Theo Hicks

Taking my talents to passive LP investing | Exposing GP Shenanigans

[Theo Hicks @theohicksLP]

@SideHustle_LP GPs buying with no debt. Invested in an industrial deal bought all cash last month.

[Theo Hicks @theohicksLP]

@GRomePow $696,969

[Theo Hicks @theohicksLP]

@ClintT_land Dogecoin

[Theo Hicks @theohicksLP]

@TripleNetInvest "Hey. I'm launching a Generational Wealth Fund to invest in Turkish government bonds. Only a 4% acquisition fee + free lifetime membership to exclusive Cabana Club. You In?"

[Theo Hicks @theohicksLP]

If you want to know how GPs can lose LP capital on current deals while raising LP capital for new funds/deals at the same time, look up solipsism.

[Theo Hicks @theohicksLP]

@LPInvestor You should text this tweet to that number

[Theo Hicks @theohicksLP]

@TripleNetInvest "Hey. I'm launching a Generational Wealth Fund to invest in Turkish government bonds. Only a 4% acquisition fee + free lifetime membership to exclusive Cabana Club. You In?"

[Theo Hicks @theohicksLP]

@ChrisGrenzig Bro, you don’t want to pay yourself? https://t.co/jIkXKaUQNl

[Theo Hicks @theohicksLP]

@ChrisGrenzig Bro, you don’t want to pay yourself? https://t.co/jIkXKaUQNl

[Theo Hicks @theohicksLP]

Found out how the pref equity LPs will "receive 7-8% guaranteed cash flow from day one" on this deal...

It's not coming from property cash flow.
It's not coming from the GP's pocket.
It is...coming from the LP's own pocket...

The GP is raising an additional 14.4% upfront, and will use that extra equity to cover guaranteed "cash flow"

The funny part is the GP spent the first portion of the hour-long investor webinar claiming a 14% to 16% pref on pref equity is unheard of...and the title of the webinar is "14%-16% Short-Term Pref Equity Deal with guaranteed CASH FLOW"

Yet the pref equity investors for this deal aren't really getting a 14% to 16% ROI. They are only getting a 7% to 8% (at best).

Giving me my own money back isn't a return on capital...super misleading.

Another funny part about the webinar is the GP spent half the presentation talking about how great the market and property are, and LITERALLY spent less than 10-seconds on the slide from which I pulled the below screenshot.

Very quickly said the cash flow is guaranteed because we are raising it from you, and then moved on LOL

[Theo Hicks @theohicksLP]

@AnthonyVicino @EllliotttB Yeah I used to work for Joe. I don't think falling out is the right word. When my account blows up, I'll give more dets.

[Theo Hicks @theohicksLP]

@gingertau @EllliotttB No. Just Google my name and "real estate" and you'll understand.

[Theo Hicks @theohicksLP]

@investingcre My favorite catchphrase is "risk-adjusted diversification".

[Theo Hicks @theohicksLP]

LP: I know you are doing a capital call, but what's the current value of my original investment?

Cardone: 0

LP: Wait, so my original investment holds no value?

Cardone: No value is a level of value, man. Didn't you read 10X?

[@jason @Jason]

When the dude from Wolf of Wall Street thinks you’re full of -ish, it’s time to do some self-reflection

[Theo Hicks @theohicksLP]

Mr. Guaranteed Cash Flow with multiple capital calls is hosting a webinar about why BANKS are facing a crisis lol

Bro what about the crisis with your business is facing?

[Theo Hicks @theohicksLP]

Found out how the pref equity LPs will "receive 7-8% guaranteed cash flow from day one" on this deal...

It's not coming from property cash flow.
It's not coming from the GP's pocket.
It is...coming from the LP's own pocket...

The GP is raising an additional 14.4% upfront, and will use that extra equity to cover guaranteed "cash flow"

The funny part is the GP spent the first portion of the hour-long investor webinar claiming a 14% to 16% pref on pref equity is unheard of...and the title of the webinar is "14%-16% Short-Term Pref Equity Deal with guaranteed CASH FLOW"

Yet the pref equity investors for this deal aren't really getting a 14% to 16% ROI. They are only getting a 7% to 8% (at best).

Giving me my own money back isn't a return on capital...super misleading.

Another funny part about the webinar is the GP spent half the presentation talking about how great the market and property are, and LITERALLY spent less than 10-seconds on the slide from which I pulled the below screenshot.

Very quickly said the cash flow is guaranteed because we are raising it from you, and then moved on LOL

[Theo Hicks @theohicksLP]

5am workouts are underrated. Too tired to make excuses.

[Alex Hormozi @AlexHormozi]

People waste a lot more time from 5pm to 11pm than from 5am to 11am.

The benefit of the early rise is no one else does it. So there’s no one around to distract you from working on your goals.

[Theo Hicks @theohicksLP]

Do LPs really care about metal shelving installation being 50% completed, stairway tile being 25% completed, etc.? Especially in the middle of a capital call?

[Theo Hicks @theohicksLP]

GP: Here's a brief summary of the status of the work and project completed to date

The brief summary:

[Theo Hicks @theohicksLP]

Came across this GP's FB Ad for their guru program

One of the selling points? Creating passive generational wealth fast with 0 money down

Teaching their students that syndications is a passive get-rich-quick investment and NOT to co-invest at all (yes you read that right!)🤦‍♂️

[Theo Hicks @theohicksLP]

Am I crazy or does this really say LPs only get 26% of profits while GPs get 74% with $0 invested + a 3.5% acquisition fee?

[Theo Hicks @theohicksLP]

@TripleNetInvest Chick Fil A is crushing the competition because you're 8 times more likely to get a job protecting the President of the United States than being selected to operate one of their chicken joints.

[Theo Hicks @theohicksLP]

Chick Fil A is crushing the competition because you're 8 times more likely to get a job protecting the President of the United States than being selected to operate one of their chicken joints.

[Triple Net Investor @TripleNetInvest]

Chick Fil A just announced that their 2023 avg sales per restaurant was a STAGGERING $9.3M

Why do you think Chick Fil A is killing the competition?

Fast Food Avg Sales Per Restaurant (2022)

Raising Canes: $5.4m
Shake Shack: $3.8m
Whataburger: $3.7m
McDonalds: $3.6m
Culvers: $3.3m
Panera: $3.2m
Chipotle: $2.8m
Krispy Kreme: $2.8m
Zaxbys: $2.6m
Panda Express: $2.3m
El Pollo Loco: $2.1m
Bojangles: $2.0m
Wendys: $2.0m
Dutch Bros: $1.9m
Taco Bell: $1.9m
Crumbl Cookies: $1.8m
Jack in The Box: $1.8m
Popeyes: $1.8m
Five Guys: $1.7m
Starbucks: $1.7m
Del Taco: $1.6m
Burger King: $1.5m
Carls Jr: $1.5m
Qdoba: $1.5m
KFC: $1.3m
Dominos: $1.3m
Arbys: $1.3m
Jersey Mikes: $1.2m
Dunkin: $1.2m
Papa Johns: $1.2m
Hardees: $1.2m
Moes: $1.2m
DQ: $1.1m
Pizza Hut: $1.0m
Church's Chicken: $935k
Firehouse Subs: $924k
Jimmy Johns: $900k
Little Ceasars: $860k
Subway: $510k
Baskin Robins: $300k

For more business related content just like this, make sure to follow @TripleNetInvest