💧IRR

26 y/o co-invest partner in strategic land acquisitions and entitlements | previously ran models for a debt brokerage ($2.2bn) & REPE firm ($420mm)

[💧IRR @drippedIRR]

@torysheffer Thrill of the hunt. Congrats big dog.

[💧IRR @drippedIRR]

@1031_forever 😂

[💧IRR @drippedIRR]

@accruedpreff Large single family communities

[💧IRR @drippedIRR]

@landandlearning City is widening a highway but won’t be complete until 2027

[💧IRR @drippedIRR]

@PromoteJunkie @jfbrly Will likely be doing the horizontal work on this one if we continue. VP of land here making builder calls this week. Deal is a bit out there.

[💧IRR @drippedIRR]

@RE_Observer_1 Some will be duds, others we’ll make our money back, a few home runs. Once capital is committed it’s committed. Everyone shares risk. 36 months. Very prelim bullets on the deck as of now.

[💧IRR @drippedIRR]

@realestatejayz @PromoteJunkie None

[💧IRR @drippedIRR]

@PromoteJunkie Essentially VC investing. We’re toying with the idea of just going pari passu instead of a promote given the risk. Should be getting feedback next week.

[💧IRR @drippedIRR]

@GaucherAndrew We’re having conversations with some local and national builders to see if they have an appetite for the play

[💧IRR @drippedIRR]

@FARlikewhoa Will likely be dropping this one

[💧IRR @drippedIRR]

@RE_Observer_1 Capital will be called deal by deal - encapsulated as “fund” to a few investors to get them warm.

[💧IRR @drippedIRR]

@twallyweb First $5-15k yes. The remainder subject to approvals. Sometimes the initial point also goes hard.

[💧IRR @drippedIRR]

@CaseyMericle Might be a wash with what he’ll pay the broker

[💧IRR @drippedIRR]

@Snowball_Dev Don’t see why he would even loop him in. Listing went stale 16 years ago. Maintain relationship I presume?

[💧IRR @drippedIRR]

@NNNIncome Did you watch the full vid? He lands some serious shots.

[💧IRR @drippedIRR]

@gas_biz Na you’re itching for that ev;)

[💧IRR @drippedIRR]

@douglascashflow We use mapwise then have a VA skip trace the owner contact info