Austin Mudd

CRE broker today, prev. REPE, lending | real estate, investing, tech, personal growth | here for life's shenanigans | occasional memes -- free CRE resources 👇

[Austin Mudd @muddsicle]

Launching a free (commercial) real estate list of resources to the community here! 🙌

I've curated many of the best websites, podcasts, news sites, blogs, Twitter profiles, books, and more into a handy dashboard to reference

Read more below!

👇
https://t.co/NtXMDvW5Xl

[Austin Mudd @muddsicle]

@thsottiaux 🙏

[Austin Mudd @muddsicle]

@buyahause @shawngorham https://t.co/OE49g564F4

[Austin Mudd @muddsicle]

@irl_danB any way to hook it up with pi as the harness or something, so we can use other models/subscriptions other than an openrouter key or openai agents?

[Austin Mudd @muddsicle]

@doodlestein Imagine what’s gonna happen when we get outages when AI is literally running “everything”. Oh boy

[Austin Mudd @muddsicle]

Five seconds left up by 6, the level of DISRESPECT 🖕to OKC was so warranted 😂

Was at a bar in Los Angeles with like 100 people and everyone was going nuts celebrating this moment.

Maybe we’ve found our national American identity again… we are all proud OKC haters

[SLAM @SLAMonline]

Always rises to the moment. Shoutout Devin Vassell.

(📸: @Tunde_Tifase)

[Austin Mudd @muddsicle]

@thsottiaux The pain to see this when your limit already reset 10 hours before

[Austin Mudd @muddsicle]

@Storage_Venture Why so? There’s definitely a lot of different types of buyers that value the same property differently

1) non profit buyer
2) 1031
3) buying for depreciation
4) too rich idaf
5) idiot buyer aka Brandon Turner, Sun Belt syndicator peak 2021 mania
6) developer w unique plan

[Austin Mudd @muddsicle]

@tszzl Maybe no ones done it since OpenAI/Claude is going to immediately rip it once it gets market validation lol

[Austin Mudd @muddsicle]

@EconguyRosie What is it as a percentage of inventory? We have a lot more units than 20 years ago

[Austin Mudd @muddsicle]

@NateAFischer @SinaiLawFirm @Jacob_Naviaux The gap between buyer and seller pricing is very wide right now. In today’s environment, the type of people worth giving a free option to usually aren’t at the price seller wants. That’s my point. So you’re seeing this a lot more in the market, esp. as pricing cont. grinds lower

[Austin Mudd @muddsicle]

@NateAFischer @SinaiLawFirm @Jacob_Naviaux What about macro changes? What about finding a better deal elsewhere? Changing of vibes? Theres an infinite number of reasons to retrade and . If you don’t want the possibility of a retrade then seller should lower their price to get better terms and qualified buyers w less jank

[Austin Mudd @muddsicle]

@seandsweeney I remember hearing institutional principals all the time do the “we pride ourselves on never having to retrade a deal” right up until 2021/2022 and now, crickets.

[Austin Mudd @muddsicle]

The pearl clutching is hilarious. Most deals in Southern California gets retraded like crazy

Sellers in competitive markets with lots of money have delusions of grandeur.

There’s always a half dozen reasonable buyers who will close with ease

But nope, people want their price

[Jacob Naviaux @Jacob_Naviaux]

Fixer upper gets listed for $250k.

I offer $180k with 3% commission — I’m a licensed agent and my company is the buyer.

Plan is to wholesale it for $190k. Needs $75k in work and will be worth $320k after repairs.

Listing agent says too low.

4 weeks later our CRM notifies me the list price dropped to $225k. I follow up. Agent still says $180k is too low.

Another month goes by. CRM notifies me again — price drops to $210k. I follow up. Agent says they think it’ll work.

I draft the offer, send it over, and it gets accepted.

We price the deal at $190k and sell it — signed contract and EMD in hand.

While we’re still in DD, I tell the agent my buyer needs a $20k price reduction to move forward, but they’re ready to wire EM and waive the rest of DD.

Seller meets us halfway. Price drops to $170k.

We make $25k.

That’s the exact play we run wholesaling MLS properties.

[mottsmith @mottsmith]

Measure ULA's defenders are citing Q1 permitting data as "proof" multifamily development is "back."

But remember: a building permit is not a housing unit. It's an option to start construction.

And the data they're celebrating is actually evidence of distress. Let me explain.

[Austin Mudd @muddsicle]

@pashmerepat yeah i'm testing this how this workflow feels

the ONE time NVDA doesn't explode after-hours after reporting earning haha

[Austin Mudd @muddsicle]

@KaleckiWasRight @GaTechAlum_IE92 @JasonSorens Not trying to be a jerk just trying to show how these things are fundamentally connected. Not to mention - all the other challenges in housing (there are many)

Fight on as well @GaTechAlum_IE92 !

[Austin Mudd @muddsicle]

@KaleckiWasRight @GaTechAlum_IE92 @JasonSorens This is another example of how the general public doesn’t understand fundamentally how housing gets built

Land sales are a leading indicator that comes before units entitled, then building permits pulled, then financing secured, ground breaking, and then completion of units

[Austin Mudd @muddsicle]

@GaTechAlum_IE92 @JasonSorens Respectfully as someone that brokers development deals, you are completely wrong