Anon

[Anon @CSL247]

@CaseyMericle I think I got it, the building is just the vehicle and you’re going to have an encumbrance anyway so may as well make it good?

[Anon @CSL247]

@CaseyMericle But then we replace this encumbrance with a new disguised encumbrance under a new “market” tenant?

[Anon @CSL247]

@TheSalonDon How are you playing this? Oil futures? Buying the market dip?

[Anon @CSL247]

@TheRealEstateG6 How do you find information regarding the current owner’s loan and about the current owner themselves? Is there a specific online resource? Just rely on county mortgage recordings etc.?

[Anon @CSL247]

@cre_cashflow Can we hear about your first acquisition? What that process looked like since it was while you still had a full time job?

[Anon @CSL247]

@CaseyMericle But how do you plan an exit if you are at a high basis? Just bake those in as future losses and make sure your hold cash flow justifies it?

[Anon @CSL247]

@CaseyMericle If you were working with a seller and had the option for seller financing at a cheap fixed rate and it could accrue, how would you choose between staying current on the debt versus spending the property cash flow on leasing costs and then just paying it back at exit?

[Anon @CSL247]

@ChrisRamsey60 How are you leveraging AI or expect AI to change the industry/your approach?

[Anon @CSL247]

@DevotedDividend What would you say to people that argue that this same total portfolio value instead allocated to growth through total market exposure or S&P500 would far surpass these dividends especially since you are young you should focus on growth instead of income?

[Anon @CSL247]

@TheRealEstateG6 If these back of the envelope metrics pencil, why do you build out a full model? Is it to narrow in on exactly what your returns will look like and better hone in your timing/scenarios or why do you think it’s still necessary?

[Anon @CSL247]

@Mr_Neutral_Man Why do you have so much conviction in REITs as opposed to private RE or other stock asset classes (tech, services, etc.)

[Anon @CSL247]

@Mr_Neutral_Man What metrics or qualities do you most closely track? What would lead to you moving forward with an investment?

[Anon @CSL247]

@Mr_Neutral_Man @EllliotttB Thoughts? @Mr_Neutral_Man

[Anon @CSL247]

@Mr_Neutral_Man But to @EllliotttB’s point, how do you reconcile that even if the REIT’s RE is undervalued, the public markets may never correct that and sponsors may choose never to take that REIT private (let alone that management teams would prefer to not be taken private in many situations?

[Anon @CSL247]

@TheRealEstateG6 How does this relate to the concept of return on cost? What happens if the return on cost is very accretive? Or does the return on cost just tell you if it’s worth setting the new high rents and you always just renovate a few and exit as soon as possible?

[Anon @CSL247]

@ChrisRamsey60 What do you say to people that suggest holding dry powder in high yield savings accounts instead to protect from the volatility and swings in the stock market where it could be down 20% just when you’re ready to make an acquisition?

[Anon @CSL247]

@CaseyMericle How do you go about this? How do you still win? Does unexpectedly high rent growth bail you out? Creative seller financing to limit initial equity? What do you think about this?

[Anon @CSL247]

@CaseyMericle How have you sourced these deals? How did you avoid full recourse?

[Anon @CSL247]

@das1m The defense was elite this year no doubt but we have had some great defenses even dating back to the Charlie Strong era that lacked a QB to capitalize. Without Quinn this team isn’t in this position and likely doesn’t play for an SEC championship imo