ReTwitWRLD

I find all the best ReTwit content so you don't have to.

Multi-family long-term & STR investor / housing provider / LP

[Casey Mericle @CaseyMericle]

Dear RETwit,

Many of you are gone, but not forgotten

The number of people, enthusiasm & ideas combined with an algo that encouraged knowledge sharing was poetry in motion

I miss those days

The haters, thieves & bad actors…not so much

Haven’t heard of many newbies tryin’ to get into RE lately

It was funny having them tell me my offers wouldn’t work & that syndicating would just be easier

They wouldn’t structure the deal for protection

Sigh

They’d DM & call for advice then say “I’d never do that!”

I miss ‘em

A handful of them were truly brilliant

But when liquidity dries up, you’ve got only one asset class & one way to buy that’s how the real estate world cleanses itself

The assets go back to their rightful owners

Their equity was leased not purchased

And for some it’s gone

The old heads that couldn’t hardly make a deal when the market ripped

Those are the people that are still here

The grinders

The ones that previously got punched in the face & were tough enough to endure & eventually flourish once the cycle let them

That’s who you should be getting advice from

The good brokers are still here too, they know how to work hard & hedge risk

Real estate has seasons

It feels like Fall rn, but who am I to say

The tide has washed away those that were skinny dippin’

It was a good run for those with impeccable timing

Hope ya made a lick

But don’t confuse a win with a winning season

I miss the buzz, the fresh faces, the magnetism of a handful of people who made RETwit “an experience”

There’s still plenty of fun to be had

Spring is only a season or two away

Get your house in order

It’s about time to buy

[Kevin Dalton @TheKevinDalton]

Exactly seven years two months and 26 days since Gavin Newsom became governor of California. California is:

#1 in homelessness
#1 in poverty
#1 in Retail crime
#1 in gas prices
#1 in illiteracy
#1 in wage stagnation
#1 in frivolous lawsuits
#1 in unemployment
#2 in housing costs
#2 in water bills
#1 in restrictions on workers
#1 in Anti-business regulations
#3 in energy/electricity costs
#3 in inequality
#1 in income tax
#1 in gas tax
#1 in budget deficit
#2 in educational inequity
#1 in COVID school shutdowns
#1 in COVID business shutdowns
#1 in COVID mandates
#1 in illegal border crossings
#1 in funding for illegal immigrants
#1 in People leaving state

[ReTwitWRLD @retwitwrld]

@KrissBergTweets Just went through this for the first time with our toddler last week. what a stressful week of cleanups out of both ends 😂Parenting is still worth it and you can still travel, maybe a little slower paced.

[BarryRoland19 @BarryRoland19]

We don’t discuss the demise of the farmers market enough.

What was once a place for serious connoisseurs of produce, a place where home cooks could brush shoulders with local chefs and talk to the vendors about new varieties of pluots has become a hollowed out shell of itself.

Today it’s nothing more than a performative ritual; a theme park filled with a sea of strollers being lifelessly piloted by dads wearing performance fleece, clutching on to their iced oat milk lattes.

“Is this organic?”, they ask, before paying $4 for a single bunch of celery — the quality of which is no greater than that sold by your local Smart & Final.

Sad.

[ReTwitWRLD @retwitwrld]

@YourCFOGuy send

[Two Guys Take on Real Estate @2GuysTake]

Tax liens can be a great way to buy Real Estate for cheap.

Here are some things to know

Get your pens out, or just save this thread 🤪

[Barrett Linburg @DallasAptGP]

People will tell you not to invest in real estate in high-crime and blighted neighborhoods

We did just that

We turned one of Dallas's most dangerous areas into a prime investment opportunity

Here's how:

The Challenge

Our target: a small pocket in North Oak Cliff, Dallas - one of the city's highest crime areas. Within a month of our first purchase, we witnessed a drug-related murder.

Even the gang unit warned us away. But we had a plan.

Our Strategy

1️⃣ Critical Mass: We knew one property wouldn't cut it. We started by acquiring 8 blighted apartment buildings from a single absentee seller, all at about 30% occupancy.

2️⃣ Selective Location: We focused on a strategic 3x5 block area, bounded by parks, the Trinity river, a highway, and schools. We couldn't fix all of Dallas, but we could transform this pocket.

3️⃣ Leveraging External Catalysts:
▪ Nearby Bishop Arts District development
▪ $1B+ in public infrastructure improvements
▪ $50M+ allocated for nearby schools
▪ 2018 Opportunity Zone designation

The Execution

▪Intensive management and renovation of acquired properties
▪Expansion of holdings, leveraging outdated perceptions
▪Focus on making the area clean and safe - the bar was low, but the impact was high

The Results

Today, Bishop Ridge is a 23-project urban renewal effort under the Opportunity Zone tax structure:
▪16 renovations (424 units)
▪7 new builds (500+ units)

Current progress:

▪14 renovated buildings (384 units) completed
▪1 new building (47 units) finished
▪4 more buildings (250 units) delivering soon

We're not just developing property. We're cultivating a neighborhood.

The Takeaway

Success in real estate investment sometimes means seeing potential where others see risk. By starting with critical mass and being selective about location, we transformed a dangerous area into a thriving community and prime investment.

[The Disposition Guys @DispositionGuy]

Any northeast regional developers on here?

I have a few smaller properties less than 10 acres that would likely be 100 units or less to be developed.

Please reach out.

[ReTwitWRLD @retwitwrld]

@ErnieBrownII are you a booster? and how much to keep Ryan Williams forever??

[ReTwitWRLD @retwitwrld]

@LandlordRev @SelfMadeMastery

[ReTwitWRLD @retwitwrld]

@CarolWalshReal1

[Spec of Dirt @_specofdirt]

The 107 acre site was undesirable based on the wetlands, topography, and granite ledge.

After a second survey, thorough geotech, and long discussions with the town. The project carved out 22 acres for 77 townhouses. Keeping the majority of the land undisturbed.

The site foreman running the show is 26 years old who always wears a smile. Our third development in 5 years working together, bringing continuity to a challenging project.

[Chris Hatch @Dirtdog]

The internet is going to break today with this.

FOMO is next level RN

[🐝 Carol Walsh ^Monterey Bay^ @CarolWalshReal1]

I tried to tell y'all do not bank on rates continuing to go lower.

J Powell is in no hurry with CPI still too toasty for his liking.

You will never hear me say stupid s*** like date the rate, or OMG rate cuts are coming.

I'm not one of those realtors, I actually read stuff.

[ReTwitWRLD @retwitwrld]

This is what it's all about 👇

[FourPlex Guy Carlos Gonzalez @dig_deeper1]

I left my 9-5pm job of almost 10 years in Feb 2023 because any zombie could have done that job and my mind was becoming one. I was bored of doing that monkey job per se.

8 years ago I started buying fourplexes in AZ because I wanted to quit corporate America and wanted to replace my income with rent income. I was working for something meaningful and I was enjoying the process.

As soon as I purchased my first Fourplex there was a shift that changed me and I wanted to do this full time. I saw the potential of rental income and a few years later I saw the potential of appreciation and what could you do with that.

Fast forward to March 2023 a month after leaving my 9-5 I had replaced twice my corporate America income with rental income, it felt awesome, it felt like I had ran a marathon for almost 10 years and finished it, it felt great, and it felt like I could do more things that I wanted to do. It all started because I had written a goal that I wanted to buy a Fourplex every year…

I no longer work 40 hours per week but only work less than 1 hour to do property management admin for all my 26 rental units.

I no longer wake up at 4am, I don’t have to. Sometime I wake up at 7am and it feels fucking great.

I enjoy my newborn 4month old baby boy, I spend the most precious time with him seeing him grow because time flies, you’re literally seeing time passing when you see him grow, unreal.

Sometimes I scroll through Twitter X right after I wake up, I’ve never did that working from 9-5pm because then everything falls out of place and then you’re running late to go to the gym, no time to meditate, no time for coffee, no time to take a cold plunge in a bathtub, no time for the wife, you get the point.

Being free from a 9-5pm is a form of freedom and a superpower that goes beyond being tied to a job, you’re mind runs free to pursue what you want, you read books 📚 you wanted to read for a long time, you spend more time with your wife, kids, you call your family and other relatives, you call your parents more often, sometimes you book a flight to see your family, parents or brothers or a best friend.

Being free also gives you the option to pursue other projects you wanted to take on that really are important to you and I think this is the most important being able to pursue what you want to do.

It could be teaching others to do something, build something, explore a place, being with family, travel, focus on health and mind, finding yourself.

Being free is the best feeling ever.
Being able to pursue and work on what you want makes you feel great and makes you better.

[ReTwitWRLD @retwitwrld]

@LA_Multi_Fam

[Paul @LA_Multi_Fam]

The more I talk sh#t about LA, the more people reach out about investing in LA 🤔

[ReTwitWRLD @retwitwrld]

@realestatedude0 @patchboomhaerrr @QueenEsther328 13 offers

[ReTwitWRLD @retwitwrld]

@realestatedude0 I was only $1000 off...

[ReTwitWRLD @retwitwrld]

Agreed. Not sold on Smart Homes. If you are, how do you protect against hacking?

[🐝 Carol Walsh ^Monterey Bay^ @CarolWalshReal1]

New niche: dumb homes.

No John your refrigerator is not gonna tell you when you need more milk, you can just open it like a freaking human being.

You will not worry about your washing machine being part of a North Korean cyber attack.

Your phone shall be rotary so you can slam it dramatically as the Lord intended.