Tyler Bynum

Texas MultiFamily Investment Sales

[Pat Carino (d/b/a Acquisizioni) @PatCarino]

This book is apparently rare/expensive, and so I'll use it in my quest for 10k followers:

If anyone from ReTwit would like me to send this to you for free, just like and repost this tweet, and I'll have Grok pick a winner.

If no one participates, I'll just give it to @_apryor

You also have to promise to pass it along to someone else on ReTwit in a similar fashion when you are done.

[Tyler Bynum @tjbynum]

I always debate if small podcasts (with barely any audience) are worth the time.

A few years ago, I said yes to one with ~50 views.

Got a random call from someone who saw it - listed a 40+ unit.

Now working my 3rd deal with him.

Tiny podcast. Big ROI.

[Tyler Bynum @tjbynum]

Had a lender just pull out of a new construction deal, over a month after signing the term sheet and 4 weeks of committee review.

Developing in tertiary Texas markets is never easy. But the locals see the growth coming long before the capital markets do.

Back to the drawing board

[Tyler Bynum @tjbynum]

Pay Us What You Owe Us shirts is the LP version of showing up at the property… right as the bank is posting the foreclosure notice asking for their return.

[Tyler Bynum @tjbynum]

Saturday prospecting:
📬 40 emails
😤 3 annoyed replies
🤝 1 potential deal
Worth it.

[Tyler Bynum @tjbynum]

@SimpleCRE You know*

[Tyler Bynum @tjbynum]

@SimpleCRE Also get at least 3 quotes/BOVs to see if any of them are an outlier.
At least until a relationship is built, and you they price things correctly.

[Tyler Bynum @tjbynum]

@chernobelskiy Haha well at least it’s free education on what not to invest in then..

[Tyler Bynum @tjbynum]

@credealjunkie “Below market rents” = half the tenants aren’t employed

[Tyler Bynum @tjbynum]

Checked out a MultiFamily development site in Austin, TX.
Unbelievable location, but these wrap projects are so hard to get done until rents climb above $2.50 a foot.

Guess it’s a sit back and wait or figure out how to reposition the site to something else.

[Tyler Bynum @tjbynum]

@realEstateTrent Agreed. But feel like there is a cap to that regarding brokerage.
Have seen NY brokers try to list MF deals in Texas and have no idea what they are doing. Priced wrong, sits on the market, etc.

[Tyler Bynum @tjbynum]

@buildwealthcre Absolutely. Get it in the right spot too can snag a lot more unplanned meetings by running into owners at coffee shops and lunch

[Tyler Bynum @tjbynum]

Lease signed on the new / temp office space.
Can’t wait to start working in an office again.
Not a work from home guy.

[Tyler Bynum @tjbynum]

@MattRob19 Need to train the dog not to freak out every time someone passes by…

[Tyler Bynum @tjbynum]

Tech is leveling the game for brokers. Buyer reach is the same across shops.

The edge now is the best Storyteller.

[Tyler Bynum @tjbynum]

New legislation = big tax advantages = better returns.

Are sponsors gearing up to raise and deploy again?
Is retail capital waking back up?

[Tyler Bynum @tjbynum]

Are syndicators finally ready to get back in the game?
Institutional funds have dominated recent deals, but that could change fast. ⬇️

-100% Bonus Depreciation
-Permanent Opportunity Zones
-Section 199A Pass-Through Deduction
-Higher $40K SALT Cap
-1031 Exchanges Preserved

[Tyler Bynum @tjbynum]

@MultifamilyMad He probably argues with himself in the mirror about splits too.

[Tyler Bynum @tjbynum]

Multiple call for offers going on for new construction assets around Texas in high growth cities.

Both properties have been stabilized and ready for long term debt.

Reach out for more details