Ignatius Elliott

[Ignatius Elliott @IgnatiusAsulil]

@RohunJauhar You can think Facebook is a phenomenal company and Zuck the same and still feel they are bad for America. “The test of a first rate intelligence . . . “

[Ignatius Elliott @IgnatiusAsulil]

@ajobst @EllliotttB @PubliHousePma Is that sustainable? No. Job growth, population migration and lack of supply have been the drivers. Housing costs are through the roof, it’s a nice smallish town.

[Ignatius Elliott @IgnatiusAsulil]

@ajobst @EllliotttB I am in chatanoga having lunch at @PubliHousePma - highly recommended (smoke trout dip was excellent) anyway - have toured 6 deals between yesterday and today. We own one deal here. Rent growth in renewal are pacing 7% to 12% and trade out percentages on new leases are over 20%

[Ignatius Elliott @IgnatiusAsulil]

@EllliotttB What I don’t get honestly is we are competing against groups putting all new bridge debt at a higher cost. For instance We lost a deal recently we offered to assume , the group that won paid $5m more on 200 units that was about $300k better net to the seller.

[Ignatius Elliott @IgnatiusAsulil]

@theragex Talk about capital destruction.

[RAGE X Intelligence @Rageintel_]

🇨🇳BOOM! 15 Chinese skyscrapers blown up
Spectacular footage shows 15 unfinished skyscrapers being blown up in Kunming, China. Construction started in 2011, but the building company ran out of money in 2013 and stopped. The company managed to hand over only 4 buildings

[Ignatius Elliott @IgnatiusAsulil]

@e_fiedler It’s not just pilots - it’s pretty much every single person you pass by on a daily basis. Pretty much 99.999999% of the entire human race do not want to hurt you. The social contract is pretty fucking amazing.

[EB (Derogatory, Respectfully) @EllliotttB]

Inflation is the babadook

[Ignatius Elliott @IgnatiusAsulil]

WTF Vegas. Elysian at the Palms just traded to Walton at $409k per unit. Which is a all time record which may stand for only a couple weeks.

[Ignatius Elliott @IgnatiusAsulil]

@roblabonne We have had something like this in most agreement - has never ever been triggered.

[Ignatius Elliott @IgnatiusAsulil]

@roblabonne There is all kinds of ways to handle this. 1.) all major decisions have to be agreed to 2.) if not then there has to be a buy sell agreement. Which can take many forms. My favorite is the shotgun option. If shotgun option triggered by non-ageeement

[Ignatius Elliott @IgnatiusAsulil]

@roblabonne Then a designated partner gets to make an offer to buy out the other partner. But here’s the trick : the price he offers he can also be bought at. The other partner gets to either accept the offer, or buy out the offering partner at the offering price.

[Ignatius Elliott @IgnatiusAsulil]

@judgebushwood Never underestimate the ratio of divorced men to single females ratio.

[Ignatius Elliott @IgnatiusAsulil]

@Jb2Investments Another reason is just to get better at it. Every deal should teach you something.

[Ignatius Elliott @IgnatiusAsulil]

@EllliotttB @hankmoodyish Every deal we are underwriting is 10% to 13% IRR in 5 - but you won’t put out money on a deal like that.

[Ignatius Elliott @IgnatiusAsulil]

Democrats’ Carried-Interest Plan Seen as Harsher Than It First Appeared https://t.co/QPyWufKLeQ

[Ignatius Elliott @IgnatiusAsulil]

@markasaurus You looked at them in what capacity? As a investor? As a GC? Reviewing physical conditions?

[Ignatius Elliott @IgnatiusAsulil]

@markasaurus What was the average cap rate on a t-3? Or t-12?

[Ignatius Elliott @IgnatiusAsulil]

@realest49919420 I don’t like to comment on politics on twitter - because well - who really gives a fuck. But you Sir are the MF problem. Your tweet is the MF problem. Wokestan and patriot land? Go fuck yourself. I can be for civil right, and still be a patriot. And I served this MF country!