Edward Sapp

you have to accept responsibility for your dreams

[Edward Sapp @dwrdspp]

@PatCarino 😬

[Edward Sapp @dwrdspp]

Edward vs. Claude. Live May 6, 4-5pm ET. Free.

Multifamily development model, blank workbook to clean returns. We audited Claude's build against our gold standard line by line. Showing what we found.

Comment one thing you'd want me to test live

https://t.co/askpJxej7J

[Edward Sapp @dwrdspp]

@realEstateTrent it was a nice little surprise you saved for closing day

[Edward Sapp @dwrdspp]

@realEstateTrent It's a 2.46% cap because you doubled the price to the seller as an excuse to grind even harder

[Edward Sapp @dwrdspp]

Materiality.

It's a simple concept that most underwriters don't think about systematically—measuring how much something actually matters before you bring it to your client.

[Edward Sapp @dwrdspp]

$28K in itemized deductions → $6,400/year in tax savings.

That's what most rent vs. buy calculators miss. So I built my own. Walkthrough + free Excel download. Comment below & I'll DM you the link!

[Edward Sapp @dwrdspp]

Just revamped the heck out of my site. What do you think? https://t.co/wwuREWsEa5

[Edward Sapp @dwrdspp]

Going absolutely nuts with the editing these days

https://t.co/uczRAm3ffz

[Edward Sapp @dwrdspp]

Cooking something up. Will make it look good (like https://t.co/2qbP71hKt5) as a final step

No URL yet just whipped it up tonight

[Edward Sapp @dwrdspp]

How common is it to see 0% skin in the game from GPs with a 0% pref, but promotes thereafter? Is it more common in certain geographies or industries?

In other words, what's the propensity of fundless sponsors?

[Edward Sapp @dwrdspp]

@patcarino does torchy's count?

[Edward Sapp @dwrdspp]

@patcarino @DealNav maybe fix where the "N" is and outline the "D" in the pin logo so it's a bit more clear. Though not a super fan of how the D is rotated the wrong way. Maybe it works if you draw the little "v" under a properly rotated D or something idk lol

[Edward Sapp @dwrdspp]

@patcarino @DealNav

[Edward Sapp @dwrdspp]

At what revenue level do you justify a Green Street license or CoStar license?

[Edward Sapp @dwrdspp]

Boom! Finally launched the beta of my Tax Sale product.

https://t.co/AL8GKSz8QK

This one has been quietly on the backburner for almost 2 years at this point. Feels good to have the beta up. Will continue to refine, but hard part's over.

Time to learn how FB ads works lol

[Edward Sapp @dwrdspp]

@patcarino Very cardinal-cenrtric of you

[Edward Sapp @dwrdspp]

language learning hack: being illiterate is totally fine and speeds up the process if you focus on just listening and speaking

[Edward Sapp @dwrdspp]

@boulevardrive Fair. I think mostly an exercise in balancing headache / reputation + origination fees. But would agree a worthwhile workstream to maybe get something to replace it while the rest is negotiated

[Edward Sapp @dwrdspp]

What would you do right now with w 10.99% FXD no prepay penalty loan on a property you plan to teardown and rebuild? Refi now or wait for the construction recap + new equity?

[Edward Sapp @dwrdspp]

Woke up on Valentine's day to my (large corporate) client accidentally re-sending me a sizeable payment again as an ACH on their new payables system

Let them know immediately!

I didn't know this stuff actually happened in real life lol