marketref

I’ve found home run deals with less phone calls than it took to get this mason to show up.

One week of calling my contractor 5x a day netted me exactly 0 calls back. I did a lookup of his house (that he rents) spoke with his landlord and got the contractor to respond to me within 10 minutes. What’s the lesson here?

Pretty pumped I was a staunch hardass about location when acquiring some small multifamily properties. I listed a unit 2 weeks ago. This is probably the slowest leasing season I've seen yet (10 years in). I've had exactly 1 showing in that time span. That showing converted into a high quality tenant at full market price.

They were not scared of me.

Ventured into the hood today and it did not disappoint.

What’s going on here? Is that real tile or just marker grout joints on the wall?

🗡️

Over a long enough time horizon, there’s a 1 out of 1 chance that I start a fire with a toaster oven. Glad I still have a house. 🤠

100x Long pre-2010 cars.

Out of state investor who “refuses to take a loss” flies in to turnover a rental property. Brother, you’ve already realized the loss.

An expensive lesson: My neighbors wife, who holds many masters degrees and thinks very highly of herself decided to forego consulting with an agent (I offered) to rent a small commercial space. Her biz is centered around classes, hoping to have a minimum of 20 occupants for the economics to pencil…but they didn’t bother to define their need against the state building code before they signed the 3 year lease. They just completed construction and got their C of O. Approved occupancy: 8 🤢

What’s this little guy called?

Just carved some new treads into my old crocs like a crazy person. Thought I was a pretty well balanced person until it came time to throw these away.

Just made this in my normal oven. YouTube has officially changed my life. Thanks to @gfc4 for the recommendation.

A sign that you have a good life: your biggest annoyance is a masonry contractor

Vacant < occupied

Certificate of Occupancy obtained! This was a 5,700SF office build-out inside an 80,000SF industrial building. ~5 months start to finish. Closed the acquisition late April with @StorageStache1 Vetted contractors and engineers in May. Drawings done and demo/work kicked off mid-July. Hammered it through August. Tenant moved in mid-August and ran operations out of the breakroom while we finished the office.

New policy for contractor deposits. I’ll deposit the 50% you’re requesting up front, however, you have to sign a contract that I completed my deposits $ worth of work on your personal house. If you skip out, I lien your house. If you perform, we dissolve the contract.

16+ years. Thank you for your service. 🙏

4yo: I can still feel the barf in my throat from a long time ago Me: how long ago? 4yo: 5 years ago Me: a year before you were born!? 4yo: yes, it’s been a really long time