Overestimate your future, underestimate your past.

"Excuses are tools of the incompetent. They build monuments of nothingness. Those who choose to use them seldom amount to anything."

How we feeling about these?…

11 Promises from a Manager: a 🧵 1. We’ll have a weekly 1:1. I’ll never cancel this meeting, but you can cancel it whenever you like. It’s your time.

Don’t follow people. Either walk alongside, or not at all.

Great people attract great people.

You’re buying a not new but not old apartment building in the sunbelt with 3% assumable debt for 10 years, stabilized, any rent growth from here is market rent growth, 50% leverage. You would pay today:

Canada Building Permits -1.4% In Oct From Sep

Which multifamily deal do you buy? Premises: same asset/location quality. You might sell in 10yrs or refi. You model 10y fwd exit caps & rates based on historical averages not spot (todays) levels. Hint: not a debate. It’s math A: 5% cap. 5.5% debt. B: 4% cap. 3.25% debt.

9 real estate lessons: 1. Think bold 2. Let your winners run 3. Diversify revenue streams 4. Execution breeds success 5. Buy with positive leverage 6. Bet the jockey not the horse 7. Buy below replacement cost 8. Rising markets cover many sins 9. Accept and seek help on the way

Everyone’s talking about ChatGPT. But 90% of you are missing out on the AI revolution. So I compiled a 600+ AI tool master list. And for the next 24 hours, it's free! To get it, just: 1. Follow me Gaurav 2. RT this tweet 3. Reply "AI"

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Kitchener/Waterloo is great this time of year

What in the world is happening at Triovest?

Groupe Mache - genius or crazy?

If you are not actively raising money, you are not preparing to take advantage of upcoming moment in multifamily. Actively raising money doesn’t mean perfecting your deck, building network or business planning — it means asking people w/ money to commit to give you said money.

I guess not *every* day can be a good day…😬

My impression from listening to Tiff: 1. We’re heading in the right direction but we need to see more of that trend before action is taken 2. Rate cuts are still in the cards but not sure yet when (they can’t say the 2nd part but implied it) I give 40% chance of cuts in June