Real estate is the greatest wealth creator And, it isn’t about the appreciation or even the cash flows It’s about the deferred taxation on the debt paydown. Look at what happens to your balance sheet when 90% of a payment goes toward paying down debt. What a beautiful instrument!

The best time to buy real estate was yesterday, the second best time is today, and the worst time to buy real estate is tomorrow,

If I could rewind the clock, I'd prioritize seeking other ambitious people much earlier. Always felt I lived in a monochromatic world surrounded by people who struggled to see past tomorrow. Most people underestimate how influential their tribe is on their thinking.

I talk to investors daily, and most have no clue how to analyze a property. Here is a simple playbook(with a free financial model)👇🧵

Got excess cash but no desire to sweat in Real Estate? • Purchase Notes • Find a Hard Money Lender to do the lending for you • LP in a Syndicate • Invest in a REIT • Be the money guy in a flipping partnership What else?

Got a lead: a guy might sell 10 units in a prime area. Called right away. He said he is 80, lives alone, and couldn’t manage anymore, so ended up selling it. I was a day late. Instead of hanging up, I wanted to know his story. Here is why I love Real Estate🧵👇

One mental block I struggled with was seeing some properties and not buying them because I couldn't see myself living there. Then it hit me that just because YOU wouldn't live in a home doesn't mean it isn't a good home that would make someone else happy.

The new code interpreter in chatGPT is BLOWING my mind. I just uploaded a data set and asked it to help me find the 20 best and worst real estate markets based on rent growth in the last 5 years. Took all of 30 seconds.

7 Rules of life 1. Never hate. 2. Don't worry. 3. Live simply. 4. Expect a little. 5. Give a lot. 6. Live with love. 7. Always Smile.

There will never be a perfect moment to make THE jump. You will never be ready. You just have to DO IT.

Hot take: The "value" of a property is entirely subjective. It is worth what someone will pay for it. If you offer me a 200k house that will rent for $2,000 a month. I'll actually give you 300k for it if you agree for me to pay you just $200 a month until paid in full. I don't care about the price. I care about the terms.

Paul Graham in 2008 on why build in a bad economy

Over the years, I have found that hackers are the best teammates. They have an “I’ll figure it out no matter what” attitude. But I have also found that the hacker mindset can’t be taught! A hacker is just someone who has practiced learning independently, has faced the bottom, and has become exceptionally good at climbing out of it. I’d take a hacker over a fancy degree any day.

Recalibrating your aspirations or changing the path you have been on for years when they no longer align with the life you envision for yourself is the ultimate flex!

Targeting revenue growth instead of cost-cutting has enabled me to grow my portfolio much faster 👇🧵

I studied the richest real estate tycoons, like Sam Zell and Donald Bren, in 2020 My biggest takeaway? You can't only survive recessions, but you can be set for life if you are methodical. Here is the full risk mitigation framework I extracted from their advice👇🧵

There are 3 main mistakes I have seen investors make in my community when analyzing a deal. Here is one big one --- Not understanding how to adjust property taxes correctly - either when you buy or sell the property or while you're holding onto it. The way property taxes are assessed can be totally different depending on what state or even what county or city you're in. Some states reassess property values right away when a property is sold. That means the property tax value is based directly on the purchase price of the property. Other states don't reassess the property value immediately when it's sold. Instead, the assessed value for tax purposes is based on the previous year's value and a specific growth rate applied to that figure. In some states, property values are reassessed on a regular schedule (like every X years), and then that reassessment is phased in over time. This is the most unpredictable scenario since property taxes can go up unexpectedly at different points during your ownership period. Knowing ahead of time how this is all going to work is crucial if you want your cash flow projections to be on point. And that's pretty important, since it can affect both the timing and amount of expected cash flows. In lots of cases, it can even have a big impact on your NOI during operations or even your sale value down the line. So please don't take it lightly. P.S - The other 2 mistakes are covered in my upcoming newsletter(link in bio); too much to cover here.

My goal was 10 rentals in 2 years. In less than 2 years, I had 40! The biggest driver? Getting working partners. But most partnerships fail, so how do you make it work? Some tactical lessons I have learned🧵👇