Strip Centers to the Moon

I'm a hands-on value-add commercial real estate investor focusing on retail & office properties in NJ/PA

[Strip Centers to the Moon @Cincy231]

@MrBeast 10,000,000

[Strip Centers to the Moon @Cincy231]

@realEstateTrent It's almost worth it to lock your bike on a tree, and get it stolen every few months.

[Strip Centers to the Moon @Cincy231]

@TheQuarterZip @bavedikian 10/10. Seriously. I've been buying deals since 2008. You can take less juicy deals but every deal should cashflow, and have a little bit of equity. There should be enough margin to cushion the interest rate spikes.

[Strip Centers to the Moon @Cincy231]

@jasonjosephlee They probably made a lot of money on fees though

[Strip Centers to the Moon @Cincy231]

@TheSaurus831 Crime isn't down. Persecuting crime is down

[Strip Centers to the Moon @Cincy231]

@robbiehendricks Things will get worse before they get better. I'm not saying this is the straw that breaks the camels back. No money for repairs. More foreclosures. His state funded insurance program isn't going to save anyone.

[Strip Centers to the Moon @Cincy231]

@ZarPropertyNY Beautiful building. Are you seeing Class B office occupancy rates rising in NYC in the past year or two?

[Strip Centers to the Moon @Cincy231]

@Bthechad I just underwrite a lot of properties. For every 100, I find 5 interesting and start negotiations and will uncover inefficiencies in a few of them.

[Strip Centers to the Moon @Cincy231]

My newest acquisition in Blue Bell PA. 56,000 sq ft class A office building. Tax assessed at 16M. Appraisal came in at 5M. Closed at 2.2M. Time to get those property taxes reduced!

[Strip Centers to the Moon @Cincy231]

@Bthechad I specially look for mismanagement and ways I can feasibly add value

[Strip Centers to the Moon @Cincy231]

@Bthechad I did the value add while I had it under contract. Renewed an existing tenant and signed a new tenant. Also cut down expenses. For example, their insurance was 160k a year, but that was a portfolio policy. My insurance is $22k. Their trash pickup was $23k/year, mine is $4.5k/year

[Strip Centers to the Moon @Cincy231]

@ThinkAppraiser If you think that's impressive, wait until you get into commercial. I honestly would say that's a typical value-add deal.

[Strip Centers to the Moon @Cincy231]

@compliantvc This is so dumb its gotta be rage bait. Whats next- force people to sell their houses because it appreciated too much?

[Strip Centers to the Moon @Cincy231]

@realEstateTrent As a principal without investors, I almost always 1031 so I have more dry powder to buy the next deal. What makes it less attractive to 1031 when its a fund?

[Strip Centers to the Moon @Cincy231]

@BelleSayHey @edu_trades @BillAckman Success and the wealth that comes with it is directly correlated

[Strip Centers to the Moon @Cincy231]

@BillAckman @BernieSanders @elonmusk @SpaceX ”when we have the highest rate of childhood poverty... " So if Elon didn't become a trillionaire, childhood poverty would suddenly get better? Get outta here Bernie

[Strip Centers to the Moon @Cincy231]

@trueinvestings Lol this is so fake. You trade bigger than the market makers

[Strip Centers to the Moon @Cincy231]

@ThrillaRilla369 Exactly. When I was middle class, I realized I didn't qualify for any healthcare or educational subsidies. The very next year I made sure I made less money so I could qualify for all those subsidies. The government isn't correctly incentivizing people with their policies

[Strip Centers to the Moon @Cincy231]

@rickycarruth Comparing $10 tip to $10,000 commission difference is kind of a bad comparison.

[Strip Centers to the Moon @Cincy231]

@joeytee_ You must have had some idea of potential users. Usually one doesn't buy retail and then hope to find a tenant unless it's a smoking good location and/or low basis