Jason Ricks

[austinreform @austinreforms]

263 missed deadlines. 5 accused murderers freed by an inept DA's office. While Austin voters were kept in the dark, José Garza let violent felons walk.

And it’s not an accident—it’s the result of an intentional system funded by dark-money special interest groups -- and the whims of a locally-grown organization.

Read on: https://t.co/eW5qtoJlIJ

[Naval @naval]

The people who start the wars don’t fight them, the people who spend the taxes don’t pay them, and the people who forgive the criminals don’t live next to them.

Of course we’re going to have too many wars, too much spending, and too much crime.

[ATX RE @atxREpodcast]

🚨Number of Plan Review Cases in Austin for Single Family permits dropping dramatically. According to CoA Data.

Nov 21- Feb 22 - 1,386 permits submitted for review

Nov 22-Feb 23 - 444

68% drop in permits.

SF Construction about to screech to a halt in ATX.

[Chris Powers @fortworthchris]

@KurtisHanni Revenue is vanity.

Profit is sanity.

Cash is reality.

[Jason Ricks @jasonricks85]

@realEstateTrent Legit thread. Learned most of these the hard way 😉

[Josh Schultz @joshuamschultz]

The dopamine hit from quick completion tasks like email or checklist items can prevent you from getting into deeper, more meaningful work.

It feels like its slowing you down.
You opt to push it to later.

but this results in a hamster wheel of low value work

[StripMallGuy @realEstateTrent]

How to buy your first strip mall, a thread:

[Jason Ricks @jasonricks85]

@TRE_ATX Love it!

[Jason Ricks @jasonricks85]

@TRE_ATX

[Jason Ricks @jasonricks85]

@realEstateTrent @unusual_whales @Bethazor1 @RE_Ari18 Not seeing or hearing this at all.

[Jason Ricks @jasonricks85]

@realEstateTrent

[Jason Ricks @jasonricks85]

@sweatystartup Had a similar situation. Was there a shot you saw that got to you? I saw 2 or 3 shots that broke my golf mind.

[Jason Ricks @jasonricks85]

@realEstateTrent Good to know. You are fast

[Jason Ricks @jasonricks85]

@drgurner @IsaacDovere 🎯 … ownership take is so spot on. Such a relatable statement that can applied to numerous examples in life.

[The Real Estate God @TheRealEstateG6]

Owning quality assets isn’t an option anymore. You either own them or you get left in the dust

People act like investing is just this thing you do with extra cash. It’s the opposite

Owning quality assets is priority one. You take the spare change after that for living expenses

[Jason Ricks @jasonricks85]

@TRE_ATX For the fund? Let’s Go!

[Josh Pollock @TexasDoughnut_]

if your cap rate expands from 3.5% to 4.5% you need ~30% NOI growth for the value to be slightly above purchase price, probably a useful lens for thinking about assets that are fine and ones that might struggle

[Ramp Capital @RampCapitalLLC]

People who try to do technical analysis but use too many indicators

[EB (Derogatory, Respectfully) @EllliotttB]

Another advantage that private real estate has over public real estate, especially on the fundraising and valuation side, is that public REITs are capital intensive with independently varying opex costs whereas in private real estate opex is just a function of rent growth