by Bob | Jul 13, 2021 | Uncategorized
In funding real estate loans with my partners over the last year, it’s been interesting to talk with hard money lenders around the country. They have different models and very different costs of capital. One broad trend that I’ve observed is that most hard money...
by Bob | Jul 7, 2021 | Uncategorized
When I had a realtor drive by the house, prior to purchase, it looked like the owner was renovating it. In 2018 I started finding fewer investments that met my criteria. I had pivoted from flipping houses to building houses and it wasn’t the right fit for...
by Bob | Apr 2, 2021 | Uncategorized
In Bill Brewster’s (on Twitter @BillBrewsterSCG) interview with Adam Robinson (on Twitter @IAmAdamRobinson), Robinson distinguishes between two types of games. These are Games that you should play to win andGames that you should play not to lose Initially, I thought...
by Bob | Jan 27, 2021 | Uncategorized
Mac was the first GC that we brought to our 2nd Street project. He started years earlier in the trades as a framer and had gone on to build hundreds of homes in his career as a GC. When we arrived, Mac pried the plywood covering off the door frame and peaked into...
by Bob | Jan 6, 2021 | Uncategorized
Today, in January 2020, we are in a market with a lot of skinny deals. Thin margins with a lot of hope embedded in the purchase prices are common. Liquidity is abundant meaning you rarely get paid for providing it. This is one reason why I’m sourcing performing...
by Bob | Dec 15, 2020 | Uncategorized
I’ve seen hundreds of stock pitches that present a company with a hodgepodge of different assets and operating businesses, some of which have no reason to be under the same roof. They’re often valued on a sum of the parts basis based on comparative metrics for the...
Recent Comments