# ![@jw_hou Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::39196935.png) @jw_hou Jerry Winograd

Jerry Winograd posts on X about cash flow, investment, build a, if you the most. They currently have [------] followers and [--] posts still getting attention that total [---] engagements in the last [--] hours.

### Engagements: [---] [#](/creator/twitter::39196935/interactions)
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### Mentions: [--] [#](/creator/twitter::39196935/posts_active)
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### Followers: [------] [#](/creator/twitter::39196935/followers)
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- [--] Week [-----] +1.10%
- [--] Month [-----] -0.29%
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### CreatorRank: undefined [#](/creator/twitter::39196935/influencer_rank)
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### Social Influence

**Social category influence**
[finance](/list/finance)  [currencies](/list/currencies)  [technology brands](/list/technology-brands)  [automotive brands](/list/automotive-brands)  [travel destinations](/list/travel-destinations)  [luxury brands](/list/luxury-brands)  [fashion brands](/list/fashion-brands)  [social networks](/list/social-networks)  [stocks](/list/stocks) 

**Social topic influence**
[cash flow](/topic/cash-flow), [investment](/topic/investment), [build a](/topic/build-a), [if you](/topic/if-you), [money](/topic/money), [clean](/topic/clean), [build](/topic/build), [rates](/topic/rates), [debt](/topic/debt), [over the](/topic/over-the)

**Top assets mentioned**
[Reserve (RSV)](/topic/reserve) [Uber Technologies, Inc. (UBER)](/topic/uber) [Tesla, Inc. (TSLA)](/topic/tesla)
### Top Social Posts
Top posts by engagements in the last [--] hours

"@realEstateTrent I would never do a cash out refi you take an asset with good cash flow and increase the ownership risk. Instead of one good deal you may end up with two bad deals with a horrible tax basis if you lose the deals. I want to own properties not have the properties own me"  
[X Link](https://x.com/jw_hou/status/1739709743638163907)  2023-12-26T18:08Z [---] followers, [---] engagements


"@chernobelskiy The problem is most deals look good on paper you just need to put in the due diligence as if the LP investment was your own deal"  
[X Link](https://x.com/jw_hou/status/1762189811333390570)  2024-02-26T18:56Z [---] followers, [--] engagements


"@KovatsMultiFam @LiverpoolQI When you build a model you need to build a what if model if rates are 8% in [--] years. If you are good with that risk then do the deal. I would never be comfortable with that cap rate on a fully operational property"  
[X Link](https://x.com/jw_hou/status/1785470342489571475)  2024-05-01T00:44Z [---] followers, [--] engagements


"@buyahause I never considered future value in my models. I only looked at cash flow after rehab/construction and stabilization. It makes more sense to look at IRR after a sale rather than a dart board exercise before you purchase"  
[X Link](https://x.com/jw_hou/status/1786788537641173430)  2024-05-04T16:02Z [---] followers, [--] engagements


"@CT_Friedman No. Have equity in place. I just refuse to borrow on land"  
[X Link](https://x.com/jw_hou/status/1787990561569247291)  2024-05-07T23:39Z [---] followers, [--] engagements


"Why are CRE folks saying we are seeing the bottom of the distress I think we are in the third inning. Some distressed deals that were restructured last year are in worse condition today. Most of the deals done from 2020-22 with floating rate debt cannot be fixed without a major price reset. With many lenders kicking the can down the road the distress will continue to build. During the GFC 2007-09 the real distress did not appear until 2011-14"  
[X Link](https://x.com/jw_hou/status/1791243910930391320)  2024-05-16T23:06Z [---] followers, [---] engagements


"@realEstateTrent I Vegas it is bad enough that they always want to take the long way around to the strip. I would have said I only have cash for tips"  
[X Link](https://x.com/jw_hou/status/1793058277539938336)  2024-05-21T23:16Z [---] followers, 11.5K engagements


"@EstateRanger You are correct. The deals done over the past few years had no margin of error with a huge downside. Everything works on an excel spreadsheet"  
[X Link](https://x.com/jw_hou/status/1802059100357812422)  2024-06-15T19:22Z [---] followers, [---] engagements


"@roberthendricks But you leveraged up the deal why would you do that if you plan on selling it in the next [--] months"  
[X Link](https://x.com/jw_hou/status/1819567271569690955)  2024-08-03T02:53Z [---] followers, [--] engagements


"@DallasAptGP Seems like it is the way some apartment owners operate without an HOA"  
[X Link](https://x.com/jw_hou/status/1822089301137424607)  2024-08-10T01:55Z [---] followers, [---] engagements


"@bavedikian Distress was also very slow coming out of the GFC the best deals were in 2011-2013"  
[X Link](https://x.com/jw_hou/status/1824826798636704195)  2024-08-17T15:13Z [---] followers, [--] engagements


"@CoyDavidsonCRE Looks a bit like Molinas or maybe Los Tios"  
[X Link](https://x.com/jw_hou/status/1830319381403832475)  2024-09-01T18:58Z [---] followers, [--] engagements


"Not to be picky but I do not think this is how one should calculate IRR. Realized Gross Returns include total income from part or full investment dispositions covering returns of capital interest and dividends. These are gross figures excluding management fees expenses and carried interest which may significantly reduce net returns"  
[X Link](https://x.com/jw_hou/status/1838723608807436519)  2024-09-24T23:34Z [---] followers, [---] engagements


"@bavedikian Houston is not much better. Seems like the last few times I attempted the arrival time was unacceptable especially when the cabs are lined up waiting for customers"  
[X Link](https://x.com/jw_hou/status/1838730084460466584)  2024-09-24T23:59Z [---] followers, [--] engagements


"@LeylaKuni Just wait until the rollover [----] investors receive their K-1s it will not be nice"  
[X Link](https://x.com/jw_hou/status/1841969044582498474)  2024-10-03T22:30Z [---] followers, [--] engagements


"@CoyDavidsonCRE @gas_biz Amazing game"  
[X Link](https://x.com/jw_hou/status/1842723855271342386)  2024-10-06T00:29Z [---] followers, [--] engagements


"@CoyDavidsonCRE Maybe it is time to buy"  
[X Link](https://x.com/jw_hou/status/1843033379627057566)  2024-10-06T20:59Z [---] followers, [--] engagements


"@investingcre @jpapeika @buyahause I am trying to determine what property this is. Back soon"  
[X Link](https://x.com/jw_hou/status/1863762133999071274)  2024-12-03T01:48Z [---] followers, [---] engagements


"We just went through the easiest growth period for multifamily ever imo. From 2010-2020 all you had to do was throw a dart and the deal was a home run. Everyone was a genius until they were not. Most of the newer owners had no clue about interest rates and the risk of caps and floating rate debt"  
[X Link](https://x.com/jw_hou/status/1864147404116906079)  2024-12-04T03:19Z [---] followers, [---] engagements


"Yesterday @FCNightingale listed four buildings that did not sell at auction due to not meeting the reserve price. This made me think back to the GFC when a [---] unit apartment property was posted for foreclosure the property was really distressed and had severe foundation problems. I visited with the attorney handling the foreclosure and worked out a way to fund if we were the successful bidder. The lender immediately bid 5.3MM and they stared at me while I did nothing. Their bid purchased the property. The next day the bank officer called and asked why I did not bid on the property. I told"  
[X Link](https://x.com/jw_hou/status/1869759826579869825)  2024-12-19T15:00Z [---] followers, [---] engagements


"@skylarromines @Uber @lyft You are correct. Seems like I smell like the pine tree freshener hanging from the mirror after each ride"  
[X Link](https://x.com/jw_hou/status/1872791988988461358)  2024-12-27T23:49Z [---] followers, [---] engagements


"@moseskagan Maybe the rents accelerated much more than they should have the past ten years this created a windfall for the management companies. The Austin market has been on fire for years"  
[X Link](https://x.com/jw_hou/status/1875943130710819010)  2025-01-05T16:31Z [---] followers, [---] engagements


"@Agency_Debt_Guy Just the tip of the iceberg"  
[X Link](https://x.com/jw_hou/status/1876762179401044136)  2025-01-07T22:45Z [---] followers, [--] engagements


"@Lonnie_CRE @TreppWire I think I have listed to about [---] TreppWire Podcasts. Congratulations and thank you for the great content"  
[X Link](https://x.com/jw_hou/status/1877577232887013604)  2025-01-10T04:44Z [---] followers, [--] engagements


"@roberthendricks Most buyer in [----] and [----] did not understand the capital needs of workforce housing. If done right it is an amazing sector but you have to purchase at a basis that allows for proper renovations and ongoing maintenance"  
[X Link](https://x.com/jw_hou/status/1917727315884118075)  2025-04-30T23:46Z [---] followers, [----] engagements


"@AdamB1438 Congratulations some of my favorite deals have been 7-14 day close"  
[X Link](https://x.com/jw_hou/status/1940903512139092289)  2025-07-03T22:40Z [---] followers, [--] engagements


"@DallasAptGP The title company I use told me about a large mall owned by a REIT that had the same thing happen"  
[X Link](https://x.com/jw_hou/status/1956531263730298960)  2025-08-16T01:39Z [---] followers, [---] engagements


"I think most LPs have no clue as to what they are agreeing to. Bad GPs can easily and legally rip off their own LPs. While I do my own Multifamily deals I do invest with a few GPs that I have known and trust. I read through the documents and have requested changes if I do not agree with some of the terms"  
[X Link](https://x.com/jw_hou/status/1956734410151096412)  2025-08-16T15:06Z [---] followers, [---] engagements


"@LeylaKuni IRR is a silly guess before a deal is purchased it only makes sense after the deal is sold and funds are distributed"  
[X Link](https://x.com/jw_hou/status/1961172608256545240)  2025-08-28T21:02Z [---] followers, [--] engagements


"@ShlomoChopp When I taught Multifamily Residential Real Estate Fundamentals at the University of Houston we had a three hour discussion each semester on what to do when everything goes wrong. Many buyers rarely think of these issues until it is too late"  
[X Link](https://x.com/jw_hou/status/1977397070408405043)  2025-10-12T15:32Z [---] followers, [---] engagements


"The system is antiquated. Happened to me just required two false signatures a fake notary stamp and a $26 filing fee. It took eight months and about $10000 to fix. There should be a required verification system to protect the owner. Some counties offer a free notification for any title transfers"  
[X Link](https://x.com/jw_hou/status/1855737301676208258)  2024-11-10T22:20Z [----] followers, [----] engagements


"@realEstateTrent Aeron by Herman Miller"  
[X Link](https://x.com/jw_hou/status/1977548706393063626)  2025-10-13T01:35Z [----] followers, [---] engagements


"Great job. Not to be critical but why leverage up I prefer lower leverage and higher operating cash flow. Over the years I have seen several deals get in a bind after leveraging up a few times. In a perfect work I get it but in the apartment business the world is ever changing"  
[X Link](https://x.com/jw_hou/status/1978488615723311144)  2025-10-15T15:50Z [---] followers, [----] engagements


"@buyahause @bavedikian In the 1970s many apartment properties were sold on wrap notes. The 1st lien holder would allow the current owner to sell to a new group. The new group would make monthly payments to the original borrower and the original borrower would continue to pay on the 1st lien"  
[X Link](https://x.com/jw_hou/status/1981182766856515906)  2025-10-23T02:15Z [---] followers, [----] engagements


"I have a different take on this for Texas real estate. In the 1980s the market went into decline in mid [----] and really declined in [----] then the change in the tax law hit in [----]. The recovery started in [----]. Several buyers started buying defaulted deals in [----] only to lose them in [----] and [----]. The foreclosure numbers were huge. While the GFC started in [----] the foreclosures didnt really begin until [----] and seemed to pick up steam through [----]. The lenders made use of receivers much earlier than this cycle"  
[X Link](https://x.com/jw_hou/status/1988721674884186126)  2025-11-12T21:32Z [----] followers, [----] engagements


"@MarkAllenMulti Sure there is something worse a worn out Kia with two Christmas trees hanging on the rear view mirror. That smell permeates your clothes"  
[X Link](https://x.com/jw_hou/status/1989883881961484694)  2025-11-16T02:31Z [----] followers, [--] engagements


"@allencbuchanan @kenashley Back in the day the Mayflower was my favorite place in Athens. Old school diner for Mexican food I would go home to Texas"  
[X Link](https://x.com/jw_hou/status/1990090406843785699)  2025-11-16T16:11Z [----] followers, [--] engagements


"Many homes are purchased based on the monthly payment instead of price when the fed pushed interest rates down due to Covid-19 that is when prices rose due to the artificially low interest rates. One would think prices would adjust down due to the rise in interest rates but the supply and demand of homes is now out of sync"  
[X Link](https://x.com/jw_hou/status/1991714722920505731)  2025-11-21T03:46Z [----] followers, [--] engagements


"@LuxuryWatchGuy1 There was a time when a smooth bezel PT Rolex was a rare find. Why they now have a fluted bezel is beyond me maybe they wanted confusion between WG and PT"  
[X Link](https://x.com/jw_hou/status/1993421809832620453)  2025-11-25T20:49Z [----] followers, [--] engagements


"@realEstateTrent We are not in the interest rate business we are in the real estate business. You need to make the deal work with todays rates or dont do the deal. If the deal is dependent on interest rates falling then you are gambling"  
[X Link](https://x.com/jw_hou/status/1994227430907666595)  2025-11-28T02:10Z [----] followers, [--] engagements


"@ConorNeu I have been doing that for over [--] years. Another tip is to use an iPad with a PDF app and Text Replacement to set up all entity names. Makes signing contracts simple if not already on a Docusign type application"  
[X Link](https://x.com/jw_hou/status/2000783441185402989)  2025-12-16T04:21Z [----] followers, [----] engagements


"@robbiehendricks I have always budgeted between +2% to -2% depending on the previous year"  
[X Link](https://x.com/jw_hou/status/2004623015938850882)  2025-12-26T18:39Z [----] followers, [---] engagements


"@realEstateTrent What is interesting is if you ask the seller and buyer what the cap rate is there is usually a [--] point spread. I ignore cap rates and IRR and only look at my projected cash flow after stabilization"  
[X Link](https://x.com/jw_hou/status/2018053812401905730)  2026-02-01T20:08Z [----] followers, [--] engagements


"@robbiehendricks Welcome to the world of real estate there have always been and will always be grifters out there. They raise FOMO money from the uninformed"  
[X Link](https://x.com/jw_hou/status/2018753521051480439)  2026-02-03T18:28Z [----] followers, [---] engagements


"@awsmithhtx @JustDogHair @GallantSays Originally developed by General Growth and merged into Howard Hughes as part of the restructuring"  
[X Link](https://x.com/jw_hou/status/2022116691761934540)  2026-02-13T01:12Z [----] followers, [--] engagements


"Same thing happened to my house. It took [--] months and $8000 to clean up. Process to fix is automatic in the Texas courts unless the judge improperly demands a hearing and schedules is [--] months out. The current process to files a deed is way past its useful life at a minimum there should be some sort of verification if not filed by a title company that is registered in the state"  
[X Link](https://x.com/jw_hou/status/2022461744812069293)  2026-02-14T00:03Z [----] followers, 14.5K engagements


"Wow what a mess. How to make $300 million disappear https://t.co/15IrFrVj2Y How to make $300 million disappear https://t.co/15IrFrVj2Y"  
[X Link](https://x.com/anyuser/status/2008383974092009720)  2026-01-06T03:43Z [----] followers, [---] engagements


"How to make $300 million disappear"  
[X Link](https://x.com/anyuser/status/2008331547565584561)  2026-01-06T00:15Z 14.4K followers, [----] engagements


"Great summary. My first take was [----] sales price means nothing. Tired of losing money in real estate Today were going to look at a pitch deck from Nitya Capital. Ill teach you a few things that you can hopefully use to separate good deals from bad ones. Buckle up. https://t.co/RvG5oUSwVb Tired of losing money in real estate Today were going to look at a pitch deck from Nitya Capital. Ill teach you a few things that you can hopefully use to separate good deals from bad ones. Buckle up. https://t.co/RvG5oUSwVb"  
[X Link](https://x.com/anyuser/status/1999978244939133041)  2025-12-13T23:02Z [----] followers, [---] engagements


"Tired of losing money in real estate Today were going to look at a pitch deck from Nitya Capital. Ill teach you a few things that you can hopefully use to separate good deals from bad ones. Buckle up"  
[X Link](https://x.com/anyuser/status/1999956874104623509)  2025-12-13T21:37Z 47.7K followers, 142.2K engagements


"Big shout out to the @StateDept. Standard passport renewal took less than two weeks from submission to arrival Thanksgiving holiday included"  
[X Link](https://x.com/anyuser/status/1995236378381275236)  2025-11-30T20:59Z [----] followers, [---] engagements


"RT if you support these moves in Treasuries. Like this tweet if you want yields to go lower too (without economic calamity)"  
[X Link](https://x.com/anyuser/status/1993305625301062041)  2025-11-25T13:07Z 23.2K followers, [----] engagements


"Excellent deep dive. Every time I think the fellas at Key City cant get worse they outdo themselves. They are incompetent buffoons who have lost numerous multifamily properties to foreclosure and are now issuing urgent capital calls to save what remains. Unfortunately for them their investors love Every time I think the fellas at Key City cant get worse they outdo themselves. They are incompetent buffoons who have lost numerous multifamily properties to foreclosure and are now issuing urgent capital calls to save what remains. Unfortunately for them their investors love"  
[X Link](https://x.com/anyuser/status/1977140949538291832)  2025-10-11T22:35Z [----] followers, [---] engagements


"Every time I think the fellas at Key City cant get worse they outdo themselves. They are incompetent buffoons who have lost numerous multifamily properties to foreclosure and are now issuing urgent capital calls to save what remains. Unfortunately for them their investors love giving me the details. Lets dive in: (1/11)"  
[X Link](https://x.com/anyuser/status/1975651141045395775)  2025-10-07T19:55Z [----] followers, 10.4K engagements


"A great opportunity. I'm hiring an Investment Associate in Dallas. In-person only. We come into the office and solve problems face-to-face every day. Youre our kind of associate if you: Have [--] years of real estate finance or consulting experience Can build a clean financial modeland I'm hiring an Investment Associate in Dallas. In-person only. We come into the office and solve problems face-to-face every day. Youre our kind of associate if you: Have [--] years of real estate finance or consulting experience Can build a clean financial modeland"  
[X Link](https://x.com/anyuser/status/1960461187729990123)  2025-08-26T21:55Z [----] followers, [----] engagements


"I'm hiring an Investment Associate in Dallas. In-person only. We come into the office and solve problems face-to-face every day. Youre our kind of associate if you: Have [--] years of real estate finance or consulting experience Can build a clean financial modeland explain it in plain English Like switching gears: development acquisitions portfolio fundraising Want a front-row seat working directly with the principals What youll do: Analyze deals across development acquisitions and rehab projects Support the portfoliodig into performance data and create value Help prep fundraising decks memos"  
[X Link](https://x.com/anyuser/status/1960449862677455201)  2025-08-26T21:10Z 77.2K followers, 108.5K engagements


"Poetry in motion VIDEO Inside the @flapanthers radio booth for Brad Marchands second goal- the eventual game-winner- in Game [--] of the #StanleyCupFinal: https://t.co/9eJrnFEASO VIDEO Inside the @flapanthers radio booth for Brad Marchands second goal- the eventual game-winner- in Game [--] of the #StanleyCupFinal: https://t.co/9eJrnFEASO"  
[X Link](https://x.com/anyuser/status/1934292849421385907)  2025-06-15T16:52Z [----] followers, [---] engagements


"VIDEO Inside the @flapanthers radio booth for Brad Marchands second goal- the eventual game-winner- in Game [--] of the #StanleyCupFinal:"  
[X Link](https://x.com/anyuser/status/1934284082042790326)  2025-06-15T16:17Z [----] followers, 32.4K engagements


"RT @DallasAptGP: 🚨 HB [--] is now TEXAS LAW 🚨 Texas just nuked the traveling HFC loopholeand it doesnt distinguish saints from sinners:"  
[X Link](https://x.com/anyuser/status/1928127485402657069)  2025-05-29T16:33Z [----] followers, [--] engagements


"🚨 HB [--] is now TEXAS LAW 🚨 Texas just nuked the traveling HFC loopholeand it doesnt distinguish saints from sinners: Bad-actor deals that got a tax abatement by doing a deal with a rural HFC in Dallas or Austin [---] % tax break ends 1-1-27 unless the locals sign mercy papers. Good-actor deals that were city-approved and on-mission Still on the hook for the new [--] % rent-savings math voucher acceptance web disclosures & annual TDHCA auditsor they write a PILOT check to fill the gap. Translation: every deal with an HFC ground lease (except maybe LIHTC) just got tossed into discovery. Lenders"  
[X Link](https://x.com/anyuser/status/1927885222902706223)  2025-05-29T00:30Z 77.2K followers, 45.6K engagements


"Today marks my 40th anniversary working full time in the multifamily industry. I have experienced several cycles over the years. Yet given that I started my career in the mid-80s I clearly understand what tough times in the real estate industry are like. Fortunately I have worked and continue to work with so many amazing individuals. Work is a pleasure. Giving back to the industry has been a huge benefit to my career. I served as the Houston Apartment Association president in [----] the Texas Apartment Association president in [----] the Texas Apartment Association Education Foundation president"  
[X Link](https://x.com/anyuser/status/1925013033866100906)  2025-05-21T02:17Z [----] followers, [----] engagements


"The clock is about to strike midnight on traveling HFC deals in Texas HB [--] cleared the Texas House on Friday; the Senate could pass it today to be effective immediately Existing travelers would need local jurisdiction sign-off by 12/31/26 or the [---] % tax break ends 1/1/27"  
[X Link](https://x.com/anyuser/status/1922523379766112519)  2025-05-14T05:24Z 77.2K followers, 27.5K engagements


"So happy to see this @Tesla developed on the west side of Houston. Tesla to Build [--] Million SF Factory West of Houston BROOKSHIRE Texas Tesla will build a [--] million SF Megafactory battery storage facility that is expected to employ over [----] people in Waller County west of Houston. The facility will manufacture Teslas Megapack battery storage units like Teslas factories in Lathrop Calif. and Shanghai China according to the Electrek online publication. The Waller County Commissioners Court and the Brookshire City Council approved tax abatements for the Tesla facility which will include $150"  
[X Link](https://x.com/anyuser/status/1899086210322063547)  2025-03-10T13:13Z [----] followers, [---] engagements

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