Joined October 2015
- Tweets 10,126
- Following 3,618
- Followers 1,421
- Likes 26,399
2,280 Photos and videos
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Moving to Arizona? Let us help you find your perfect home Shift1Properties.com #Arizona #realestate #Scottsdale #CaveCreek #Carefree #FountainHills #Phoenix #homesforsale #Realtor #houseforsale
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Searching for your perfect community and homes in Scottsdale, Arizona just became a whole lot easier… bhhs.com/arizona-properties-…
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Tip: To every “X”pert spouting about rates coming down due to supposed deal w Iran… let’s talk in 2 wks. The Financials haven’t changed and the big money doesn’t buy into headlines. 😉
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Love this! Stay Positive 💪🏽
On this Sunday ☀️ in the summer I have one hope … this video hits perfectly for just a few people and starts the process of changing their perspective.
Stop 🛑 rolling in the mud, looking for yuck, listening to those who are hurting thus want you to see the dark … start aiming for the sunshine ☀️ the hope, the optimism and most of all .. knowing you’re in control of how you see the world 🌍 …. Unfortunately too many are selling fear and lack of hope and anger … I choose the opposite and feel that everyone consuming this video is capable of getting out of their rut … especially if they simplify their world and focus on what they can control and who they spend time with 🧡💙
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Today we honor the Flag that represents our liberties and freedoms to ow... youtube.com/shorts/oP3JhupgQ… via @YouTube
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Today we proudly honor the Flag of the United States of America — the enduring symbol of the freedoms and liberties that make property ownership possible and the American Dream a reality. We’re here to help make that dream come true. 🇺🇸
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You make your money on the Buy side of the deal.
Jun 13
I've been buying apartments for over 30 years, and right now I'm seeing something I've only seen a couple of times in my whole career.
You can buy commercial real estate today for about 25 cents on the dollar, well below what it would cost to build it.
Here's how that happened, and it's really just math.
Back in 2021 and 2022 money was cheap, so a $10 million building with a 3% mortgage was throwing off around $160,000 a year in cash flow, and everybody was happy.
Then inflation hit 9.1% in June of 2022, the Fed reacted, and rates climbed. If that owner had floating rate debt, the payment kept rising until the debt service ate the whole building, and a deal that used to cash flow is now losing money every month.
So now the equity is gone and the lender effectively owns the building, and that is exactly the kind of deal I want, because I would much rather talk to the lender than the owner.
Let me give you a real one. We just bid $8 million on 278 units in San Antonio, 5% occupied and owned by a lender.
I'll be all in around $16 to $20 million after the work, and that same property appraised at $45 million in 2021.
And the reason this matters so much is that we are also almost 4 million rental units short in this country, so once this distress clears, rents and values are going to move back up.
I did the exact same thing between 2010 and 2014, buying at 30, 40, 50 cents on the dollar, holding it, and managing it well, and for my family that turned into generational wealth.
So the lesson of course is that you make your money when you buy, and a window like this does not stay open very long.
Right now it is open.
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Mike Zschunke, Shift1 Properties Arizona / BHHSAZ retweeted
Feel Free to download my contact card directly for all your Arizona Real Estate needs. x.com/shift1props/status/206…
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America 🇺🇸💪🏽
Jun 13
God Bless America 🇺🇸
First look at the historic Freedom Jump.
@blckriflecoffee
@TravisPastrana @mmgeneral @Jeremymcgrath__ @RickyCarmichael @twitchthis
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Know your limits. Got a bit too close to my annual heat stroke this morning so turned around less than 1/2 mile from the top. 🤮🥶🥴 #BeSmart
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We support God, Family & Freedom anyday. Let’s Go @sherifflamb1 🇺🇸💪🏽
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Heading out to Superstition Mtns shortly to try and find Paradox Rock from Firstwater Trailhead. Who’s coming? 45min East of Scottsdale
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Like and Subscribe to our @YouTube channel for everything Arizona. Real Estate, Hiking, Biking and Scottsdale Living. youtube.com/@azrebroker?si=1…
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Mike Zschunke, Shift1 Properties Arizona / BHHSAZ retweeted
Jun 12
The first trillionaire in human history
- Elon Musk
- Born in South Africa
- Bullied relentlessly as a kid
- Immigrated to North America
- Arrived with a backpack and a dream
- Built Zip2 with his brother
- Sold it 4 years later for $300 million
- Co-founded PayPal with the profits
- Revolutionised digital payments
- Sold PayPal to eBay for $1.5 billion
- Bet everything on Tesla and SpaceX
- Got mocked for electric cars
- Got laughed at for reusable rockets
- Nearly went bankrupt in 2008
- Kept building anyway
- Turned Tesla into the world’s most valuable automaker
- Made EVs mainstream and transformed the automotive industry
- Made reusable rockets a reality
- Reduced the cost of reaching space by 95%
- Sparked the modern commercial space race
- Built Starlink and connected millions around the world to high-speed internet
- Turned SpaceX into the most valuable private company in history
- Bought Twitter for $44 billion
- The world said he overpaid
- He was called reckless, stupid & crazy
- Advertisers fled, media declared it dead
- Critics called it the worst acquisition in tech history
- Renamed it 𝕏
- Rebuilt the platform anyway
- Turned it into one of the most influential platforms on Earth
- Launched xAI and accelerated the global AI race
- Sent astronauts to space
- Is trying to get humans to mars
- Created millions of jobs
- Generated hundreds of billions in value
- Inspired an entire generation of builders
Before:
- Failed repeatedly
- Worked insane hours
- Slept in factories and offices
- Got bullied, laughed at and mocked
- Constantly told “it’s impossible”
- Kept building anyway
- Made it possible
Today:
- Richest person on Earth
- First trillionaire in human history
- Largest IPO in history $1.77 trillion
Most people quit when the world laughs at them.
Elon Musk built the future instead.
Love him or hate him…
Nobody has changed more industries in a single lifetime.
Payments. Cars. Energy. Space. Social Media. Communications. AI.
History won’t remember the people who said it couldn’t be done.
It will remember the people who did it anyway.
Congratulations Elon.
The first trillionaire. 🚀
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Mike Zschunke, Shift1 Properties Arizona / BHHSAZ retweeted
Jun 12
Axon has officially entered the Scottsdale City Council race. 💵💵
"Better Together"—an Axon front group—has begun flooding the airwaves with attacks on frontrunners Bob Littlefield, Michelle Ugenti-Rita, and me—the only candidates who stood up to their massive apartment project and continue to oppose their goal to turn Scottsdale into a city that "surpasses Seattle."
They have unlimited resources and will use them to elect rubber-stamp loyalists.
If you don’t want a massive corporation impacting our council election by hand-picking your City Council members, chip in and help me fight back: ReelectBarry.com/
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Did you know that 90% of Canada's Green Leafy Vegetables come from Yuma, Arizona?
"Canadian consulate returns to Phoenix to boost Arizona trade" - Phoenix Business Journal bizjournals.com/phoenix/news… via @phxbizjournal
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Prescott Valley is an easy sell this time of year... "Hunn Development buys 200 acres in Prescott Valley for 1,100 homes" - Phoenix Business Journal bizjournals.com/phoenix/news… via @phxbizjournal
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Arizona has an ocean of water below it... access can be a challenge thanks to politicians but we have plenty of groundwater and use much less than years ago. Know the facts. "Colorado River compact talks stall as September deadline nears" - Phoenix Business Journal bizjournals.com/phoenix/news… via @phxbizjournal
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Smart Buy... "New York investor acquires 147-unit Acoya Shea in Scottsdale" - Phoenix Business Journal bizjournals.com/phoenix/news… via @phxbizjournal
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Today’s full unedited Arizona Real Estate Market Chat w Mike Zschunke, Berkshire Hathaway AZ Properties Scottsdale
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