Andrew Prat

Multifamily real estate. Zero partners.

[Andrew Prat @drawSMBequity]

@SmokeySnipe He’s a D1 offensive lineman

[Andrew Prat @drawSMBequity]

@TeslaZoneUSA @unusual_whales What happens when all of the billionaires move their businesses and jobs opportunities to other states in order to avoid this tax? Now their business tax revenue is gone and this new tax is ineffective

[Andrew Prat @drawSMBequity]

@thecruice Legal and very common even in large businesses

[Andrew Prat @drawSMBequity]

@KRL_defi_ At 2:03 in the video - $5M net worth and $5.5M of debt doesn not equal negative net worth. How does the show host not know this? You have $11.5M of assets and $5.5M of liabilities

[Andrew Prat @drawSMBequity]

@kejca The replies strike me as rationalization. Seems like when the economy just starts to dip and people are feeling it in their spending, they convince themselves that the simple life is actually not that bad

[Andrew Prat @drawSMBequity]

@VladTheInflator @unusual_whales I was just outbid on a house in California by $200k and I offered list price. Yeah these people are reaaalllyy struggling to sell

[Andrew Prat @drawSMBequity]

@ThinkAppraiser A couple of them might do it for themself but I would guess almost all of the 15 that want to scrape it are developers that will flip it

[Andrew Prat @drawSMBequity]

@TheSalonDon $60k rev or net?

[Andrew Prat @drawSMBequity]

@GenZMultifamily Throw it in T bills

[Andrew Prat @drawSMBequity]

@blueprintsmb22 When people say “$1M SDE at 5x” do they mean on TTM or on last years taxes?

[Andrew Prat @drawSMBequity]

@Matt_Titan_ EBIT is cash though

[Andrew Prat @drawSMBequity]

@BobbyBizScout What’s one that you WOULD buy again

[Andrew Prat @drawSMBequity]

@GenZMultifamily What’s gross rent on these?

[Andrew Prat @drawSMBequity]

@realEstateTrent In my poor college days I didn’t think I had options for that. I didn’t know a lender could come through for me. But hindsight 20/20.

I should have bought the great deals with high leverage.

Nevertheless the experience laid the groundwork for my future real estate investments

[Andrew Prat @drawSMBequity]

@realEstateTrent Essentially what you’re doing for your fund but I would turn around and mark up the price and sell it to a local investor or flipper

Basically an independent acquisitions analyst for-hire

Most people think of whole salers as scammy or bottom feeders

[Andrew Prat @drawSMBequity]

@realEstateTrent I guess just personal experience. Even in my first week as a wholesaler I was able to find the square footage on listing sites or tax records before making a call. That was 12 years ago with less info online.

[Andrew Prat @drawSMBequity]

@GenZMultifamily West side Costa Mesa 🤧

[Andrew Prat @drawSMBequity]

@TheSalonDon The doctor gets paid if they prescribe more. Dirty industry