Anthony Walker

Avid Real Estate and Business Investor | Tweets and threads about building wealth through real estate. Founder Endura

[Anthony Walker @theanthony_w]

@RobinhoodApp Love to see it! Big HOOD guy

[Anthony Walker @theanthony_w]

@WhaleEverything @NoLimitGains @grok Done

[Anthony Walker @theanthony_w]

It's one of the best times to buy real estate I've seen in 5+ years.

If you've been waiting for a market drop, it's here.

The media just isn't talking about it.

I'm buying $9+ million in storage and NNN before year end all 20-50% off list price.

[Anthony Walker @theanthony_w]

@RobinhoodApp Looking forward to it

[Anthony Walker @theanthony_w]

@mediaking I like this guy 😂

[Anthony Walker @theanthony_w]

@bavedikian I’ll take one!

[Anthony Walker @theanthony_w]

@nicochristie Love to try this!

[Steven Borrelli @stevenborrelli]

Dear President Trump, @realDonaldTrump

I am the founder of a clothing brand called CUTS. We are a bootstrapped business that has been around for eight years and are a true example of living the American dream. We’ve built this business to millions of dollars in revenue over the last eight years, had a tremendous amount of success, provided jobs to hundreds of people, and I believe I am an example of the prosperity possible in America.

I voted for you in 2016, 2020, and 2024 because I believed in your vision for the country—and I still do. However, the recent tariff changes are happening too quickly. Removing 321 de minimis at the same time as increasing tariffs on China from 25% to 145% will be the death of thousands of eCommerce companies just like @cutsclothing . These are businesses that bootstrapped their way to success, created American jobs, and are now enjoying the fruits of their hard work in this country.

I understand and support the goal of putting America first—we are fully aligned with that mission. But the way these changes have been handled creates tremendous uncertainty for brands like ours. By placing tariffs on Vietnam and other countries, and then changing them so quickly, we are left unsure of what to do. More importantly, we need time to adjust to new legislation.

Regarding 321 de minimis, we were proud to use that exemption. In 2016, you mentioned using a “Hillary Clinton loophole” to lower taxes—and I respected that. That’s what a smart businessman does. Similarly, we used de minimis as a way to compete in a global market. Removing that, combined with the sudden implementation of heavy tariffs, would make our current margin structure unsustainable.

My goal in writing this is not to oppose you, but to stand with you in your mission of making America great again. We want to protect American jobs and help bring manufacturing back. CUTS is ready to help lead that charge—but it cannot happen overnight.

My request is that both the removal of 321 and the China tariff increases be delayed with enough time for U.S. companies to react—which, for production businesses, is at least 9 to 12 months. That time would allow us—and companies like us—to adjust, set up new manufacturing, and even pursue U.S. production that aligns with your vision.

I humbly ask that you take this seriously. Every day this continues, more businesses will fail. Solving one issue but hurting the very people who voted for you is not the best outcome. Mr. President, we believe in you, and we know there are things you see that we cannot. I hope you take this into consideration—so together, we can make America great again.

Respectfully,
Steven
Founder & CEO, CUTS Clothing

[Anthony Walker @theanthony_w]

I asked an operator (who owns $100,000,000 worth of real estate in every asset class) how to grow the portfolio from $0.

Here is his response:

1: He started with active income as a real estate agent.

He was hard-pressed to find something that makes you enough money to live a good life and have enough left over to invest.

2: Find a deal you can get your money back out of with a refinance.

The first deal he did was a opportunity he could push to 12 CAP.

3: When he increased the value, he refinanced and pulled the money out.

4: Now he had his equity back and more savings.

He went it did it again.

5: REPEAT.

He has been doing this same exact thing for 40+ years.

He guys small and large deals. They just have to be a good deal.

He is still a real estate agent.

He stayed consistent for 40+ years and is STILL going.

LESSON:

Find good deals, buy them, refinance them, and STAY CONSISTANT.

How many people in your 60s know that used this exact same method?

[Anthony Walker @theanthony_w]

The exact strategy I am using to flip a piece of land in less than 45 days for a 70% ROI.

Very simple:

- The land was listed in the local MLS, and I knew the agent very well.
- I made an offer over the asking price.
- I lost out on the first found....
- 3 days later, the agent calls and says the first buyer pulled out. (They just wanted to lock it up and then decide if it was a deal)
- The issue with the property? It was landlocked with terrible access through an easement of a neighboring parcel.
- One under contract, I called every parcel around it that would get me better access.
- I landed on two options: 1) Buy a small parcel with better road frontage. 2) Trade land to a neighbor to make his parcel more valuable and get me access.
- I opted for option 1. (But, I didn't actually buy it)
- I hired an engineer, did a preliminary plat, and worked on the new access.
- I found a local builder building on 5-acre parcels and pitched the deal.

They loved the deal!

We put it under contract and I resold the deal!

[Anthony Walker @theanthony_w]

Let's have a debate:

I see two paths in real estate.

Path #1: You build a business out of real estate. You raise capital, develop, acquire, hire a team, and earn active income, making it your career.

Path #2: You buy real estate to buy your freedom. You stay as one person; you don't hire, you simply just invest for cash flow and wealth building.

Which path did you choose and why?

[Anthony Walker @theanthony_w]

I met with 2 large operators recently who have had ZERO issues due to rate increases.

Both operators own north of $500mm in assets, with little to no investors.

I asked them both what they did differently.

They both had similar answers:

" We kept to our basics and didn't get greedy."

- We didn't overpay for assets,
- Leveraged assets with a conservative DSCR in mind and got long-term fixed debt.
- When developing, they developed the same project they had for years. They watched EVERY penny that went in and went out.

Key: They didn't let FOMO take away from their current business.

Pretty simple strategy when you think about it.

[Anthony Walker @theanthony_w]

@MatznerJon Do it! I’d make the trip

[Anthony Walker @theanthony_w]

3 weeks ago, I offered $100k lower than asking for a single-family house.

I accompanied the offer with some comps and justification for the price.

I truly believe it was the fair market value for the home.

The agent representing the seller told me it was rude, and the seller was severely out iff by the offer.

Then he used the experience card, "I have been selling homes for 20 years, and offering this much under asking is rude, and you shouldn't do that. If you had more experience, you'd understand that."

I looked him up.... in the 3 years I sold real estate, I sold more than he has in 10 years.

Asking was $850k. I offered $750k. ( I wanted to tear the place down and was after the dirt value).

What are your thoughts?

Was I in the wrong?

[Anthony Walker @theanthony_w]

I've rejected everything I've learned about real estate.

Because most of the lessons you learn keep you in a box.

When you start doing anything in life, a whole lot of people are going to give you advice on how to do it.

They aren't ill-intended; they are just sharing their personal experience.

I realized this early on.

So, I made it a goal to never take someone's "lessons" as fact until I've understood every aspect of the process.

Rejecting the lessons has taught me to think outside the box.

To think differently.

To form my own opinions and knowledge.

This is what sets you apart from every other real estate investor you encounter.

[Anthony Walker @theanthony_w]

Who's using AI to change their real estate business?

Comment the software and how it has changed the game.

I'll start:

Elise AI - Working on implementing it in property management

Chat GPT - Documents, Summaries, questions, speed

Sintra - AI agents. Helping me with content, scheduling, and task management.

[Anthony Walker @theanthony_w]

I met with one of my friends who owns over $850 million in multifamily assets.

He started 40+ years ago and owns 90%+ of all of the equity.

Here are 3 lessons I learned:

1. His path won't be the same as your path.

When he started, he got a loan for 110% LTC.

That doesn't exist today.

However, crowdfunding at scale and the laws we have today didn't exist when he started.

The path is still possible; it just won't be on the same trail.

2. Being a visionary is key to massive success.

To scale a portfolio or business to this size, you have to have the vision and believe it is possible.

He remembers being told "not" to do a particular development multiple times. Even his CFO didn't love the idea. He knew if he leveraged it correctly and put his vision to reality, it would succeed.

It did, and it was a MASSIVE boost to his company's success.

3. He is still building today and is bullish on multifamily

He is currently under construction on one 600+ unit project, has land under contract, and getting other projects approved.

Build now at better prices and refi later.

P.S. He builds the same style of product over and over.

He has snowballed his entire portfolio, starting with single-family homes.

He didn't have a "leg" up. His dad even doubted his success.

He had a vision, and he executed.

[Anthony Walker @theanthony_w]

Just finished looking at and underwriting a deal in Boise, Idaho.

Here are the pros and cons I found:

Cons:

- A lot of supply is still being absorbed in that market.
- Cap rates still trading in the 5s.
- Single-family homes are relatively affordable, softening the rental demand.
- Lack of high-paying jobs.

Pros

- Low rents compared to other high-growth cities in the Inland Northwest and Intermountain West.
- Price per door is lower than in other high-growth areas.
- Jobs are coming (Micron, Healthcare, Manufacturing, etc)
- Lower expenses
- High growth and desirable livability scores

I've decided I am going to dig a little deeper to see if I can find some 6+ CAP deals.

[Anthony Walker @theanthony_w]

I recently met with a friend who built a large excavation company to over $8 million in EBITA year after year.

It took 35 years.

The biggest lesson I've learned from him?

This dude is just having fun.

He wakes up at 4 am and gets to the office at 5.

He takes as much time as he wants off.

He gets to help people.

He has changed the lives of many of his employees.

HE LOVES IT.

That is my lesson.

Find something you love as much as this dude does digging in the dirt.

[Anthony Walker @theanthony_w]

My prediction:

Housing affordability will be even worse in 3 years than it is today, and the government will start offering incentives to build.

- Mass immigration (Estimates of 10 million immigrants will enter the US over the next 10 years)
- Under-supplied market
- Little new supply breaking ground
- 80%+ homes have fixed rates under 5%

All of this leads to more pressure on home prices and rents.

Expected solution:
- Expand programs like section 8.
- Offer grants, tax incentives, and vouchers.
- 100% bonus depreciation to return
- Opportunity zones to be extended

Possible solution:
- Expand development programs to give developers lower rates and more availability to get debt.

The solution is not to lower demand.

The solution is to increase supply.