Brandon Wurz @excel_ranger
Ugly building lover, Business owner, Dad x3.5, Husband x1, Former Army Guy Renovating the Arena Joined May 2013-
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Zombie properties will become a term used much more frequently going forward
Got a client looking to deploy $15MM of opportunity zone equity into a shovel-ready industrial development deal or a pre TCO deal. *Needs to be industrial. Can't be multifamily. * Can anyone help?
They have been coming back several times now. Last week I drilled several suspect windows shut, and they still got in. This weekend I drilled them all shut. Kids came by last night and threw a rock through the bedroom window 🤦🏻♂️🤦🏻♂️
They have been coming back several times now. Last week I drilled several suspect windows shut, and they still got in. This weekend I drilled them all shut. Kids came by last night and threw a rock through the bedroom window 🤦🏻♂️🤦🏻♂️
Why not push students into loans now?? We’ve made it obvious loans are going to get wiped, why not take loans?
Why not push students into loans now?? We’ve made it obvious loans are going to get wiped, why not take loans?
We had a good thing going until the hedge funds got ahold of it
Need
Best part of this is that the inspector himself doesn’t even have an office I mentioned I haven’t heard anything in two weeks on our request.. Him: “things are so short handed and screwed up that I don’t have an office and have to work out of my truck” Awesome. Just awesome.…
Best part of this is that the inspector himself doesn’t even have an office I mentioned I haven’t heard anything in two weeks on our request.. Him: “things are so short handed and screwed up that I don’t have an office and have to work out of my truck” Awesome. Just awesome.…
Me: Hi city of Dallas, I need a permit. City: Waits two weeks to respond. “Ok we will need to come and inspect” Me: sure no problem, when can you be at the site? No one is there, so I will have to meet you. City: We will be there in between 8-5 tomorrow. If you miss the…
They will call it.. “cable”
They will call it.. “cable”
Have a client looking to purchase or recap a multifamily or industrial Op Zone deal pre TCO. -$25M to $45M. -Mountain States and East. No ground up. -Needs to be close to TCO. Anyone got anything good?
CLO market is at maturity and over saturated with funds bidding up the same paper.
CLO market is at maturity and over saturated with funds bidding up the same paper.
This is NOT a tweet to raise money BUT If you were hypothetically interested in: Multi Tenant class B industrial So cal market Small value add (via rents) Forever hold in mind Low entry cap rate Low stabilized cap rate Send me a DM and let’s talk Benefits might be:…
Lots of investment thesis can be gleaned from this chart here
This is what you see at a CrossFit gym
This is what you see at a CrossFit gym
Ultimate dump is what it’s called when the kids are out of the house and Dad gets to take a crap in peace and quiet
Ultimate dump is what it’s called when the kids are out of the house and Dad gets to take a crap in peace and quiet
The fun begins when you deal with the irrational ones
The fun begins when you deal with the irrational ones
Heat 2
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@excel_ranger Except now, they'll actually be occupied by zombies (squaters)
Grateful yo have closed a $45M loan on this 153 unit BTR site outside Austin in Q1. Visited it yesterday. Incredible feeling seeing things moving!!! IYKYK?
Btw, became a dad Monday. Baby and mom come home tomorrow. Back to quiet then.
Recently closed a 2x cash out refinance on a highly distressed 150-unit property we bought 10 years ago. Repositioning was a monster project. Just sent $10,000 bonus checks to the on-site staff with a card that said "thank you for helping me manage the tightest shipwreck ever."
i think he's right but exactly the opposite direction on which side is capitulating
Live footage of the Texas state police deporting California transplants who said In N Out is better than Whataburger
I am officially 'sneezed and pulled a muscle in my neck' years old
The Army built one of Camp North End’s buildings with an extra thick slab and extra deep footings to accommodate the weight of the nuclear missiles that were built there during the Cold War. We're going to unearth and expose some of them in this multifamily courtyard.
Imagine owning this property and not being willing to spend the $80k to get $400k in additional value. Or, maybe...
NEW - Blood-covered horses run loose through London.
Inked our developer agreement with the city of Saint Paul and We received our building permit A family of 4 who earns <$94,000 will be eligible to buy this Extra special that it’s in my hometown and the largest duplex I will have done (3200 sqft)
The best thing around $1k I've bought over the last 3 years: My Tactix 7 Garmin watch with flashlight. I don’t use the smart watch features. But I use the timer every day in sauna / cold plunge, I use it to record heart rate during every workout, while hunting, hiking, etc and…
We've had preliminary discussions about taking outside capital. Bridge loan demand is that significant. More to come on this.