Aleksey Chernobelskiy @chernobelskiy Twitter profile

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Aleksey Chernobelskiy

6 months

You just sold a $11MM property and decided to 1031 to avoid paying taxes Surely you can't lose it all, right? Wrong Here's a story I heard recently where this exact thing happened

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Aleksey Chernobelskiy

@chernobelskiy

1 year

A scary story: - Blackstone buys these in 2014 - Class A office towers in Cali - Sold days ago at 36% discount If this is happening with Class A office in Santa Ana, what's next for Class B/C...

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Yet another scary story: - Building bought for $35M in 2001 - Class A, downtown Louisville - Building just sold for $9M ($24 psf) Real estate doesn't always appreciate

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Aleksey Chernobelskiy

@chernobelskiy

2 years

Once sat next to a guy on a flight who pulled up his personal Chase account He had $300,000,000 in his checking 🤯 Still regret not getting his story Flights are a phenomenal networking opportunity

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Aleksey Chernobelskiy

@chernobelskiy

9 months

@BillAckman Today we learned what happens when you piss off an activist investor Congrats Bill, and thanks to @elonmusk for the only free speech platform that enables this!

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Aleksey Chernobelskiy

@chernobelskiy

10 months

Is it normal to pay ~$25k/yr in health insurance for a family of 5 as an entrepreneur? Crazy

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Aleksey Chernobelskiy

@chernobelskiy

3 months

If you want to get some motivation, head over to fatFIRE ...never fails

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Aleksey Chernobelskiy

@chernobelskiy

3 months

What stage of wealth is this?

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Aleksey Chernobelskiy

@chernobelskiy

10 months

@BillAckman Welcome to don't mess with an activist 101 The class is in session

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Aleksey Chernobelskiy

@chernobelskiy

2 years

Elon not paying Twitter building's rent just got juicer The building owner, Columbia Property Trust, defaulted on their loan Join me for a journey down single tenant lease risk and negotiations:

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Aleksey Chernobelskiy

@chernobelskiy

3 months

Half of entrepreneurship is basically believing in yourself to a degree most would consider illogical

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Aleksey Chernobelskiy

@chernobelskiy

11 months

Artem just committed suicide because of financial challenges He had a huge heart I just called someone who's going through a hard time financially to check in on them, and recommend you do the same Sometimes we talk about distress without remembering the lives underneath it

Moses Kagan

@moseskagan

11 months

Am writing w incredibly sad news: Our friend @ArtemTepler is no longer w us. Will post a link to GoFundMe below to help his partner & young daughter. Hope you will join me in giving what you can. Pls like, RTs, etc. for distribution, so we can raise as much $ as possible.

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Aleksey Chernobelskiy

@chernobelskiy

6 months

If the answer to this is no, the rest of us are rekt

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Aleksey Chernobelskiy

@chernobelskiy

2 years

Sent a real estate deal to a major NY investor this week.. 100 miles from their NY home Response: At this time we are only investing in Red states. We are no longer putting money into NY given the obnoxious political landscape and culture. Yikes

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Aleksey Chernobelskiy

@chernobelskiy

5 months

Ngl posts like these on Reddit are wild lol

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Aleksey Chernobelskiy

@chernobelskiy

10 months

@BillAckman @Penn What about @MIT and @Harvard ?

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Aleksey Chernobelskiy

@chernobelskiy

1 year

I rarely turn down requests for help However, many times I offer 5am as a time to talk If you can't get up at 5am to get help, I'm not interested in speaking

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Aleksey Chernobelskiy

@chernobelskiy

9 months

How old were you when you realized that most high paying career and entrepreneurial paths include sales?

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Aleksey Chernobelskiy

@chernobelskiy

1 year

If I'm a lender sitting on a fixed 2.25% mortgage with 28 years remaining, why wouldn't I incentivize the borrower to prepay the mortgage at a discount? Curious to hear your opinion

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Aleksey Chernobelskiy

@chernobelskiy

2 years

Who bought this.. I want to meet them

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Aleksey Chernobelskiy

@chernobelskiy

2 years

Best part: he was flying economy

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Scary graph

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Aleksey Chernobelskiy

@chernobelskiy

1 year

@Molson_Hart If you haven't read the book on Jim Simons, I highly recommend it The summary: - Very accomplished mathematician - Started Renaissance at 40 y/o - 12 years later, all of his efforts were failing - Went on to make 60% returns An incredible read

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Aleksey Chernobelskiy

@chernobelskiy

9 months

This tweet helped me find insurance for $7k/yr with same coverage What I learned: if you're generally healthy, don't use the healthcare dot gov channel (I assumed that was the only option!)

Aleksey Chernobelskiy

@chernobelskiy

10 months

Is it normal to pay ~$25k/yr in health insurance for a family of 5 as an entrepreneur? Crazy

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Every time there's a layoff announcement, I can't help but think one thing: As much as you want to believe otherwise after working that 80 hour week, your relationship with your employer is one sided

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Aleksey Chernobelskiy

@chernobelskiy

1 year

"Buy rentals, then quit your 9-5" Here's a clear counterexample: - A friend bought a house to live in - Then had to move - Mortgage: $3,500 - Market rent: $3,000 And don't forget, things break sometimes Don't forget to tell both sides of the story

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Aleksey Chernobelskiy

@chernobelskiy

8 months

Hearing about cases in Florida where insurance costs for multifamily properties have risen to 40% of a given tenant's rent on a per unit basis 40% of a tenant's rent going straight to insurance... not sustainable This isn't talked about enough

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Aleksey Chernobelskiy

@chernobelskiy

3 months

You're 24 years old and just got 1.2 million ... what would you do next?

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Aleksey Chernobelskiy

@chernobelskiy

7 months

@TripleNetInvest BREAKING: San Francisco has been foreclosed on and is being handed over to its lender, Florida

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Aleksey Chernobelskiy

@chernobelskiy

1 year

As promised, time to look at a live real estate deal together Address: 3610 Bush Street Raleigh, NC Price: $5.8MM, or $247/SF NOI: $406,028 Here's why I don't think this office investment makes financial sense:

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Aleksey Chernobelskiy

@chernobelskiy

9 months

An investor in my neighborhood: - bought house for $1 million - did nothing to it - sold house for $1.45 million ~45 days later Maybe we're all in the wrong industry?

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Aleksey Chernobelskiy

@chernobelskiy

9 months

@SullyBusiness I'm going to be a millionaire before I'm 20: 1) passive income 2) hustle 3) be GC's daughter

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Aleksey Chernobelskiy

@chernobelskiy

8 months

just got off of a call with an LP facing a capital call on a syndicated property the property is GENEROUSLY worth ~30% of ... the senior loan as much as I wish I could say it's not bad, it's pretty bad

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Best GP/LP alignment of interests waterfall I've seen so far: 1) Return of capital to LP 2) Very high annual pref to LP (accruing 15%+) 3) 100% of proceeds going to GP thereafter Unless the LP makes 15% per annum, GP is literally making $0 Oh, and guess what - NO FEES!

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Aleksey Chernobelskiy

@chernobelskiy

6 months

I'm not sure I've ever seen a larger public flex than casually paying $276 million to the IRS ... am I wrong?

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Aleksey Chernobelskiy

@chernobelskiy

1 year

On an insane cold call Guy bought a piece of land for $30k in the 1990s Recently sold for $9,000,000 Patience pays off

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Aleksey Chernobelskiy

@chernobelskiy

3 months

Your occasional reminder that insider trading is legal in real estate Here's an example:

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Aleksey Chernobelskiy

@chernobelskiy

1 year

We are not alright, and this video made me cry We will never forget those that spoke up

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Aleksey Chernobelskiy

@chernobelskiy

10 months

List of things I don't miss from corporate: - holiday parties - all-nighters for an irrelevant task - figuring out when to bring up a great idea to a higher up based on the time of day/year and their relative stress levels What did I miss?

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Aleksey Chernobelskiy

@chernobelskiy

9 months

@TikTokInvestors When I say I'm not paying for it, I mean that I'm paying for it WHAT'S SO HARD TO UNDERSTAND ABOUT THAT

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Aleksey Chernobelskiy

@chernobelskiy

7 months

Who else is a victim of this haha 👀

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Aleksey Chernobelskiy

@chernobelskiy

1 year

I've never cold called in my life, but started on Monday Here are the stats: - 61 calls - 6 leads - 1 meeting - 1 offer 🔥 Top 5 lessons I learned this week:

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Aleksey Chernobelskiy

@chernobelskiy

8 months

@realEstateTrent class c-d multifamily in blue states (sorry, but it's true)

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Are you sending your kids to college? When I was in college my answer would've been yes Today, I'm at about 60% no

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Aleksey Chernobelskiy

@chernobelskiy

11 months

My LP followers are actively looking to invest $$$ If you're a GP: - introduce yourself/strategy in the comments - if you're registered as 506c, you can tell us details about a specific deal you're working on LPs: introduce yourself below too October's post got 50k views!

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Aleksey Chernobelskiy

@chernobelskiy

10 months

The craziest part of this video is that this happens often, and many municipalities allow this to go on for months

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Aleksey Chernobelskiy

@chernobelskiy

2 years

"What would be the best way of getting in touch? I probably shouldn't say this, but while we were speaking I noticed that you get several emails per second." Him, with a smile that I never forgot: "Just follow up, I'll notice it eventually!" Remember: just follow up!

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Turned 34 today Three days ago, I started cold calling for the first time in my life Never too late to start something new

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Aleksey Chernobelskiy

@chernobelskiy

2 years

If you don't understand this, don't take my LP check

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Aleksey Chernobelskiy

@chernobelskiy

8 months

My LP followers are actively looking to invest $$$ If you're a GP: - introduce yourself/strategy in the comments (be mindful about specifics if you're not 506c) LPs: - introduce yourself below too Last post got 160k views & I'll share it with my email list as well

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Aleksey Chernobelskiy

@chernobelskiy

11 months

@GuyDealership How it started vs how it's going

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Aleksey Chernobelskiy

@chernobelskiy

2 years

@baldridgecpa Incredible that student loan payments exist, period Pretty close to a fraud when you're charging interest on a nearly worthless education I think that tuition per degree should be driven by outcomes.. imagine that!

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Aleksey Chernobelskiy

@chernobelskiy

1 year

More from Cold calling day 2: - Guy hangs up on me - I follow up with email starting with "I used to get cold calls all the time, apologize if I caught you at a bad time" and then go into the details - Guy emails me back immediately and apologizes LET'S GOOOO 🔥

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Aleksey Chernobelskiy

@chernobelskiy

11 months

Hearing rumors about a 20 property multifamily portfolio going back to the bank The first thought that pops into my mind is all the LP capital that'll be lost - half of them probably have no idea that the news is coming Don't DM for the GP name, I won't give it out

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Ready for a crazy story? - Guy buys vacant building for ~$5mm - Submits app for a govt agency need - Govt agency signs 15yr lease Basis after TIs: $10mm Building worth: $40mm+ All in one year! Welcome to CRE 🤘

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Seeing a lot of NYC hate recently In January I had 10 meetings in one day, including: - Apollo - Angelo Gordon - Blackstone - Brookfield - Goldman Sachs - Carlyle Where was I? NYC Find me another place in the world where this is possible

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Aleksey Chernobelskiy

@chernobelskiy

10 months

@rohindhar I think 50%+ of first-time homebuyers in the past 5 years didn't realize (or still don't) that their mortgage payment isn't actually fixed and can go up due to insurance and property taxes...

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Me after first day of cold calling

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Texted a friend who bought a house last year in Miami about what's going on with insurance Him: what do you mean, my payment is fixed ☠️☠️

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Many of you know that I'm Jewish Most of you probably don't know that I became religious later in life (post college) A part of being religious is wearing a kippah (head covering) which makes me very identifiably Jewish I usually feel safe, but when you watch things like

Alex Cohen

@anothercohen

1 year

Openly laughing and cheering at a mass execution at a musical festival

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Aleksey Chernobelskiy

@chernobelskiy

1 year

How to spot a finance bro: 1) Patagonia vest 2) Hair looking better than your gf's 3) On/Hoka shoes What did I miss?

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Hit me with your take on whole life insurance

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Aleksey Chernobelskiy

@chernobelskiy

2 years

Spoke to a top bankruptcy real estate attorney in Phoenix He has never seen the number of bk filings as there were in December in several decades Happy Friday, RETwit 😎

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Aleksey Chernobelskiy

@chernobelskiy

1 year

House near me just got listed... here's the first sentence: SELLER WILL CONTRIBUTE $10,000 TOWARDS BUYERS CLOSING COSTS TO BUY DOWN INTEREST RATE! Hard to make this up lol

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Aleksey Chernobelskiy

@chernobelskiy

1 year

15 cold calls in today... with 0 pick ups Not every day is easy guys, I promise

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Aleksey Chernobelskiy

@chernobelskiy

9 months

Seeing a trend of real estate gurus with challenges in their portfolios pivot to a totally different business ... feels like I have a deep enough sample size to call this a red flag at this point

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Aleksey Chernobelskiy

@chernobelskiy

10 months

@SMB_Attorney Came to US at 11 (without connections etc) I think she honestly makes some great points here: 1) educating people on career possibilities is a thing 2) putting the above aside, title inflation has gotten out of control and there's a good chance that sr person isn't very sr

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Aleksey Chernobelskiy

@chernobelskiy

9 months

@RobertMSterling it's XLOOKUP now brah

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Aleksey Chernobelskiy

@chernobelskiy

11 months

I should note that the person I called told me his next door neighbor just committed suicide two days ago CHECK IN ON YOUR FRIENDS GUYS!!! Do it now

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Aleksey Chernobelskiy

@chernobelskiy

2 years

Every $50mm+ net worth person either uses a yahoo or aol account

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Aleksey Chernobelskiy

@chernobelskiy

2 years

@GuyDealership That's my mortgage payment lol painful to see folks making such financial decisions

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Aleksey Chernobelskiy

@chernobelskiy

4 months

Hearing about two large syndicators that are months away from (officially) losing hundreds of millions of equity capital Likely thousands of LPs in these deals that have no clue this is coming If you know anything about the situation please reach out

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Aleksey Chernobelskiy

@chernobelskiy

10 months

Slowly coming to the conclusion that most of AUM numbers are fake

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Aleksey Chernobelskiy

@chernobelskiy

2 years

AZ multifamily prices down 20%+ YTD per local landlord.. wow 🤯

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Aleksey Chernobelskiy

@chernobelskiy

10 months

Me slightly unhinged: The fact that you can make up a totally fictional character, copy other people's work while sounding extremely set in your opinion, and then monetize the account is absolutely sick I've been here for ~18 months and I'm here for real people. I could care

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Aleksey Chernobelskiy

@chernobelskiy

2 years

I once visited one of the top Goldman Sachs executives. When I left, he asked to keep in touch The problem: I noticed that his emails were literally running through the screen as we spoke 1-2 emails per second. So, I asked him a question that changed my life:

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Aleksey Chernobelskiy

@chernobelskiy

2 years

$1b STNL portfolio trading at 7.1% cap with IG leases.. It's a new world, ladies and gentlemen

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Aleksey Chernobelskiy

@chernobelskiy

9 months

@BillAckman @Harvard Don't mess with an activist investor 101

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Aleksey Chernobelskiy

@chernobelskiy

9 months

Here's a reason to bet on yourself: Self-employed Americans make up less than 20% of the workers in the United States, but account for two-thirds of the millionaires.

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Aleksey Chernobelskiy

@chernobelskiy

1 year

I once got an offer after 10 rounds of interviews A day before round 10, I got introduced to another company that gave me an offer in 2 days I took the second offer

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Cold Calling Day 3: Me: "Have you considered selling your property?" Owner: "Stop by tomorrow, let's discuss" 1st call of the day.. let's GOOO! 🫡

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Is this normal?! Construction workers deserve a raise man

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Aleksey Chernobelskiy

@chernobelskiy

2 years

Can someone explain the 37% here? Are you basically stating that people should "do your own dd on a bank?!" Show me your models on the banks you have your money at..

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Aleksey Chernobelskiy

@chernobelskiy

8 months

I interrupt our regularly scheduled programming to remind you to spend time with your loved ones I lost my grandma yesterday, lost my dad while I was in college Call someone to say hi, the work will always be there - try to live your days as if they're your last

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Aleksey Chernobelskiy

@chernobelskiy

10 months

Getting a ton of "that's normal" and quite a few of "that sounds cheap" Much easier to ignore this when the employer pays most of it... 🤯

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Aleksey Chernobelskiy

@chernobelskiy

1 year

I am now 6 for 6 on this opener: "Hi there, this is actually a cold call. Can I have 10 seconds with you?" You're welcome 😘

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Aleksey Chernobelskiy

@chernobelskiy

10 months

RETwit is getting ridiculous .. feels like kindergarten

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Aleksey Chernobelskiy

@chernobelskiy

1 year

@GuyDealership

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Aleksey Chernobelskiy

@chernobelskiy

8 months

How old were you when you realized that most people are just figuring it out despite all of their accolades and successes?

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Aleksey Chernobelskiy

@chernobelskiy

1 year

@paulg Can be done much cheaper at scale too I like this a lot

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Cold Calling Day 2: Owner: "How the f&^% did you get my number?!" Me: "The internet" Owner: "Do you have my email? Send me a note" Interesting turn of events 🔥

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Aleksey Chernobelskiy

@chernobelskiy

1 year

An even scarier part of this story: - these traded for $183.8mm in '07 - recent trade was $82mm That's a 65% discount in 15 years... When someone tells you real estate always goes up, be careful...

Aleksey Chernobelskiy

@chernobelskiy

1 year

A scary story: - Blackstone buys these in 2014 - Class A office towers in Cali - Sold days ago at 36% discount If this is happening with Class A office in Santa Ana, what's next for Class B/C...

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Aleksey Chernobelskiy

@chernobelskiy

4 months

A friend of mine searched for a job for months, finally landed something paying $200k+... only to get laid off months later due to a company restructuring As much as you want to believe otherwise after that 80 hour week, your relationship with your employer is ~one sided

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Any interest in me ripping a real estate deal apart in public? lol

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Aleksey Chernobelskiy

@chernobelskiy

8 months

Sunbelt multifamily capital stacks

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Aleksey Chernobelskiy

@chernobelskiy

1 year

Cold calling is insane - Yesterday: 28 calls led to 8 conversations - I thought that was a pretty good... - Today: I get a call back from a voicemail I left Guy is looking to sell now Who's hungry for Phoenix industrial?🔥

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Aleksey Chernobelskiy

@chernobelskiy

8 months

Not sure how I missed this one

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