Category: Uncategorized
The two reasons great employees get frustrated and quit
I’ve taken the time to speak with a ton of high level employees about their jobs. What they like, what they don’t like, and more importantly WHY THEY QUIT.Lets dive in: Last week’s podcast episode on how to fire an employee was one of the most popular episodes I’ve released. Check it out on Youtube or Spotify. There are two main […]
Read More ...A complete rundown of real estate’s #1 tax loophole
Last week Mitchell Baldridge, my CPA and tax advisor, came on my podcast to discuss real estate taxes. It was the best 1 hour overview of real estate tax that I’ve ever been a part of. You can check out the Youtube video here and the podcast episode here. We’ll break it down below: As you know, we’ve got 18 […]
Read More ...Entrepreneurship culture in America is all messed up and its a shame
Entrepreneurship culture in America is all messed up and it’s a shame. TechCrunch. Product Hunt. Shark Tank. It’s all about new ideas. Changing the world. Innovation. 0 to 1. Blue ocean. Venture capital and exits and scalability.And ITS ALL A LIE. If you ask the average American who a real entrepreneur is they’ll say Jobs, […]
Read More ...Get the big things right and the rest takes care of itself
Many quotes are floating around that go about the same way: “I’d rather regret not-doing a deal than regret doing a deal.” Or. “I’d rather miss out on 10 good deals than do one bad deal.” And this is true. There will always be another deal. It’s tempting to “just get in the game” and […]
Read More ...The mindset of the successful investor
Most successful investors, myself included, hold an unpopular opinion: Life is long. To live up to their full potential, every human needs to do some things that won’t pay off for 5, 10, 20, or even 100 years. And if you zoom out to 1,000 feet: Every day, I feel lucky that my great-great-grandfather (whom […]
Read More ...In good times we make money… in hard times we acquire assets
Houses in my town aren’t selling. As a matter of fact houses aren’t selling virtually anywhere. Mortgage applications were down 90% year-over-year. Self storage brokers aren’t able to sell most listings right now. Developers are going pencils-down on anything they aren’t pot committed to right now. I’m hearing the same lock-up news from virtually every real estate […]
Read More ...An interview with a self storage operator who sold his portfolio for $1.5 BILLION
I attended RE-convene in Los Angeles in September hosted by Moses Kagan. 280 real estate investors were in attendance. And we’re not talking about your local realtor or mortgage banker – we’re talking about folks with $100m real estate portfolios who are deep in the business of managing risk and acquiring real estate. A quick sponsored […]
Read More ...A career is a series of games – you just have to figure out which ones are worth playing
A career is like a series of games.Assess what games are wroth playing with a series of questions – outlined below. A quick sponsored note before we dive in: As you know, we’ve got 18 employees working at our self storage management company who live in the Philippines. We sourced and hired all of them […]
Read More ...How I’m deciding what deals are worth buying right now
The real estate market is in a period of price discovery. What does that mean? Nobody knows what to pay and sellers aren’t willing to meet the market. If real estate was a liquid stock that could be bought and sold at a moment’s notice, it would be in free fall. The most common question […]
Read More ...Deal breakdown – from $635k purchase price to a $2.85 million value in 3 years
The self storage acquisitions market is tough, but the properties we own are performing well. Last week we closed a refinance on one of our earliest (and toughest) deals – a 3 property portfolio in western Pennsylvania. We acquired the 25,090 square foot portfolio at public auction in October of 2019 for $635,000 and it […]
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