjmcelhinny

9 months

@IsaacRatzan lol don’t listen to your professor. Read 30 minutes of @tyleralley24 and @REExchangor and ask a few questions a day. You will be a millionaire soon 😉

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Alec McElhinny

@alecjmcelhinny

10 months

@scottswag @WeddingVenueGuy Can’t wait to listen!

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Alec McElhinny

@alecjmcelhinny

10 months

@ConceptCoyote What is the all in cost including land for that? I do flex industrial dev

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Alec McElhinny

@alecjmcelhinny

10 months

@artyomka26 @tyleralley24 @RE_Deal_Junkie what other items would you add?

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Alec McElhinny

@alecjmcelhinny

10 months

@CaseyMericle If only you could walk a hangover…

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Alec McElhinny

@alecjmcelhinny

1 year

@REExchangor I would love to make it out :) I'll be pounding Jack Miller audio and those books till then so I can understand a little bit of what you are talking about. Have a great weekend!

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Alec McElhinny

@alecjmcelhinny

10 months

If replacement cost + your desired profit <= market price new build, develop If not, value add or gtf out of your market

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Alec McElhinny

@alecjmcelhinny

10 months

@artyomka26 @tyleralley24 @RE_Deal_Junkie 😳☝🏽

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Alec McElhinny

@alecjmcelhinny

1 year

@REExchangor Thank you Jason! It was very cool and inspiring to learn from you

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Alec McElhinny

@alecjmcelhinny

10 months

@AlexHormozi Yes :)

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Alec McElhinny

@alecjmcelhinny

10 months

@artyomka26 @RE_Deal_Junkie @warehousedevguy I’m not an expert but supply of non recourse debt (and other debt but less so) contributes to what funds can buy properties for, and they buy a huge volume of real estate. If you look at the 80s when cre debt collapsed, prices dropped like crazy. The reverse with Covid.

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Alec McElhinny

@alecjmcelhinny

10 months

@CarolWalshReal1 @JeppsenJonny @CaseyMericle Casey is a freak of nature :)

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Alec McElhinny

@alecjmcelhinny

11 months

@johnmckeeDC I’ll take a look to put an offer 😉

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Alec McElhinny

@alecjmcelhinny

10 months

@rei_mastermind Testicular torsion

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Alec McElhinny

@alecjmcelhinny

9 months

@DallasAptGP Next one is 69420 you got this!

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Alec McElhinny

@alecjmcelhinny

9 months

@scottswag @tyleralley24 Thank you for the insight Scott! So cool we get insight from giants like you guys :) Have a great week!

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Alec McElhinny

@alecjmcelhinny

10 months

@jasminelikepaul I started a couple companies

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Alec McElhinny

@alecjmcelhinny

10 months

@tyleralley24 @Holliday_Ryan @DallasAptGP 🤯 never heard of that! Looking into moic

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Alec McElhinny

@alecjmcelhinny

1 year

@CaseyMericle Casey is going to make me 🏦🔜 appreciate you!

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Alec McElhinny

@alecjmcelhinny

9 months

@JeppsenJonny @artyomka26 @CaseyMericle I’m messaging some smart people ☝🏽😉

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Alec McElhinny

@alecjmcelhinny

9 months

Left or Right?

Mr Leslie Groves

@MrLGroves

9 months

Which logo is better? #CREX

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Alec McElhinny

@alecjmcelhinny

1 year

@_apryor Are you in Destin right now? Here with Casey and SEC

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Alec McElhinny

@alecjmcelhinny

10 months

@TheHunterGore Working on one :)

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Alec McElhinny

@alecjmcelhinny

10 months

@tyleralley24 Lol yes it should. Sellers, listen to this man!!

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Alec McElhinny

@alecjmcelhinny

10 months

@tyleralley24 @SpaceCoastCRE Do ever use PlacerAI to contribute to decisions like this? One of my brokers just got it recently, and helping to see if a 3 acre site is good for service retail: like a Valvoline or o’reilys

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Alec McElhinny

@alecjmcelhinny

10 months

@CarolWalshReal1 @JeppsenJonny @CaseyMericle Jonny is a great guy. I talked with him for an hour a month ago and he just wants to pour into people. I learned a lot from him in that hour. Go Jonny 🫡

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Alec McElhinny

@alecjmcelhinny

10 months

@roshanpateI I need to get one of the minimum wage jobs

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Alec McElhinny

@alecjmcelhinny

10 months

@ChadGriffiths Thank you Chad!

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Alec McElhinny

@alecjmcelhinny

11 months

@jandreini1 @_apryor QSR 😎 that’s dope

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Alec McElhinny

@alecjmcelhinny

10 months

@_apryor @DallasAptGP We are doing one. I have a good attourney if you need one my guy

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Alec McElhinny

@alecjmcelhinny

9 months

Nice you just found a seller willing to do a seller finance! Where do you plan to walk that debt 🤔 👇🏽👇🏽

Jason Dillard

@REExchangor

9 months

Actual Deal Available: 1.3m NNN 8 cap Or a 1.1m NNN 7cap Or a 900k NNN 6 cap Which one will you choose? They are all the same property with a 120k NOI and 1.45m “Value”. When parking 1031 money, why not move price around to match buyers return/safety expectations?

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Alec McElhinny

@alecjmcelhinny

10 months

A buddy of mine got a 1.3 million SF data center contract to develop for the government. He can only use materials purchased from gov approved suppliers. There is a 30% markup on average for gov approved supplies. How can I supply to gov contracts for a 30% markup too 😂

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Alec McElhinny

@alecjmcelhinny

11 months

@StorageStache1 @dfkenn @cody_baird @ChrisRamsey60 @REExchangor do you have any thoughts?

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Alec McElhinny

@alecjmcelhinny

9 months

@JeppsenJonny @REExchangor @re_exchangor Been guilty of that. My process: 1. I read and realize I don’t understand real estate 2. I stare at the post for another 30 minutes 3. I reach out to an exchanger 4. Still don’t get it 5. Week later it clicks and I feel like I can take over Richmond ⚠️ 6. Jason posts again…

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Alec McElhinny

@alecjmcelhinny

10 months

@WilsonCompanies I’d rather inherit it and sell

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Alec McElhinny

@alecjmcelhinny

9 months

@JeppsenJonny @artyomka26 @CaseyMericle What up bro 😎

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Alec McElhinny

@alecjmcelhinny

10 months

College is the only way

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Alec McElhinny

@alecjmcelhinny

10 months

An end use buyer approached me and wanted a 20k SF sprinklered building. In this county, it costs an extra $600,000 + just in tap fees to add a sprinkler system. Another 100k+ to move the main. 🤯

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Alec McElhinny

@alecjmcelhinny

9 months

@JeppsenJonny @REExchangor @re_exchangor And by exchanger I usually specifically mean @artyomka26 or @CaseyMericle or @JeppsenJonny love you long time 😘

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