If you’re still asking “What’s the IRR?”… you’re asking the wrong question.
If you’re still asking “What’s the IRR?”… you’re asking the wrong question. If you’re still asking “What’s the IRR?”… you’re asking the wrong question In this market, the real question is: “How well are expenses being managed?” Because here’s what’s actually happening:On many T12s,55–70% of income is going to expenses. Not an outlier.A pattern. Costs […]
One part of our portfolio with a net worth of $1M produces $0 income.
One part of our portfolio with a net worth of $1M produces $0 income. One part of our portfolio with a net worth of $1M produces $0 income. This was when we invested in assets based only on appreciation.I see this all the time with high-income professionals.Their portfolio usually looks like this: • 90% retirement […]
The Growing Gap Between Buyer Discipline and Seller Expectations
The Growing Gap Between Buyer Discipline and Seller Expectations The Growing Gap Between Buyer Discipline and Seller Expectations I had a conversation with a broker last week, that perfectly sums up today’s real estate market. I submitted an offer on a 190-unit self-storage asset in a suburb of Charlotte. Solid deal on paper—but only at […]
5 numbers I check before offering on any real estate deal.
5 numbers I check before offering on any real estate deal. 5 numbers I check before offering on any real estate deal. I’ve reviewed hundreds of real estate deals over the past years.Most fail for the same handful of reasons. The fundamentals that determine whether the deal will even survive.Here’s the framework I use. 1. […]
Proximity to a big city doesn’t automatically make a property a good investment.
Proximity to a big city doesn’t automatically make a property a good investment. Proximity to a big city doesn’t automatically make a property a good investment. Last week, I toured a 90-unit multifamily that looked fantastic on paper. Strong projections, great story, and marketed as Class B. After submitting an offer, the seller came back […]
Housing is a Basic Need Not a Luxury
Housing is a Basic Need Not a Luxury Housing is a Basic Need Not a Luxury I’ve sat across the table from smart people who lost everything chasing deals that “made sense on paper.” The ones who preserved — and grew — wealth through every downturn I’ve witnessed? They kept coming back to one thing. […]