#  @bavedikian Brandon Avedikian Brandon Avedikian posts on X about commercial real estate, money, if you, business the most. They currently have [-----] followers and [----] posts still getting attention that total [-------] engagements in the last [--] hours. ### Engagements: [-------] [#](/creator/twitter::381706100/interactions)  - [--] Week [---------] +5,917% - [--] Month [---------] +452% - [--] Months [----------] +13,512% - [--] Year [----------] -23% ### Mentions: [--] [#](/creator/twitter::381706100/posts_active)  - [--] Week [--] +56% - [--] Month [--] -16% - [--] Months [---] +920% - [--] Year [---] -19% ### Followers: [-----] [#](/creator/twitter::381706100/followers)  - [--] Week [-----] +1.70% - [--] Month [-----] +1.80% - [--] Months [-----] +45% - [--] Year [-----] +48% ### CreatorRank: [------] [#](/creator/twitter::381706100/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) [technology brands](/list/technology-brands) [stocks](/list/stocks) [countries](/list/countries) [celebrities](/list/celebrities) [social networks](/list/social-networks) [automotive brands](/list/automotive-brands) [travel destinations](/list/travel-destinations) [musicians](/list/musicians) [luxury brands](/list/luxury-brands) **Social topic influence** [commercial real estate](/topic/commercial-real-estate), [money](/topic/money), [if you](/topic/if-you), [business](/topic/business), [cre](/topic/cre), [in the](/topic/in-the) #3671, [debt](/topic/debt), [insurance](/topic/insurance), [investment](/topic/investment), [ai](/topic/ai) **Top accounts mentioned or mentioned by** [@bethanyjbabcock](/creator/undefined) [@moseskagan](/creator/undefined) [@coydavidsoncre](/creator/undefined) [@tophernow](/creator/undefined) [@jeffdthompson](/creator/undefined) [@realestatetrent](/creator/undefined) [@themoregalado](/creator/undefined) [@dallasaptgp](/creator/undefined) [@investinglaw](/creator/undefined) [@sweatystartup](/creator/undefined) [@creleasinglawtx](/creator/undefined) [@kcmolzer](/creator/undefined) [@smbattorney](/creator/undefined) [@beckreit](/creator/undefined) [@scottdaviscre](/creator/undefined) [@rabois](/creator/undefined) [@girdley](/creator/undefined) [@cregir1](/creator/undefined) [@creisummit](/creator/undefined) [@cremattsd](/creator/undefined) **Top assets mentioned** [Microsoft Corp. (MSFT)](/topic/microsoft) [Costco Wholesale Corporation (COST)](/topic/costco) [Opendoor Technologies Inc Common Stock (OPEN)](/topic/$open) [Uber Technologies, Inc. (UBER)](/topic/uber) [Alphabet Inc Class A (GOOGL)](/topic/google) ### Top Social Posts Top posts by engagements in the last [--] hours "@maxfisherRE Depends on the specialty. The majority of our business is Landlord Rep. A salary makes the most sense in the beginning because new agents have to learn the process in order to be able to represent Landlords. Tenant Rep & Inv Sales are different" [X Link](https://x.com/bavedikian/status/1695840127279300670) 2023-08-27T16:46Z [---] followers, [--] engagements "Land seems to be the only real estate asset class where pricing has not budged at all due to the rise in interest rates. If anything land prices are still going up (at lease in the areas I focus on). Anyone seeing different" [X Link](https://x.com/bavedikian/status/1696757993499402469) 2023-08-30T05:33Z [---] followers, [--] engagements "@ShlomoChopp Special servicers seem to almost always act in the interest of themselves (make fees) and not the debt holders. Has never made sense to me" [X Link](https://x.com/bavedikian/status/1696763501199376705) 2023-08-30T05:55Z [---] followers, [--] engagements "@CoyDavidsonCRE The great thing about leasing is leases expire and tenants have to make decisions irrespective of where interest rates are or what is going on in the capital markets" [X Link](https://x.com/bavedikian/status/1699260468341203413) 2023-09-06T03:17Z [---] followers, [--] engagements "@TeamHerrold Congrats What is #reit Real estate investment trust seems too obvious and I feel like I am unaware of a new hip acronym" [X Link](https://x.com/bavedikian/status/1699601147609137532) 2023-09-07T01:51Z [---] followers, [---] engagements "@blake_hagz I see. What is the SF delineation between office and retail How close in proximity are the properties It will be very challenging to be profitable at 500K SF unless you have a Class A office asset of at least 150K SF. If they arent in close proximity its even tougher" [X Link](https://x.com/bavedikian/status/1699621433364640182) 2023-09-07T03:11Z [---] followers, [--] engagements "@bethanyjbabcock Amazing the bank had the right to reappraise and adjust the equity required when loan payments were being made (Im assuming loan payments were being made)" [X Link](https://x.com/bavedikian/status/1701074608235905172) 2023-09-11T03:26Z [---] followers, [--] engagements "The masses tend to think things will remain as they are. When the market is good (be it the real estate market stock market etc.) the masses behave like the market will always be good. When the market is bad the masses behave like it will remain bad forever. This causes asset prices to be priced illogically high on the upside and in turn illogically low on the downside. Money is made in investing by not thinking this way. When you hear stories from past downturns about assets being bought at prices that are now hard to comprehend it is natural to think the owners were in the right place at" [X Link](https://x.com/bavedikian/status/1701682500957823434) 2023-09-12T19:41Z [---] followers, [--] engagements "@maxfisherRE I once sold roughly $750K worth of real estate to a buyer that purchased through an IRA. They had to jump through many hoops pay exorbitant fees and it seemed like a miserable process. Might make sense for a much larger deal but the juice didnt seem worth the squeeze" [X Link](https://x.com/bavedikian/status/1703237221417951728) 2023-09-17T02:39Z [---] followers, [---] engagements "@ToddToddP123 @commbankerguy @unusual_whales If rates go back down to 5% any time soon that means there has been a major economic downturn causing the fed to cut rates. Im getting over 5% in a liquid quasi savings account right now. There is no quick path to seeing 5% mortgage rates again barring a massive recession" [X Link](https://x.com/bavedikian/status/1703479910214332440) 2023-09-17T18:43Z [---] followers, [----] engagements "@Chazzym22 The only way rates are back in the 5%'s early next year is if we have a massive economic crash in Q4 at which point your interest rate will not be your chief concern" [X Link](https://x.com/bavedikian/status/1703802099132252299) 2023-09-18T16:04Z [---] followers, [----] engagements "I have been saying this since April 2020: the office market will be absolutely horrendous until there is a considerable economic downturn. In a downturn it is not challenging for employers to hire talented people on the employers terms (which for most employers will mean mandatory in-office attendance). When employers are fighting over talent and it is near impossible to recruit good people the employees make the rules. When employers cant get employees to come to the office they tend to not lease nearly as much office space" [X Link](https://x.com/bavedikian/status/1704663074399989832) 2023-09-21T01:05Z [---] followers, [---] engagements "CoStar's market cap is higher than the combined market cap of CBRE JLL and Newmark. Take CBRE out of the picture and CoStar's market cap is more than 2x the combined market of all other major publicly traded CRE brokerages (JLL Newmark Colliers and Cushman & Wakefield) with more than $2.5 billion to spare. When I meet with CoStar I never pass up the opportunity to throw a couple "friendly" jabs. I say friendly because every CoStar employee I've ever interacted with has been great and professional on a personal level. As a company however CoStar is a monopoly. And they act like it. Example of" [X Link](https://x.com/bavedikian/status/1705247164832592336) 2023-09-22T15:46Z [---] followers, [----] engagements "@sweatystartup And the only way rates go down meaningfully in the next [--] months is if there is a major economic downturn. Wild times are coming either way. In some cases wild times are here already" [X Link](https://x.com/bavedikian/status/1705956933444776410) 2023-09-24T14:46Z [---] followers, [--] engagements "If I knew what interest rates were going to do I wouldnt be here. In fact I wouldnt waste time with real estate at all. I would be trading bonds and I would be a multi billionaire. -My default response when asked what is going to happen w interest rates over the next year" [X Link](https://x.com/bavedikian/status/1706106251757654408) 2023-09-25T00:40Z [----] followers, [---] engagements "Aspire Commercial officially signed up team member #6 today. We have now tripled our headcount since inception in April [----]. During a time of turmoil in the industry we are aggressively making investments to grow. Exciting times ahead 🚀" [X Link](https://x.com/bavedikian/status/1709730588624584706) 2023-10-05T00:41Z [---] followers, [---] engagements "@girdley @sweatystartup Much of which is happily earning more than 5% risk free" [X Link](https://x.com/bavedikian/status/1709928263576060032) 2023-10-05T13:47Z [----] followers, 10.6K engagements "There is a lot of talk about how hard it is to raise capital right now but what about prefs Are they changing Most LP investment opportunities I am seeing continue to be 8% prefs with a 20-40% promote. Shouldnt prefs correlate with rising risk free rates at least to some extent When risk free rates are 3% an 8% pref allows the investor to receive a 2.7x return compared to the risk free rate before giving an operator a promote. At 5.5% risk free rates an 8% pref yields the investor less than a 1.5x return on the risk free rate before giving an operator a promote. Am I thinking about this wrong" [X Link](https://x.com/bavedikian/status/1710047416135585999) 2023-10-05T21:40Z [---] followers, [---] engagements "@realEstateTrent When asked what interest rates are going to do my default response is If I knew what interest rates were going to do I wouldnt be here. In fact I wouldnt waste time with real estate at all. I would be trading bonds and I would be a multi billionaire" [X Link](https://x.com/bavedikian/status/1710134847123976520) 2023-10-06T03:28Z [---] followers, [--] engagements "@moseskagan Maybe it will be AI and not interest rates that ends up weakening employment significantly over the next few years" [X Link](https://x.com/bavedikian/status/1711368817048211912) 2023-10-09T13:11Z [---] followers, [---] engagements "@Levijameshere I invested in one in Q4 [----] wherein Id be PUMPED to get 50% back. And they have beaten underwriting by quite a bit in terms of rent growth" [X Link](https://x.com/bavedikian/status/1711559933311832153) 2023-10-10T01:51Z [---] followers, [----] engagements "@mikebeckhamsm Chipotle has made a mint off me as well (for almost [--] years now) and will continue to do so" [X Link](https://x.com/bavedikian/status/1712966477618319615) 2023-10-13T23:00Z [----] followers, [--] engagements "@GuyDealership I bought a new vehicle over the summer. There were numerous manufacturers offering low interest financing. I ended up getting a loan at 4% interest instead of paying cash. The cash is earning more than 4% in a liquid money market account. Im sure these offers are still out there" [X Link](https://x.com/bavedikian/status/1716302502277030147) 2023-10-23T03:56Z [---] followers, [---] engagements "My [--] year old figured out yesterday how to speak clearly enough to Alexa for Alexa to listen. Ill never be able to listen to a song for more than [--] seconds in my kitchen again" [X Link](https://x.com/bavedikian/status/1718385759953039721) 2023-10-28T21:54Z [---] followers, [---] engagements "@BNBlumenthal Depends somewhat on the deal specifics but generally: LL - lease securitization TT - expansion rights" [X Link](https://x.com/bavedikian/status/1720294939290943904) 2023-11-03T04:20Z [---] followers, [--] engagements "@BNBlumenthal Agreed. When I use the term securitization I mean either the tenant has strong credit or there are other means with which to protect LL (higher deposit corp guaranty etc.)" [X Link](https://x.com/bavedikian/status/1720414541866053859) 2023-11-03T12:16Z [---] followers, [--] engagements "@sweatystartup I agree with the above but the below should be caveated to only apply to businesses that are at least [--] years old. In the beginning working 70+ hours a week may be the only way to get the significant cash flow needed to enable delegation" [X Link](https://x.com/bavedikian/status/1721262259391852680) 2023-11-05T20:24Z [---] followers, [--] engagements "I have only been an active participant on #CREX / #retwit for a very short period of time but one of the best parts so far has been connecting with people I otherwise would not have. Met @CoyDavidsonCRE for coffee today. Great conversation with one of the pioneers of using this platform to distribute valuable CRE content. Had a virtual meeting with @CRELeasingLawTX today and learned about her business. Will definitely be sending CRE leasing work her way Last week I had coffee with @CREgir1 - a rising star in the industry that is wise beyond her years and has hustle and determination that is" [X Link](https://x.com/bavedikian/status/1722045780435820855) 2023-11-08T00:18Z [---] followers, [----] engagements "@jchal Congrats and well done" [X Link](https://x.com/bavedikian/status/1726791467484803568) 2023-11-21T02:35Z [---] followers, [--] engagements "Want to know what industry absolutely prints money when the White House is controlled by those hostile towards oil & gas Law firms that represent oil & gas companies in disputes with the federal government. I recently met with an old friend that is a lawyer in this niche. They are making unfathomable amounts of money right now. The government comes after their clients on anything and everything they can come up with to try and prevent oil & gas production. These policies drive energy prices up making the stakes to fight the government even higher for the energy companies. These companies" [X Link](https://x.com/bavedikian/status/1727164905583751522) 2023-11-22T03:19Z [---] followers, [---] engagements "Just ate at Marias Mexican Kitchen on University Dr in Fort Worth. Has to be one of the best Mexican restaurants Ive had and that is saying a lot Their enchiladas are among the best on the planet. Will have to come here every time we are in DFW moving forward" [X Link](https://x.com/bavedikian/status/1727432155536781486) 2023-11-22T21:01Z [---] followers, [---] engagements "@TopherNOW Assuming the stuff works for weight loss it will be a drag on the health care system for sure which would be great news" [X Link](https://x.com/bavedikian/status/1727735835141812623) 2023-11-23T17:08Z [---] followers, [---] engagements "@DallasAptGP Yikes. Sorry to hear. My bank calls me every time I send an ACH or wire no matter how small and even when it is to recurring recipients. This is a reminder to not be annoyed about these calls" [X Link](https://x.com/bavedikian/status/1728272010076393946) 2023-11-25T04:38Z [---] followers, [---] engagements "@Gordon_CRE Id get into the trades. Plumbing HVAC electrical" [X Link](https://x.com/bavedikian/status/1728767557044441265) 2023-11-26T13:27Z [---] followers, [--] engagements "@TopherNOW Renovated a house. Bad decision. I rent now :)" [X Link](https://x.com/bavedikian/status/1728767840277430421) 2023-11-26T13:29Z [---] followers, [--] engagements "@CoyDavidsonCRE Predictions" [X Link](https://x.com/bavedikian/status/1728853210872582510) 2023-11-26T19:08Z [---] followers, [---] engagements "@BeckReit Thank you Enjoyed learning about your business. Lets run in back next time you are in town" [X Link](https://x.com/bavedikian/status/1728857486130807279) 2023-11-26T19:25Z [---] followers, [--] engagements "@CoyDavidsonCRE @_bailey_g Im meeting with him on Thursday" [X Link](https://x.com/bavedikian/status/1729706659398795530) 2023-11-29T03:39Z [---] followers, [---] engagements "@DallasAptGP CRE brokerage and bootstrapping a company" [X Link](https://x.com/bavedikian/status/1729975809312522376) 2023-11-29T21:29Z [----] followers, [---] engagements "This is a very interesting point I have never considered. The clients of commercial agents are those that own buildings or own/run businesses. They dont need protection by and large. They can gauge if someone has the expertise and professionalism required to provide the services they need by having conversations and asking questions. Ive always maintained that it makes no sense for residential and commercial licenses to be the same but people have been saying this for years and it will probably never change for a simple reason - although the intent of the law is to protect consumers as" [X Link](https://x.com/bavedikian/status/1730432478408487298) 2023-12-01T03:43Z [---] followers, [----] engagements "@DallasAptGP Great point. And this fact further emphasizes the validity of Bethanys observation" [X Link](https://x.com/bavedikian/status/1730433504536662159) 2023-12-01T03:47Z [---] followers, [--] engagements "@CoyDavidsonCRE I'd have no problem with that. Either make it legitimate for commercial or do away with it entirely. Current system is simply a pointless tax on both money and time for the CRE brokerage industry" [X Link](https://x.com/bavedikian/status/1730438634434638269) 2023-12-01T04:08Z [---] followers, [--] engagements "@CoyDavidsonCRE @_bailey_g @scottdavisCRE @CREgir1 @RetailBrokerHTX @JeffSwearingen8 @ZeroBasis December [--] [--] PM The Rustic in Uptown Park Let me know and I will make us a reservation" [X Link](https://x.com/bavedikian/status/1730439318131401173) 2023-12-01T04:10Z [---] followers, [--] engagements "@DallasAptGP Congrats" [X Link](https://x.com/bavedikian/status/1730802692979556568) 2023-12-02T04:14Z [---] followers, [--] engagements "@CoyDavidsonCRE One of the most broker unfriendly landlords Ive seen in my career. They were especially hated by the brokerage community in Dallas. I know several brokers up there that wouldnt put one of their buildings on a survey under ANY circumstances" [X Link](https://x.com/bavedikian/status/1731147248921145596) 2023-12-03T03:04Z [---] followers, [---] engagements "@moseskagan We do a lot of leasing and AR can be a problem at times. But you generally know going in if there is credit risk. Recently had a client give the keys back and we lost $25K in outstanding commissions. Knew they were a credit risk and chose to work w them so cant really complain" [X Link](https://x.com/bavedikian/status/1733532329568571425) 2023-12-09T17:01Z [---] followers, [---] engagements "In West Palm Beach for a wedding this weekend. There are no signs we are in an economic downturn at The Breakers. I went to bed early last night because there was a long line of people pushing each other fighting to get in the bar for the privilege of paying $30 for a vodka soda. Went to lunch today however and asked the waitress how business is. I was curious because the place was empty. She said business is very bad and has been since the beginning of [----]. The restaurant is at a place called The Square a really nice high end mixed use development. Based on what I witnessed last night this" [X Link](https://x.com/bavedikian/status/1733558971393274149) 2023-12-09T18:47Z [---] followers, [----] engagements "@DallasAptGP Recently bought two. Its amazing / frustrating how few are available. Vast majority of purchased domains are not used. Owner just waiting for someone to call" [X Link](https://x.com/bavedikian/status/1733594245850608110) 2023-12-09T21:07Z [---] followers, [---] engagements "@STLChrisH Commercial real estate brokerage. Budgeting 300% revenue growth but just started the company in April [----]. There were two of us in April and we will be a team of twelve in January" [X Link](https://x.com/bavedikian/status/1736451151183167786) 2023-12-17T18:19Z [---] followers, [--] engagements "Signing closing docs in a hotel lobby on the last business day of [----] 😂" [X Link](https://x.com/bavedikian/status/1740877505454592441) 2023-12-29T23:28Z [---] followers, 11.7K engagements "What should we expect to see in CRE in 2024" [X Link](https://x.com/bavedikian/status/1741525257758929307) 2023-12-31T18:22Z [---] followers, [---] engagements "I woke up this morning thinking it was the first business day of the year fired up to get started. I was interested to learn the first business day of the year seems to be next Monday for most" [X Link](https://x.com/bavedikian/status/1742385197683712253) 2024-01-03T03:19Z [---] followers, [----] engagements "I recently hired a couple residential agents that desired to switch to commercial for a variety of reasons. They need to close out some lingering residential transactions which required me as the broker to purchase an MLS subscription join NAR and join the state and local affiliates of NAR. Here is what I was surprised to learn through this process: - I have no shortage of complaints about CoStars monopolistic business practices. CoStars monopolistic power in the commercial RE industry however pales in comparison to the absolute monopolistic dominance NAR has managed to impose on the" [X Link](https://x.com/bavedikian/status/1742745214085722337) 2024-01-04T03:10Z [---] followers, 34K engagements "@CRELeasingLawTX @ICSC @TeamHerrold @EduardoE_CRE @tyleralley24 Launched our retail division last week and am thinking about making the trip" [X Link](https://x.com/bavedikian/status/1744713516475449567) 2024-01-09T13:31Z [---] followers, [--] engagements "@andrewbermudez I'm kidding. One of my friends in the title business told me about RESPA rules recently. I do not think lunch is prohibited. It is when travel is involved that the rules get really strict" [X Link](https://x.com/bavedikian/status/1744925310116651069) 2024-01-10T03:33Z [---] followers, [--] engagements "@andrewbermudez 😅😅😅" [X Link](https://x.com/bavedikian/status/1744925653336502692) 2024-01-10T03:34Z [---] followers, [--] engagements "@moseskagan Do more writing Especially with what you are doing with reseed and having insights into numerous different markets would be great to read about whats on your mind more frequently" [X Link](https://x.com/bavedikian/status/1745001798476165280) 2024-01-10T08:37Z [---] followers, [--] engagements "@bethanyjbabcock For the low price of $1K per year you could have the privilege of being called one" [X Link](https://x.com/bavedikian/status/1745269897083441185) 2024-01-11T02:22Z [---] followers, [---] engagements "I was on the phone with a Dallas based client this afternoon that mentioned they wont be in the office on Monday due to the weather. I find it fascinating that weather can shut entire states down when other states have the same weather for months on end w no disruption. Needless to say Ill be in the office on Monday" [X Link](https://x.com/anyuser/status/1746038660233838723) 2024-01-13T05:17Z [--] followers, [----] engagements "It is highly annoying that I had to purchase a worthless subscription that I will probably forget to cancel in order to watch the Chiefs vs Dolphins game. On another note its hilarious they show Taylor Swift every time Kelce catches a pass" [X Link](https://x.com/bavedikian/status/1746357408702570677) 2024-01-14T02:23Z [---] followers, [---] engagements "@ChrisRamsey60 Belichick would never work for Jerry. Jerry can only attract coaches willing to be controlled" [X Link](https://x.com/bavedikian/status/1746725558774366258) 2024-01-15T02:46Z [---] followers, [--] engagements "We have some important market insights with the help of my son Cash. And he has a message for toddler commercial real estate agents just starting out" [X Link](https://x.com/bavedikian/status/1748345626377810205) 2024-01-19T14:04Z [---] followers, [----] engagements "@CoyDavidsonCRE This is way overblown. I was listening to a podcast this week talking about Ozempic potentially reducing demand for food in a material way. No chance. The people saying this need to visit Costco at Bunker Hill and I10" [X Link](https://x.com/bavedikian/status/1748575272255865289) 2024-01-20T05:16Z [---] followers, [--] engagements "How much longer until the cameras attached to wires at football games are scrapped in favor of drones" [X Link](https://x.com/bavedikian/status/1748887532475982070) 2024-01-21T01:57Z [---] followers, [----] engagements "@TiltWall Good to have you back. You post good stuff and if your employer isnt supportive of employees being active on social media theres obviously nothing you can do about that" [X Link](https://x.com/bavedikian/status/1748925604685033850) 2024-01-21T04:28Z [---] followers, [--] engagements "Do you know the tallest buildings in Houston Here's a quick rundown of those buildings: Williams Tower Wells Fargo Tower JPMorgan Chase Tower #houstontx" [X Link](https://x.com/bavedikian/status/1749478528582840611) 2024-01-22T17:05Z [----] followers, [----] engagements "@DallasAptGP 😂😂😂😂 congrats" [X Link](https://x.com/bavedikian/status/1749652869458899117) 2024-01-23T04:38Z [---] followers, [--] engagements "@CREgir1 I began my CRE career January [--] [----]. Eight years and counting. I focused exclusively on office the first seven years until I started Aspire Commercial last April. We now have an office industrial and retail division and our property management business launches February 1" [X Link](https://x.com/bavedikian/status/1750010729271308699) 2024-01-24T04:20Z [---] followers, [--] engagements "@tyleralley24 Chipotle is still very cheap for what you get" [X Link](https://x.com/bavedikian/status/1750379245015040245) 2024-01-25T04:45Z [----] followers, [---] engagements "@RobBanzhaf @tyleralley24 I see. When I say its cheap for what you get Im thinking of the grain bowls sold at many different restaurants at a $18 - $25 price point plus tip. Chipotle is better than most and way cheaper" [X Link](https://x.com/bavedikian/status/1750609467715080198) 2024-01-25T19:59Z [----] followers, [--] engagements "One of the most unexpected and rewarding things about being active on social media (X LinkedIn Insta FB) over the past few months is Ive had 10+ people reach out that I hadnt spoken to in over a decade and otherwise may have never connected with again" [X Link](https://x.com/bavedikian/status/1751386312660115543) 2024-01-27T23:26Z [---] followers, [---] engagements "@TheMoRegalado I need this" [X Link](https://x.com/bavedikian/status/1751422200203088359) 2024-01-28T01:49Z [---] followers, [--] engagements "Episode [--] of Aspire Commercial Market Insights features an adorable co-host who may or may not have a thing for dinosaurs. Here are some of my expectations for 2024: - a more stable interest rate environment - a revival of transaction volumes - an invigorated market dynamic - increase in overall activity with more buying selling and strategic moves in the commercial sector. A big thank you to my daughter Ava for her unique take on buildings and for reminding us of the lighter side of life" [X Link](https://x.com/bavedikian/status/1752786721157353943) 2024-01-31T20:11Z [---] followers, [---] engagements "@sweatystartup When he was distracted by the ridiculous metaverse idea it was scary for a bit but he has certainly got it back together now" [X Link](https://x.com/bavedikian/status/1753257659086631345) 2024-02-02T03:22Z [----] followers, [----] engagements "Main takeaway from ICSC: the mood has changed in a meaningful way. Lots of optimism out there again" [X Link](https://x.com/bavedikian/status/1753434614960386493) 2024-02-02T15:06Z [---] followers, [----] engagements "@realEstateTrent Real estate is an illiquid asset as they say" [X Link](https://x.com/bavedikian/status/1753625027927269390) 2024-02-03T03:42Z [---] followers, [--] engagements "There is a very successful real estate entrepreneur that posts great written content on Instagram. How successful Successful enough to have been a guest on The Fort Podcast. It is as if the content was written for X but is posted only on Instagram instead. I told him he should post the same content on X and that he would gain a sizable audience quickly if he did. His response: Thank you and I agree but I will not do anything that supports Elon Musk. A lot to unpack there that I wont get into but it is a shame thats his perspective. He would be a valuable member of this community that many" [X Link](https://x.com/bavedikian/status/1753629966640599438) 2024-02-03T04:02Z [---] followers, [----] engagements "I heard some wild and elaborate stories about internal real estate directors requiring kickbacks from brokers / developers at ICSC this week" [X Link](https://x.com/bavedikian/status/1753871393165382019) 2024-02-03T20:01Z [---] followers, [----] engagements "We need to progress from We do not accept DocuSign signatures. Please print sign and scan back to We do not accept scanned signatures. Please sign via DocuSign" [X Link](https://x.com/bavedikian/status/1755379086128521276) 2024-02-07T23:52Z [---] followers, [---] engagements "@abeklein_ I signed signature cards for a bank account Im being added as a signer for via DocuSign and the bank sent it back and made me print scan and sign. I also have multiple clients that will absolutely not accept DocuSign" [X Link](https://x.com/bavedikian/status/1755385625593659499) 2024-02-08T00:18Z [---] followers, [--] engagements "@rohde88 Having an ownership mentality is important for a broker. Tough to have an ownership mentality if you dont own real estate" [X Link](https://x.com/bavedikian/status/1755504648792711556) 2024-02-08T08:11Z [---] followers, [--] engagements "Superbowl Sunday this weekend who are you picking to win Las Vegas is going to be even more CRAZY than it usually is. And I'm trying to tally up how many times I think we will have to see TSwift. It might be a new drinking game" [X Link](https://x.com/bavedikian/status/1755962451152273446) 2024-02-09T14:30Z [----] followers, [----] engagements "Statement from Peter Riguardi President of JLL New York on letting Bob Knakal go per the @trdny article: At JLL the client comes first JLL comes second and the individuals come third. Thats the true recipe for success. This is incompetence at its finest. One of the dumbest public comments Ive ever seen an executive make. As an entrepreneur that has dedicated my life to disrupting the commercial real estate services industry this is yet another reminder to stay the course and continue doubling down over and over again. By the time these firms wake up to how the world has changed it will be too" [X Link](https://x.com/bavedikian/status/1757974763295707178) 2024-02-15T03:46Z [----] followers, 158.5K engagements "@TheMoRegalado Theyll be lucky if they arent dealing w shareholder lawsuits after a statement like that" [X Link](https://x.com/bavedikian/status/1757976013173080252) 2024-02-15T03:51Z [----] followers, [---] engagements "@CRELeasingLawTX And we will use our balance sheet to ENHANCE your personal brand. If you get any flack we will DEFEND you. The future of CRE brokerage is building a platform that enables brokers to build their brand with a balance sheet behind the effort" [X Link](https://x.com/bavedikian/status/1757979247497408935) 2024-02-15T04:04Z [----] followers, [---] engagements "You are spot on. Thats why I am going to disrupt the industry by building the first social media first brokerage. Our balance sheet will support our people building their personal brands. If people dont like it and attack you we will defend. The future of CRE brokerage is building a platform to enable and enhance brokers efforts to build their brand" [X Link](https://x.com/bavedikian/status/1757982477702832161) 2024-02-15T04:17Z [----] followers, [---] engagements "By being the first social media first CRE services company at scale. We will redefine how CRE firms market themselves their people and their properties. We will be a content and media company that provides CRE services. Our balance sheet will be used to build our peoples personal brands online. We will defend and reward our people for building their personal brand online not get jealous when they are successful. By doing this we will naturally attract people that understand the value of social media. When they join we will have the processes and systems in place to put gasoline on the fire" [X Link](https://x.com/bavedikian/status/1757987867530240369) 2024-02-15T04:39Z [----] followers, [----] engagements "@hez22273 @DanBorsch @trdny Saying clients come first isnt the problem with the statement. Its saying that people come last. My belief is that putting your people last will not result in good results for your clients but clearly JLLs philosophy is different" [X Link](https://x.com/bavedikian/status/1758168116268282018) 2024-02-15T16:35Z [----] followers, [---] engagements "@realEstateTrent People literally talk about interest rates as if they are on a predefined schedule to go down. Its wild" [X Link](https://x.com/bavedikian/status/1758393556312396258) 2024-02-16T07:31Z [----] followers, [---] engagements "@CREAnonymous Its all about the comments JLL made particularly the NY President. Absent the comments none of this wouldve happened" [X Link](https://x.com/bavedikian/status/1758394554204483602) 2024-02-16T07:35Z [----] followers, [---] engagements "@Piker73 @realEstateTrent I understand the fed hasnt cut rates but interest rates on other forms of debt are well off their highs. They could go back up to where they were or higher if inflation spikes back up" [X Link](https://x.com/bavedikian/status/1758408056931594254) 2024-02-16T08:28Z [----] followers, [--] engagements "@CREAnonymous Respectfully but strongly disagree that I took the comment out of context. Prefacing the comment with a statement about it being a pleasure working with Bob doesnt make the comment any better. The comment wasnt even about Bob. It was about their general business philosophy" [X Link](https://x.com/bavedikian/status/1758524913160196185) 2024-02-16T16:13Z [----] followers, [--] engagements "Our plans to disrupt CRE- By being the first social media first CRE services company at scale. We will redefine how CRE firms market themselves their people and their properties. We will be a content and media company that provides CRE services. Our balance sheet will be used to build our peoples personal brands online. We will defend and reward our people for building their personal brand online not get jealous when they are successful. By doing this we will naturally attract people who understand the value of social media. When they join we will have the processes and systems in place to" [X Link](https://x.com/bavedikian/status/1758547813624111157) 2024-02-16T17:44Z [----] followers, [----] engagements "Lots of new followers (thank you JLL) so figured it is time for an intro: After working in the industry for [--] years I founded Aspire Commercial in April [----] with a clear ambition - figure out how to disrupt the commercial real estate (CRE) services industry. From day one I knew there was a once in a generation opportunity to disrupt this boring archaic industry stuck in the 1990s but I had no idea how. Ten months in I know the answer very clearly: Build the first social media first CRE services platform at scale. Invent a new way for a CRE firm to market itself its people its clients and its" [X Link](https://x.com/bavedikian/status/1758704396139974878) 2024-02-17T04:06Z [----] followers, 20.3K engagements "@BPD1776 Couldnt agree more. It is a near insurmountable task. As I tell myself If it was easy it wouldve already been done" [X Link](https://x.com/bavedikian/status/1758893706201960802) 2024-02-17T16:38Z [----] followers, [--] engagements "@keithkirwen @realEstateTrent I dont believe we are quite ready to go international yet but thank you for the offer 😂 😂 😂" [X Link](https://x.com/bavedikian/status/1758894383267561623) 2024-02-17T16:41Z [----] followers, [--] engagements "@natalie_OmniCRE @creisummit I will be at CREi Summit. I look forward to meeting you there" [X Link](https://x.com/bavedikian/status/1759048260688155026) 2024-02-18T02:52Z [----] followers, [---] engagements "A creative strategy some banks are using right now to avoid marking down the value of office building loans on their balance sheet: Put the property into receivership and appoint a receiver to continue operating the property. Meanwhile the bank will offer creative financing terms with way below market interest rates and way above market leverage and find a buyer to assume the loan. If put on the open market to buyers that had to secure debt today or purchase with all cash the asset would sell WAY below the loan balance. With these creative financing terms however some buyers can be convinced" [X Link](https://x.com/bavedikian/status/1760077993882566658) 2024-02-20T23:04Z [----] followers, [----] engagements "I made some aggressive comments about JLL last week following the firm letting Bob Knakal go. I made the comments because in my opinion the firing of Bob in conjunction with the statement JLL released sent a clear message: It is all about JLL and we do not believe our people building their own personal brands is to the benefit of JLL. If you get too big or if we do not like what you say we have no problem letting you go. Let me preface this by saying JLL is a great firm and I have many friends there. Some friends have pushed back on my comments. Some have pushed back HARD. I have been accused" [X Link](https://x.com/bavedikian/status/1760181905679429877) 2024-02-21T05:57Z [----] followers, 57.3K engagements "@RealEstateRahul @Serhant_ Its not inspired from anything existing. We are coming up with and figuring out the path as we go but couldnt be more convicted in the destination" [X Link](https://x.com/bavedikian/status/1760202421404328403) 2024-02-21T07:18Z [----] followers, [----] engagements "@CoyDavidsonCRE Great way to turn the real estate gods against you" [X Link](https://x.com/bavedikian/status/1760497867389616335) 2024-02-22T02:52Z [----] followers, [---] engagements "My buddy and I had the bright idea to purchase a portfolio of Section [--] houses in Ohio a few years back (never again). We sold them recently and some strange things have transpired. The deal closed on January [--]. Title company sent an email saying congrats. Our [----] intermediary confirmed receipt of the funds on the same day. Earlier this month we were told we were responsible for the water bills through January [--] because the public record shows that as the closing date. In Ohio the property owner is responsible for water no matter what. You can make tenants pay per the lease but if they dont" [X Link](https://x.com/bavedikian/status/1760503677389877300) 2024-02-22T03:15Z [----] followers, 15.6K engagements "Good looking team. Proud to be working with these fine individuals - Commercial Real Estate Reimagined" [X Link](https://x.com/bavedikian/status/1762338919474208883) 2024-02-27T04:48Z [----] followers, [----] engagements "Shoot your shot. Sometimes you only have one opportunity to do so. Took the biggest shot of my life today.🙏" [X Link](https://x.com/bavedikian/status/1763338743686267101) 2024-02-29T23:01Z [----] followers, 22K engagements "Right now is a terrible time to buy a house. I am not a residential real estate expert but common sense and recent anecdotal feedback Ive heard from residential agents says to stay on the sidelines. - Supply is artificially low because so many people with 3% mortgage rates will delay moving as long as possible. - Mortgage rates are up but prices are not down due to the artificially low supply. - There are bidding wars on homes that are priced right. If its not moving there is a reason. Do you really think it is a smart bet to assume that somehow homes will be the only real estate asset class" [X Link](https://x.com/bavedikian/status/1763386105758371917) 2024-03-01T02:09Z [----] followers, [----] engagements "@skylarromines Please do share these horror stories with me" [X Link](https://x.com/bavedikian/status/1763452014426550358) 2024-03-01T06:31Z [----] followers, [---] engagements "I got really into bitcoin and crypto back in [----]. Wild things were happening at the time. I had a buddy that was an early adopter that invested $5K that turned into $250K. At the time I thought $250K was life changing money. I couldnt miss out. Had to get in. I made a deal with myself: Decide the maximum amount of money you are willing to never see again. Invest it into these highly speculative assets/securities/currencies (still not sure exactly what they are) but you are not allowed to touch it for at least [--] years. I decided the number was $12500. I invested most into bitcoin some into" [X Link](https://x.com/bavedikian/status/1763763216172138557) 2024-03-02T03:08Z [----] followers, [----] engagements "I know it sounds crazy when some random guy with a weird last name says his company is going to disrupt the commercial real estate services industry. But I have no doubt we will. Why am I so confident Because when I set my mind towards something I become hyper focused. Some (i.e. my wife) would say obsessed. For better or worse it is how I was born and Ive accepted this fact about myself. I am not capable of changing. The truth is if I forced myself to change I would die inside. Might as well embrace it. I first realized this a few years ago when one of my childhood best friends told me a" [X Link](https://x.com/bavedikian/status/1764122858337251566) 2024-03-03T02:57Z [----] followers, 15.7K engagements "@YouGotHozed Self funding through my personal balance sheet and reinvesting all profits. Will need millions not billions. No lobbying necessary. I dont expect anyone to believe me for a few years. In fact longer people think I am crazy the better. Wont stop me from sharing the journey" [X Link](https://x.com/bavedikian/status/1764354391513981175) 2024-03-03T18:17Z [----] followers, [--] engagements "In order to own a firm providing the services we provide I am required to have a real estate broker license in Texas. I have never brokered the sale of a home. Nor will I do so in the future. Despite this I have the privilege of learning about selling homes every other year to meet state requirements to renew my license. Just finished my last online class for this years renewal. Please reach out if you need any help selling your home 😂" [X Link](https://x.com/bavedikian/status/1764425040970260734) 2024-03-03T22:58Z [----] followers, [----] engagements "@BillCCRE 😂 😂 😂 best comment for sure. Was using an old example to describe how I was born but this comment is too good and I cant argue with it" [X Link](https://x.com/bavedikian/status/1764433854729781354) 2024-03-03T23:33Z [----] followers, [--] engagements "@jandreini1 @cppartners_cre Love it" [X Link](https://x.com/bavedikian/status/1765141984123986107) 2024-03-05T22:26Z [----] followers, [---] engagements "Exciting things coming. Madelyn is our Director of Ops and BD. Holding this role at the first CRE services firm in the industry to make social media paramount to its strategy from inception she obviously has to be on X. Shes still skeptical. She will love it soon. She has lots of knowledge to share. Give her a follow This week Ive had several conversations with visionaries on our team - I am continuously learning the importance of fueling their fire and ensuring they have the support they need to be successful. Cant wait to see them thrive This week Ive had several conversations with" [X Link](https://x.com/bavedikian/status/1765186010554478653) 2024-03-06T01:21Z [----] followers, [----] engagements "What do starting a business getting married and having kids all have in common For me they have done the following: - Served as a mirror showing me my greatest weaknesses - Served as reminders to always put the long term over the short term - Push me to be the best I can be - Incredibly humbling - Puts things into perspective - Proof that the most rewarding things in life often require great sacrifice - Taught me that to succeed you must be fully committed - Served as reminders its not all about me - Served as reminders that I have much to learn Done wrong they can be immensely painful. Done" [X Link](https://x.com/bavedikian/status/1766299379265065236) 2024-03-09T03:06Z [----] followers, [---] engagements "@CoyDavidsonCRE @bethanyjbabcock Yes I do it all the time on here. But when Im having a private convo with someone I generally only find myself looking up phrases when the person is younger than me. And the younger they are more Im looking things up 😂" [X Link](https://x.com/bavedikian/status/1768126814847656243) 2024-03-14T04:07Z [----] followers, [--] engagements "Friendly reminder: Scanned signatures are electronic signatures. And they are far inferior to electronic signatures made on platforms such as DocuSign from a legal admissibility standpoint. Please spread the word" [X Link](https://x.com/bavedikian/status/1768424621798232131) 2024-03-14T23:51Z [----] followers, [----] engagements "@AdamB1438 The recipient of a scanned signature has an electronic signature with no audit trail. It is far better to have an electronic signature with an audit trail (I.e. DocuSign). There is no argument its safer to accept a scanned signature than a DocuSign signature" [X Link](https://x.com/bavedikian/status/1768450638063559010) 2024-03-15T01:34Z [----] followers, [--] engagements "The NAR settlement will change nothing about residential real estate. I may not be a residential expert but I know how real estate commissions work in the real world. The economists saying this will reduce commissions by 30% have no idea what they are talking about. Commission rates have been set for decades. Both residential and commercial. They do not change. It is illegal for real estate firms to collude to set rates but in reality the rates were set decades ago and remain today. The only thing that changes due to the NAR settlement is the commission rate the seller will pay to a buyers" [X Link](https://x.com/bavedikian/status/1768808543904317883) 2024-03-16T01:16Z [----] followers, 89.5K engagements "@rwsscott You could make an offer stating whatever buyer commission amount before the lawsuit. If a buyer wanted to distinguish themselves they could offer with no buyers agent commission. Still can after. No contract is being impacted by the lawsuit" [X Link](https://x.com/bavedikian/status/1768820880669352356) 2024-03-16T02:05Z [----] followers, [---] engagements "Sick of high insurance costs My parents live in Flower Mound TX. Last June there was a hail storm that destroyed their roof. It was replaced recently. My mom sent me this video yesterday. Way more damage this time. Brutal Roofers in DFW are sleeping well tonight" [X Link](https://x.com/bavedikian/status/1768837264405074017) 2024-03-16T03:10Z [----] followers, 96.1K engagements "Lets talk about the real problem with the real estate brokerage industry. HINT: commission rates arent it. The ease in obtaining a real estate license is. It is way too easy to obtain a real estate license. The ease in obtaining the license encourages causal unprofessional industry participants. The amount of real estate agents that originally obtained a license to help their cousin sell a house would shock you. After selling their cousins house (and probably losing their cousin a bunch of money in the process) these agents now sit around waiting for a deal to fall in their lap from time to" [X Link](https://x.com/bavedikian/status/1769396478684909688) 2024-03-17T16:12Z [----] followers, 142.7K engagements "@adampark1515 We are on the same page. I was not arguing it should be equally as hard to be a real estate agent than it is to be an attorney. But the difficulty level in obtaining a real estate license should be closer to that of an attorney than a notary. if that makes sense" [X Link](https://x.com/bavedikian/status/1769558318383566988) 2024-03-18T02:55Z [----] followers, [--] engagements "A CoStar employee recently told me it might not be a bad idea to consider buying some stock. CSGP was up 10% last week on the NAR news. CoStar owns homes dot com and is investing $1B in the platform to take on NAR & MLS. @bethanyjbabcock your theory about CoStar funding NAR lawsuits has never looked better" [X Link](https://x.com/bavedikian/status/1769563610982797479) 2024-03-18T03:16Z [----] followers, 80.1K engagements "I have never brokered the sale of a house nor will I ever but there sure are a lot of people on here who like to demean the residential real estate profession. Here are my thoughts for the haters: - Nobody has ever been forced to use a real estate agent. If you think you are sophisticated enough not to use one then dont - If your primary residence is the biggest purchase you will ever make not using a realtor is likely a bad decision. - If the profession needs to be disrupted with flat fee or highly reduced commissions go disrupt it You make it sound so easy. Put your money where your mouth" [X Link](https://x.com/bavedikian/status/1770116083753931103) 2024-03-19T15:52Z [----] followers, 94.6K engagements "By building a content and media company that provides CRE services. Our objectives are as follows: - Produce CRE content that people broadly interested in CRE will want to see and follow. - Be known as the most innovative firm in the industry. Do new crazy things that competitors will laugh at and make fun of until they dont. - Being top of mind is the name of the game. Build a content machine that keeps our company our people our clients and the properties/projects we work on top of mind with the audiences that matter. - Be the preeminent platform for CRE professionals who understand the" [X Link](https://x.com/bavedikian/status/1770298189016346658) 2024-03-20T03:55Z [----] followers, [----] engagements "@Amb58095516 @John_Marion_II Technology has not brought down the cost of doing business in real estate brokerage. Never been more expensive to drive around town looking at properties" [X Link](https://x.com/bavedikian/status/1770436896604168549) 2024-03-20T13:07Z [----] followers, [--] engagements "Spoke to the owner of a company that flips [--] houses/yr His feedback on NAR: I dont think itll change much. But itd be great for our business if it resulted in less buyers using agents. The unrepresented buyers will get absolutely smoked. And theyll have no idea" [X Link](https://x.com/bavedikian/status/1770477595127136617) 2024-03-20T15:48Z [----] followers, 173.5K engagements "@HydroFoundry Have you considered that maybe you do not reflect the average person" [X Link](https://x.com/bavedikian/status/1770513049855668502) 2024-03-20T18:09Z [----] followers, [----] engagements "@thesamparr @HamptonFounders Let me know when youll let a commercial real estate firm founder join" [X Link](https://x.com/bavedikian/status/1770969360581947784) 2024-03-22T00:22Z [----] followers, [---] engagements "The fact that NAR losing a lawsuit can impact the contractual relationships residential realtors nationwide must have with their clients proves how broken the entire residential system is. Those of us in the commercial real estate space can complain about CoStar all day long but theres no world where CoStar losing a lawsuit could impact requirements for our contractual relationships. CoStar losing a lawsuit would result in widespread celebration not widespread fear" [X Link](https://x.com/bavedikian/status/1770980349654294840) 2024-03-22T01:06Z [----] followers, [----] engagements "Starting a company teaches you more about your weaknesses than just about anything. The problem is theres no time to work on your weaknesses when youre running a rapidly growing company. You have to lean into your strengths and outsource your weaknesses to survive" [X Link](https://x.com/bavedikian/status/1771343544743039451) 2024-03-23T01:09Z [----] followers, [----] engagements "Just because a real estate private equity group can easily raise money does not mean they know what they are doing. Put in an offer on a $20M office deal a few months ago. We were not selected. Ended up being sent the equity deck from the buyer that was selected. The buyer underwrote $500K in tenant improvements and leasing commissions over a five year hold. We underwrote $7 million in tenant improvements and leasing commissions in the first five years. We know office. They do not. It was their first foray into the product type. They looked at tenant improvements and leasing commissions" [X Link](https://x.com/bavedikian/status/1771701949945065876) 2024-03-24T00:53Z [----] followers, 119.5K engagements "@ClarenceWongCRE TI allowances are out of control but the assumptions made by this buyer would have still been way off in years past before TI got so bad" [X Link](https://x.com/bavedikian/status/1771722447563128948) 2024-03-24T02:15Z [----] followers, [----] engagements "Elon Musk is going to wipe the floor with Microsoft and Satya Nadella on AI. The day OpenAI struck its deal with Microsoft was the day it sealed its fate to be defeated. Elon is an inventor that has developed revolutionary world changing technology. Much of what he has invented would still be considered impossible had it not been for him redefining the realm of possibility. Microsoft is an old sleepy monopoly that prints cash. The days of Microsoft being on the cutting edge of innovation are long in the rear view. How much has Microsoft Excel or Word advanced over the past ten years Satya" [X Link](https://x.com/bavedikian/status/1772019052719878429) 2024-03-24T21:53Z [----] followers, [----] engagements "There is a tenant in one of our buildings that never uses their space. I have not seen a person in the space a single time in more than [--] years. This sign has always been on their door. Figured it was certain theyd vacate. They recently renewed their lease through 2026" [X Link](https://x.com/bavedikian/status/1773168702361395623) 2024-03-28T02:02Z [----] followers, 287.8K engagements "My mom told me this afternoon that we should buy a house and stop throwing away all that money on rent. I told her to please wait until dinner time to serve the red meat" [X Link](https://x.com/bavedikian/status/1774160836069568959) 2024-03-30T19:44Z [----] followers, [----] engagements "The aftermath Sick of high insurance costs My parents live in Flower Mound TX. Last June there was a hail storm that destroyed their roof. It was replaced recently. My mom sent me this video yesterday. Way more damage this time. Brutal Roofers in DFW are sleeping well tonight. https://t.co/cXlJFdkiwo Sick of high insurance costs My parents live in Flower Mound TX. Last June there was a hail storm that destroyed their roof. It was replaced recently. My mom sent me this video yesterday. Way more damage this time. Brutal Roofers in DFW are sleeping well tonight. https://t.co/cXlJFdkiwo" [X Link](https://x.com/bavedikian/status/1774247705444774231) 2024-03-31T01:29Z [----] followers, [----] engagements "Happy Easter" [X Link](https://x.com/bavedikian/status/1774467699130650911) 2024-03-31T16:04Z [----] followers, [----] engagements "What are market commissions on a $20 million sale of a retail property in Central California that is 100% leased to [--] tenants" [X Link](https://x.com/bavedikian/status/1774922595067928879) 2024-04-01T22:11Z [----] followers, 10.4K engagements "I would like to thank my landlord for his generosity. For allowing me and my family to live in a property he owns. All we have to do is pay him rent every month. For accepting mediocre returns on his capital so that I can earn much higher returns on my capital by investing into my business and into real estate. For taking on the risk of all major components of the property including the HVAC system roof foundation plumbing and electrical systems etc. The value he is adding to my family is appreciated and does not go unnoticed" [X Link](https://x.com/bavedikian/status/1774964990115467712) 2024-04-02T01:00Z [----] followers, 728.9K engagements "@jkostecki_rei With a [--] [--] and [--] year old we are focused purely on survival 😂 This is what you see when you walk through our front door" [X Link](https://x.com/bavedikian/status/1774978220472852979) 2024-04-02T01:52Z [----] followers, 57.5K engagements "@RamRishiRam It is a single family home. Considering its market value and what I pay in rent it doesnt make sense. I invest in commercial real estate" [X Link](https://x.com/bavedikian/status/1775007264694235267) 2024-04-02T03:48Z [----] followers, 50.7K engagements "@kjhm85 @RamRishiRam I invest in commercial real estate. I rent a single family home wherein it makes little sense to be a landlord when you look at the market value compared to market rents" [X Link](https://x.com/bavedikian/status/1775007908255982030) 2024-04-02T03:50Z [----] followers, [--] engagements "Well said and completely accurate. Here is what Im seeing office lenders do: - Extend with the borrower contributing some additional equity - Sell to a new owner for (way) above market pricing by extending the lower interest rate loan - Put buildings into receivership and appoint a receiver to avoid taking the loss on paper They only foreclose if none of the three above can be accomplished. When lenders foreclose and sell for what the market will pay either in cash or with current debt terms the next buyer has a shot at success. When one of the three aforementioned bandaid approaches are" [X Link](https://x.com/bavedikian/status/1775312101411627447) 2024-04-02T23:59Z [----] followers, [---] engagements "Friendly reminder - If you have formed a new entity since January [--] [----] you only have [--] days from the date of formation to file the Beneficial Ownership Information Report with the federal government. The agency you have to file with is FinCEN. We launched the property management side of our business this year and I formed a separate LLC for it. The entity was filed in January and I almost forgot about this required filing. There are stiff penalties if you miss. You can file it online. Doesnt take long but you have to upload your ID. You have until the end of the year to file if the entity" [X Link](https://x.com/bavedikian/status/1775652903971147880) 2024-04-03T22:33Z [----] followers, [----] engagements "I have bad news to report. If you are counting on interest rate cuts in [----] this will be difficult to hear. I paid $5.68 for this kids size scoop of ice cream. My [--] year old ate it in less than [--] seconds. Rate cuts in [----] are officially off the table" [X Link](https://x.com/bavedikian/status/1776682049908191663) 2024-04-06T18:43Z [----] followers, [----] engagements "Big [--] accounting sounds similar to Big Law just for a fraction of the pay. I started my career in Big [--] accounting. These firms are very good at convincing college students that going Big [--] is the ticket to success. They wine and dine you offer internships and really sell the dream. It did not take long for me to realize it was not the dream for me. The hours were long and sometimes unnecessary. Working late is engrained into the culture. I remember being on an assignment where everyone would take long dinner breaks and play a team game for an hour each evening. You couldnt forego the dinner" [X Link](https://x.com/bavedikian/status/1776783440857186772) 2024-04-07T01:25Z [----] followers, 21.3K engagements "It is so sad our country has devolved into a place where there are only [--] bipartisan issues: [--]. Spend the country into oblivion. Have zero regard for math common sense or the future. [--]. Nominate presidential candidates that are in the final 5-10% of their lives and will not be alive to experience the negative consequences of their reckless spending. [--]. Allow people in Congress especially those in leadership positions to trade stocks based on insider information only available to Congress with no consequences. The country needs to wake up fast" [X Link](https://x.com/bavedikian/status/1777051370069148159) 2024-04-07T19:10Z [----] followers, [----] engagements "@sweatystartup Nick you have figured out how to successfully operate a 100% remote company wherein your employees can presumably live anywhere. This is the exception not the rule. Tens of millions of people have to live close enough to their place of employment and cant just up and leave" [X Link](https://x.com/bavedikian/status/1777113195808698400) 2024-04-07T23:16Z [----] followers, [----] engagements "I continue to hear smart people say the NAR settlement is going to reduce residential real estate commissions. They are all dead wrong. Discount brokerages have been around for a long time. People are acting like this settlement all of a sudden gives discount brokerages permission to enter the market. Theyve always had permission to enter the market and many have. And they have all failed. Discount brokerages have never worked at scale for one simple reason: In order for a business to scale it has to make money. Sure a business can raise money spend on marketing and tell a story. But at some" [X Link](https://x.com/bavedikian/status/1777152025354010945) 2024-04-08T01:50Z [----] followers, 32K engagements "@DavidJacobsLive @PatrickStoa Understood. What Im saying is if the seller agrees to pay the buyers agent commission it is essentially a mortgage add on for the buyer and its allowed. I put pay in quotes because the buyer is always the one paying for commissions regardless of what the closing docs say" [X Link](https://x.com/bavedikian/status/1777302139200541120) 2024-04-08T11:47Z [----] followers, [---] engagements "@rjordan_ca They certainly control access to the market via MLS. But the lawsuit has nothing to do with MLS access And there are companies you can hire to list on the MLS and you do all the work from there" [X Link](https://x.com/bavedikian/status/1777303959704621532) 2024-04-08T11:54Z [----] followers, [---] engagements "@carbonzen_org @dchidyllo Yes I have seen the allegations about Grant Cardone doing this. But didnt expect to hear this about your friendly local Houston real estate private equity firm" [X Link](https://x.com/bavedikian/status/1777520719057891775) 2024-04-09T02:15Z [----] followers, [----] engagements "@KCmolzer Texas is a non disclosure state" [X Link](https://x.com/bavedikian/status/1777541015680741626) 2024-04-09T03:36Z [----] followers, 10.8K engagements "@scott_selle They are not acting as real estate agent. They are raising money from LPs at valuations higher than what they are actually purchasing properties for and pocketing the difference" [X Link](https://x.com/bavedikian/status/1777548059515191585) 2024-04-09T04:04Z [----] followers, [----] engagements "@buyahause @AnkurBa63796703 Correct. Can get resi sales prices via mls access however (unless the sale was off market)" [X Link](https://x.com/bavedikian/status/1777576793613926750) 2024-04-09T05:58Z [----] followers, [--] engagements "My cousin needs some legal help. I told her I would take a 180-hour course on being a lawyer so I can represent her with her legal needs. I am generous so I even told her I would share some of my fees with her. Oh wait the legal profession doesnt allow casual unprofessional participants that decided on a whim to get their license real quick. So why does the real estate profession allow this" [X Link](https://x.com/bavedikian/status/1777772950915060174) 2024-04-09T18:57Z [----] followers, 26.4K engagements "@RCBakerRealtor The problem is its too easy to get a license. The barrier to entry should be much higher. Not as high of a barrier to entry to get a law license or CPA but should be higher than it is now" [X Link](https://x.com/bavedikian/status/1777797249310855466) 2024-04-09T20:34Z [----] followers, [---] engagements "@rbzappCT No brokers. Its a real estate private equity company that syndicates money and buys real estate" [X Link](https://x.com/bavedikian/status/1777830495008563606) 2024-04-09T22:46Z [----] followers, [---] engagements "It is no surprise inflation came in higher than expectations. The impact increasing interest rates has on inflation is blunted when the federal government is spending money like it is. I recently spoke to a guy that works for a large general contractor. He mentioned their real estate development pipeline has dried up to almost nothing but they are doing fine because theyve shifted to government work. The government is spending money like crazy and pays significantly more than the private sector for the same work. Jay Powell can only do so much. Interest rates cant fix all problems. This" [X Link](https://x.com/bavedikian/status/1778228487028920562) 2024-04-11T01:08Z [----] followers, [----] engagements "@abiggerinfinity Have you looked at US government spending We massively increased spending then stayed there. Joe Biden wants to keep increasing it. Time will prove me right" [X Link](https://x.com/bavedikian/status/1778252889879724412) 2024-04-11T02:45Z [----] followers, [--] engagements "Heres a story about my first trip to Augusta to see the Masters on a private jet. After pursuing a prospective client for over a year I finally won the business. A few months later I invited the owner on a trip to the Masters. He accepted. I called him a couple weeks before and said Here are the flights I am going to book. The options are limited. Do these work for you He chuckled and said No they dont. We are taking my plane. Ill text you the exact departure time the morning of. This trip ruined me forever. I have been on a mission to own a private jet ever since. The freedom and convenience" [X Link](https://x.com/bavedikian/status/1778418486982615253) 2024-04-11T13:43Z [----] followers, 311.4K engagements "@mhprvpmvp I couldnt agree more. When I stepped on the tarmac and saw how small the plane was I told the owner it would almost be better to fly commercial" [X Link](https://x.com/bavedikian/status/1778524941773934654) 2024-04-11T20:46Z [----] followers, 12K engagements "@TheMoRegalado It is important to note that the Chinese Communist Party controls TikTok. Ill get on it the day they are forced to divest" [X Link](https://x.com/bavedikian/status/1778609471247265883) 2024-04-12T02:21Z [----] followers, [---] engagements "@bhwizzy I have lived in California West Texas and Dallas Fort Worth and Houston. I dont plan on ever leaving Houston" [X Link](https://x.com/bavedikian/status/1778620681850118462) 2024-04-12T03:06Z [----] followers, [---] engagements "@SBA_Matthias Love it. I plan to change the commercial real estate brokerage space. Lets make it happen" [X Link](https://x.com/bavedikian/status/1778659776953553330) 2024-04-12T05:41Z [----] followers, [--] engagements "With the Masters being [--] of only [--] occasions per year where all the best players in the world play in the same tournament I cant help but think Should the United States allow a foreign government to use its balance sheet to orchestrate a hostile takeover of our professional sports leagues A private organization cannot compete with the government of the second largest oil producing nation in the world (trailing only the US). The government of a rich country like Saudi Arabia has the luxury of being able to make decisions without regard to economics. Through LIV the Saudi Arabian PIF is" [X Link](https://x.com/bavedikian/status/1779606878307119294) 2024-04-14T20:25Z [----] followers, [----] engagements "Mark Cuban announced he will be wiring $288000000 to the IRS tomorrow. Guess how long that will fund the US government [--] minutes" [X Link](https://x.com/bavedikian/status/1779643906554306967) 2024-04-14T22:52Z [----] followers, 114.1K engagements "@_bailey_g Not saying [--] person could or should sustain the country. That is an insanely high tax payment and its just wild to think how inconsequential such a massive number is to overall government spending" [X Link](https://x.com/bavedikian/status/1779647933106852135) 2024-04-14T23:08Z [----] followers, [----] engagements "Did you know that borrowing costs which are obviously heavily influenced by interest rates are not factored into inflation figures Shocking but true. Inflation numbers are bad but reality is often far worse than what numbers say. Lets look at housing where true inflation is well over 100% since COVID. Here's the data: In Q1 [----] the median sales price of a home in the US was $329000. In Q3 [----] that number rose to $417700 a 27% increase. Median sales prices peaked in Q2 [----] at $479500 which was a 46% increase to Q1 [----]. Now lets look at CPI for shelter which factors shelter costs for all" [X Link](https://x.com/bavedikian/status/1780004147607028193) 2024-04-15T22:43Z [----] followers, [----] engagements "@DawgsGolfSpurs I dont disagree that Rory isnt what he once was. But he was the biggest PGA Tour defender and seemed to be the guy keeping a lot of the other guys loyal" [X Link](https://x.com/bavedikian/status/1780066789067473253) 2024-04-16T02:52Z [----] followers, 147.9K engagements "Good points. I am certainly not arguing we should stop foreign investment. Pro sports leagues are exempt from antitrust law creating just one major player in each sport. By this set up the one player is inherently vulnerable to a foreign government coming in with unlimited funds forming a competing league and forcing the existing to either go bankrupt or make a deal. Although not significant economically compared to your examples pro sports has outsized cultural influence. Its not an economic argument. Its a cultural argument. I just dont think we want foreign actors controlling our" [X Link](https://x.com/bavedikian/status/1780077970620588217) 2024-04-16T03:37Z [----] followers, 176.6K engagements "@DanFriedman81 Neither do I. But its different when the competitor is a foreign government. Pro sports have an outsized cultural impact relative to their economic output. Not sure we want foreign governments coming in and taking control" [X Link](https://x.com/bavedikian/status/1780083818336014624) 2024-04-16T04:00Z [----] followers, 83K engagements "@KaiHypko Tough to say no to 10x what youve made in your [--] year career" [X Link](https://x.com/bavedikian/status/1780087283602899122) 2024-04-16T04:14Z [----] followers, 28.9K engagements "@corso4420 https://www.pgatour.com/stats/detail/014 https://www.pgatour.com/stats/detail/014" [X Link](https://x.com/bavedikian/status/1780092207598297230) 2024-04-16T04:33Z [----] followers, 20.2K engagements "@kifcap Certainly not. Im suggesting maybe foreign governments shouldnt be the PGA tours competitors" [X Link](https://x.com/bavedikian/status/1780136869650452518) 2024-04-16T07:31Z [----] followers, 38.6K engagements "I received a surprise $2500 bill from the local affiliate of NAR for services I did not purchase or use. How could that be Well I hired a couple residential agents that are going through our training process to learn to be commercial agents. These agents needed the MLS for a couple lingering residential transactions. So I purchased the MLS for them. In order to get MLS access you must also purchase a NAR membership a TAR membership (the state affiliate) and a HAR membership (the local affiliate). Seemed excessive but I had no choice and purchased them all. Fast forward several months they" [X Link](https://x.com/bavedikian/status/1780447726146093526) 2024-04-17T04:06Z [----] followers, 18.6K engagements "Some big accounts on here have talked about how the wealthiest most successful people are often the fastest to respond. Its true. Emailed the founder of a $750M+ annual revenue construction firm today. His response time: Under [--] seconds" [X Link](https://x.com/bavedikian/status/1780620737570542053) 2024-04-17T15:34Z [----] followers, 17.6K engagements "@SMB_Attorney Ability to be calm and uplifting on the outside while terrified on the inside Willingness to delay gratification High risk tolerance Ability to withstand pain and suffering Ability to ignore negative thoughts Ability to take punches" [X Link](https://x.com/bavedikian/status/1781128865718456421) 2024-04-19T01:13Z [----] followers, [---] engagements "I was introduced to one of the most prolific tenant rep brokers in Houston this week. I got straight to the point: I am in the process of disrupting the commercial real estate industry. I would like you to join me and I can offer you things nobody else can. His response: Excuse me who are you I gave him the elevator pitch on the vision why it is going to work and why he should be a part of it. I am listening. Keep going. I went into more detail. He pushed back. Told me he doesnt think it will work but that he is intrigued. I said: Look if it was so easy that I could convince you this vision" [X Link](https://x.com/bavedikian/status/1781174910959616393) 2024-04-19T04:16Z [----] followers, 107.5K engagements "@CaseyChesh A much better way to word my tweet lol" [X Link](https://x.com/bavedikian/status/1781465137188155892) 2024-04-19T23:29Z [----] followers, [--] engagements "Had a special visitor in the office today @wduzzer92. Always great to see you brother Send your industrial deals in the Texas Triangle to Will and @jbmatcap. They are hungry and active" [X Link](https://x.com/bavedikian/status/1781469872561574038) 2024-04-19T23:48Z [----] followers, [----] engagements "@ArjunJacobson @rohde88 At your age Id recommend focusing on becoming a master at your craft for the next couple years making some money in the process. As you learn and mature you can figure out your risk tolerance. Just keep in mind the younger you can start taking risks the better" [X Link](https://x.com/bavedikian/status/1781797323531595790) 2024-04-20T21:29Z [----] followers, [--] engagements "I lost my best friend to brain cancer back in [----]. Saw a post this week from someone talking about losing their best friend. Really hit me hard. On my way to the office the next day one of his favorite songs from college came on. A song we used to listen to on repeat on our many road trips across Texas to California Colorado Alabama Florida and many other places. Completely lost it. Still cant believe he is gone. There are some things you can learn to live with but never get over. Life is short. Tomorrow is never guaranteed and our health can vanish in an instant. Although I frequently fail" [X Link](https://x.com/bavedikian/status/1781802849233449292) 2024-04-20T21:51Z [----] followers, 28.6K engagements "The most underrated account I have come across on here is @TopherNOW. The guy runs a sizable CRE firm and is a wealth of knowledge. He is on the cutting edge of leveraging AI tools for real estate consistently posting valuable and transparent insights in great detail. If you are interested in AI and/or CRE not following him is a mistake. Not to mention he is a genuinely great human with a passion for helping others. He is too humble to give himself the credit he deserves so I wanted to do so on his behalf" [X Link](https://x.com/bavedikian/status/1781829653415526516) 2024-04-20T23:37Z [----] followers, [----] engagements "Elon Musks compensation package being voided by a judge should be highly concerning to anyone that loves capitalism. Context matters. You can't look at a compensation figure and draw conclusions based solely on a number. I am linking a video to show how insane people thought Elon was for accepting this this compensation package at the time. Andrew Ross Sorkin described the hurdle rates as "crazy". Whether any particular judge likes it or not we live in a country that allows individuals to take huge risks in exchange for asymmetric upside. Take away or otherwise limit the incentive for" [X Link](https://x.com/bavedikian/status/1782244387927330933) 2024-04-22T03:05Z [----] followers, [----] engagements "@MrChrisCurrier Shareholders didnt have to approve it. Those that didnt like it could have sold. Nobody was harmed. A CEO getting paid nothing until they double the value of the company seems like a pretty great deal for shareholders" [X Link](https://x.com/bavedikian/status/1782474115493876088) 2024-04-22T18:18Z [----] followers, [--] engagements "@TopherNOW @TuckerCarlson It is very important to know what those you disagree with are thinking. Sometimes it reaffirms your beliefs. And other times it makes you rethink positions. Very healthy" [X Link](https://x.com/bavedikian/status/1783666856592613743) 2024-04-26T01:18Z [----] followers, [---] engagements "One of the leading residential brokers in Houston is telling team members and clients that the market is going down buyers are no longer willing to keep paying inflated prices and that sellers need to cut prices if they want to transact. Not my area of expertise but my belief has always been theres no way the housing market can be the only real estate asset class that gets out of this unscathed" [X Link](https://x.com/bavedikian/status/1783670719559200904) 2024-04-26T01:33Z [----] followers, [----] engagements "@AdamKleinROI Will destroy the lives of many men" [X Link](https://x.com/bavedikian/status/1783670966268162427) 2024-04-26T01:34Z [----] followers, [--] engagements "@ZeroBasis @nlgraham1 Yea I was surprised to hear this position but I fundamentally dont understand the housing market right now. Just doesnt make sense" [X Link](https://x.com/bavedikian/status/1783702062569537824) 2024-04-26T03:38Z [----] followers, [--] engagements "Taxing unrealized capital gains is one of the most foolish economic ideas ever presented" [X Link](https://x.com/bavedikian/status/1783900111338164368) 2024-04-26T16:45Z [----] followers, [----] engagements "@TeamHerrold Make sure you dont have to pay any California state income tax 😂" [X Link](https://x.com/bavedikian/status/1783950077674889442) 2024-04-26T20:03Z [----] followers, [----] engagements "Believing real estate is a passive investment is believing all responsibilities of property ownership can be delegated to a property management company. A profoundly misguided and fantastical notion" [X Link](https://x.com/bavedikian/status/1783986709513834497) 2024-04-26T22:29Z [----] followers, [----] engagements "@ftw_cre Property taxes in Texas are out of control. Im as peeved as the next guy about it. But a state government charging property instead of income tax is not anywhere close to as bad as if the feds tried to tax unrealized gains" [X Link](https://x.com/bavedikian/status/1784022328705188240) 2024-04-27T00:50Z [----] followers, [--] engagements "@SteveHanscomCRE Be very careful. The real estate gods do not appreciate it when one assumes a deal is going to get done" [X Link](https://x.com/bavedikian/status/1784027676463820843) 2024-04-27T01:11Z [----] followers, [---] engagements "Theres no shortage of success stories shared on here. You dont read nearly as often about the gut wrenching losses. Heres a short story of a gut wrenching loss: I received a congratulations email from a title company as I was walking into a lunch meeting. Congratulations to all. We have officially closed. By the time I left the lunch the deal was dead. The buyers uncle called the title company and withdrew his funds right before the wire was sent. The buyers uncle cost his nephew $250K in earnest money. Our commission would have been $315K. A deal is not done until the funds have hit and" [X Link](https://x.com/bavedikian/status/1784284575364989342) 2024-04-27T18:12Z [----] followers, 22.1K engagements "@BeckReit Youll have to tell me the full story next time youre in Houston" [X Link](https://x.com/bavedikian/status/1784411741356511444) 2024-04-28T02:38Z [----] followers, [---] engagements "HubSpot or Salesforce I need to make a decision quickly and have never used either platform. Use case is for a commercial real estate firm. Track closed and pending deals inquiries on listings existing and potential clients properties of interest email marketing etc" [X Link](https://x.com/bavedikian/status/1784656495830872114) 2024-04-28T18:50Z [----] followers, 109.3K engagements "@PowellZack Appreciate the feedback. Have you used Salesforce as well and prefer HubSpot or are you just a HubSpot fan I struggle having never used either" [X Link](https://x.com/bavedikian/status/1784658141155643407) 2024-04-28T18:57Z [----] followers, [---] engagements Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@bavedikian Brandon Avedikian
Brandon Avedikian posts on X about commercial real estate, money, if you, business the most. They currently have [-----] followers and [----] posts still getting attention that total [-------] engagements in the last [--] hours.
Engagements: [-------] #
- [--] Week [---------] +5,917%
- [--] Month [---------] +452%
- [--] Months [----------] +13,512%
- [--] Year [----------] -23%
Mentions: [--] #
- [--] Week [--] +56%
- [--] Month [--] -16%
- [--] Months [---] +920%
- [--] Year [---] -19%
Followers: [-----] #
- [--] Week [-----] +1.70%
- [--] Month [-----] +1.80%
- [--] Months [-----] +45%
- [--] Year [-----] +48%
CreatorRank: [------] #
Social Influence
Social category influence finance technology brands stocks countries celebrities social networks automotive brands travel destinations musicians luxury brands
Social topic influence commercial real estate, money, if you, business, cre, in the #3671, debt, insurance, investment, ai
Top accounts mentioned or mentioned by @bethanyjbabcock @moseskagan @coydavidsoncre @tophernow @jeffdthompson @realestatetrent @themoregalado @dallasaptgp @investinglaw @sweatystartup @creleasinglawtx @kcmolzer @smbattorney @beckreit @scottdaviscre @rabois @girdley @cregir1 @creisummit @cremattsd
Top assets mentioned Microsoft Corp. (MSFT) Costco Wholesale Corporation (COST) Opendoor Technologies Inc Common Stock (OPEN) Uber Technologies, Inc. (UBER) Alphabet Inc Class A (GOOGL)
Top Social Posts
Top posts by engagements in the last [--] hours
"@maxfisherRE Depends on the specialty. The majority of our business is Landlord Rep. A salary makes the most sense in the beginning because new agents have to learn the process in order to be able to represent Landlords. Tenant Rep & Inv Sales are different"
X Link 2023-08-27T16:46Z [---] followers, [--] engagements
"Land seems to be the only real estate asset class where pricing has not budged at all due to the rise in interest rates. If anything land prices are still going up (at lease in the areas I focus on). Anyone seeing different"
X Link 2023-08-30T05:33Z [---] followers, [--] engagements
"@ShlomoChopp Special servicers seem to almost always act in the interest of themselves (make fees) and not the debt holders. Has never made sense to me"
X Link 2023-08-30T05:55Z [---] followers, [--] engagements
"@CoyDavidsonCRE The great thing about leasing is leases expire and tenants have to make decisions irrespective of where interest rates are or what is going on in the capital markets"
X Link 2023-09-06T03:17Z [---] followers, [--] engagements
"@TeamHerrold Congrats What is #reit Real estate investment trust seems too obvious and I feel like I am unaware of a new hip acronym"
X Link 2023-09-07T01:51Z [---] followers, [---] engagements
"@blake_hagz I see. What is the SF delineation between office and retail How close in proximity are the properties It will be very challenging to be profitable at 500K SF unless you have a Class A office asset of at least 150K SF. If they arent in close proximity its even tougher"
X Link 2023-09-07T03:11Z [---] followers, [--] engagements
"@bethanyjbabcock Amazing the bank had the right to reappraise and adjust the equity required when loan payments were being made (Im assuming loan payments were being made)"
X Link 2023-09-11T03:26Z [---] followers, [--] engagements
"The masses tend to think things will remain as they are. When the market is good (be it the real estate market stock market etc.) the masses behave like the market will always be good. When the market is bad the masses behave like it will remain bad forever. This causes asset prices to be priced illogically high on the upside and in turn illogically low on the downside. Money is made in investing by not thinking this way. When you hear stories from past downturns about assets being bought at prices that are now hard to comprehend it is natural to think the owners were in the right place at"
X Link 2023-09-12T19:41Z [---] followers, [--] engagements
"@maxfisherRE I once sold roughly $750K worth of real estate to a buyer that purchased through an IRA. They had to jump through many hoops pay exorbitant fees and it seemed like a miserable process. Might make sense for a much larger deal but the juice didnt seem worth the squeeze"
X Link 2023-09-17T02:39Z [---] followers, [---] engagements
"@ToddToddP123 @commbankerguy @unusual_whales If rates go back down to 5% any time soon that means there has been a major economic downturn causing the fed to cut rates. Im getting over 5% in a liquid quasi savings account right now. There is no quick path to seeing 5% mortgage rates again barring a massive recession"
X Link 2023-09-17T18:43Z [---] followers, [----] engagements
"@Chazzym22 The only way rates are back in the 5%'s early next year is if we have a massive economic crash in Q4 at which point your interest rate will not be your chief concern"
X Link 2023-09-18T16:04Z [---] followers, [----] engagements
"I have been saying this since April 2020: the office market will be absolutely horrendous until there is a considerable economic downturn. In a downturn it is not challenging for employers to hire talented people on the employers terms (which for most employers will mean mandatory in-office attendance). When employers are fighting over talent and it is near impossible to recruit good people the employees make the rules. When employers cant get employees to come to the office they tend to not lease nearly as much office space"
X Link 2023-09-21T01:05Z [---] followers, [---] engagements
"CoStar's market cap is higher than the combined market cap of CBRE JLL and Newmark. Take CBRE out of the picture and CoStar's market cap is more than 2x the combined market of all other major publicly traded CRE brokerages (JLL Newmark Colliers and Cushman & Wakefield) with more than $2.5 billion to spare. When I meet with CoStar I never pass up the opportunity to throw a couple "friendly" jabs. I say friendly because every CoStar employee I've ever interacted with has been great and professional on a personal level. As a company however CoStar is a monopoly. And they act like it. Example of"
X Link 2023-09-22T15:46Z [---] followers, [----] engagements
"@sweatystartup And the only way rates go down meaningfully in the next [--] months is if there is a major economic downturn. Wild times are coming either way. In some cases wild times are here already"
X Link 2023-09-24T14:46Z [---] followers, [--] engagements
"If I knew what interest rates were going to do I wouldnt be here. In fact I wouldnt waste time with real estate at all. I would be trading bonds and I would be a multi billionaire. -My default response when asked what is going to happen w interest rates over the next year"
X Link 2023-09-25T00:40Z [----] followers, [---] engagements
"Aspire Commercial officially signed up team member #6 today. We have now tripled our headcount since inception in April [----]. During a time of turmoil in the industry we are aggressively making investments to grow. Exciting times ahead 🚀"
X Link 2023-10-05T00:41Z [---] followers, [---] engagements
"@girdley @sweatystartup Much of which is happily earning more than 5% risk free"
X Link 2023-10-05T13:47Z [----] followers, 10.6K engagements
"There is a lot of talk about how hard it is to raise capital right now but what about prefs Are they changing Most LP investment opportunities I am seeing continue to be 8% prefs with a 20-40% promote. Shouldnt prefs correlate with rising risk free rates at least to some extent When risk free rates are 3% an 8% pref allows the investor to receive a 2.7x return compared to the risk free rate before giving an operator a promote. At 5.5% risk free rates an 8% pref yields the investor less than a 1.5x return on the risk free rate before giving an operator a promote. Am I thinking about this wrong"
X Link 2023-10-05T21:40Z [---] followers, [---] engagements
"@realEstateTrent When asked what interest rates are going to do my default response is If I knew what interest rates were going to do I wouldnt be here. In fact I wouldnt waste time with real estate at all. I would be trading bonds and I would be a multi billionaire"
X Link 2023-10-06T03:28Z [---] followers, [--] engagements
"@moseskagan Maybe it will be AI and not interest rates that ends up weakening employment significantly over the next few years"
X Link 2023-10-09T13:11Z [---] followers, [---] engagements
"@Levijameshere I invested in one in Q4 [----] wherein Id be PUMPED to get 50% back. And they have beaten underwriting by quite a bit in terms of rent growth"
X Link 2023-10-10T01:51Z [---] followers, [----] engagements
"@mikebeckhamsm Chipotle has made a mint off me as well (for almost [--] years now) and will continue to do so"
X Link 2023-10-13T23:00Z [----] followers, [--] engagements
"@GuyDealership I bought a new vehicle over the summer. There were numerous manufacturers offering low interest financing. I ended up getting a loan at 4% interest instead of paying cash. The cash is earning more than 4% in a liquid money market account. Im sure these offers are still out there"
X Link 2023-10-23T03:56Z [---] followers, [---] engagements
"My [--] year old figured out yesterday how to speak clearly enough to Alexa for Alexa to listen. Ill never be able to listen to a song for more than [--] seconds in my kitchen again"
X Link 2023-10-28T21:54Z [---] followers, [---] engagements
"@BNBlumenthal Depends somewhat on the deal specifics but generally: LL - lease securitization TT - expansion rights"
X Link 2023-11-03T04:20Z [---] followers, [--] engagements
"@BNBlumenthal Agreed. When I use the term securitization I mean either the tenant has strong credit or there are other means with which to protect LL (higher deposit corp guaranty etc.)"
X Link 2023-11-03T12:16Z [---] followers, [--] engagements
"@sweatystartup I agree with the above but the below should be caveated to only apply to businesses that are at least [--] years old. In the beginning working 70+ hours a week may be the only way to get the significant cash flow needed to enable delegation"
X Link 2023-11-05T20:24Z [---] followers, [--] engagements
"I have only been an active participant on #CREX / #retwit for a very short period of time but one of the best parts so far has been connecting with people I otherwise would not have. Met @CoyDavidsonCRE for coffee today. Great conversation with one of the pioneers of using this platform to distribute valuable CRE content. Had a virtual meeting with @CRELeasingLawTX today and learned about her business. Will definitely be sending CRE leasing work her way Last week I had coffee with @CREgir1 - a rising star in the industry that is wise beyond her years and has hustle and determination that is"
X Link 2023-11-08T00:18Z [---] followers, [----] engagements
"@jchal Congrats and well done"
X Link 2023-11-21T02:35Z [---] followers, [--] engagements
"Want to know what industry absolutely prints money when the White House is controlled by those hostile towards oil & gas Law firms that represent oil & gas companies in disputes with the federal government. I recently met with an old friend that is a lawyer in this niche. They are making unfathomable amounts of money right now. The government comes after their clients on anything and everything they can come up with to try and prevent oil & gas production. These policies drive energy prices up making the stakes to fight the government even higher for the energy companies. These companies"
X Link 2023-11-22T03:19Z [---] followers, [---] engagements
"Just ate at Marias Mexican Kitchen on University Dr in Fort Worth. Has to be one of the best Mexican restaurants Ive had and that is saying a lot Their enchiladas are among the best on the planet. Will have to come here every time we are in DFW moving forward"
X Link 2023-11-22T21:01Z [---] followers, [---] engagements
"@TopherNOW Assuming the stuff works for weight loss it will be a drag on the health care system for sure which would be great news"
X Link 2023-11-23T17:08Z [---] followers, [---] engagements
"@DallasAptGP Yikes. Sorry to hear. My bank calls me every time I send an ACH or wire no matter how small and even when it is to recurring recipients. This is a reminder to not be annoyed about these calls"
X Link 2023-11-25T04:38Z [---] followers, [---] engagements
"@Gordon_CRE Id get into the trades. Plumbing HVAC electrical"
X Link 2023-11-26T13:27Z [---] followers, [--] engagements
"@TopherNOW Renovated a house. Bad decision. I rent now :)"
X Link 2023-11-26T13:29Z [---] followers, [--] engagements
"@CoyDavidsonCRE Predictions"
X Link 2023-11-26T19:08Z [---] followers, [---] engagements
"@BeckReit Thank you Enjoyed learning about your business. Lets run in back next time you are in town"
X Link 2023-11-26T19:25Z [---] followers, [--] engagements
"@CoyDavidsonCRE @_bailey_g Im meeting with him on Thursday"
X Link 2023-11-29T03:39Z [---] followers, [---] engagements
"@DallasAptGP CRE brokerage and bootstrapping a company"
X Link 2023-11-29T21:29Z [----] followers, [---] engagements
"This is a very interesting point I have never considered. The clients of commercial agents are those that own buildings or own/run businesses. They dont need protection by and large. They can gauge if someone has the expertise and professionalism required to provide the services they need by having conversations and asking questions. Ive always maintained that it makes no sense for residential and commercial licenses to be the same but people have been saying this for years and it will probably never change for a simple reason - although the intent of the law is to protect consumers as"
X Link 2023-12-01T03:43Z [---] followers, [----] engagements
"@DallasAptGP Great point. And this fact further emphasizes the validity of Bethanys observation"
X Link 2023-12-01T03:47Z [---] followers, [--] engagements
"@CoyDavidsonCRE I'd have no problem with that. Either make it legitimate for commercial or do away with it entirely. Current system is simply a pointless tax on both money and time for the CRE brokerage industry"
X Link 2023-12-01T04:08Z [---] followers, [--] engagements
"@CoyDavidsonCRE @_bailey_g @scottdavisCRE @CREgir1 @RetailBrokerHTX @JeffSwearingen8 @ZeroBasis December [--] [--] PM The Rustic in Uptown Park Let me know and I will make us a reservation"
X Link 2023-12-01T04:10Z [---] followers, [--] engagements
"@DallasAptGP Congrats"
X Link 2023-12-02T04:14Z [---] followers, [--] engagements
"@CoyDavidsonCRE One of the most broker unfriendly landlords Ive seen in my career. They were especially hated by the brokerage community in Dallas. I know several brokers up there that wouldnt put one of their buildings on a survey under ANY circumstances"
X Link 2023-12-03T03:04Z [---] followers, [---] engagements
"@moseskagan We do a lot of leasing and AR can be a problem at times. But you generally know going in if there is credit risk. Recently had a client give the keys back and we lost $25K in outstanding commissions. Knew they were a credit risk and chose to work w them so cant really complain"
X Link 2023-12-09T17:01Z [---] followers, [---] engagements
"In West Palm Beach for a wedding this weekend. There are no signs we are in an economic downturn at The Breakers. I went to bed early last night because there was a long line of people pushing each other fighting to get in the bar for the privilege of paying $30 for a vodka soda. Went to lunch today however and asked the waitress how business is. I was curious because the place was empty. She said business is very bad and has been since the beginning of [----]. The restaurant is at a place called The Square a really nice high end mixed use development. Based on what I witnessed last night this"
X Link 2023-12-09T18:47Z [---] followers, [----] engagements
"@DallasAptGP Recently bought two. Its amazing / frustrating how few are available. Vast majority of purchased domains are not used. Owner just waiting for someone to call"
X Link 2023-12-09T21:07Z [---] followers, [---] engagements
"@STLChrisH Commercial real estate brokerage. Budgeting 300% revenue growth but just started the company in April [----]. There were two of us in April and we will be a team of twelve in January"
X Link 2023-12-17T18:19Z [---] followers, [--] engagements
"Signing closing docs in a hotel lobby on the last business day of [----] 😂"
X Link 2023-12-29T23:28Z [---] followers, 11.7K engagements
"What should we expect to see in CRE in 2024"
X Link 2023-12-31T18:22Z [---] followers, [---] engagements
"I woke up this morning thinking it was the first business day of the year fired up to get started. I was interested to learn the first business day of the year seems to be next Monday for most"
X Link 2024-01-03T03:19Z [---] followers, [----] engagements
"I recently hired a couple residential agents that desired to switch to commercial for a variety of reasons. They need to close out some lingering residential transactions which required me as the broker to purchase an MLS subscription join NAR and join the state and local affiliates of NAR. Here is what I was surprised to learn through this process: - I have no shortage of complaints about CoStars monopolistic business practices. CoStars monopolistic power in the commercial RE industry however pales in comparison to the absolute monopolistic dominance NAR has managed to impose on the"
X Link 2024-01-04T03:10Z [---] followers, 34K engagements
"@CRELeasingLawTX @ICSC @TeamHerrold @EduardoE_CRE @tyleralley24 Launched our retail division last week and am thinking about making the trip"
X Link 2024-01-09T13:31Z [---] followers, [--] engagements
"@andrewbermudez I'm kidding. One of my friends in the title business told me about RESPA rules recently. I do not think lunch is prohibited. It is when travel is involved that the rules get really strict"
X Link 2024-01-10T03:33Z [---] followers, [--] engagements
"@andrewbermudez 😅😅😅"
X Link 2024-01-10T03:34Z [---] followers, [--] engagements
"@moseskagan Do more writing Especially with what you are doing with reseed and having insights into numerous different markets would be great to read about whats on your mind more frequently"
X Link 2024-01-10T08:37Z [---] followers, [--] engagements
"@bethanyjbabcock For the low price of $1K per year you could have the privilege of being called one"
X Link 2024-01-11T02:22Z [---] followers, [---] engagements
"I was on the phone with a Dallas based client this afternoon that mentioned they wont be in the office on Monday due to the weather. I find it fascinating that weather can shut entire states down when other states have the same weather for months on end w no disruption. Needless to say Ill be in the office on Monday"
X Link 2024-01-13T05:17Z [--] followers, [----] engagements
"It is highly annoying that I had to purchase a worthless subscription that I will probably forget to cancel in order to watch the Chiefs vs Dolphins game. On another note its hilarious they show Taylor Swift every time Kelce catches a pass"
X Link 2024-01-14T02:23Z [---] followers, [---] engagements
"@ChrisRamsey60 Belichick would never work for Jerry. Jerry can only attract coaches willing to be controlled"
X Link 2024-01-15T02:46Z [---] followers, [--] engagements
"We have some important market insights with the help of my son Cash. And he has a message for toddler commercial real estate agents just starting out"
X Link 2024-01-19T14:04Z [---] followers, [----] engagements
"@CoyDavidsonCRE This is way overblown. I was listening to a podcast this week talking about Ozempic potentially reducing demand for food in a material way. No chance. The people saying this need to visit Costco at Bunker Hill and I10"
X Link 2024-01-20T05:16Z [---] followers, [--] engagements
"How much longer until the cameras attached to wires at football games are scrapped in favor of drones"
X Link 2024-01-21T01:57Z [---] followers, [----] engagements
"@TiltWall Good to have you back. You post good stuff and if your employer isnt supportive of employees being active on social media theres obviously nothing you can do about that"
X Link 2024-01-21T04:28Z [---] followers, [--] engagements
"Do you know the tallest buildings in Houston Here's a quick rundown of those buildings: Williams Tower Wells Fargo Tower JPMorgan Chase Tower #houstontx"
X Link 2024-01-22T17:05Z [----] followers, [----] engagements
"@DallasAptGP 😂😂😂😂 congrats"
X Link 2024-01-23T04:38Z [---] followers, [--] engagements
"@CREgir1 I began my CRE career January [--] [----]. Eight years and counting. I focused exclusively on office the first seven years until I started Aspire Commercial last April. We now have an office industrial and retail division and our property management business launches February 1"
X Link 2024-01-24T04:20Z [---] followers, [--] engagements
"@tyleralley24 Chipotle is still very cheap for what you get"
X Link 2024-01-25T04:45Z [----] followers, [---] engagements
"@RobBanzhaf @tyleralley24 I see. When I say its cheap for what you get Im thinking of the grain bowls sold at many different restaurants at a $18 - $25 price point plus tip. Chipotle is better than most and way cheaper"
X Link 2024-01-25T19:59Z [----] followers, [--] engagements
"One of the most unexpected and rewarding things about being active on social media (X LinkedIn Insta FB) over the past few months is Ive had 10+ people reach out that I hadnt spoken to in over a decade and otherwise may have never connected with again"
X Link 2024-01-27T23:26Z [---] followers, [---] engagements
"@TheMoRegalado I need this"
X Link 2024-01-28T01:49Z [---] followers, [--] engagements
"Episode [--] of Aspire Commercial Market Insights features an adorable co-host who may or may not have a thing for dinosaurs. Here are some of my expectations for 2024: - a more stable interest rate environment - a revival of transaction volumes - an invigorated market dynamic - increase in overall activity with more buying selling and strategic moves in the commercial sector. A big thank you to my daughter Ava for her unique take on buildings and for reminding us of the lighter side of life"
X Link 2024-01-31T20:11Z [---] followers, [---] engagements
"@sweatystartup When he was distracted by the ridiculous metaverse idea it was scary for a bit but he has certainly got it back together now"
X Link 2024-02-02T03:22Z [----] followers, [----] engagements
"Main takeaway from ICSC: the mood has changed in a meaningful way. Lots of optimism out there again"
X Link 2024-02-02T15:06Z [---] followers, [----] engagements
"@realEstateTrent Real estate is an illiquid asset as they say"
X Link 2024-02-03T03:42Z [---] followers, [--] engagements
"There is a very successful real estate entrepreneur that posts great written content on Instagram. How successful Successful enough to have been a guest on The Fort Podcast. It is as if the content was written for X but is posted only on Instagram instead. I told him he should post the same content on X and that he would gain a sizable audience quickly if he did. His response: Thank you and I agree but I will not do anything that supports Elon Musk. A lot to unpack there that I wont get into but it is a shame thats his perspective. He would be a valuable member of this community that many"
X Link 2024-02-03T04:02Z [---] followers, [----] engagements
"I heard some wild and elaborate stories about internal real estate directors requiring kickbacks from brokers / developers at ICSC this week"
X Link 2024-02-03T20:01Z [---] followers, [----] engagements
"We need to progress from We do not accept DocuSign signatures. Please print sign and scan back to We do not accept scanned signatures. Please sign via DocuSign"
X Link 2024-02-07T23:52Z [---] followers, [---] engagements
"@abeklein_ I signed signature cards for a bank account Im being added as a signer for via DocuSign and the bank sent it back and made me print scan and sign. I also have multiple clients that will absolutely not accept DocuSign"
X Link 2024-02-08T00:18Z [---] followers, [--] engagements
"@rohde88 Having an ownership mentality is important for a broker. Tough to have an ownership mentality if you dont own real estate"
X Link 2024-02-08T08:11Z [---] followers, [--] engagements
"Superbowl Sunday this weekend who are you picking to win Las Vegas is going to be even more CRAZY than it usually is. And I'm trying to tally up how many times I think we will have to see TSwift. It might be a new drinking game"
X Link 2024-02-09T14:30Z [----] followers, [----] engagements
"Statement from Peter Riguardi President of JLL New York on letting Bob Knakal go per the @trdny article: At JLL the client comes first JLL comes second and the individuals come third. Thats the true recipe for success. This is incompetence at its finest. One of the dumbest public comments Ive ever seen an executive make. As an entrepreneur that has dedicated my life to disrupting the commercial real estate services industry this is yet another reminder to stay the course and continue doubling down over and over again. By the time these firms wake up to how the world has changed it will be too"
X Link 2024-02-15T03:46Z [----] followers, 158.5K engagements
"@TheMoRegalado Theyll be lucky if they arent dealing w shareholder lawsuits after a statement like that"
X Link 2024-02-15T03:51Z [----] followers, [---] engagements
"@CRELeasingLawTX And we will use our balance sheet to ENHANCE your personal brand. If you get any flack we will DEFEND you. The future of CRE brokerage is building a platform that enables brokers to build their brand with a balance sheet behind the effort"
X Link 2024-02-15T04:04Z [----] followers, [---] engagements
"You are spot on. Thats why I am going to disrupt the industry by building the first social media first brokerage. Our balance sheet will support our people building their personal brands. If people dont like it and attack you we will defend. The future of CRE brokerage is building a platform to enable and enhance brokers efforts to build their brand"
X Link 2024-02-15T04:17Z [----] followers, [---] engagements
"By being the first social media first CRE services company at scale. We will redefine how CRE firms market themselves their people and their properties. We will be a content and media company that provides CRE services. Our balance sheet will be used to build our peoples personal brands online. We will defend and reward our people for building their personal brand online not get jealous when they are successful. By doing this we will naturally attract people that understand the value of social media. When they join we will have the processes and systems in place to put gasoline on the fire"
X Link 2024-02-15T04:39Z [----] followers, [----] engagements
"@hez22273 @DanBorsch @trdny Saying clients come first isnt the problem with the statement. Its saying that people come last. My belief is that putting your people last will not result in good results for your clients but clearly JLLs philosophy is different"
X Link 2024-02-15T16:35Z [----] followers, [---] engagements
"@realEstateTrent People literally talk about interest rates as if they are on a predefined schedule to go down. Its wild"
X Link 2024-02-16T07:31Z [----] followers, [---] engagements
"@CREAnonymous Its all about the comments JLL made particularly the NY President. Absent the comments none of this wouldve happened"
X Link 2024-02-16T07:35Z [----] followers, [---] engagements
"@Piker73 @realEstateTrent I understand the fed hasnt cut rates but interest rates on other forms of debt are well off their highs. They could go back up to where they were or higher if inflation spikes back up"
X Link 2024-02-16T08:28Z [----] followers, [--] engagements
"@CREAnonymous Respectfully but strongly disagree that I took the comment out of context. Prefacing the comment with a statement about it being a pleasure working with Bob doesnt make the comment any better. The comment wasnt even about Bob. It was about their general business philosophy"
X Link 2024-02-16T16:13Z [----] followers, [--] engagements
"Our plans to disrupt CRE- By being the first social media first CRE services company at scale. We will redefine how CRE firms market themselves their people and their properties. We will be a content and media company that provides CRE services. Our balance sheet will be used to build our peoples personal brands online. We will defend and reward our people for building their personal brand online not get jealous when they are successful. By doing this we will naturally attract people who understand the value of social media. When they join we will have the processes and systems in place to"
X Link 2024-02-16T17:44Z [----] followers, [----] engagements
"Lots of new followers (thank you JLL) so figured it is time for an intro: After working in the industry for [--] years I founded Aspire Commercial in April [----] with a clear ambition - figure out how to disrupt the commercial real estate (CRE) services industry. From day one I knew there was a once in a generation opportunity to disrupt this boring archaic industry stuck in the 1990s but I had no idea how. Ten months in I know the answer very clearly: Build the first social media first CRE services platform at scale. Invent a new way for a CRE firm to market itself its people its clients and its"
X Link 2024-02-17T04:06Z [----] followers, 20.3K engagements
"@BPD1776 Couldnt agree more. It is a near insurmountable task. As I tell myself If it was easy it wouldve already been done"
X Link 2024-02-17T16:38Z [----] followers, [--] engagements
"@keithkirwen @realEstateTrent I dont believe we are quite ready to go international yet but thank you for the offer 😂 😂 😂"
X Link 2024-02-17T16:41Z [----] followers, [--] engagements
"@natalie_OmniCRE @creisummit I will be at CREi Summit. I look forward to meeting you there"
X Link 2024-02-18T02:52Z [----] followers, [---] engagements
"A creative strategy some banks are using right now to avoid marking down the value of office building loans on their balance sheet: Put the property into receivership and appoint a receiver to continue operating the property. Meanwhile the bank will offer creative financing terms with way below market interest rates and way above market leverage and find a buyer to assume the loan. If put on the open market to buyers that had to secure debt today or purchase with all cash the asset would sell WAY below the loan balance. With these creative financing terms however some buyers can be convinced"
X Link 2024-02-20T23:04Z [----] followers, [----] engagements
"I made some aggressive comments about JLL last week following the firm letting Bob Knakal go. I made the comments because in my opinion the firing of Bob in conjunction with the statement JLL released sent a clear message: It is all about JLL and we do not believe our people building their own personal brands is to the benefit of JLL. If you get too big or if we do not like what you say we have no problem letting you go. Let me preface this by saying JLL is a great firm and I have many friends there. Some friends have pushed back on my comments. Some have pushed back HARD. I have been accused"
X Link 2024-02-21T05:57Z [----] followers, 57.3K engagements
"@RealEstateRahul @Serhant_ Its not inspired from anything existing. We are coming up with and figuring out the path as we go but couldnt be more convicted in the destination"
X Link 2024-02-21T07:18Z [----] followers, [----] engagements
"@CoyDavidsonCRE Great way to turn the real estate gods against you"
X Link 2024-02-22T02:52Z [----] followers, [---] engagements
"My buddy and I had the bright idea to purchase a portfolio of Section [--] houses in Ohio a few years back (never again). We sold them recently and some strange things have transpired. The deal closed on January [--]. Title company sent an email saying congrats. Our [----] intermediary confirmed receipt of the funds on the same day. Earlier this month we were told we were responsible for the water bills through January [--] because the public record shows that as the closing date. In Ohio the property owner is responsible for water no matter what. You can make tenants pay per the lease but if they dont"
X Link 2024-02-22T03:15Z [----] followers, 15.6K engagements
"Good looking team. Proud to be working with these fine individuals - Commercial Real Estate Reimagined"
X Link 2024-02-27T04:48Z [----] followers, [----] engagements
"Shoot your shot. Sometimes you only have one opportunity to do so. Took the biggest shot of my life today.🙏"
X Link 2024-02-29T23:01Z [----] followers, 22K engagements
"Right now is a terrible time to buy a house. I am not a residential real estate expert but common sense and recent anecdotal feedback Ive heard from residential agents says to stay on the sidelines. - Supply is artificially low because so many people with 3% mortgage rates will delay moving as long as possible. - Mortgage rates are up but prices are not down due to the artificially low supply. - There are bidding wars on homes that are priced right. If its not moving there is a reason. Do you really think it is a smart bet to assume that somehow homes will be the only real estate asset class"
X Link 2024-03-01T02:09Z [----] followers, [----] engagements
"@skylarromines Please do share these horror stories with me"
X Link 2024-03-01T06:31Z [----] followers, [---] engagements
"I got really into bitcoin and crypto back in [----]. Wild things were happening at the time. I had a buddy that was an early adopter that invested $5K that turned into $250K. At the time I thought $250K was life changing money. I couldnt miss out. Had to get in. I made a deal with myself: Decide the maximum amount of money you are willing to never see again. Invest it into these highly speculative assets/securities/currencies (still not sure exactly what they are) but you are not allowed to touch it for at least [--] years. I decided the number was $12500. I invested most into bitcoin some into"
X Link 2024-03-02T03:08Z [----] followers, [----] engagements
"I know it sounds crazy when some random guy with a weird last name says his company is going to disrupt the commercial real estate services industry. But I have no doubt we will. Why am I so confident Because when I set my mind towards something I become hyper focused. Some (i.e. my wife) would say obsessed. For better or worse it is how I was born and Ive accepted this fact about myself. I am not capable of changing. The truth is if I forced myself to change I would die inside. Might as well embrace it. I first realized this a few years ago when one of my childhood best friends told me a"
X Link 2024-03-03T02:57Z [----] followers, 15.7K engagements
"@YouGotHozed Self funding through my personal balance sheet and reinvesting all profits. Will need millions not billions. No lobbying necessary. I dont expect anyone to believe me for a few years. In fact longer people think I am crazy the better. Wont stop me from sharing the journey"
X Link 2024-03-03T18:17Z [----] followers, [--] engagements
"In order to own a firm providing the services we provide I am required to have a real estate broker license in Texas. I have never brokered the sale of a home. Nor will I do so in the future. Despite this I have the privilege of learning about selling homes every other year to meet state requirements to renew my license. Just finished my last online class for this years renewal. Please reach out if you need any help selling your home 😂"
X Link 2024-03-03T22:58Z [----] followers, [----] engagements
"@BillCCRE 😂 😂 😂 best comment for sure. Was using an old example to describe how I was born but this comment is too good and I cant argue with it"
X Link 2024-03-03T23:33Z [----] followers, [--] engagements
"@jandreini1 @cppartners_cre Love it"
X Link 2024-03-05T22:26Z [----] followers, [---] engagements
"Exciting things coming. Madelyn is our Director of Ops and BD. Holding this role at the first CRE services firm in the industry to make social media paramount to its strategy from inception she obviously has to be on X. Shes still skeptical. She will love it soon. She has lots of knowledge to share. Give her a follow This week Ive had several conversations with visionaries on our team - I am continuously learning the importance of fueling their fire and ensuring they have the support they need to be successful. Cant wait to see them thrive This week Ive had several conversations with"
X Link 2024-03-06T01:21Z [----] followers, [----] engagements
"What do starting a business getting married and having kids all have in common For me they have done the following: - Served as a mirror showing me my greatest weaknesses - Served as reminders to always put the long term over the short term - Push me to be the best I can be - Incredibly humbling - Puts things into perspective - Proof that the most rewarding things in life often require great sacrifice - Taught me that to succeed you must be fully committed - Served as reminders its not all about me - Served as reminders that I have much to learn Done wrong they can be immensely painful. Done"
X Link 2024-03-09T03:06Z [----] followers, [---] engagements
"@CoyDavidsonCRE @bethanyjbabcock Yes I do it all the time on here. But when Im having a private convo with someone I generally only find myself looking up phrases when the person is younger than me. And the younger they are more Im looking things up 😂"
X Link 2024-03-14T04:07Z [----] followers, [--] engagements
"Friendly reminder: Scanned signatures are electronic signatures. And they are far inferior to electronic signatures made on platforms such as DocuSign from a legal admissibility standpoint. Please spread the word"
X Link 2024-03-14T23:51Z [----] followers, [----] engagements
"@AdamB1438 The recipient of a scanned signature has an electronic signature with no audit trail. It is far better to have an electronic signature with an audit trail (I.e. DocuSign). There is no argument its safer to accept a scanned signature than a DocuSign signature"
X Link 2024-03-15T01:34Z [----] followers, [--] engagements
"The NAR settlement will change nothing about residential real estate. I may not be a residential expert but I know how real estate commissions work in the real world. The economists saying this will reduce commissions by 30% have no idea what they are talking about. Commission rates have been set for decades. Both residential and commercial. They do not change. It is illegal for real estate firms to collude to set rates but in reality the rates were set decades ago and remain today. The only thing that changes due to the NAR settlement is the commission rate the seller will pay to a buyers"
X Link 2024-03-16T01:16Z [----] followers, 89.5K engagements
"@rwsscott You could make an offer stating whatever buyer commission amount before the lawsuit. If a buyer wanted to distinguish themselves they could offer with no buyers agent commission. Still can after. No contract is being impacted by the lawsuit"
X Link 2024-03-16T02:05Z [----] followers, [---] engagements
"Sick of high insurance costs My parents live in Flower Mound TX. Last June there was a hail storm that destroyed their roof. It was replaced recently. My mom sent me this video yesterday. Way more damage this time. Brutal Roofers in DFW are sleeping well tonight"
X Link 2024-03-16T03:10Z [----] followers, 96.1K engagements
"Lets talk about the real problem with the real estate brokerage industry. HINT: commission rates arent it. The ease in obtaining a real estate license is. It is way too easy to obtain a real estate license. The ease in obtaining the license encourages causal unprofessional industry participants. The amount of real estate agents that originally obtained a license to help their cousin sell a house would shock you. After selling their cousins house (and probably losing their cousin a bunch of money in the process) these agents now sit around waiting for a deal to fall in their lap from time to"
X Link 2024-03-17T16:12Z [----] followers, 142.7K engagements
"@adampark1515 We are on the same page. I was not arguing it should be equally as hard to be a real estate agent than it is to be an attorney. But the difficulty level in obtaining a real estate license should be closer to that of an attorney than a notary. if that makes sense"
X Link 2024-03-18T02:55Z [----] followers, [--] engagements
"A CoStar employee recently told me it might not be a bad idea to consider buying some stock. CSGP was up 10% last week on the NAR news. CoStar owns homes dot com and is investing $1B in the platform to take on NAR & MLS. @bethanyjbabcock your theory about CoStar funding NAR lawsuits has never looked better"
X Link 2024-03-18T03:16Z [----] followers, 80.1K engagements
"I have never brokered the sale of a house nor will I ever but there sure are a lot of people on here who like to demean the residential real estate profession. Here are my thoughts for the haters: - Nobody has ever been forced to use a real estate agent. If you think you are sophisticated enough not to use one then dont - If your primary residence is the biggest purchase you will ever make not using a realtor is likely a bad decision. - If the profession needs to be disrupted with flat fee or highly reduced commissions go disrupt it You make it sound so easy. Put your money where your mouth"
X Link 2024-03-19T15:52Z [----] followers, 94.6K engagements
"By building a content and media company that provides CRE services. Our objectives are as follows: - Produce CRE content that people broadly interested in CRE will want to see and follow. - Be known as the most innovative firm in the industry. Do new crazy things that competitors will laugh at and make fun of until they dont. - Being top of mind is the name of the game. Build a content machine that keeps our company our people our clients and the properties/projects we work on top of mind with the audiences that matter. - Be the preeminent platform for CRE professionals who understand the"
X Link 2024-03-20T03:55Z [----] followers, [----] engagements
"@Amb58095516 @John_Marion_II Technology has not brought down the cost of doing business in real estate brokerage. Never been more expensive to drive around town looking at properties"
X Link 2024-03-20T13:07Z [----] followers, [--] engagements
"Spoke to the owner of a company that flips [--] houses/yr His feedback on NAR: I dont think itll change much. But itd be great for our business if it resulted in less buyers using agents. The unrepresented buyers will get absolutely smoked. And theyll have no idea"
X Link 2024-03-20T15:48Z [----] followers, 173.5K engagements
"@HydroFoundry Have you considered that maybe you do not reflect the average person"
X Link 2024-03-20T18:09Z [----] followers, [----] engagements
"@thesamparr @HamptonFounders Let me know when youll let a commercial real estate firm founder join"
X Link 2024-03-22T00:22Z [----] followers, [---] engagements
"The fact that NAR losing a lawsuit can impact the contractual relationships residential realtors nationwide must have with their clients proves how broken the entire residential system is. Those of us in the commercial real estate space can complain about CoStar all day long but theres no world where CoStar losing a lawsuit could impact requirements for our contractual relationships. CoStar losing a lawsuit would result in widespread celebration not widespread fear"
X Link 2024-03-22T01:06Z [----] followers, [----] engagements
"Starting a company teaches you more about your weaknesses than just about anything. The problem is theres no time to work on your weaknesses when youre running a rapidly growing company. You have to lean into your strengths and outsource your weaknesses to survive"
X Link 2024-03-23T01:09Z [----] followers, [----] engagements
"Just because a real estate private equity group can easily raise money does not mean they know what they are doing. Put in an offer on a $20M office deal a few months ago. We were not selected. Ended up being sent the equity deck from the buyer that was selected. The buyer underwrote $500K in tenant improvements and leasing commissions over a five year hold. We underwrote $7 million in tenant improvements and leasing commissions in the first five years. We know office. They do not. It was their first foray into the product type. They looked at tenant improvements and leasing commissions"
X Link 2024-03-24T00:53Z [----] followers, 119.5K engagements
"@ClarenceWongCRE TI allowances are out of control but the assumptions made by this buyer would have still been way off in years past before TI got so bad"
X Link 2024-03-24T02:15Z [----] followers, [----] engagements
"Elon Musk is going to wipe the floor with Microsoft and Satya Nadella on AI. The day OpenAI struck its deal with Microsoft was the day it sealed its fate to be defeated. Elon is an inventor that has developed revolutionary world changing technology. Much of what he has invented would still be considered impossible had it not been for him redefining the realm of possibility. Microsoft is an old sleepy monopoly that prints cash. The days of Microsoft being on the cutting edge of innovation are long in the rear view. How much has Microsoft Excel or Word advanced over the past ten years Satya"
X Link 2024-03-24T21:53Z [----] followers, [----] engagements
"There is a tenant in one of our buildings that never uses their space. I have not seen a person in the space a single time in more than [--] years. This sign has always been on their door. Figured it was certain theyd vacate. They recently renewed their lease through 2026"
X Link 2024-03-28T02:02Z [----] followers, 287.8K engagements
"My mom told me this afternoon that we should buy a house and stop throwing away all that money on rent. I told her to please wait until dinner time to serve the red meat"
X Link 2024-03-30T19:44Z [----] followers, [----] engagements
"The aftermath Sick of high insurance costs My parents live in Flower Mound TX. Last June there was a hail storm that destroyed their roof. It was replaced recently. My mom sent me this video yesterday. Way more damage this time. Brutal Roofers in DFW are sleeping well tonight. https://t.co/cXlJFdkiwo Sick of high insurance costs My parents live in Flower Mound TX. Last June there was a hail storm that destroyed their roof. It was replaced recently. My mom sent me this video yesterday. Way more damage this time. Brutal Roofers in DFW are sleeping well tonight. https://t.co/cXlJFdkiwo"
X Link 2024-03-31T01:29Z [----] followers, [----] engagements
"Happy Easter"
X Link 2024-03-31T16:04Z [----] followers, [----] engagements
"What are market commissions on a $20 million sale of a retail property in Central California that is 100% leased to [--] tenants"
X Link 2024-04-01T22:11Z [----] followers, 10.4K engagements
"I would like to thank my landlord for his generosity. For allowing me and my family to live in a property he owns. All we have to do is pay him rent every month. For accepting mediocre returns on his capital so that I can earn much higher returns on my capital by investing into my business and into real estate. For taking on the risk of all major components of the property including the HVAC system roof foundation plumbing and electrical systems etc. The value he is adding to my family is appreciated and does not go unnoticed"
X Link 2024-04-02T01:00Z [----] followers, 728.9K engagements
"@jkostecki_rei With a [--] [--] and [--] year old we are focused purely on survival 😂 This is what you see when you walk through our front door"
X Link 2024-04-02T01:52Z [----] followers, 57.5K engagements
"@RamRishiRam It is a single family home. Considering its market value and what I pay in rent it doesnt make sense. I invest in commercial real estate"
X Link 2024-04-02T03:48Z [----] followers, 50.7K engagements
"@kjhm85 @RamRishiRam I invest in commercial real estate. I rent a single family home wherein it makes little sense to be a landlord when you look at the market value compared to market rents"
X Link 2024-04-02T03:50Z [----] followers, [--] engagements
"Well said and completely accurate. Here is what Im seeing office lenders do: - Extend with the borrower contributing some additional equity - Sell to a new owner for (way) above market pricing by extending the lower interest rate loan - Put buildings into receivership and appoint a receiver to avoid taking the loss on paper They only foreclose if none of the three above can be accomplished. When lenders foreclose and sell for what the market will pay either in cash or with current debt terms the next buyer has a shot at success. When one of the three aforementioned bandaid approaches are"
X Link 2024-04-02T23:59Z [----] followers, [---] engagements
"Friendly reminder - If you have formed a new entity since January [--] [----] you only have [--] days from the date of formation to file the Beneficial Ownership Information Report with the federal government. The agency you have to file with is FinCEN. We launched the property management side of our business this year and I formed a separate LLC for it. The entity was filed in January and I almost forgot about this required filing. There are stiff penalties if you miss. You can file it online. Doesnt take long but you have to upload your ID. You have until the end of the year to file if the entity"
X Link 2024-04-03T22:33Z [----] followers, [----] engagements
"I have bad news to report. If you are counting on interest rate cuts in [----] this will be difficult to hear. I paid $5.68 for this kids size scoop of ice cream. My [--] year old ate it in less than [--] seconds. Rate cuts in [----] are officially off the table"
X Link 2024-04-06T18:43Z [----] followers, [----] engagements
"Big [--] accounting sounds similar to Big Law just for a fraction of the pay. I started my career in Big [--] accounting. These firms are very good at convincing college students that going Big [--] is the ticket to success. They wine and dine you offer internships and really sell the dream. It did not take long for me to realize it was not the dream for me. The hours were long and sometimes unnecessary. Working late is engrained into the culture. I remember being on an assignment where everyone would take long dinner breaks and play a team game for an hour each evening. You couldnt forego the dinner"
X Link 2024-04-07T01:25Z [----] followers, 21.3K engagements
"It is so sad our country has devolved into a place where there are only [--] bipartisan issues: [--]. Spend the country into oblivion. Have zero regard for math common sense or the future. [--]. Nominate presidential candidates that are in the final 5-10% of their lives and will not be alive to experience the negative consequences of their reckless spending. [--]. Allow people in Congress especially those in leadership positions to trade stocks based on insider information only available to Congress with no consequences. The country needs to wake up fast"
X Link 2024-04-07T19:10Z [----] followers, [----] engagements
"@sweatystartup Nick you have figured out how to successfully operate a 100% remote company wherein your employees can presumably live anywhere. This is the exception not the rule. Tens of millions of people have to live close enough to their place of employment and cant just up and leave"
X Link 2024-04-07T23:16Z [----] followers, [----] engagements
"I continue to hear smart people say the NAR settlement is going to reduce residential real estate commissions. They are all dead wrong. Discount brokerages have been around for a long time. People are acting like this settlement all of a sudden gives discount brokerages permission to enter the market. Theyve always had permission to enter the market and many have. And they have all failed. Discount brokerages have never worked at scale for one simple reason: In order for a business to scale it has to make money. Sure a business can raise money spend on marketing and tell a story. But at some"
X Link 2024-04-08T01:50Z [----] followers, 32K engagements
"@DavidJacobsLive @PatrickStoa Understood. What Im saying is if the seller agrees to pay the buyers agent commission it is essentially a mortgage add on for the buyer and its allowed. I put pay in quotes because the buyer is always the one paying for commissions regardless of what the closing docs say"
X Link 2024-04-08T11:47Z [----] followers, [---] engagements
"@rjordan_ca They certainly control access to the market via MLS. But the lawsuit has nothing to do with MLS access And there are companies you can hire to list on the MLS and you do all the work from there"
X Link 2024-04-08T11:54Z [----] followers, [---] engagements
"@carbonzen_org @dchidyllo Yes I have seen the allegations about Grant Cardone doing this. But didnt expect to hear this about your friendly local Houston real estate private equity firm"
X Link 2024-04-09T02:15Z [----] followers, [----] engagements
"@KCmolzer Texas is a non disclosure state"
X Link 2024-04-09T03:36Z [----] followers, 10.8K engagements
"@scott_selle They are not acting as real estate agent. They are raising money from LPs at valuations higher than what they are actually purchasing properties for and pocketing the difference"
X Link 2024-04-09T04:04Z [----] followers, [----] engagements
"@buyahause @AnkurBa63796703 Correct. Can get resi sales prices via mls access however (unless the sale was off market)"
X Link 2024-04-09T05:58Z [----] followers, [--] engagements
"My cousin needs some legal help. I told her I would take a 180-hour course on being a lawyer so I can represent her with her legal needs. I am generous so I even told her I would share some of my fees with her. Oh wait the legal profession doesnt allow casual unprofessional participants that decided on a whim to get their license real quick. So why does the real estate profession allow this"
X Link 2024-04-09T18:57Z [----] followers, 26.4K engagements
"@RCBakerRealtor The problem is its too easy to get a license. The barrier to entry should be much higher. Not as high of a barrier to entry to get a law license or CPA but should be higher than it is now"
X Link 2024-04-09T20:34Z [----] followers, [---] engagements
"@rbzappCT No brokers. Its a real estate private equity company that syndicates money and buys real estate"
X Link 2024-04-09T22:46Z [----] followers, [---] engagements
"It is no surprise inflation came in higher than expectations. The impact increasing interest rates has on inflation is blunted when the federal government is spending money like it is. I recently spoke to a guy that works for a large general contractor. He mentioned their real estate development pipeline has dried up to almost nothing but they are doing fine because theyve shifted to government work. The government is spending money like crazy and pays significantly more than the private sector for the same work. Jay Powell can only do so much. Interest rates cant fix all problems. This"
X Link 2024-04-11T01:08Z [----] followers, [----] engagements
"@abiggerinfinity Have you looked at US government spending We massively increased spending then stayed there. Joe Biden wants to keep increasing it. Time will prove me right"
X Link 2024-04-11T02:45Z [----] followers, [--] engagements
"Heres a story about my first trip to Augusta to see the Masters on a private jet. After pursuing a prospective client for over a year I finally won the business. A few months later I invited the owner on a trip to the Masters. He accepted. I called him a couple weeks before and said Here are the flights I am going to book. The options are limited. Do these work for you He chuckled and said No they dont. We are taking my plane. Ill text you the exact departure time the morning of. This trip ruined me forever. I have been on a mission to own a private jet ever since. The freedom and convenience"
X Link 2024-04-11T13:43Z [----] followers, 311.4K engagements
"@mhprvpmvp I couldnt agree more. When I stepped on the tarmac and saw how small the plane was I told the owner it would almost be better to fly commercial"
X Link 2024-04-11T20:46Z [----] followers, 12K engagements
"@TheMoRegalado It is important to note that the Chinese Communist Party controls TikTok. Ill get on it the day they are forced to divest"
X Link 2024-04-12T02:21Z [----] followers, [---] engagements
"@bhwizzy I have lived in California West Texas and Dallas Fort Worth and Houston. I dont plan on ever leaving Houston"
X Link 2024-04-12T03:06Z [----] followers, [---] engagements
"@SBA_Matthias Love it. I plan to change the commercial real estate brokerage space. Lets make it happen"
X Link 2024-04-12T05:41Z [----] followers, [--] engagements
"With the Masters being [--] of only [--] occasions per year where all the best players in the world play in the same tournament I cant help but think Should the United States allow a foreign government to use its balance sheet to orchestrate a hostile takeover of our professional sports leagues A private organization cannot compete with the government of the second largest oil producing nation in the world (trailing only the US). The government of a rich country like Saudi Arabia has the luxury of being able to make decisions without regard to economics. Through LIV the Saudi Arabian PIF is"
X Link 2024-04-14T20:25Z [----] followers, [----] engagements
"Mark Cuban announced he will be wiring $288000000 to the IRS tomorrow. Guess how long that will fund the US government [--] minutes"
X Link 2024-04-14T22:52Z [----] followers, 114.1K engagements
"@_bailey_g Not saying [--] person could or should sustain the country. That is an insanely high tax payment and its just wild to think how inconsequential such a massive number is to overall government spending"
X Link 2024-04-14T23:08Z [----] followers, [----] engagements
"Did you know that borrowing costs which are obviously heavily influenced by interest rates are not factored into inflation figures Shocking but true. Inflation numbers are bad but reality is often far worse than what numbers say. Lets look at housing where true inflation is well over 100% since COVID. Here's the data: In Q1 [----] the median sales price of a home in the US was $329000. In Q3 [----] that number rose to $417700 a 27% increase. Median sales prices peaked in Q2 [----] at $479500 which was a 46% increase to Q1 [----]. Now lets look at CPI for shelter which factors shelter costs for all"
X Link 2024-04-15T22:43Z [----] followers, [----] engagements
"@DawgsGolfSpurs I dont disagree that Rory isnt what he once was. But he was the biggest PGA Tour defender and seemed to be the guy keeping a lot of the other guys loyal"
X Link 2024-04-16T02:52Z [----] followers, 147.9K engagements
"Good points. I am certainly not arguing we should stop foreign investment. Pro sports leagues are exempt from antitrust law creating just one major player in each sport. By this set up the one player is inherently vulnerable to a foreign government coming in with unlimited funds forming a competing league and forcing the existing to either go bankrupt or make a deal. Although not significant economically compared to your examples pro sports has outsized cultural influence. Its not an economic argument. Its a cultural argument. I just dont think we want foreign actors controlling our"
X Link 2024-04-16T03:37Z [----] followers, 176.6K engagements
"@DanFriedman81 Neither do I. But its different when the competitor is a foreign government. Pro sports have an outsized cultural impact relative to their economic output. Not sure we want foreign governments coming in and taking control"
X Link 2024-04-16T04:00Z [----] followers, 83K engagements
"@KaiHypko Tough to say no to 10x what youve made in your [--] year career"
X Link 2024-04-16T04:14Z [----] followers, 28.9K engagements
"@corso4420 https://www.pgatour.com/stats/detail/014 https://www.pgatour.com/stats/detail/014"
X Link 2024-04-16T04:33Z [----] followers, 20.2K engagements
"@kifcap Certainly not. Im suggesting maybe foreign governments shouldnt be the PGA tours competitors"
X Link 2024-04-16T07:31Z [----] followers, 38.6K engagements
"I received a surprise $2500 bill from the local affiliate of NAR for services I did not purchase or use. How could that be Well I hired a couple residential agents that are going through our training process to learn to be commercial agents. These agents needed the MLS for a couple lingering residential transactions. So I purchased the MLS for them. In order to get MLS access you must also purchase a NAR membership a TAR membership (the state affiliate) and a HAR membership (the local affiliate). Seemed excessive but I had no choice and purchased them all. Fast forward several months they"
X Link 2024-04-17T04:06Z [----] followers, 18.6K engagements
"Some big accounts on here have talked about how the wealthiest most successful people are often the fastest to respond. Its true. Emailed the founder of a $750M+ annual revenue construction firm today. His response time: Under [--] seconds"
X Link 2024-04-17T15:34Z [----] followers, 17.6K engagements
"@SMB_Attorney Ability to be calm and uplifting on the outside while terrified on the inside Willingness to delay gratification High risk tolerance Ability to withstand pain and suffering Ability to ignore negative thoughts Ability to take punches"
X Link 2024-04-19T01:13Z [----] followers, [---] engagements
"I was introduced to one of the most prolific tenant rep brokers in Houston this week. I got straight to the point: I am in the process of disrupting the commercial real estate industry. I would like you to join me and I can offer you things nobody else can. His response: Excuse me who are you I gave him the elevator pitch on the vision why it is going to work and why he should be a part of it. I am listening. Keep going. I went into more detail. He pushed back. Told me he doesnt think it will work but that he is intrigued. I said: Look if it was so easy that I could convince you this vision"
X Link 2024-04-19T04:16Z [----] followers, 107.5K engagements
"@CaseyChesh A much better way to word my tweet lol"
X Link 2024-04-19T23:29Z [----] followers, [--] engagements
"Had a special visitor in the office today @wduzzer92. Always great to see you brother Send your industrial deals in the Texas Triangle to Will and @jbmatcap. They are hungry and active"
X Link 2024-04-19T23:48Z [----] followers, [----] engagements
"@ArjunJacobson @rohde88 At your age Id recommend focusing on becoming a master at your craft for the next couple years making some money in the process. As you learn and mature you can figure out your risk tolerance. Just keep in mind the younger you can start taking risks the better"
X Link 2024-04-20T21:29Z [----] followers, [--] engagements
"I lost my best friend to brain cancer back in [----]. Saw a post this week from someone talking about losing their best friend. Really hit me hard. On my way to the office the next day one of his favorite songs from college came on. A song we used to listen to on repeat on our many road trips across Texas to California Colorado Alabama Florida and many other places. Completely lost it. Still cant believe he is gone. There are some things you can learn to live with but never get over. Life is short. Tomorrow is never guaranteed and our health can vanish in an instant. Although I frequently fail"
X Link 2024-04-20T21:51Z [----] followers, 28.6K engagements
"The most underrated account I have come across on here is @TopherNOW. The guy runs a sizable CRE firm and is a wealth of knowledge. He is on the cutting edge of leveraging AI tools for real estate consistently posting valuable and transparent insights in great detail. If you are interested in AI and/or CRE not following him is a mistake. Not to mention he is a genuinely great human with a passion for helping others. He is too humble to give himself the credit he deserves so I wanted to do so on his behalf"
X Link 2024-04-20T23:37Z [----] followers, [----] engagements
"Elon Musks compensation package being voided by a judge should be highly concerning to anyone that loves capitalism. Context matters. You can't look at a compensation figure and draw conclusions based solely on a number. I am linking a video to show how insane people thought Elon was for accepting this this compensation package at the time. Andrew Ross Sorkin described the hurdle rates as "crazy". Whether any particular judge likes it or not we live in a country that allows individuals to take huge risks in exchange for asymmetric upside. Take away or otherwise limit the incentive for"
X Link 2024-04-22T03:05Z [----] followers, [----] engagements
"@MrChrisCurrier Shareholders didnt have to approve it. Those that didnt like it could have sold. Nobody was harmed. A CEO getting paid nothing until they double the value of the company seems like a pretty great deal for shareholders"
X Link 2024-04-22T18:18Z [----] followers, [--] engagements
"@TopherNOW @TuckerCarlson It is very important to know what those you disagree with are thinking. Sometimes it reaffirms your beliefs. And other times it makes you rethink positions. Very healthy"
X Link 2024-04-26T01:18Z [----] followers, [---] engagements
"One of the leading residential brokers in Houston is telling team members and clients that the market is going down buyers are no longer willing to keep paying inflated prices and that sellers need to cut prices if they want to transact. Not my area of expertise but my belief has always been theres no way the housing market can be the only real estate asset class that gets out of this unscathed"
X Link 2024-04-26T01:33Z [----] followers, [----] engagements
"@AdamKleinROI Will destroy the lives of many men"
X Link 2024-04-26T01:34Z [----] followers, [--] engagements
"@ZeroBasis @nlgraham1 Yea I was surprised to hear this position but I fundamentally dont understand the housing market right now. Just doesnt make sense"
X Link 2024-04-26T03:38Z [----] followers, [--] engagements
"Taxing unrealized capital gains is one of the most foolish economic ideas ever presented"
X Link 2024-04-26T16:45Z [----] followers, [----] engagements
"@TeamHerrold Make sure you dont have to pay any California state income tax 😂"
X Link 2024-04-26T20:03Z [----] followers, [----] engagements
"Believing real estate is a passive investment is believing all responsibilities of property ownership can be delegated to a property management company. A profoundly misguided and fantastical notion"
X Link 2024-04-26T22:29Z [----] followers, [----] engagements
"@ftw_cre Property taxes in Texas are out of control. Im as peeved as the next guy about it. But a state government charging property instead of income tax is not anywhere close to as bad as if the feds tried to tax unrealized gains"
X Link 2024-04-27T00:50Z [----] followers, [--] engagements
"@SteveHanscomCRE Be very careful. The real estate gods do not appreciate it when one assumes a deal is going to get done"
X Link 2024-04-27T01:11Z [----] followers, [---] engagements
"Theres no shortage of success stories shared on here. You dont read nearly as often about the gut wrenching losses. Heres a short story of a gut wrenching loss: I received a congratulations email from a title company as I was walking into a lunch meeting. Congratulations to all. We have officially closed. By the time I left the lunch the deal was dead. The buyers uncle called the title company and withdrew his funds right before the wire was sent. The buyers uncle cost his nephew $250K in earnest money. Our commission would have been $315K. A deal is not done until the funds have hit and"
X Link 2024-04-27T18:12Z [----] followers, 22.1K engagements
"@BeckReit Youll have to tell me the full story next time youre in Houston"
X Link 2024-04-28T02:38Z [----] followers, [---] engagements
"HubSpot or Salesforce I need to make a decision quickly and have never used either platform. Use case is for a commercial real estate firm. Track closed and pending deals inquiries on listings existing and potential clients properties of interest email marketing etc"
X Link 2024-04-28T18:50Z [----] followers, 109.3K engagements
"@PowellZack Appreciate the feedback. Have you used Salesforce as well and prefer HubSpot or are you just a HubSpot fan I struggle having never used either"
X Link 2024-04-28T18:57Z [----] followers, [---] engagements
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