Marc Gilbert

Managing Partner of Twin Oaks. Buyer of mispriced/mismanaged #CRE. Income up, expenses down, refinance. Not selling any courses. DMs Open

[Marc Gilbert @MarcSGilbert]

Got approvals on a 12 unit building. Demoing a 3 family to build it on that site. This thread will be the progress thread. Will try to keep it going in real time.

[Marc Gilbert @MarcSGilbert]

@GoodGuyGuaranty @umpteenthacnt Great read

[Marc Gilbert @MarcSGilbert]

@MarketReferee Request a copy of ID for your records.

[Marc Gilbert @MarcSGilbert]

@artscroll Kohanim

[Marc Gilbert @MarcSGilbert]

@CaseyMericle

[Marc Gilbert @MarcSGilbert]

@realEstateTrent An explanation in my own words: “You’ll make new friends here in New Jersey. Isn’t the backyard nice?”

[Marc Gilbert @MarcSGilbert]

@realEstateTrent @Keith_Wasserman @fortworthchris @moseskagan @TyronMcDaniel @PinkPoloShorts That time where Jake started messing with everyone really turned me off to posting.

[Marc Gilbert @MarcSGilbert]

@DMAC_19 There's no retrofit code as far as I know. Never had an insurer bring this up.

[Marc Gilbert @MarcSGilbert]

@RampCapitalLLC Title insurance

[Marc Gilbert @MarcSGilbert]

@khzny Guy walked backwards into an assemblage. Probably created a valuable asset having those two lots. I'm sure he'll cash the check and sell out on his values when the time comes to liquidate.

[Marc Gilbert @MarcSGilbert]

@moseskagan @DarkfireCapital I never really left

[Marc Gilbert @MarcSGilbert]

@SinaiLawFirm @DarkfireCapital I’m already blessed. The jump from three to five with the twins was steep though.

[Marc Gilbert @MarcSGilbert]

@BillAckman “I know it when I see it.”
-Justice Potter Stewart, SCOTUS

[Marc Gilbert @MarcSGilbert]

@CaseyMericle @UnsuspendMarc @dirtdog Sorry. I literally posted for my burner alt that it was my primary. This is my primary. 🙄

[Marc Gilbert @MarcSGilbert]

When Keith asked for help in a time of true need, he was steamrolled with vindictive hate. I am beyond disheartened by the callous and cruel invective directed at him.

[Marc Gilbert @MarcSGilbert]

@LA_Multi_Fam @MrNMath @jaybowman If that’s unclear, then the law is unconstitutionally vague and thus unenforceable. Overturn it!

[Marc Gilbert @MarcSGilbert]

@BentHenny Dead

[Marc Gilbert @MarcSGilbert]

Here’s a new one for me. Someone takes issue with one of their neighbors and decided to send the message in a unique way. I probably can’t even evict for this in NJ.

[Marc Gilbert @MarcSGilbert]

@CT_Friedman @AdamB1438 But it doesn’t seem like the bitcoin is collateral since they mandate a four year hold even if the loan is completely repaid. I’d like to know their motive in that.

[Marc Gilbert @MarcSGilbert]

@KTG_CRE One of these days I'll dig out the footage and upload it.

[Marc Gilbert @MarcSGilbert]

Just over a year ago, we were demolishing a building to make way for our new development. I swept the building with a manager and went to get coffee for our operator as he unloaded the equipment. I put my drone in the air becuase demo footage is awesome, and they got to work. About four minutes in, I hear some shouts and waved off the operator. When I went for coffee, a homeless person entered the building and went to sleep on the floor, with his shoes next to him. He ended up walking out of the building barefoot but unharmed as the excavator took his shoes in its last grab. My heart still races when I recall that day.

[kristin geenty, sior @KTG_CRE]

I was telling stories to my twitter turned IRL friend the hilarious @financeguy725 yesterday. We agreed, mishaps make the world go round. Gruesome stories of extreme stupidity are SO entertaining.

Golden hour amusement.

First cold day of the year, heating faltered for 3 tenants. But, we'll just talk about Tenant #1. Tenant number 1 has about 25Ksf suburban office. Office has funny smell. HVAC contractor called.

30MPH winds. HVAC man is NOT going on the roof (because his ladder will blow over). Never fear, Tenant has an idea!

15 minutes later the fire department arrives. They are hooking up to hydrant when Tenant says, maybe you can just use your bucket to get HVAC dude onto the roof.

And they did!

A belt slipped, melted, snapped. It smells when this happens. Employees are not to return to the office until unit is repaired.

Have we talked about the supply chain? No? Just in time delivery isn't quite what it used to be. Fingers crossed for a 5 day expedited delivery.

(And yes, the spectators who heard the fire call on their scanners were utterly disappointed. No visible flames.)

@CarolWalshReal1 I hope this cheers your day. @StudentRentPro - not a frat bro cutting down a tree for parking but not bad. @MarcSGilbert - it's not that time that the power company ran their power line through your second floor but it's entertaining!

Office/retail/industrial landlords love to talk about how little management they have. They might be exagerrating. 😉