m. stanfield (@resetbasis) 's Twitter Profile
m. stanfield

@resetbasis

affordable housing. rubber mallet capital.

ID: 951570783096238081

calendar_today11-01-2018 21:45:28

9,9K Tweet

38,38K Followers

1,1K Following

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If you're issuing capital calls and your portfolio looks like this, there are two explanations. 1. You're an idiot. You don't know the deals are cooked. 2. You're an asshole. Fleecing retail by selling them a dream so you can repay your GP loans before the bottom drops out.

If you're issuing capital calls and your portfolio looks like this, there are two explanations.  

1. You're an idiot. You don't know the deals are cooked. 
2. You're an asshole. Fleecing retail by selling them a dream so you can repay your GP loans before the bottom drops out.
m. stanfield (@resetbasis) 's Twitter Profile Photo

The hard working blockchain consultant is correctly pissed at the very lazy affordable housing developer because he struggles to get the joke.

The hard working blockchain consultant is correctly pissed at the very lazy affordable housing developer because he struggles to get the joke.
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The marketing material says "generational opportunity," but it also says the property is located in Portland, OR. Could you please tell me which of those two things is true?

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Advice for early real estate GPs When an LP asks about your track record, part of what they want to hear about is the painful lessons you’ve learned along the way. What mistakes have you made that you won’t make again? I promise, they don’t want to hear “everything’s been

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Do not buy a deal in SC predicated upon the tax low income tax exemption remaining in place. What happened in TX will happen there and your equity will go to zero. Trust me on this, and be careful out there.

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Seattle does not allow landlords to deny occupancy because the tenant has a criminal history. It's playing out as you might imagine.

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Colorado is about to pass some of the most over-reaching legislation in recent history. SB25-020 allows for the AG, counties, and various municipalities to place a property into receivership for non-monetary reasons. Municipalities can effectively seize control of your property

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Texas should propose a new law. If you move to Texas and want to vote, you have to beat a native Texan in a fistfight first.

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Too much pearl-clutching on here lately. If you bought a deal in Texas that was predicated upon the HFC structure remaining in place, you fundamentally don’t understand affordable housing. You’re about to get the return on cost you deserve.

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Had a serious Amex issue go unresolved for a few days. I (a nobody) cold emailed the CEO and he immediately replied and handled it. Phenomenal customer service. Watching Chamath learn that American Express cares about reputation over net worth is pretty funny.