foley (follard)

foley schmidt | mindful real estate partners | dartmouth | ex: @lazard @famousdaves @pennyscoffee @fbacap

[foley (follard) @follard]

Please allow me to reintroduce myself:

Recent followers, here's a little bit about me:

- Grew up in MN, live in Austin
- Played football @dartmouth
- Started my career in IB @Lazard
- 4 years as Chief of Staff @famousdaves
- Built a cafe chain with @deanbphillips
- Partner at FBA Capital, exited July '22
- CFO @profoundcommerce, exited Feb '24
- Wife is head of retail at a badass DTC brand
- Have a 20 month old son, Manny
- Co-founder of Mindful Real Estate Partners, which will become the Home Depot of financial products for small to medium sized developers. Scaling to 100+ single family and multi family builds in 2026.
- Loves: running, F1, and USC football

[foley (follard) @follard]

This is your annual reminder that rent control does not solve a housing shortage or affordability issues, it just changes who pays for it.

Housing becomes more affordable when there's enough housing.

When governments cap rents, investors don't suddenly become charitable, they build somewhere else.

[foley (follard) @follard]

@mmxgt500 I build all over the country, i can have an opinion on this, thanks.

[foley (follard) @follard]

Can someone please help me understand why many of the people screaming the loudest that housing is unaffordable are often the same people fighting every new housing project.

Are you a YIMBY or a NIMBY?

At some point, you have to choose one.

More housing or less housing, you can't have both!

[foley (follard) @follard]

@North_Range It's happening in MN and all over the country. Very few places in the country that are pro development and I am very lucky to live in one of those places!

[foley (follard) @follard]

@SpaceCoastCRE Omg. Straight to jail 🤣

[foley (follard) @follard]

@jamesonhaslam @Nads_Shariff @Fish_wid_a_V Is that @Clavicular0

[foley (follard) @follard]

@SpaceCoastCRE Bruh tell me a joke to make me feel better over here. I have a headache from banging my noggin against my desk.

[foley (follard) @follard]

@CaitlinCloud9 Do i need to worry about that in Travis heights?

[foley (follard) @follard]

I am currently moving from East Austin to South Austin with my wife and three year old. It's only a 4.6 mile move.

It's strictly down hill from here, my friend.

(Joking but also serious).

[Zach Molzer @molzer]

Maturing is spending $1,000 at target getting stuff for your new loft guest bedroom & being excited to put it all together

[foley (follard) @follard]

@CaseyMericle You're probably right. You might have just put me in the spin cycle, going to be questioning everything about my life for the rest of the day 😭😫

[foley (follard) @follard]

One of the great mysteries of development:

Why so many people think that developers control home prices.

When most developers spend half their lives solving for costs they can't control.

And how a city can have a housing shortage but also have a permitting process designed to make housing harder to build.

[foley (follard) @follard]

@laflareree @nbaunitracker I regret to inform you that Virgil is no longer with us.

[foley (follard) @follard]

@shawngorham Once you waddle from one bathroom to another with your pants at your ankles, you will never run low on toilet paper again.

[foley (follard) @follard]

@robbiehendricks @chasedownleads Brilliant stuff.

[foley (follard) @follard]

@JeffSchneiderRE lol this one was the exact same way. It's crazy.

[foley (follard) @follard]

It became illegal to smoke cigs on domestic flights under 6 hours in 1990.

You can't smoke cigs inside a restaurant in any major metro in the US (with the exception of Vegas casinos).

But this guy spent years of his life ripping cigs, enjoying his La-Z-Boy and ice cold beers.

[foley (follard) @follard]

Less than 30 days ago, a tenant was sitting in his bedroom in this home smoking cigs like a chimney.

Today, we are buying this 1,683 square foot, 2 bedroom, 2 bath, 2 garage home in North Austin for $465,000.

6 months from now, we will have spent $195k to completely turn this house into something beautiful and list it for $850,000.

Let's build! 🛠️

[foley (follard) @follard]

@aaron0505 Gonna live til he's 120 years old.

[foley (follard) @follard]

@JerimiahLee @shawngorham Come run with me in zone 4 all summer in Austin. Once the fall comes, you'll be back in a cooler climate running the same speeds in zone 2.

[foley (follard) @follard]

@buyahause I know, i know. No excuses but we are moving on Monday and the non-premium stuff can in smaller pack sizes.

I thought I was buying enough to hold us over the weekend but apparently I am bought myself a divorce lawyer instead.

[foley (follard) @follard]

It's time to come clean: I recently purchased non-premium paper towels and non-premium toilet paper and I want to apologize publicly to my wife.

It won't happen again. Bad mistake. I'm committed to being better in the future.