Snow day vibes

Austin Marathon in the books 👊

Just finished a fantastic book that I can honestly say was life changing. I’d highly recommend especially if you’re an entrepreneur type. I found the audio version for free if you have Spotify which was a game changer to be able to listen while running or in the sauna

Locked in 4.25% rate for 5 years on phase 1 of latest development Now ready for phase 2 but bank only will lend if we modify first loan and adjust to current rate of 9+ Doing so wipes out any increase of cash flow from phase 2 so it’s a non starter What do you do? 🤷‍♂️

Baby #5! Doesn’t get much better, super blessed!

When you filled up your first building of contractor garages it’s time to add more. Already have a waiting list so I’m little behind

Repriced our next storage building yesterday expecting to have an increase but it’s actually went down 5k in the last 60 days! Such a sight for sore eyes when I feel like all I’ve seen the past few years is increases Now if we can just get back to 19’ prices I’ll be styling 😎

My #1 recipe for Sunday evening reset Step 1 - preheat to 200*+ Step 2 - bake for 15-20 mins Step 3 - rest/cool repeat if necessary

After spending over 2k on just the metal pipe alone for the ballards on the last building, I’m switching over to 6” pvc filled with concrete and reinforced with rebar. We’ll see how it goes, hopefully it does the trick! #contractorgarages

Sunday afternoon job check. More warehouses coming online soon!

Just got off the phone with county appraiser since we’re protesting tax increase on storage/industrial property Our value more than doubled in just a year. We did add more buildings but nowhere near the amount they have increased Says there switching to an income approach now

Storage is dead!!!☠️ But we’re still building more, turns out we’re all out of a few sizes and have been for a while. Storage is a product and each size is a different product. But again, ☠️

Getting back into the home building game.

Just poured slab for another non climate storage building, hope to have ready for summer lease up!

YTD we’ve had 30 move ins and 24 move outs. Posting an impressive net +6 move ins for the year. 💪 What’s everyone else seeing? I gave up on ‘24 but was optimistic about spring/summer ‘25 but just not seeing it yet and starting to not be so optimistic

We had one of job sites vandalized over the weekend. They stole some wire and the AC line sets. Has anyone had any luck with successful deterrents? I going to get some cameras and “under surveillance” signs but curious if I’m missing anything

Sunday pool house gym sesh

Those in the ETA space. How are you accurately valuing SDE when it comes to addbacks? Owner’s salary and a few others are easy but are you just taking the addbacks and discounting that number 20-30%? seems foolish to assume 100% but before DD it’s hard to know

Working on getting LOI signed on a business purchase Seller is good with the price but wants to retain the WIP post close (200k) Seems like seller either wants the WIP or adjust the sells price 200k more to account for it. What’s your move?

After watching Hitmakers on netflix this week I’m 100% convinced I could write a banger. I’ve been thinking this for awhile now but now I have no doubts I’m giving up on CRE and it’s gonna be the music biz for me from here on out! ✌️ Nashville ain’t ready for me 🎶