Nick El-Tawil @tawillionaire Twitter profile | Pikagi

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Nick El-Tawil

@tawillionaire

1,871

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Real estate broker T&T

Scottsdale, AZ

https://t.co/cTyKezZBWl

Joined December 2016

Don't wanna be here? Send us removal request.

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@tawillionaire

Nick El-Tawil

2 days

I did maybe four home inspections in the first 8 years of my real estate career. When buying an apartment - which was my specialty - you aren’t responsible for the building’s foundation, or the roof, or the plumbing, or the exterior maintenance. The HOA takes care of that. But

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@tawillionaire

Nick El-Tawil

1 month

Finally found one in the wild Ferrari w/ a 2.1 GPA license plate Whose is this???

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Nick El-Tawil

20 days

@chernobelskiy “Just looking to die with enough for her to last 15 years” This is art. Even Shakespeare couldn’t come up with that

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@tawillionaire

Nick El-Tawil

1 month

@SoledadUrsua 1) 4.5% rate on a mortgage is damn near free money. Your friend was uninformed if they thought that was “too high” 2) 30-year fixed rates did, in fact, drop below 3% - for the first time in history - about 4 years after your friend purchased their home. If they missed this prime

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@tawillionaire

Nick El-Tawil

5 months

Lennar just dropped 969 sq ft homes starting at $259K in Florence, AZ Not quite as small as their community in Texas (those are 661 sq ft starting at $153K) But still out there! Florence is about 1.5hrs away from Downtown Phoenix with no traffic Would you rather live here, or

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@tawillionaire

Nick El-Tawil

8 months

@sweatystartup I don't gamble and have no desire to ever start gambling... but it's better for everyone now that it's legal and taxed. Same deal as THC and alcohol and any other vice. Legalize it, tax it, regulate it. Can't tell other people how to live their lives!

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@tawillionaire

Nick El-Tawil

5 months

Wearing this t-shirt to all listing appointments from now on

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@tawillionaire

Nick El-Tawil

6 months

Mexican real estate will be big $$$ in my lifetime And I don’t mean vacation homes on the coast (those are already big $$$) I mean Mexico City! (Can’t wait to brag about this post to my future kids 🥰)

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@tawillionaire

Nick El-Tawil

4 months

The only real change that I see coming from this NAR settlement is requiring buyer brokers to use a written agreement. Everything else has a clear workaround. i.e. Instead of offering to split the commission on the MLS, sellers will offer a closing credit equal to the buyer

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@tawillionaire

Nick El-Tawil

6 months

@morganisawizard don't care + didn't ask + cry about it + stay mad + get real + L + mald seethe cope harder + hoes mad + basic + skill issue + ratio + you fell off + the audacity + triggered + any askers + bluepilled + get a life + ok and? + cringe + touch grass + donowalled + not based + not

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@tawillionaire

Nick El-Tawil

21 days

@mu2myoc None of those professionals are incentivized to actually close the deal You have no idea how easily deals fall apart when emotional buyers and emotional sellers are involved until you depend on them for your income.

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@tawillionaire

Nick El-Tawil

3 months

@chernobelskiy And then you post with legitimate advice and get downvoted into oblivion by Cumluvr420 😅

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@tawillionaire

Nick El-Tawil

3 months

NAR sent out an email this morning, clarifying the upcoming contract changes: - Listing brokers need a signed contract from buyers before showing them homes, even in dual agency (i.e. if buyer goes direct to the listing broker) - Contracts are required even for virtual/video

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Nick El-Tawil

5 months

@MrJonesSTRs False premise Airbnb in NYC does NOT work like the rest of the country The vast majority of Airbnb/STR listings in NYC were not from property owners. They were from tenants at rental buildings. Basically subleasing their apartments using Airbnb. The majority of owned homes in

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@tawillionaire

Nick El-Tawil

23 days

@KAErdmann Land lease building It’s a co-op so the monthly fees also include taxes Still expensive as hell for a depreciating asset, though 😝

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@tawillionaire

Nick El-Tawil

24 days

@KCmolzer You’re asking why they don’t have apartments in the Hamptons? The Hamptons on Long Island???

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@tawillionaire

Nick El-Tawil

4 months

Here is a more detailed take on why I think Zillow loses: ~50% of Zillow’s revenue comes from selling leads to buyer agents. Zillow is a public company. You can verify this. Their buyer lead program is called “Premier Agent” Zillow has been trying to capture listing leads to

@tawillionaire

Nick El-Tawil

4 months

The only real change that I see coming from this NAR settlement is requiring buyer brokers to use a written agreement. Everything else has a clear workaround. i.e. Instead of offering to split the commission on the MLS, sellers will offer a closing credit equal to the buyer

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@tawillionaire

Nick El-Tawil

9 months

I considered suicide after some unfortunate things happened to me many years ago. I actually went as far writing a suicide note. But writing everything down made me realize how petty, insignificant, and lame my problems were. If you ever get to that place: please write it all

@moseskagan

Moses Kagan

9 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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@tawillionaire

Nick El-Tawil

23 days

@KAErdmann @William48759211 Most co-ops have mortgages. It’s one of the advantages of co-ops as a form of ownership. (HOA in a condominium can’t take out a mortgage to help pay for common area maintenance, but a co-op can.) Land lease means the co-op doesn’t own the land their building sits on. So they

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@tawillionaire

Nick El-Tawil

6 months

@redwood_ryan_a If anything, warning a buyer that "low income housing" is going to be built across the street could be seen as steering, which is a Fair Housing violation I don't know NC specifically... but they are probably NOT required to disclose that. If you do warn a buyer about a future

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@tawillionaire

Nick El-Tawil

6 months

This is why real estate is the dominant industry in Phoenix AZ

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@tawillionaire

Nick El-Tawil

4 months

@realEstateTrent That’s part of the equation The other part is that builders just didn’t build enough homes since 2008

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@tawillionaire

Nick El-Tawil

6 months

On the left: Salt River Pima-Maricopa Native American Reservation On the right: Scottsdale

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@tawillionaire

Nick El-Tawil

1 year

@realEstateTrent Only $2M for an 1800 sf condo in Manhattan? That’s a steal 😂

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@tawillionaire

Nick El-Tawil

1 year

Meet me!

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@tawillionaire

Nick El-Tawil

3 months

@sweatystartup Perfect form. With double overhand grip. And he’s using a belt. This man is an absolute BEAST I love you Huber, but I am never, ever listening to your takes on physical fitness 😂

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@tawillionaire

Nick El-Tawil

4 months

RE sales is 100% commission with no base salary Many people who are much smarter than me have tried to make salaried agents work. It doesn’t work. Who would put themselves thru years of training for a job with zero security? The reality is the business only works if it’s easy

@bavedikian

Brandon Avedikian

4 months

Let’s talk about the real problem with the real estate brokerage industry. HINT: commission rates aren’t it. The ease in obtaining a real estate license is. It is way too easy to obtain a real estate license. The ease in obtaining the license encourages causal,

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@tawillionaire

Nick El-Tawil

2 months

@SBA_Matthias Every pound is 3,500 calories You need to eat 35,000 less calories to lose 10lbs Just count your calories and you can do it as slowly, or as quickly, as you’d like

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@tawillionaire

Nick El-Tawil

3 months

@adamstatonsmith Prior to the NAR ruling: did you discount to 2.5% if the buyer did not have a broker? No. You did not. You paid the commission negotiated in the contract. The seller does not offer the buy side commission. The seller's broker does. You pay me 5% and then I will offer 2.5% to

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@tawillionaire

Nick El-Tawil

6 months

@CaseyMericle Should really explain the risk. These are not for the faint of heart. “Make sure you pay your bank don’t let the Buyer do that!” You say this because if the bank finds out the home has been sold, and a new buyer is making payments, then the entire balance is due immediately.

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@tawillionaire

Nick El-Tawil

6 months

@GaucherAndrew @redwood_ryan_a Of course they should… But no. It’s Fair Housing. Steering people away from areas with “low income housing” is how real estate agents used to keep white people out of black neighborhoods. That’s been illegal for ~60 years.

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@tawillionaire

Nick El-Tawil

2 months

AZ just passed a bill that allows homeowners to build guest houses (ADU's) in any city with a population of 75K+ That includes Scottsdale, Gilbert, Chandler, etc Notably, these ADU's can be used for short-term rentals

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@tawillionaire

Nick El-Tawil

5 months

@NNNIncome @jdawgsutah This post is not getting the respect it deserves

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@tawillionaire

Nick El-Tawil

4 months

I just sat thru a meeting where I heard about a buyer who signed a contract to pay their real estate agent $650/hr No incentive for actually closing the deal. Just a flat hourly rate, billed like an attorney. I wanted to scream Explanation on why that’s a bad idea coming 🔜…

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@tawillionaire

Nick El-Tawil

1 year

@sweatystartup I am somewhere between 10x and 100x more attractive at 32 years old than I was at 22. Waiting to get married is just good negotiating on my part 😎

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@tawillionaire

Nick El-Tawil

9 months

Opened Instagram and the first thing I see is a @huntercoldcalls tweet Our boy is going pro 👏

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@tawillionaire

Nick El-Tawil

2 months

@ThinkAppraiser Lot of people with a lot of money in the world One of my friends from NYC came from a family with about a half a billion net worth They weren’t anything special in NYC. Yeah, his apartment was nicer than mine, and he didn’t have to work much. But he def didn’t own the city.

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@tawillionaire

Nick El-Tawil

4 months

@melissasavenko Govt prints a bunch of money, inflation occurs, price of everything skyrockets, and then instead of owning it & taking the blame: they look for someone else to scapegoat Unfortunate reality of the world we live in. The truth always wins out, but you gotta keep fighting 🙏

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@tawillionaire

Nick El-Tawil

4 months

@realEstateTrent I see the other perspective Most complaints about HOA’s are “the HOA will spend my money on things that I don’t want!” Even though 95% of the time those things are in your best interest as a homeowner 😝 Democracy: where everyone gets a vote (even if they have no clue) 🇺🇸

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@tawillionaire

Nick El-Tawil

1 year

Almost all of the new listings in my office so far this summer are Airbnb owners looking to sell… And yet, new inventory this summer is still at historic lows! This won’t be an easy fix, people 😬

@NewsLambert

Lance Lambert

1 year

The housing market's "lock-in effect", as told by 2 charts

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@tawillionaire

Nick El-Tawil

5 months

@realEstateTrent Can’t wait to watch the SF 49ers play at StripMallGuy Stadium in 30 years

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@tawillionaire

Nick El-Tawil

4 months

@realEstateTrent Dark chocolate It's just sweet enough to satisfy any cravings, and it's actually pretty good for you in small amounts. 70% dark chocolate if you're soft ~80% dark was my sweet spot 90%+ dark if you're a masochist

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@tawillionaire

Nick El-Tawil

4 months

@ToryJSheffer I think it will depend on how you get your clients If you were paying for leads on Zillow or Realtor: this could potentially ruin your entire business If you are getting referrals, it barely matters All the more reason to produce content and have a presence on social media 🙏

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@tawillionaire

Nick El-Tawil

4 months

@TyronMcDaniel Those same sellers could have offered $1 to buyer's brokers the last 30+ years They overwhelmingly did not. They still offered the full commission.

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@tawillionaire

Nick El-Tawil

9 months

@realEstateTrent Listing for this building in 2028: “Surrounded by new development”

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@tawillionaire

Nick El-Tawil

2 months

Hey Alex, want to go out?

@yoalexrapz

Alex Clark

2 months

Officially been off dating apps for 1 year. Went on 2 dates total between June and Dec. I am starting to feel like there is no other choice other than being on the apps at this point. Talk me out of this or I’m going back on lol

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@tawillionaire

Nick El-Tawil

8 months

@LandlordRescue @sweatystartup Bit of a stretch to compare sports betting to human trafficking, don't you think?

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@tawillionaire

Nick El-Tawil

1 month

@REdebtlawyer

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@tawillionaire

Nick El-Tawil

1 year

@realEstateTrent Liquor store, nail salon, AND a donut shop? That’s the money laundering trifecta right there 😂

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@tawillionaire

Nick El-Tawil

8 months

@realEstateTrent You see a bad deal I see a legendary broker 😤

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@tawillionaire

Nick El-Tawil

6 months

@realEstateTrent 5 Chipotles

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@tawillionaire

Nick El-Tawil

1 year

@morganisawizard I always mark mine as “definifely NOT a drug deal”

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@tawillionaire

Nick El-Tawil

3 months

@rohindhar $604/mo HOA (78 cents per sq ft) for a single family home, not a stacked apartment? So you’re responsible for the exterior maintenance, landscaping, roof, etc? But still paying nearly 80 cents per sq ft in dues? Now THAT is an expensive HOA 😝

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@tawillionaire

Nick El-Tawil

10 months

Shout out to @chernobelskiy and @kempton_timothy for putting on a great event for real estate nerds in AZ! They’re a lil camera shy so I made the video pitch for us 😘

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@tawillionaire

Nick El-Tawil

3 months

Gilbert / Scottsdale

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@tawillionaire

Nick El-Tawil

9 months

@kempton_timothy Just keep doing it until you get so addicted that you need it to function 🙄

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@tawillionaire

Nick El-Tawil

1 year

@Retail_CREGuy @realEstateTrent It is possible to take accountability for your own actions ("I should have gotten here earlier") while also politely asking others for help. They're not mutually exclusive.

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@tawillionaire

Nick El-Tawil

8 months

@realEstateTrent There are definitely some warnings! I got like halfway thru the first practice LSAT question before my eyes glazed over and I realized law school was not going to be for me.

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@tawillionaire

Nick El-Tawil

8 months

@GuyDealership I know a real estate broker who does this every year for his listings. He promotes the discount on social media / via email only. If they don't sell over the holiday weekend, he then tries to convince the sellers to make the Black Friday price a permanent price reduction.

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@tawillionaire

Nick El-Tawil

25 days

@realEstateTrent I’m guessing he inherited this property

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@tawillionaire

Nick El-Tawil

6 months

@realAAAbbott @redwood_ryan_a No, only a garbage broker would break that law. It’s there for a good reason. This was a huge deal in NY a couple of years ago. Notice how none of the agents doing it are top producers.

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@tawillionaire

Nick El-Tawil

5 months

@rohindhar Most Airbnb listings in NYC were actually listed by tenants. They were subleasing apartments to subsidize their income. They were overwhelmingly NOT apartments being used as STR's instead of long-term rentals. You could find a few cases of the latter (townhouses etc) but the

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@tawillionaire

Nick El-Tawil

8 months

@NewsLambert No shift towards buyers, but inventory in greater Phoenix has skyrocketed from October til now. The town with the least inventory is still Paradise Valley (~$4M average sales price)

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@tawillionaire

Nick El-Tawil

1 month

@ShitcoinSavant @SoledadUrsua S&P 500 returns are double that Bank is taking a well below-market rate of return @ 4.5% Hence “free money”

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@tawillionaire

Nick El-Tawil

4 months

@realEstateTrent My cousins (3 of them + my aunt and uncle) all moved to Austin from Houston at the start of the pandemic Visited them a few months ago One is adding a second story to her house. No zoning stopping her, just flat out adding an extra ~1500 sq ft. As I told her: Only in Texas 😂

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@tawillionaire

Nick El-Tawil

1 year

@huntercoldcalls This is the greatest account on Twitter

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@tawillionaire

Nick El-Tawil

5 months

@NewsLambert Still the most affordable country on that list 🇺🇸 This isn’t our problem alone. And we are better equipped to handle it than others.

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@tawillionaire

Nick El-Tawil

10 months

@Cobylefko That is a pretty notable building, though! Alwyn Court is a New York landmark AND it's on the National Register of Historic Places. I toured the penthouse many years ago. Wrap terrace with Central Park views:

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For Sale: 180 West 58th St. #PHB in Midtown

180 WEST 58TH ST #PHB is a sale unit in Midtown, Manhattan priced at $3,395,000.

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@tawillionaire

Nick El-Tawil

1 year

Phoenix condos go brrrr 🚀🚀🚀 #RealEstate

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@tawillionaire

Nick El-Tawil

11 months

@KobeissiLetter I disagree with this premise. Old homes are generally in better locations. New homes are generally in worse locations (because that’s just where developers can find buildable land). What’s the saying? “Location, location, location”

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@tawillionaire

Nick El-Tawil

5 months

Is X done talking about the AirbnBUST? Well, we’re not done with those former STR’s hitting the market 😅

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@tawillionaire

Nick El-Tawil

6 months

@quinnjmiller The incentive to buy is that rent goes up, mortgage doesn’t. You’re not suddenly forced to move if your landlord decides they want to sell. You can upgrade the property and profit. Etc… If anything, that is the ideal market for an end user. Investors aren’t touching homes in

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@tawillionaire

Nick El-Tawil

2 months

@dieworkwear Suitsupply? You can get virtually anything there off the rack & then tailored for under $1K

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@tawillionaire

Nick El-Tawil

1 year

@dieworkwear In AZ, it’s less about being made fun of and more about “it’s so god damn hot that you will be dripping in sweat if you wear fun clothes 4 months out of the year” I get my leather jacket and suit fix in the fall though 😝

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@tawillionaire

Nick El-Tawil

10 months

@TripleNetInvest Body weight bench press for 6-8 reps is pretty strong… months if not years worth of work. Squat/deadlift your body weight is maybe a few weeks in the gym 😝 Overall I agree though.

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@tawillionaire

Nick El-Tawil

22 days

The child of California and Texas is actually Arizona 🌵 - Physically located between those two states - Moderate politics - Business-friendly with low taxes - Natural beauty *in the major cities* - Better weather than Texas 12 months out of the year; better weather than

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@SMB_Attorney

SMB Attorney

22 days

If Texas and California had a child, it would be Florida. With California’s weather and beaches, and Texas’s business and tax-friendly climate, it attracts more billionaire residents and tourists than anywhere else. How is Florida not universally recognized as the best state?

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@tawillionaire

Nick El-Tawil

7 months

@rohindhar Many complain that the bar is too low to become a real estate agent (I don’t - I think it’s fine for a job with no salary, 100% commission) If you remove this requirement, the bar gets even lower 😝 Now an agent with no experience can start their own company!

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@tawillionaire

Nick El-Tawil

1 year

@realEstateTrent @BobKnakal $750K is a good year for most. For Bob, it’s a rounding error 😂

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@tawillionaire

Nick El-Tawil

4 months

@ThinkAppraiser Phoenix high rise apartment rents

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@tawillionaire

Nick El-Tawil

11 months

Now is an excellent time to sell an investment property or second home in Greater Phoenix! 🌵 Help a local buyer find their primary residence and earn top dollar for yourself in the process 😎

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@tawillionaire

Nick El-Tawil

2 months

I've come around on this whole NAR thing. I never liked using contracts with buyers. If you walk into Tourneau or Mercedes, they don't ask you to sign a contract before showing you watches or cars! But this year has changed my mind. I have lost more deals this year than ever

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@tawillionaire

Nick El-Tawil

4 months

OMG I MET @chernobelskiy FROM @trdny 😱

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@tawillionaire

Nick El-Tawil

1 month

@gas_biz Gas Education Doctor?

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@tawillionaire

Nick El-Tawil

3 months

@SactoGeoff I think this is more of a cautionary tale about unmarried couples buying a home together than an issue with gifting Unfortunate, nonetheless

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@tawillionaire

Nick El-Tawil

4 months

You know what the world needs? Another real estate podcast 😤

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@tawillionaire

Nick El-Tawil

2 months

@charliewrich I'm pretty sure people in Texas would rather be called broke losers than be compared to Europeans tbh

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@tawillionaire

Nick El-Tawil

3 months

@rohindhar It depends on the asking price. Assuming the asking price was $500K: there’s no world where I would recommend the offer w/ contingencies. Even if there’s a contingent offer at $600K. It won’t appraise. Deal won’t happen. Now, if the asking price was $600K, and we’re confident

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@tawillionaire

Nick El-Tawil

1 year

@CREdebtlawyer I’m AZ, and most markets, it’s 3x the monthly rent. $4K/month rent needs $12K/month income, or $144K/year. Not far from $160K. As a former NYC broker: if you have $144K income & applying for a $4K/month apartment, the landlord will make an exception to the 40x rule for you.

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@tawillionaire

Nick El-Tawil

6 months

@realEstateTrent Tbh I always want to call this out when I see people use the word incorrectly Now I can just link them this post! 😀

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@tawillionaire

Nick El-Tawil

8 months

@BradTonoff @sweatystartup So you want to ban all advertising, then? Because all advertising is telling you how to live your life? 😂

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@tawillionaire

Nick El-Tawil

6 months

@huntercoldcalls Art historians will read these tweets in 500 years and frame them in a museum

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@tawillionaire

Nick El-Tawil

24 days

@KCmolzer Find someone who lives there full time & ask them for the most accurate answer 😝

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@tawillionaire

Nick El-Tawil

1 year

@realEstateTrent Time kills all deals 🙏

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@tawillionaire

Nick El-Tawil

1 year

@morganisawizard Agreed! Btw if you're looking to buy real estate in AZ go to

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Learn more about licensed real estate broker Nick El-Tawil, a REALTOR who specializes in Scottsdale, Paradise Valley, and Phoenix, Arizona.

www.nickeltawil.com

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@tawillionaire

Nick El-Tawil

3 months

@GoLikeHell_ You can look at FSBO (for sale by owner) listings without a contract. If a listing agent happens to NOT be a member of NAR, then you might be able to view without a contract. But, 99% of the time: expect to sign a contract before you view any homes. For what it’s worth: I

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@tawillionaire

Nick El-Tawil

5 months

Listing agent showed up to our appointment in slippers & pajamas At 2pm In Paradise Valley The best part? I thought it worked 😂 liked their style! Rules go out the window when you’re good at your job!

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@tawillionaire

Nick El-Tawil

3 months

@realEstateTrent The people who need to hear this aren't on X They're on Facebook 😩

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@tawillionaire

Nick El-Tawil

1 year

@realEstateTrent They prob charge you extra for all the dry cleaner slander you post on Twitter 😂

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@tawillionaire

Nick El-Tawil

4 months

@SMB_Attorney Arizona = (mostly) the best parts of Florida and Colorado, with none of the negatives Just missing the beach (but you’re within driving distance of Mexico, San Diego, & LA)

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@tawillionaire

Nick El-Tawil

4 months

@AdvisorJohn “Funds liquidated from cryptocurrency must be converted to U.S. currency and deposited into an eligible asset account” I mean, if you do that, it’s not crypto anymore 😂 they’re just giving you a loan based on your USD

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@tawillionaire

Nick El-Tawil

6 months

The Real Estate X community

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