So, the new buyer got the deal at a 6.5% cap $1.85M ($120k rent/6.5%). Lease is up, renewed at $14k, or $168k/year, and sold at a 6.5% cap, or $2.58M. >$700k profit! Huge opportunity, all over America, all because of how much landlords are afraid of getting those keys back.

When I worked for a non-profit, this is the thesis that drove our program that helped mom and pops small resi landlords weather Covid. They were happy to pass economic surplus to tenants b/c their risk aversion led to lower return expectations. Help small folks=help their tenants

Megan Basham and if you're interested in a much longer and more detailed look at why the government should be spending money on healthcare at all, here's my master's thesis: matthewandmaggie.org/2024/09/19/my-…

Shout out to my friend Matthew who I only just realized has an M.Div along with his MD.

Being a developer is like being a musician. If you can imagine yourself doing anything different for a career, do that different thing. If you can’t, then go be a developer/musician.

Dad's drywall toast

Cc: Dudes Posting Their W’s

Can someone do it for PAs and Doctors???

Great thread, thanks Chris!

💯

Continuing to love the energy of the Nation Housing Supply Summit, even at the last panel. Great zoning reform takeaway from Jenny Schuetz: legalize townhouses everywhere!

Someone make this make sense

Someone make this make sense. My family of four bikes to Discovery Green from the Heights on this bike lane. Likely won’t without it. If anything, we need to better connect it to White Oak Bayou trail near the jail.

But what if they’re still on Signal?

I've been seeing a lot of bald eagles recently... Magnificent animals, and yes, you can't help but feel that it's an auspicious sign.

if you look back on your college admissions essay with anything other than embarrassment you're a bad writer

I compared myself to JFK, lol.

Shout out to the EPA for banning DDT!