Vidit Saxena (@supermode_) 's Twitter Profile
Vidit Saxena

@supermode_

Showing aspiring real estate investors how to scale fast. Ex - Mckinsey

RE trends - zeroflux.io

RE breakdowns - newsletter.supermode.io

ID: 1401536978542288897

linkhttps://www.zeroflux.io calendar_today06-06-2021 13:51:03

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Spent this weekend looking at some markets. Syracuse is in a league of its own. Logged annual rent growth of 6.7% as of May, behind only Midland/Odessa. For context - Before the pandemic (in the 2015-2019 time frame), rent growth in Syracuse averaged only 2.4% annually.

Spent this weekend looking at some markets. 

Syracuse is in a league of its own.

Logged annual rent growth of 6.7% as of May, behind only Midland/Odessa.

For context - Before the pandemic (in the 2015-2019 time frame), rent growth in Syracuse averaged only 2.4% annually.
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Warren Buffett sold another $981 Million of Bank of America giving him a total of 278 BILLION in cash! Must be getting ready for something… 🤔

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Last year, we stopped acquiring and brought property management in-house. 3rd party PMs were a nightmare—broken incentives; they made money when we lost money. So we offshored ops and hired a director from BCG with consulting chops, and the results? Massive turnaround. Now we

Last year, we stopped acquiring and brought property management in-house. 3rd party PMs were a nightmare—broken incentives; they made money when we lost money. 

So we offshored ops and hired a director from BCG with consulting chops, and the results? Massive turnaround. 

Now we
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Just did a rent audit on part of our portfolio and found an extra $5K/month—just by checking current rents against market rates. Takes almost no effort Can be done every 6 months Way better leverage than squeezing expenses The easiest thing to do for any operator. P.S - Market

Just did a rent audit on part of our portfolio and found an extra $5K/month—just by checking current rents against market rates.

Takes almost no effort
Can be done every 6 months
Way better leverage than squeezing expenses

The easiest thing to do for any operator.

P.S - Market
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Overall distress by property types. Sent this in my newsletter earlier, but a quick TLDR, CMBS-financed property distress hit 11.5% in January, the fifth straight record high, rising 90 basis points from December. Multifamily distress surged to 12.9%, a sharp increase from

Overall distress by property types.

Sent this in  my newsletter earlier, but a quick TLDR,

CMBS-financed property distress hit 11.5% in January, the fifth straight record high, rising 90 basis points from December. 

Multifamily distress surged to 12.9%, a sharp increase from
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It's been hard to find "good" deals—high rates, too much competition on-market. In the current climate, the best play is forcing value into a property instead of chasing overpriced deals. So we adapted. Flipping isn’t the highest return on effort or risk, but with a team of

It's been hard to find "good" deals—high rates, too much competition on-market. 

In the current climate, the best play is forcing value into a property instead of chasing overpriced deals.

So we adapted. Flipping isn’t the highest return on effort or risk, but with a team of
Vidit Saxena (@supermode_) 's Twitter Profile Photo

Blown away by how fast AI is moving. We’re launching a push to get better premarket leads and need a site where motivated sellers can fill out their info. Options were, -Hire a designer + developer for a few thousand bucks Spend 2–3 weeks building it manually - Use

Blown away by how fast AI is moving.

We’re launching a push to get better premarket leads and need a site where motivated sellers can fill out their info.

Options were,

-Hire a designer + developer for a few thousand bucks
Spend 2–3 weeks building it manually
- Use
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The biggest mistake I made in real estate was ignoring this one thing - Building a creative deal finding system. We now have, and it's a fairly sophisticated off-market sourcing system for our flip fund. We’re seeing a steady flow of deals almost daily that don’t fit our

The biggest mistake I made in real estate was ignoring this one thing - Building a creative deal finding system.

We now have, and it's a fairly sophisticated off-market sourcing system for our flip fund.  

We’re seeing a steady flow of deals almost daily that don’t fit our