This is a killer tweet from @jarrydosborne about how to successfully approach banks and what size bank works for what type of deal. Long story short - big is slow but probably best terms, small is fast, more flexible and slightly higher rates.

Buying a property is like buying a small share in an area's economy & desirability. Individual property dynamics will determine cash flows but the price appreciation is a function of the health of that area and new supply being added.

Community banks tend to be some of the best at banking entrepreneurs because more of their processes are manual. This slows them down at scale but accelerates them through complexity (no standard system you have to work around). A loan for someone who gets a k-1? No problem.

Most construction decisions are made with a budget in mind. How much money has been set aside for this item? Can we pull money from one area to another? We are focused instead on the potential return from each decision. If we upgrade something, can we earn more on the back end?

Work with a lender who instead of killing a deal helps you figure out the issues in order to get the deal done.

George Kurdin is one of the smartest people I know and an all-around good human so when he says he’s writing a newsletter I’m all in. I just subscribed to ace high acehigh.substack.com/?utm_medium=we…

I had the chance to meet Buck O’Neil as a young kid and he was every bit this genuine to a 10 year old. When we were walking around Coors Field he even insisted on not going into the broadcast booth because, as a child, I was not allowed, saying, “I don’t go places others can’t”

Very solid and simple analysis of inflation and the fed’s efforts to fight it .

The possibilities of what AI can create in complex worlds like video games should also get us excited, and maybe terrified, for the impact it can have on all kinds of areas. From community banking (my favorite) to customer service to retail to industry.