RE Investor Rep

I help LPs analyze real estate deals | RE underwriting and due diligence | Help investors avoid unnecessary risks

[RE Investor Rep @michael_t02110]

Welcome new followers!

About me:
I help LPs analyze real estate deals and get a second set of eyes on GP assumptions.

My goal is to identify aggressive assumptions and excessive risk.

I have worked with developers for over a decade and GP underwriting varies greatly!

[RE Investor Rep @michael_t02110]

@molzer Need to play nice in the sandbox with the brokerage you are buying from sometimes to make your bid look the best.

Even more incentive for them to pick your bid if their capital markets and debt team are both getting a fee.

[RE Investor Rep @michael_t02110]

It’s incredible how much due diligence screwtany increases when captial markets tighten.

[RE Investor Rep @michael_t02110]

@cody_baird Will be tough to create because of confidentiality but would be incredibly helpful for LPs.

The bar GPs set is pretty low while times were good. Has made this feel normal to LPs who don’t know otherwise.

[RE Investor Rep @michael_t02110]

@EllliotttB I’m sure it will blend right in

[RE Investor Rep @michael_t02110]

@TheATX1 Lol

[RE Investor Rep @michael_t02110]

@EllliotttB Unreal

Stay safe out there.

[RE Investor Rep @michael_t02110]

@for_yield Yikes, tough look.

Anyone looking for LP representation, feel free to reach out. That’s scary.

[RE Investor Rep @michael_t02110]

@mhprvpmvp More common then most people think, especially in a slow market.

Disappointing

[RE Investor Rep @michael_t02110]

Be careful out there.

https://t.co/TUye8oFmKk

[RE Investor Rep @michael_t02110]

@JustinPugh @CuseFootball @FranBrownUGA Taking the next step

[RE Investor Rep @michael_t02110]

@DeveloperQuirks First time I’m hearing about it. Thanks for retweeting, I probably won’t use them for a deal we just got under contract now!

[RE Investor Rep @michael_t02110]

@seandsweeney Yes because you can just rent it out for 15 NNN instead

[RE Investor Rep @michael_t02110]

Has anyone heard an original take in the past 6 months?

Content (especially finance and real estate related) all seems repetitive and unoriginal.

[RE Investor Rep @michael_t02110]

@realkellye In Mass you can’t discriminate against section 8 so I would imagine the inverse is also true.

[RE Investor Rep @michael_t02110]

@MultifamilyMad Unaligned incentives

[RE Investor Rep @michael_t02110]

Irrelevant to your point but I though this was funny:

“Many of them boomers who refinanced when rates were low”

A) what does that have to do with owning free and clear?
B) if they own it free and clear now, then they didn’t take advantage of the lowest rates of all time in 2020-2022…

[RE Investor Rep @michael_t02110]

@TripleNetInvest Imagine being the mayor of these cities and seeing fire sales at a quarter of appraised values…

[RE Investor Rep @michael_t02110]

Patience is the hardest part

[RE Investor Rep @michael_t02110]

@seandsweeney @SBurkholder7 Seconded, it’s incredible how little LPs look into deals.

[RE Investor Rep @michael_t02110]

@OmarMora1es Theoretical highest and best use value according to who?