alpha9.eth 🦦

never stop learning

[Shaan Puri @ShaanVP]

if you simply:

- dont bet on sports
- dont install instagram/tiktok on your phone
- dont eat fast food

you’re probably in the top 1% of the population

success isnt as much about being smart as it is about just not being stupid

[alpha9.eth 🦦 @Ahirji786]

@antonia_mdprjct As my PM likes to say - “vaguely specific and specifically vague”

[alpha9.eth 🦦 @Ahirji786]

@TIG_Ronin LMAO, Netflix thinking MCMAP the most badass training. Y’all should see what it’s really like.

[Hemant Mohapatra @MohapatraHemant]

In 2 pages @JeffBezos teaches you more about high standards than you'll learn from reading 2 books. The art of summarising that which resists summary is critical to achieving greatness. The world will forget you, except what you've written down, then what you've written down well

[Multifamily Madness @MultifamilyMad]

Deal Deep Dive.

CLOSED!🙅🏽‍♂️

Last week my partner and I sold a 24-unit apartment complex.

We purchased it in December of 2021 for $2.5M ($104k/unit)

Friday it went to a new owner for $3.35M ($140k/unit)

Below I will give a full breakdown.
(Full financials below)

[alpha9.eth 🦦 @Ahirji786]

@MultifamilyMad This is such a great breakdown. Wow!

[The Real Estate God @TheRealEstateG6]

Analyzing a real estate deal in 30 seconds:

Market rent * unit count * 12 months * 95% occupancy = revenue

Revenue * market NOI margin = NOI

NOI / (purchase price + renovation costs) = stabilized yield

If stabilized yield is 200 bps > market cap rate, it’s worth looking into

[alpha9.eth 🦦 @Ahirji786]

@isaacfrench_ You really don’t miss Isaac, seeing your projects is always a pleasure.
I hope to create beautiful spaces like this in my future.

[alpha9.eth 🦦 @Ahirji786]

@sulemanali Keep us posted on the entitlement!

[Logan Rankin @loganjrankin]

This is a good question I get a lot so sharing:

I’d start with buying a SFH or duplex, learn the business, and grow slow from there… take time to understand RE, how to create value, debt obligations, organization, and PM. This is all hard stuff but owning something small 100% allows you to “focus” more since it’s a lot to risk, especially early on.

Lots of investors these days want to rush to buy a big apartment or RE deal with partners or syndication…especially without the “experience needed”. It’s dangerous to you and worse it’s dangerous to your partners and LPs.

And you don’t need to.

This isn’t about how many doors you have…

It’s about how well the doors you have cashflow, it’s about the equity you own, it’s about creating financial freedom.
Or at least this is my preference.

This is exactly what I did over a decade ago. Took me 2.5 years to afford to buy one SFH. I had nothing left in savings. Took me another 12 months to buy a duplex…but a slow start, can enable scale later on if done the right way.

[Grant Cardone @GrantCardone]

Anyone under 30 years old should not even consider buying a home at this time.

Average home $436,000
The total annual outlay is $50,000 a year ($4200/mo) including:
• Interest
• Property taxes
• HOA
• PMI
• Maintenance

You can rent for under $2000 with no long term commitment, down payment & keep your mobility.

Buying a house is no longer the “American dream.”

[alpha9.eth 🦦 @Ahirji786]

@dig_deeper1 Who did you go with?

[Tesla Optimus @Tesla_Optimus]

Trying to be useful lately!

[alpha9.eth 🦦 @Ahirji786]

@steelman3300 @wademattingly Yeah, that would look really nice!
57 stone is relatively easy to come by?
I dread having to spread all of that rock around the property with a wheel barrel haha

[alpha9.eth 🦦 @Ahirji786]

@KevinEspiritu @george__mack Let’s see it champ, guaranteed ATLEAST 1+ follower

[alpha9.eth 🦦 @Ahirji786]

@wademattingly @steelman3300 It’s funny you say that.
I asked because I had mulch on the perimeter of my property, and just as you have mentioned, I have had significant termite and carpenter ant damage (they seemed to target my LVLs)

Wood. Keep it FAR away from the property!

[alpha9.eth 🦦 @Ahirji786]

@steelman3300 @wademattingly Is the concern with pests entering the property? What is a good alternative?

[alpha9.eth 🦦 @Ahirji786]

@molzer Being confident in your ability to operate is crucial. What are some key traits that make you confident?

[alpha9.eth 🦦 @Ahirji786]

@molzer @lien_hunter @scrappyminnow How did y’all meet?