Try to Kill Your Deal
Wednesday, June 24
“Try to kill your deal.” (- Tim Bratz). As a new investor, this can be hard to swallow. In fact, I own over 200 multifamily units and around 50,000 sq ft of office space, and I STILL struggle with it. I’m a problem solver at heart and I’m always looking for the solution. I’ve encountered every ...
Business as Usual During Coronavirus
Monday, April 27
There is a lot of uncertainty in the market right now. We have our own guesses as to how long this shutdown will last, how the market will respond when the shutdown ends, and the long-term impacts. Will this change consumer behavior? It has certainly changed mine. If the shutdown ended today, I w...
3 Ways to Analyze Multifamily Real Estate Deals
Monday, October 28
How you analyze a real estate deal depends on your goals, where you are in life, and the disposition of the asset. What do you want to achieve with this investment? Although there are many ways, I believe the following three are most prevalent in today’s market: (1) Cash Flow Method; (2) Value-Ad...
My First Out of State Deal
Sunday, October 20
Up and until August of this year, everything we owned was in Maine. I love Maine—Maine is home, I know the area, I know the people, and it was a great launching pad. But I recognized early on that it would be tough to scale our business where the population (of the entire state) is around 1M peop...
Hey man: "Everything You Touch Turns to Gold"
Saturday, May 04
At an investor meeting a couple of weeks ago, the person across from me said, from his perspective, “everything I touched turned to gold.” I laughed it off and politely shook his hand after we finished the conversation, but the comment shook me. Internally, I flashed back to all the sleepless nig...
Saying "No" Is Just as Important as Saying "Yes"
Friday, April 26
One of my favorite business slogans was coined by Dr. Peter Linneman: “Saying ‘no’ is as important as saying ‘yes,’ only tougher.” Real estate finance is all about risk and opportunity, and there is never opportunity without risk. Operating cost, vacancy, natural disaster, leasing, liquidity rep...