Intro… - 21 y/o college student - Building a real estate business - Addicted to stocks & options - Fitness & outdoor junkie (just like everyone else) - Most importantly, a system skeptic Cheers to all the connections I’ll make here.

🫡 #USA

If you want greatness, expect resistance.

Nothing makes you more dangerous than figuring out exactly what you want.

Too many folks I talk to think they can buy a duplex or two a year or flip a house and get rich off of real estate. There is nothing wrong with that and I’m sure in the long term it could work. In reality a duplex will cashflow you a few hundred bucks a month but if the furnace goes out…there goes a year of cashflow. Or flipping a house, great profit…just to give 30% of it to the IRS. You aren’t creating any real wealth. Reality is, you need to go bigger in real estate to make an amount of money that changes something in your life. (Isn’t that the reason we are all doing this?) And I’m not talking about syndicating or using other people’s money. You shouldn’t focus on getting into real estate. You really need to focus on your income, getting it up & saving as much of it as you can. Find a way to make a strong income and allow those funds to grow your portfolio. Getting into real estate to make loads of money is the incorrect thinking. You should be thinking, ‘how can I work my ass off to make a huge income for a few years’, then use that money to buy bigger real estate that profits way more much each month and you can make a true business out of it. Doing a few small deals to try and grow your portfolio or net worth ain’t it and it isn’t worth it. Yes I know this is easier said than done and some people can’t get a larger income to scale faster. I get it and know it’s not possible for everyone. I spent the last 8 years pushing my brokerage income to the max. I had a really strong 8 years and rolled all those funds into the $13M personal portfolio I have today. I can never sell another piece of real estate for a commission check and comfortably sit back and live off the cashflow my portfolio creates. But I like what I do on the brokerage and operator side and I like nice things…so I’ll keep on keeping on ;) I hope this encourages someone to buckle down and go bigger, quicker!

It takes everyone a different amount of time to realize everyone is just thinking about themselves, no one was watching, and you should’ve just done whatever the fuck you wanted to all along.

If you're a young, hungry man in his early 20s, late teens TAKE RISKS Don't listen to what your parents say. Take risk right now because there's never been a better opportunity for young guys like us. Your parents don't understand technology like we do. They didn't grow up having Instagram when they were ten years old. I was lucky enough to have parents who let me try and fail with whatever the hell I did in life. I had the option to go to college or go to trade school. If you let your parents control every facet of your life as a late teen or early 20-year-old, you are absolutely fucked. Take risks. You are only young once, and the market is changing extremely fast. Do whatever it takes to take advantage of this golden AI opportunity.

Well I suppose I learned last summer that life is short, definitely too short for holding grudges.  So when @GamebredFighter said he wanted to sit down and break bread of course I took him up on it.  Today he came to Wisconsin, sat down had some dinner and chatted it up.  Turns out we have more in common than different 👊👊👊  Felt great to bury the hatchet and make a new friend.  Life is too short to hold grudges, bury hatchets and move one with your life.  So glad Jorge was able to come to Wisconsin today.

The human brain isn’t designed to process all of the world’s breaking emergencies in realtime.

Young RE Investors, a word about navigating the early years: First priority: You need to get wins on your track record as soon as you can. Period. Those early deals are critical to building your story. Doesn't matter if they're small or in the worst part of town (in fact, that's often better...people love that story). You need to demonstrate that you can be a responsible steward of investor equity, debt, staff, and capital projects. It is far easier to do that when you've done something...not selling what you "plan to do". If you intend to raise capital, you're going to have to pay an inexperience premium on those returns until you've earned the right to ask for more. Those early deals will probably be skinny for you. If you have your own capital, that's ideal. Building with and risking your own capital will show early investors that you were willing to bet on yourself before you asked them to bet on you. (And hey, you may find you make enough money to avoid investors altogether, as managing LPs is its own animal that some would rather avoid. I love it, but I'm a psycho.) Anyway, if you are broke and all you've got is relentless ambition, that's fine, but just know you'll probably have to give up the house on the early deals to get investors to trust you (unless you've got friends and family that will take a flyer on you...but be careful with that. Christmas gets awkward when you lose your Mom's money). As you prove yourself - and as you demonstrate that capital placed with you is in good hands - you can progressively expect more compensation for your work. Remember: All (smart) investors are doing a risk/reward analysis on their capital...and the biggest risk of all for LPs is the operator themselves. Meditate on that. Intelligent LPs are assessing YOU far more than they are the deal itself. If you can demonstrate that you are an exceptionally competent operator with a track record of repeated success, you can justifiably expect more....and investors will happily accept it in exchange for (more) certainty of execution. You will get there as you build a track record over time. This is the path we followed. It was slow. Years flew by. 2013 - 11 units (1 investor) 2014 - 69 units (2 investors) 2015 - 28 units (3 investors) Not kidding. That's how slow it was. One deal a year. But then we sold those 3 deals. Started building proof of concept. 2016 - 34 units (8 investors) 2017 - 156 units (24 investors) 2018 - 128 units (32 investors) 2019 - 611 units (108 investors) Today we've done 32 projects full cycle and hit pro forma on all of them. We're at 3600 units acquired and 400 investors with a waiting list for new ones. As such, after 13 years we've earned the right to be well-compensated for our work. Give yourself time. Buy good deals. Build exceptional systems. Develop a track record. Everything else will fall into place. Real estate is a long game. Play it as such.

I am so bullish on the real world. Group events. Cookouts. Sports. Parties. Animals. Music festivals. Phoneless dinners. Co-living centers. Healing centers. Retreat centers. Beautiful views. Group adventures. These things light me up. Tech, ai, and materialism continue to disguest me more every day. The pendulum has swung too far. A small group of soulless nerds will continue to obsess over ai, automation, effiency, and the intellect. But those of us connected to our hearts and spirits are becoming disgusted by it. We want real, and we want human. Expect a huge countersurge of irl businesses and events in the next few years.

RT @espn: OH MAMA DON'T YOU CRY 🦅 USA HOCKEY IS GOLDEN FOR THE FIRST TIME SINCE 1980 🥇🇺🇸

Careers are dead. Jobs are dying. Opportunities arising.

Legends don’t chase. They attract 💯😎

Alright ReTwit, I just finished Trammell Crow: Master Builder. If you’d like to read it next, like and retweet this post. I will pick a winner and mail it to you next week. Rules: Must stay in ReTwit. Whoever read it last pays for shipping to the next person.

Don’t take life for granted! Build the person you want to be every day, brick by brick! Masterpieces aren’t made overnight!

Why Uncertainty Is the Real Enemy.

Practice talking to random people in your life. Local coffee shop person, people at your gym etc... You need to hone and sharpen your speaking skills at all times. It is essential for a business like real estate.

The single most important thing you can do in your professional life is to find the kind of work that doesn’t feel like work for you. Do not rest until you find whatever that thing is. And then find out how to make money with it.

Learn construction if you want to get into real estate. Being able to properly manage a building takes a lot of construction knowledge. Being able to acquire a good property also takes a lot of construction knowledge.

Has anyone ever used Data Syndicate to pull all types of courthouse leads? They say they're fresh leads but idk...