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- April 26: Friday Five Newsletter
April 26: Friday Five Newsletter
A recap of the best content, tools, and insider insights from each week
Hello friends,
Jake here again
Last night, I attended Strip Mall Guy’s Gala
I will share more about this next week, but let me tell you one thing:
Meeting people I have interacted with online is delightful
There are truly so many great, kind people in this community of real estate “enthusiasts”
I woke up feeling grateful to be a small part of it
Anyhow, more on the event next week
For now, here are five resources I think you will enjoy
Resource of The Week
They say you learn best from mistakes…
And it’s a lot nicer to learn from others mistakes than yours
Trammell Crow Company documented their lessons learned from the 1980’s real estate crash and published it
It is an absolute goldmine
Every real estate investor should read this monthly
Check it out here
How is it only 4 other people have watched this in 2024?! Fascinating commentary from Sam during the beginning months of the pandemic. A few of my favorite quotes:
I don’t know anyone who manages to motivate by modem. It’s one thing to take a group of people who have worked together and go remote for a few months. It’s a whole other thing to run a business going forward remotely. (8:00 minute mark)
The most important question for the future of our country: how quickly can we get a middle of the road policy that in effect is supported by a majority of the people (47:00 minute mark)
Read - Interesting commentary from Matthew Gottesdiener, CEO of Northland, top 50 multifamily owner in the country
Recently I found myself in a room with ~40 of the largest US multifamily investor/owners and was pretty shocked by results of poll on forward predictions. Q was “if todays mf cap rates are 5.0 +/- 50bps, where will it be in 12-18 months?” The results was an inverted bell curve 🧵
— Matthew Gottesdiener (@MRossG199)
11:53 PM • Jul 19, 2023
Watch - Larry Silverstein discusses his early days as a real estate developer in New York City. How Larry and his dad bought their first property and were offered a $100,000 profit before it even closed was quite a cool story (7:00 minute mark)
Nick Howley is the Founder and Executive Chairman of TransDigm. Since inception in 1993, TransDigm has returned over 1,750X its primary equity and a remarkably evenly distributed 36% IRR. Many of the lessons are remarkably parallel to real estate.
Hope you all have a tremendous weekend!
Your friend,
Jake
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