Braham Berg

🖌 📐📈🏗⛪️ Impact RE Developer + Design Strategist, Aspiring Rapper. Building the extra in the ordinary. Founder, oDADA / oDADA Ventures.

[Robbie Hendricks @robbiehendricks]

Young RE Guys:

It’s much easier to find great deals when they’re smaller. 1-24 units or so.

That market is inefficient and big capital doesn’t touch it. That’s your chance to break in. You have mispriced and poorly operated deals everywhere.

Once you succeed in those little ones, I know you naturally want to go bigger. You have a track record and can probably put together a bit of capital.

However, once you get into 100+ unit
deals in better areas, you’re competing in a more efficient market against investors with more capital, a lower cost of capital, and better systems.

Margins go down. Risk goes up. Staff needs go up. Debt goes up. Impact of macro environment is far more pronounced.

It’s important to think about whether or not “going big” is right for you. There are real tradeoffs, and you need multiple competitive advantages for it to be worth it.

For some, the best play is being that skilled operator in the smaller deal sizes, owning that little market, and piecing together a couple hundred units without investors.

Very often, those guys make just as much as the big boy investors/syndicators with less/no investors, much less debt, much less risk, and more flexibility.

[Braham Berg @BBB3rg]

Unreal! LGK

[Mike Bloomberg @MikeBloomberg]

Four months ago I endorsed @AndrewCuomo because I thought his management experience and government know-how made him the best choice for New Yorkers. I still do. And today, with early voting underway, I wanted to reiterate my support for Andrew Cuomo. Being Mayor of New York City is the second toughest job in America, and the next mayor will face immense challenges. Andrew Cuomo has the experience and toughness to stand up for New Yorkers and get things done. I hope you will join me in supporting him.

[Reza Chowdhury @RezaC1]

73% OF LIKELY VOTERS BELIEVE CUOMO HAS THE EXPERIENCE TO BE MAYOR OF NYC, HIGHER THAN ANY OTHER CANDIDATE

On the basis of polling, this subset must include Mamdani and Sliwa supporters.

Voting is a private matter and don't be afraid to vote for this experience so that your city improves while publicly maintaining you were a loyal Zohranista or Sliwa angel for cred in your social circles.

[Braham Berg @BBB3rg]

@NGrigg 515

[Braham Berg @BBB3rg]

@coleruudjohnson 20

[StripMallGuy @realEstateTrent]

When I started this account somebody started supporting me like crazy and sharing it with their huge audience.

I had no idea why he was doing it.

I had never spoken to him.

He was a stranger that was helping me just to help.

When he found out I’d be in LA, he invited me to his home.

He’s a family man with young kids, and he and his wife just finished building their dream house.

As flames approached his family’s home, he frantically tried to think of everything he could do as he saw it was about to be destroyed.

It was not a moment of clarity. It would not be for any one us.

That home that has now burned down 😔

He’s a man who would give you the shirt off his back.

Thinking of your family today, Keith Wasserman 🙏❤️

[Braham Berg @BBB3rg]

Huge news! Wash St, proud bro!

[Cheng-Chia Wu @DrWuRadOnc]

I’m so proud of Xander Berg for matching into Physics residency!! Xander has been our bioengineer/physics conduit for our drug delivery program. We would not have been able to run our ultrasound trials without him. I am so happy for his success and next stage of his career!

[Cheng-Chia Wu @DrWuRadOnc]

I’m so proud of Xander Berg for matching into Physics residency!! Xander has been our bioengineer/physics conduit for our drug delivery program. We would not have been able to run our ultrasound trials without him. I am so happy for his success and next stage of his career!

[Braham Berg @BBB3rg]

@RothCRE Interested - thanks Brandon!

[Moses Kagan @moseskagan]

Am writing w incredibly sad news:

Our friend @ArtemTepler is no longer w us.

Will post a link to GoFundMe below to help his partner & young daughter. Hope you will join me in giving what you can.

Pls like, RTs, etc. for distribution, so we can raise as much $ as possible.

[Coco Gauff @CocoGauff]

Concrete jungle where dreams are made of…… @usopen

[Compounding Quality @QCompounding]

6. Herd behavior

If you want to perform better than the market, you need to do things differently.

Focus on wonderful companies trading at fair prices.

[Shaaz Nasir @Shaaztastic]

Do you know an amazing young person in New York under 27?

The Global Shapers Community (an initiative of the World Economic Forum) is now accepting applications to join it's New York Hub — now in its thirteenth year as one of 500+ hubs in 150+ countries 🌎 They are a community of highly motivated individuals committed to building peaceful, lasting and inclusive change in the world, beginning with New York City.  

👇 Apply here by Aug 21: https://t.co/8OxXDRSYgQ Learn more about the hub here — Website: https://t.co/0gKLDCT0Kv Instagram: https://t.co/zTGIwMNSRy

[Sean Sweeney @seandsweeney]

Witnessed the American dream in action today.

Immigrant family with a successful line of hummus products opened a brick and mortar location and restaurant.

Packed all day. Line out the door.

The family and employees were working hard.

Serving customers and preparing food.

I caught a glimpse of the patriarch standing in the restaurant.

Smiling from ear to ear.

Hugging people as they walked by and thanking them for coming.

It stopped me in my tracks.

It made me think about what his journey must have been.

What his parents and their parents likely endured in their lives.

Likely similar to my mom’s family in Israel and Yemen before that.

But here they are now.

Working hard, serving others, and being financially rewarded.

We aren’t perfect as a country. Far from it.

But there aren’t many places in the world where what I saw today is possible.

Work hard, take risks, and if you meet the market, be rewarded.

Made me so grateful to have won the genetic lottery and have been born here.

Days like today remind me just how unbelievably lucky many of us are.

Don’t waste your privilege. Do something with it.

[Braham Berg @BBB3rg]

@JeremyGlantz How many units per building and/or purchase? Any particular geographic region?

[Braham Berg @BBB3rg]

@BobKnakal Retail is coming to life in NYC with some great concepts, and retrofits, haven’t seen/felt this much activity and tourism energy for years. It’s wild!

Don’t see office or land deals penciling out close at what asks and trades are … yet.

[Braham Berg @BBB3rg]

@aussieflya What’s gross SF, and net sellable SF for resi and commercial?

[Braham Berg @BBB3rg]

@Keith_Wasserman Wasserman Ways

Definitely would listen.