Diego Malache

[kyle o’hehir @financeguy725]

ARV = Ain't Real Value

[Diego Malache @PHATllama]

Amazing

[Diego Malache @PHATllama]

@RandallHouseRE @CaseyMericle Nice. What kind of lender?

[Brock 💣 @Golfingbrock]

Buy a 7 wood

[StripMallGuy @realEstateTrent]

People who love to overpay for real estate are finding so many deals right now

[Robbie Hendricks @robbiehendricks]

Talked to young real estate investor in Cincinnati yesterday.

Just closed his first deal:

Bought a duplex for $170k
$30,000 in reno
All-in at $200k
ARV at $325k
Each unit is 4 bed/2 bath
Each unit rents at $2100/mo

Just a great overall buy.

This is exactly how I'd start in real estate if I had to do it again. This is how anyone can learn the basics of managing residents, contractors, and a budget.

If you do this, like it, and want to take another step - go buy a 4-unit or an 8-unit.

Do it with your own capital. See what managing at a little bit larger scale looks like and feels like. Brick by brick. It may sound slow, but it's smooth. And smooth is fast.

This is how you learn the little things that give you an edge in deal-making, property management, and cash management - all without risking the house or other people‘s capital.

Trust me:

This is a much better way to start a real estate career than attending a "Multifamily Money Machine Mastermind" seminar and attemping to syndicate a 200-unit apartment community for your first deal.

[Robbie Hendricks @robbiehendricks]

LP: So, do you have any experience operating multifamily? What’s your competitive advantage?

New Sunbelt GP Circa 2021:

[Multifamily Madness @MultifamilyMad]

BTR community my kids plan to finish tomorrow.

Then I’m taking it to market at a 4 cap.

Message me if interested.

[Diego Malache @PHATllama]

😂😂😂😂😂😂😂

[Price Carter @priceacarter]

I freaking love sports man… only sports does this to people

[Brandon Beylo @marketplunger1]

This is crazy.

The Lululemon Leggings-to-Oil ratio just hit a new high.

You can now buy 2+ barrels of oil for every one pair of Lululemon high-rise leggings.

[Diego Malache @PHATllama]

@therealmcnair I’m a 16 😂😂😂

[Barrett Linburg @DallasAptGP]

At a steakhouse last night

Noticed a mom had propped an iPad in front of her 5-year old

Disgusting parenting

I marched over to lecture her about screen time ruining children

But then I noticed

The kid wasn't watching Bluey

He was reviewing census tract data for Opportunity Zone designation, cross-referencing poverty rates with median family income ratios, and building a 10-year hold model with stepped-up basis calculations

His crayons? Actually color-coded for different IRR scenarios

I asked what he was working on

"Syndicating my first 200-unit development in South Dallas. Already have $2M in soft commits from RIAs. The promote doesn't kick in until we send back all capital and the 15% pref but my waterfall shows 38% IRR to LPs"

I asked him to be our next summer intern and he threw his lemonade in my face.

[StripMallGuy @realEstateTrent]

Ranking of strip mall tenants, best to worst:

1) Dentists
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999) Dry Cleaners
1000) Karate

[Diego Malache @PHATllama]

@robbiehendricks 5 years fixed followed by 5 years I/O? 10 year term 30 year AM?

[Dr. Parik Patel, BA, CFA, ACCA Esq. @ParikPatelCFA]

Never forget that just 3 years ago people were justifying paying $20,000 for a jpeg of an ape

[Barrett Linburg @DallasAptGP]

My wife and I are proud LPs in Golf Ranch - basically the same thesis I use as a GP in apartments

Buy tired assets, transform the experience

They're turning dusty driving ranges into golf hangout for all skill levels with TopTracer, cold drinks, great vibes

[Diego Malache @PHATllama]

@twallyweb @ShelbyGrosch

[Diego Malache @PHATllama]

@alt_w_v_g What’s the release date for this movie?

[Multifamily Madness @MultifamilyMad]

Sunbelt multifamily developers that thought they could sell their finished project for a 3 cap after building for $300k+ a door