Tom Barr

General Partner at Serra Street Holdings.
Specializing in niche sub-institutional real estate and SMBs.
USMC veteran, devoted father, and husband.

[Tom Barr @tomjbarr]

@therobertbrooks That’s awesome, wonderful to follow along!

[Tom Barr @tomjbarr]

@therobertbrooks Congrats, looking forward to following the journey.

[Tom Barr @tomjbarr]

Just learned Enterprise Rent-A-Car was named after the USS Enterprise—the WWII carrier the founder served on.

That bumps them up a notch in my book.

[Tom Barr @tomjbarr]

@STLChrisH @STLChrisH What metric do you track to determine when to add the next layer? FCF/Tech, GM($)/Tech, or something else?

[Tom Barr @tomjbarr]

@jcolesimpson @pinpulleddrmf Don’t forget the dushka!

[Tom Barr @tomjbarr]

@chernobelskiy I could see value for LPs considering investing in a GP to reach out to current LPs as part of their DD.

[Tom Barr @tomjbarr]

@WilsonCompanies Love the XL hybrid, great vehicle!!

[Tom Barr @tomjbarr]

@meetmikehiggins Ignore, I don’t actually see a question in the email.

[Tom Barr @tomjbarr]

@MattBMartin @STLChrisH This was my experience in 2011.

[Tom Barr @tomjbarr]

@seanfrank 1.1967 Chevrolet Corvette Sting Ray Convertible
2.1970 Ford Bronco (First Generation)
3.1969 Dodge Charger R/T
4.1965 Ford Mustang Fastback 2+2
5.1971 Plymouth Cuda 440

[Tom Barr @tomjbarr]

@therobertbrooks Shoot me a note if I can be helpful.

[Tom Barr @tomjbarr]

@mhp_guy That’s an incredibly high NOI for 145 lots. Each lot is averaging $900+ per month?

[Tom Barr @tomjbarr]

@ChrisRamsey60 Not sure there is a best structure, but I definitely think it should include crystallization.

[Tom Barr @tomjbarr]

You must be willing to walk away, but your next move depends on context. A lot hinges on your relationship with the seller, deal competitiveness, and why the EBITDA is lower. Are these critical expenses driving the business, or fluff that can be eliminated?

If the adjusted EBITDA still supports your model with a solid margin of safety, you can justify moving forward. However, if the revision fundamentally undermines your investment thesis, it’s time to renegotiate or step away.

[Tom Barr @tomjbarr]

@_apryor I agree with 100% compulsory service, but options should include military, national park service, Teach For America, or some other form of public service.

[Tom Barr @tomjbarr]

It doesn’t seem entirely accurate to say that MBA programs only teach traditional search or lean heavily toward PE-backed paths. While some professors have fund and do support traditional searchers, there are also dedicated resources for self-funded paths. In my MBA experience, both options were presented fairly, though it’s true that many students might initially lean toward traditional search due to immediate funding needs. Self-funding often requires a more extensive network and financial preparation that some recent graduates might not have yet.

[Tom Barr @tomjbarr]

@AaronHarperCEO As the CEO of a franchise, who are your customers and are you more focused on 1 or 2?

[Tom Barr @tomjbarr]

@AaronHarperCEO That is an interesting study. If you look at car washes, gyms, and some home servicing niches you would assume there is no issue with billing monthly. Did Alex charge annually with his gyms?

[Tom Barr @tomjbarr]

@bradford_hardin I have not had a Garmin in a long time, but it does everything I need for multi-day adventure races and ultramarathons at a dramatically more reasonable price. It has great battery life and gps accuracy.