Some thoughts on Reconvene, which I attended last year for the first time: First of all—yes, of course, I witnessed conversations firsthand that led to millions of dollars being committed, and I saw partnerships form right in front of me—but it was so much more than that. The

⁦Shawn Gorham⁩ am I doing it right?

A little smart A little sinister I’m calling Leasing Brokers today to try to find one an hour before 5 o’clock on a Friday afternoon If they answer the phone it’s likely they’ll answer your prospect’s call Natural selection

Don’t you kinda feel bad for them?

If you wanna go to the whip hand in a negotiation we can do that But be prepared to lose the race

TIL you may be able to reduce your basis by giving an easement

Having only one way to make a deal Means it’s much less likely that you can make a deal

If you’re selling a property by saying it’s Below replacement cost Has big unrealized upside (but priced like the upside’s done) It’s cap rate is less than interest rates You’re gonna be working on selling for awhile

I participated in the Chase Bank infinite money glitch & now I don’t need LPs Hooray! Can’t tell ya how happy I am to do my own deals with my own money No more quarterly letters!

“Advantage” is a tricky word When doing a deal I don’t wanna take advantage, but I do wanna have an advantage If I don’t… I’m not transacting

The other party after the 2nd counter offer

Is the honeymoon over for the Buffs?

Just saw a seen a senior congressman getting groceries at Walmart You don’t see that every day

Imagine a friend’s wealthy parents pay you to let him stay at your house You take the money, but drop him off at a stranger’s house for free—and he claims squatters' rights for the next 50 years This is a rough example of how the "Traveling HFC" deal loophole works in Texas 🧵

Don’t say you wanna buy their property That’s a negotiation Do say you would lend them money Skip the dickering Wonder aloud what collateral might be

This ain’t me please block & report the underscore!

Central irony of the modern American housing market: Renters blame developers, who add to supply, for high rents, rather than the politicians & bureaucrats who restrict supply.

For most people getting an amazing profit on your first deal is a curse

This is a damn good tweet!

You want some safety Get an easement