I had to take a picture of these checks
It almost felt unreal at the time
Still feels like a ton despite being in the middle of a deal that needs $2m
Here’s how these checks landed up in my hands 👇
Common sense told me public saunas are for relaxing
So they should be relatively quiet…..
I come to find out that isn’t common sense
People blasting sh*tty music, chewing gum like a horse, making weird sounds, etc
Roid heads at the gym are always letting cable machines slam
But then are the first to complain shit is broke
It must break their brain, causing them to break the machines
There is really one thing you need to understand to make money in real estate:
A direct increase in NOI has a disproportionate effect on building value.
1,000 dollar increase to NOI increases building value by $14,285.00 at a 7 cap.
It really is that simple.
Stafford has been great this year
Totally deserving of MVP
But man he has ALL day, barely seen him pressured all year
Dudes got time to pick his nose in the pocket
#RamsHouse#SeahawksHouse#NFL
Actually a good TNF game tonight @NFLonPrime
But…..it’s October, that means a fun C level horror movie will be on @SYFY
I can’t catch the horror movie highlights tomorrow
I had to take a picture of these checks
It almost felt unreal at the time
Still feels like a ton despite being in the middle of a deal that needs $2m
Here’s how these checks landed up in my hands 👇
In most cases they don’t make numbers/financial sense either
Leave the homes to families
Invest in more profitable, cash flowing asset like Multifamily
Or set it and forget it with B-I-T-C-O-I-N
Acquired this property in 2023 for $119,000/unit. Appraised at $190,000/unit 2 years later.
Nothing fancy. Just boring Class B value add in a boring market.
Executing cash out refi this week. Returning 40-45% of capital.
Here are the terms for you finance nerds: