Mid Market Maverick (MMM) Real Estate
@MMMavREFormer Engineer & Hotelier | Real Estate Value Creation & Domination of my Mid-Market area | Re-Positioning/Development/Re-Use/Public-Private Partnerships
A THREAD: Let's talk RE condemnations...aka takings. Have you even woken up in a cold sweat, going over that nightmare you got a letter in the mail saying the DOT needs your land for a new project? Fear not, for condemnations (takings) can be quite the blessing ! 1/x
Very few Americans realize that, if Trump is NOT elected, this will be the last election. Far from being a threat to democracy, he is the only way to save it! Let me explain: if even 1 in 20 illegals become citizens per year, something that the Democrats are expediting as fast…
Another note on this Data
American mortgage holders carry only 48% loan-to-value on their homes, down from 70% a decade ago. It's really hard to overstate how strong a financial position American homeowners have. housingwire.com/articles/the-f…
Started 529 for first two kiddos in 2012. Added third kid in 2015 (American Funds) Started with $2,500 per child and do $100 per month contribution per child. Total investment so far: $80,600 Total Value: $155,865 Compounding and auto-draft are a lethal combo!
Real Estate Tales from the Crypt (Volume 1) Today’s story is from my 2nd ground up hotel project. We were Hotel Franchisees developing a 4-story extended stay property (122 keys). Location: Denver Suburbs
1/x Old Coot Diaries: Volume 1 In your market, you need to get to know the “Old Coots” as @iononrecourse affectionately refers to them. Many of these guys likely have properties that you have driven by a million times and don’t stand out. Why do they not stand out?
It doesn’t matter how much value you think you create, all that matters is how much value the market believes you created. So, if the market has an appetite for something, and you feed it, you will be rewarded.
Reminder: If you are granted a DOT driveway permit and you don’t build it, your permit can expire. Do not let your permit expire, because it is not guaranteed that it will be granted again! Don’t learn this one the hard way
Oldie but goodie
If you are in development, or you are trying to make some money in the land subdivide / flip game, you need to understand utility infrastructure. Let’s talk about what that means: 1/x
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