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Matt

@notyourCREguy

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Commercial Real Estate. ($80+ Million in transactions in 2023) | Tweets are my opinion, not advice. |

Joined March 2022
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@Budgetdog_ I think this is a useless stat (not your fault). The homes are "affordable" because no one wants to live there. Its simple supply/demand.
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CRE Broerkage companies should start all new agents on the following comp package: 1st year: 75k salary 10% commission split 2nd year: 60k salary 25% commission split 3rd year: 50k salary 50% commission split 4th year: no salary regular commission split It will breed more
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@HeroDividend Not if they keep producing woke crap.
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@FluentInFinance Real Estate first to build cash flow and then use the cash flow to invest in the stock market. Low cost index funds. Build up enough to retire from both then invest in businesses.
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@realEstateTrent Banks are quite literally just kicking the can down the road. They are offering monthly extensions. Idk what they think will change in a few months.
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@thejustinwelsh "why does it hurt to pee"
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@notyourCREguy
Matt
11 months
@gas_biz Seems like you just glossed over the fact at how hard it is to "broker" business sales.
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@girdley This also illustrates how elite organizations run. They are analyzing every aspect of that team to make sure to squeeze all efficiencies. Why? Because it’s a game of inches and one extra inch or 1% more can separate you from a Super Bowl championship
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@notyourCREguy
Matt
11 months
@realEstateTrent One question I have if about retention. If you pay this person 70K and give them the skills to make 200k-300k, how do you plan to retain them? I could easily see someone spending 1 year at your firm them leaving.
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@RyanHoliday This why doing hard things is so important. You must do stuff out of your comfort zone to prove to yourself you can accomplish things. Then stack this confidence into other things.
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@shawngorham I think pricing has not come down enough for there to be enough value add after construction. Also it’s hard to find cash flowing properties after the refi since rates are so high
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@FluentInFinance Make sure you get a tax strategist not just any CPA. CPA's will do your taxes and tell you what you owe but a good tax strategist will help you reduce your tax liability.
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@tyromper I have done this with reading this year. Always get anxiety when I was called on to read in class. I was always the slowest reader I knew. This year I decided to read 10 pages a day everyday. I have read 11 books this year and am about to finish #12 .
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@realEstateTrent He's not wrong. We know those Strip Malls are cash flowing nicely.
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Massive day on X for me! I know to all the big guys this seems like nothing but I gained over 20 followers! Thank you to everyone who is now following along and I hope you enjoy the content!
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CRE brokerage community! Can we all agree to have a max limit of 25 pages for any OM! No one reads them anyways...
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Want to know one of the biggest real estate growth hacks. Townships produce "future plan" documents where they say what they are going to do and where in their town. Find areas in front of the path of progress and buy before the prices increase. You will benefit!
Tweet media one
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@theficouple I couldn’t disagree more. I know a lot of very wealthy people who buy these instead of rolls Royce’s or super cars because they want something nice but don’t want the flash and attention of those other cars.
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@TripleNetInvest Googles “what are wetlands”
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@Stealx These same people of the same backgrounds exist in every market. Its such an amazing thing to see.
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@ReidBennettCCIM DO NOT take advantage of your customers when times are good. I feel like this has happened in many industries over the last couple of years.
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@realEstateTrent In a past life as a CRE Broker, I has a client tell me he doesn't care about buying low cap rates at all. He has bought 2% cap rate deals. Why? He focused on STNL low rent deals. For example: He would buy a McDonalds @ a 2% Cap with a in-place rent of $50k/Year. So the price
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@realEstateTrent Its the biggest secret in CRE. How little they actually do.
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@aaronk7 Commercial real estate wholesaling is unreal sometimes.
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My 9-figure net worth mentor gave me a list of his life's lessons... Here they are:
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Crossed the 300 followers mark today... Thank you for everyone that has chosen to follow along!
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@notyourCREguy
Matt
11 months
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@GaryWinslett I passed this site when I was in Burlington earlier this year. Would really help the area if this got developed. Also, 145 S union St was remarkable to me. Cool old red brick building that is boarded up and has graffiti all over it in the center of downtown.
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@TripleNetInvest Number #2 . This is harder to do than it seems but still very lucrative. In the hot market of 2021, sellers wouldn't let you do this. In today's market they might!
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@realEstateTrent The termination section can be so important. Recently, we found a $12 M Termination payment they changed the deal drastically.
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@ChrisRamsey60 I don’t either. I think it is a failure to the community. Properties should always be moving towards its highest and best use.
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@TripleNetInvest I agree we need to be in better shape but bench pressing and curls have nothing to do with physical fitness
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@SahilBloom This is an amazing case study. You trained like professional athlete for 6 months and the results show!
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You want to be a commercial real estate brokers best friend... 1. Have a clear buying criteria 2. Buy when they send you properties that fit that criteria. 3. If you don't buy, give feedback on why. 4. Be a good person. That's it.
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@seandsweeney I agree. I think it also provides a lot of health benefits since there is so much walking involved.
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Build to suits- The most lucrative Real Estate Development Strategy...👇 A Build-to-Suit (BTS) is a real estate development strategy where a property is constructed specifically to meet the unique needs and requirements of a particular tenant. In a Build-to-Suit arrangement, the
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@realEstateTrent Same thing here. Except he told me to learn everything about pharmacies. All I did for a year was call on owners of CVS, Rite Aid, and Walgreens. “Rich’s in the niches” He would say
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@girdley Small Giants by Bo Burlingham
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@tyromper We are made to work. We need consistent growth and tasks to keep our mind and body moving. Personally, I have a great example of this. One grandmother "retired" at 55 and had no purpose for life after work. She has lost her mental capabilties and became an alcoholic @ 75...
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@HealthcareREguy Holy crap! I have a friend who is an ophthalmologist and he is rolling them up locally! He is going to make bank!
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@thejustinwelsh Wow, how do you analyze to figure this out and make a business out of it?
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Pickleball is here to stay. I have never seen people get so addicted to anything so quick. The newest addict, my mom. She never played sports and usually only walks or does yoga. She played Pickleball once this weekend and is itching to play again.
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@AlexHormozi The longer you can delay gratification the more the results will be multiplied.
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@realEstateTrent Bahamas. Close to the east coast (family) but some of the most beautiful oceans that exist
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@mhp_guy This is great information! Where do you source this data from?
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There are so many parallels with exercise and business/life The biggest for me is pushing past the first part of discomfort. Whether you run, lift weights, do cross fit, yoga, etc Where you first start… it’s tough. As you continue on taking action and train that skill… it
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The people who deal with pain productively are the most successful ones. It goes for business Relationships Money Anything!
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@tyromper Your 20s is a very interesting time. Some friends stop partying Some friends double down and say it’s my last hoorah before I have kids. Me: I didn’t drink for the first 6 months of the year because alcohol stopped serving any enjoyment for me
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@notyourCREguy
Matt
11 months
@TripleNetInvest No market or asset class is safe from this cycle.
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@shawngorham This is a little harder today but I think this is the biggest path to wealth creation in today next to starting a business
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@FluentInFinance Its scary that people actually think this. Its scarier that people will follow and lose real dollars.
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@HeroDividend Its meant to be this
Tweet media one
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@thejustinwelsh Its so true! We all have unique experiences that make us us! Lean into them.
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@thejustinwelsh This is very true! I have had success without a clear purpose behind it and it doesn’t feel as good as when there is one
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@RyanHoliday How do you do this but also push through hard stuff. On the other side of discomfort is success.
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MY FAVORITE REAL ESTATE INVESTMENT STRATEGY 🤑📈 🏢🌆COVER LAND PLAYS 🏙️🏗️
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@SahilBloom First Tim Cook, now Condoleezza Rice! Your the most interesting man
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@TheAlphaThought Why? They offer real benefits for pre-retirees. Retirement planning, trust planning, income planning, tax planning, etc.
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@FluentInFinance Buy real estate to build cash flow. Then buy stocks to grow while I sleep. Then passively invest in businesses.
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@thejustinwelsh Being upset that the game is rigged won’t get you any closer to a better life. Learn to play the game at all costs
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What are the best ways to find off-market deals? I know there are a ton of websites out there. Let me know what the best ones are? Also, what are the most cost effective?
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@Budgetdog_ This should give you the mindset to take the risk and go get it!
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@FluentInFinance If you died. They would post the job tomorrow.
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@AlexHormozi Its also about not losing so much that you can't recover.
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@HealthcareREguy I get being the dad in this scenario but if you haven’t given you kid the skills and confidence to do it himself he never will.
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@IAmMarkManson That's why great customer service is the competitive advantage for a lot of companies.
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@JustinPugh Make it the same system as the endowment funds. This is gold dude
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@FluentInFinance Such a good message. Things to never be cheap on: Shoes Bed
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Forbes released its list of the 400 richest people in America. 24 out of 400 got their wealth from Real Estate. Here they are: 1. Donald Bren: $18 B 2. Stephen Ross: $10.1 B 3. Leonard Stern: $8.1 B 4. Igor Olenicoff: $7.7 B 5. Jeff Greene: $7.5 B 6. Edward Roski, Jr.: $7.4
Tweet media one
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@Thefrugalgay11 How does a human think another human wants to live like this.
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I’ve said it before and I will say it again WFH is a disadvantage to businesses. I worked 1.5 years of Covid fully remote And 2 years in the office. The collaboration and culture alone make up for additional costs and time it takes to commute. Thoughts?
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@FluentInFinance Nothing. I worked for Vanguard right out of school so I was index investing from the start.
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@girdley I need to do this! I eat every meal like its my last and it usually leads to over eating.
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@harrisonfinberg The inclusionary zoning have ruined development in West Philly.
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@ramit No wonder they were able to acquire the other firm you were with! They are robbing people!
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@Codie_Sanchez This is crucial for relationship building.
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@RyanHoliday This is why it is so important to build base line financial freedom.
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People have been up in arms with the X algo lately. here's what I see: The more time and engagement you do one here the most results you have. They are just mad because they cant pay a ghost writer to tweet twice a day and rake in the dough.
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@realEstateTrent So true! So many east coasters conversations go like this. I would never live in California, the crime, the taxes, etc. Well what about San Diego? Oh well, San Diego is beautiful.
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Two of my 2023 goals will be accomplished this week. Read on. 1. I finished my 12th book of the year. I have never been a reader and this year I decided that I wanted to improve this skill. I thought a good goal would be to read everyday, just 10 pages. This is a small
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@thejustinwelsh This is my biggest gripe with corporate America
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@notyourCREguy
Matt
11 months
@indexnforgetit IDC what anyone says but those things are the best.
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@GuyTalksFinance My philosophy is always get the 30 year mortgage and pay it off as if it is 15 years. This way if anything ever goes wrong you can always reduce payments to the regular 30 year ones.
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@RyanHoliday 1% better everyday is 365% better in a year.
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@Codie_Sanchez So many lessons. Probably diffused a lot of people because he had no ego. was able to come off as a normal guy to win people over.
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My one qualm with X is that if you get busy with other things for a day or two it seems like a lot of your momentum gets lost.
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@JayBWealth What about doing both?! I have adopted a new habit of while watching TV, I am on twitter building my brand. I still can listen and watch the important parts of the game but I am also building my brand.
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@survivo63908647 @Budgetdog_ I hate being safe. I like to live life on the edge!
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@DividendBreeder This is awesome to see. You are right at the cusp of the hockey stick growth. Keep grinding and in another 3-4 years the number will be massive
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@TeamHerrold The problem is that when Dutch Bros signed the leases for the BTS they are paying X rent and developer was expecting Y return. Now that cap rates need to shift developers will take massive hits! They can't hold unless that have patient capital which is rare for developers!
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@ramit Isn't the whole point of getting wealthy to have freedom of choice to where you want to live, who you want to spend time with, and what you want to be doing!
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Interest rates are high...everyone knows this. What do you do about it? Well, I have seen a major uptick in CRE companies getting into the lender space. Instead of buying deal at 6% cap rates they will lend someone money at 8%-10%. Thoughts?
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@realEstateTrent Very true. Don’t waste the time or effort. That is like stepping over dollars to pick up Pennie’s.
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Give 100%, 100% of the time. Be with your family: 100% Workout: 100% Work:100% Rest: 100% Sleep: 100%
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@realEstateTrent Austerity. We will all need to practice austerity. No because we won’t have money. Because we don’t know when the faucet will come back on.
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@Levijameshere I think the liquor business is ripe for innovation. It reminds me of the jewelry industry in that there is little information out on it.
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@Codie_Sanchez I think people get wealthy doing things they hate and then don't know how to transition to things they like because they suppressed that emotion for so long and chase the money.
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I got trained by the consulting firm McKinsey at my first job. They use the 5 why process to find to root cause. Ask why 5 times on a specific problem and you will end up at the root cause. p.s. is it not easy to do. Tell me how you diagnose problems? 👇
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