2008: Google buys YouTube for $1.65 billion. 2021: YouTube generates $1.65 billion in ad revenue every 3 weeks. Name a better acquisition.

“There is no inflation”

To honor the folks who have made Real Estate Twitter (ReTwit) what it is today, and keep spreading the word about the folks who share their unique knowledge daily, I will donate $20 for every ReTweet this gets. $15k max, any charity Moses Kagan chooses. x.com/i/lists/141766…

Entertaining a kid that is less than 1 year old is a full-time job

If you want to break any model, see what happens when rents fall 10% That's why I look at floorplan data. Huge currents are driving rents across the board. But eventually, apartments will rent on their merits. And that 750sf 1BR laid out like garbage will get battered by market.

Its stock market Black Friday. Choose wisely.

Merry Christmas to #retwit. Wishing everyone a happy and healthy new year.

Senior multi broker to jr in 2022: “never speak the words t12 anymore. Burn them. Here we underwrite in place cap rates w/ a artisanal blend of handpicked last 15 leases, ideally short term premies if we can find fresh, topped with a “4% trend to the close” gross up RR drizzle

When I try to buy real estate, I end up competing against 12 offers over ask with groups using crazy high assumptions. When I try to sell real estate, I end up with a single offer from a buyer who is assuming no rent growth, tripling of taxes and an 8% loan 🤣

If: (Projected annual rent - projected annual opex) / (cost to buy + cost to rehab + holding costs) Exceeds the cap rate at which similarly renovated buildings are selling, by more than 150bps Then: You may have yourself a value-add deal.

U.S. government wants to eliminate tax advantages for Real Estate Investors. Here's why it's a TERRIBLE idea and why you should care (even if you're not in Real Estate):

Good rule of thumb. The only reason a tax department would ever use friendly language is when they want you to do something you don’t have to do. In this case (a non-disclosure state) filling out this form would increase our taxes. Hence the guilt trip.

I hope all my friends in #Dallas are staying dry and safe in the floods

A great way to shorten construction lead time issues

RIP Sam Zell you were a legend in commercial real estate. #Crelegends #retwit

I wish that our politicians would stop playing games and theatrics and come together to solve the debt ceiling manufactured crisis. Too much is at stake for this type of nonsense to occur. Compromise is vital in this case.#cre #DebtCeiling #DebtCeilingCrisis #uspolitics #retwit

Our family’s home was destroyed by water intrusion and we had to move out due to mold. We are fighting with SafeCo and are ready to escalate our matter to legal. Before we do this, does anyone have any connection to any of the higher ups at SafeCo or their parent company Liberty