Dimes AKA my greatest hits...so far Here's a compilation of bangers 3 Categories see below 👇 1. Negotiating Getting Your Price-nitter.app/CaseyMericle/status/16… Stop Getting F**ked-nitter.app/CaseyMericle/status/17… Profiting On Overpriced Listings-nitter.app/CaseyMericle/status/16… Non-Responsive Brokers-nitter.app/CaseyMericle/status/16… No Financials-nitter.app/CaseyMericle/status/16… Quit Playin' Games-nitter.app/CaseyMericle/status/16… 2. Making Money Options-nitter.app/CaseyMericle/status/15… Walkable Debt-nitter.app/CaseyMericle/status/15… Getting Seller Financing-nitter.app/CaseyMericle/status/15… Discounting Mortgages-nitter.app/CaseyMericle/status/17… Reverse Amortization-nitter.app/CaseyMericle/status/16… Optioning with Uncle Sam’s Help-nitter.app/CaseyMericle/status/16… Asymmetric Upside-nitter.app/CaseyMericle/status/15… Sandwich Leasing-nitter.app/CaseyMericle/status/16… Gettin' Freaky-nitter.app/CaseyMericle/status/16… How to Make 30%-nitter.app/CaseyMericle/status/16… Raising Never-Ending Capital-nitter.app/CaseyMericle/status/15… Buyback Capital Raising-nitter.app/CaseyMericle/status/16… The Best Way To Raise Money-nitter.app/CaseyMericle/status/16… 3. Miscellaneous Saving Your 1031 Exchange-nitter.app/CaseyMericle/status/17… Weird RE Niches-nitter.app/CaseyMericle/status/15… Finding A Mentor-nitter.app/CaseyMericle/status/15… My Mentors-nitter.app/CaseyMericle/status/15… My Why-nitter.app/CaseyMericle/status/16…

Anyone been rawdoggin’ it with exercise instead of Ozempic?

You: My offer is $1,000,000 Seller: It’s worth $2,000,000 Y: Whew, idk about that. But you need cash today for something is that right? S: Yes Y: How about this I’ll buy it at $1MM & give you an option to buy it back for a year at $1.1 MM That way you can take that cash to go solve a problem & I can buy something We’ll both agree that if you don’t come back it wasn’t really worth $2MM, because if it was you would’ve bought it again But in the meantime you’ve got your fingers on my money & your property What do ya say?

Bankers say the 1st person to make money on a golf course is the 3rd owner You figure that out

If you like brown water This is a generational opportunity

Is Waymo gonna cook Uber?

This isn’t fully accurate, but it’s close

PE are better operators

This morning’s “passive income” pic Post your passive income photos & vids to one up me

Do squatters lobby? How in the hell do they have any rights? Who’s genius idea was this?

It doesn’t taste as good You have to wait 20 minutes for your food in the drive thru Get your sh*t together @Whataburger You’ve ruined a great brand

Seems like we’re somewhere in here doesn’t it

Name a weird real estate niche I’ll kick it off Gravel pits Cemeteries Billboard parcels Contractor yards Underground storage Charity housing Pay by the booth salons Leasehold interests Whatcha got?

There's a dirty little secret to buying properties. An unpublished trick that's hardly discussed It's the reason why losers cry while winners laugh 😢 And why bullies buy while you go without Here's the covert primer on reverse amortization

Million dollar idea 💡 Google search filter for service businesses not owned by PE Who’s in?

Options are the most powerful tool in real estate Few people understand them Here’s how a smart Lender used an option to buy the GM Building in NYC for a $378M profit

The grift of affordable housing

Wife 20 minutes ago says come outside with me Says you don’t have to do any yard work just come out here and hang 👀 She then starts trimming rose bushes We then go for a short walk where she informs me we need to re-mulch a fairly sizable area & would like to do it right now Girl you just said… I fled to watch college basketball 🏀 She’s tryin’ to slide one past the goalie 🥅 today

Are you trapped in a low interest rate mortgage? Here’s how to escape the cage

My wife just had two sips of wine and told me to stop acquiring properties and to payoff all of our loans What’s my next move?

I used to play poker for a living The most dangerous person at the table is the one with the least knowledge of the game Real estate is like this

How to make 7 figures with the help of your local government

Debt is cheaper than equity Say it with me a 20% hard money loan is cheaper than an 8% pref while giving up 80% of the deal Quit crying about your rate!

That doesn’t cover leaving the hospital

Call the police There's been a homicide An entire profession is being wiped out before our eyes The occupation...Real Estate Broker

Buy a property Sell the building only Sign a land lease with yourself before closing This is the best hassle-free real estate strategy you’ll do

Cold called a guy several times over the years to buy his inherited house Couldn’t get it done Yesterday out of the blue he called & asked me to meet Was only a few blocks away House hadn’t been lived in for 5 years Was a full gut He & his Sister asked what I’d pay for it I told him maybe $50K But I also told him they shouldn’t sell it to me List it! He had another offer that was better & all cash Advised them to take it Gave them the Attorney they should use to draw up the deal Also provided the title company to use & the Closers name I likely will never do business with them, but left them in better shape than I found them It’s not financially satisfying But it’s weirdly satisfying Keep calling

How to get rich, stay safe, spend less & buy more Your guide to real estate options 🧵

Lazy man's way to make 30% on your money Buy mortgages at a small discount Renegotiate with Borrower to shorten payment term Sell half the mortgage This concludes today's lesson None of you will do this so the secret's safe

You're outta the loop on the latest viral real estate trend Seller Financing This is what you need to know to take down that next deal 🧵

If Millennials knew how to Seller finance they'd be homeowners

Got to see my son score his first school touchdown the other day Few things in life have brought me this much joy Proud of him

This is what the beginning looks like If you’re younger you may not have seen this before If you’re older it may be a distant memory

This is happening right now

How to prevent getting f**ked on your next offer 1. Ask if there’s been any offers 2. If yes, ask if they’re active 3. If yes, ask why they haven’t taken them 4. When the price is too low inquire how low 5. Get this in writing or email back the responses (important!) 6. Tell them you’d like to make an offer but don’t want to do that because they’ll do the same thing to you 7. They’ll say nah…ask why? 8. Let them know that your offer is withdrawn upon receiving a competing offer 9. Send an offer with a 2 day deadline ☠️ 10. In the email with your offer make sure to put that your offer is cancelled once that deadline’s been hit 11. If they go past the deadline but there are no other offers then let it ride 12. If they call/email & tell you that amazingly a new offer has now come about Send them your emails from steps 8 & 10 With highlights Thank them, and let them know you’ve gotta place your money soon as it’s burning a hole in your pocket Tell them you’re sorry you couldn’t meet their needs With prices going down so much you’ll have to look at other opportunities And if it doesn’t work out for some reason they can always give you a call back PS-Follow @CaseyMericle for the memes Stay for the strategies 😉

Flying home update 1st Class Attractive girl chats up jeans & blazer guy as he sits down He’s a consultant! Girl’s twirling her hair by the time the door closes She just moved to NYC She’s putting her digits in his phone before wheels up Stay tuned for more updates

Want never-ending capital for life? This is the story of how Dutch Bros. Coffee ♻️ their $ on an endless loop

You could be better off than 90% of the world by doing 2 things 1. Eating right & exercising daily 2. Spending less than you make What’s a simple #3 that would put you at 99%?

You: What’s the cap rate? Them: 4.5% (rates are @ 6% RN) Y: Would you borrow money at 10% & lend it at 8% T: No, I’d lose money Y: Isn’t that what you’re asking me to do?

Ran a 7:10 mile today at 40+ YO Don’t run much Is that good or bad?

Broker cold calls to tell me about a property he has for sale I kinda love this approach Asked when they purchased 2021 Followed up with is it an individual, fund or something else He says it’s a syndication Asked why they’d sell The value-add is done he said Then I laughed and told him that they’re selling because their debt is about to mature And he laughed too

One of my favorite landlord tricks is when a late tenant asks us to waive their late fee We tell them we’ll do a one-time removal of the late fee if they sign up for automatic payments It’s pretty successful Helps both parties What’s your favorite landlord move?

“Offer shall be rescinded upon notification of a competing offer” Put that sh*t in your offer and watch the world melt

This is the best part of REtwit

If you believe this you get what you deserve

These are not serious people How’s he going to open that coconut up A straw

You: What’s the cap rate? Them: 4% (rates are @ 6% RN) Y: Would you borrow money at 10% & lend it at 8% T: No, I’d be losing money Y: Isn’t that what you’re asking me to do?

When buying multiple parcels Split up your contract Keep the total price the same Allocate a low price to the good parcel Raise the price of the others Get a loan for the others Now you’ve got a free & clear property with a super-low basis Try smarter not harder

Sometimes I can’t help myself

Know 2 guys that own a partial interest in the same property Any time they can’t find a suitable 1031 exchange they buy out the other’s partial interest They’ve bought each other out dozens of times over the years Boomerang 🪃 deal

Son came home from the book store with this What should I do next?

Who needs a hard money loan? $1M-$3M No dirt or construction deals unless you have other RE collateral 12-15% rates 1-3 pts depending on the deal DM if you’re interested

Broker: Please provide proof of funds Buyer: What assurances do I have the the Seller will close? 👀

Repeat after me: If you’re not getting showings The price is too high If you’re not getting offers The price is too high If you’re ignoring both of these You’re wasting your time -Old Broker

How to profit on overpriced listings

There’s nothing wrong with this He’s 6’11” His ears are too far away to hear her Speak up girl Literally

What’s the reason personal finance isn’t taught to our children in schools? Seems like an enormous miss

Don’t go looking to buy the land Offer to lease it instead The owner isn’t making any money off of it currently Iron out the lease details Tell them the only way you want to lease it is if you can have an option to buy it All payments go towards the purchase price YW

6:29 AM Airport Last week Dude rolls up to the airport bar orders 2 Bloody Mary doubles with Tito’s Guess what happens next

Deals are not born They’re made Here’s how you can pay a higher price while every other Buyer is sitting on the sidelines Don’t be mad when you’re making $ while the competition curses you

Something very strange happened the other day I sent an offer Broker calls me back & tells me several reasons why it wouldn’t work for their client He was nice enough to walk through each one I gave him my rationale & provided potential future alternatives to each objection I didn’t change the offer He wanted me to modify the offer before sending Don’t do this Why? The counter party doesn’t feel the pain of getting to a middle ground if they don’t negotiate Otherwise you’re just negotiating against yourself All of the brokers points were valid & well thought out Then he did something that I thought was tremendous He made notes of our conversation then went and delivered the offer in person explaining all points including those that might be contentious Most people would’ve just sent an email with their own objections That’s how deals die, but this… This is how you get a deal done! Bravo! You never know where your counter party is at and taking the time to understand the other side, what they’re looking for, what they want to stay away from & more importantly why is how you get to a yes Idk if this deal will get done You never know But I do know that I’d be happy to do business with this broker in the future

Seller: I won’t do Owner financing You: How many partners do you have? S: None Y: (chuckling) S: What’s so funny? Y: Well, your partner’s about to take 45% of that hard earned $1M profit when the smoke clears S: What do you mean? Y: Your partner Uncle Sam is about to take half. That’s too bad though if you’d finance you could save about a third of that. Sounds like you’d rather give it to the thieves than keep it, is that right?

You can do it but I’d like to remind you that you don’t enjoy partners that much You could… 1. Give him an option to buy once he’s built something 2. Sell it for less and then option back in for discount once it’s built 3. Ask him for other collateral 4. 1031 into something of his with income with an option to buy back (2 props for ya to choose from) 5. You could buy his equipment for a rock-bottom price and depreciate it to offset your taxes There’s more but I’m tired

It took me 3 years to learn how to discount mortgages You can learn it here in 2 minutes 👇 Slap like or follow if you dig it

A master lease with an option to buy where all payments go towards the purchase price is essentially a 0% loan

This may or may not make you feel better But my dad was on multiple dates while married to my mom 😂

You what they called DoorDash when I was a kid? Schwan’s

Dollar move Dime finish

Thought I knew about real estate & then read this Realized I didn’t know sh*t

See that guy on the right That’s my friend & mentor Jack Shea He was a Navy pilot, poet, & real estate super freak Jack passed away yesterday after a battle with cancer He was the kinda guy that constantly made strangers smile Smart, humble & witty all in one package You gave more than you got Jack You taught me how to fish I’ll be forever in your debt Jack had a gentle way, was quick with a story & knew a little bit about a lotta things You’re in a better place now, and I’m sure you’re making deals as we speak I love you Jack Miss ya already

Got a debt quote last week $3MM 5 years 30 year amortization Non-recourse 3% interest rate Should I take it?

I hear cocaine gives you energy Not sure about the long-term impacts though You should check with the healthcare professional, don’t believe a stranger on the Internet

There’s about 500,000 listings with 2021 pricing that are aboutta find Jesus You heard it here 1st

Here’s an illustration of Pete Fortunato’s brilliance Here’s how to pay a higher price while making more cash flow 🧐 Add 2-3 zeros for you commercial honks If you deployed this strategy RN you’d have more deal flow than you could handle Get freaky

This is why when you sell a property you should add a clause in the contract that says… By purchasing the property the Buyer has done the entirety of their due diligence and is fully & completely satisfied with the condition of the property in its present condition

Seller: I’m asking $2,000,000 You: Do you have financials? S: No Y: Well, no bank will lend on this without financials. Seems like the deal is dead. No one else will be able to buy this either…Sorry S: Well I’ve gotta do something Y: (Sigh long breath) I dunno if you’d wanna do this or not, but I can’t figure out why you wouldn’t Why don’t you sell it on a performance agreement We’ll agree to your price Tell me again what are your expenses? S: $14,000/year Y: (Thinking that sounds crazy low) Does that include taxes, insurance, maintenance & management? S: Yes Y: Do you manage yourself? S: Yes Y: What’s your profit then S: $126,000/year Y: Ok, then I’ll pay you $2 million on annual payments if it makes $126,000 a year But if it makes less than that it’ll be a principle payment because you don’t have any financials I’m sure that won’t happen unless you’re lying to me about the expenses S: Nope Y: Ok great, let’s do it Y: Sounds good

Seller: I want more Earnest $ You: Happy to put up as much as you’d like so long as you match it Seller: Huh? You: I’ve had plenty of Sellers back out of deals over the years with substantial $ in due diligence. Will you match? Seller: Nevermind

Strap on the helmet 🪖 White knuckle the handle bars @fortworthchris was gracious enough to invite me on the pod Can’t thank him enough for having me! Apologizes to the Lawyers, Accountants & rewind buttons I’m hard on things

Fair or foul? Landlord I know is friendly with some bikers The group of bikers love to fight Anytime he gets squatters the LL just gives them a 30 pack of beer to “re-occupy the premises” Seems grimy but super effective

Negotiating Seller Fi Seller: If I’m going to carry. I need a 6% interest rate You: You know you get taxed at ordinary income on interest, but you don’t have to get taxed on price. You can 1031 for instance. Why don’t we just raise the price 6% to save you the tax

Engaged this broker made an offer & after 1.5 years on-market at a high price 2 more offers magically appeared I then went silent for a week Those 2 other offers mysteriously went away according to my voicemail Now the seller wants to re-engage What are the chances, right?

Million dollar idea QuickBooks online but for multiple businesses at one price Who’s in?

My brother in Chr*st you don’t understand what the word passive means

Seller/Broker: Your offer price is too low You: I’ll give you whatever price you want so long as you show me how to make 20% This gets the Seller/Broker out of combative mode & makes them think through how to make a deal PS-If they say appreciation Tell them you haven’t seen any appreciation in the last year so that won’t work They’ll need to come up with something else

CoStar search Owner: Syndicator Asset Class: Multi-Family Geography: Sunbelt Loan Origination Date: 2021

Flushable wipes were created by Plumbers to increase their exit multiple You can’t convince me otherwise

It’s hard to raise $100,000+ for a real estate deal Here’s how to do it before 3:45 today 🧵

Don’t negotiate against yourself Broker: You’re offer’s too low You: Thanks for letting me know B: Your going to need to come up Y: We don’t respond without a written counteroffer it’s company policy I’d be happy to share that with our team

Seller: If I take your offer I’m selling at a loss You: I think you bought it at a loss and are just now realizing it

Commercial tenant moves out in the middle of the night There’s $16,000 left to pay on the lease What would you do? (This is happening to me now)

Walked into the water company & told them not to turn off my water even if I miss a few payments The lady looks at me & scoffs I told her she better not do it Pound sand she said That’s when I smiled and told her that we owned the building that the water company leased 😁

Feel like you go to REtwit when you graduate from BiggerPockets Agree?

Name something stupid in real estate I’ll start…you finish Squatters rights Prepayment penalties NIMBYs Eviction moratoriums Paying 100% to a sub up front Modern appliances Zero sum counterparties Low basis Wet signatures HOAs Whatcha got?

100,000 hours of real estate learnings for free Share & bookmark if you’d like I’ve put in the work so you can Netflix & chill Here’s a chapter in my book that I’ll never publish 👇 1. Options are the best way to transact in RE There’s not a close 2nd 2. Listening & understanding your counterparty is the key to making a deal 3. Price is typically the most important thing 4. It’s easy to create a win-win transaction, but oftentimes one side wants it all 5. There doesn’t have to be a winner & a loser 6. It’s easier to catch flies with honey than vinegar 7. Your reputation is everything go above & beyond to protect it 8. Ya can’t make a good deal with a bad person 9. Don’t argue with idiots you’ll stoop to their level 10. Be good to the people you transact with, you’ll need them in a pinch and they’ll be there for you 11. Trust is hard to earn & fleeting to keep 12. There’s only two resources deals & money You’ll run out of both at opposite times 13. RE is a financing game don’t get it twisted 14. Basis doesn’t matter but it helps 15. You won’t agree with 14 because you’re ignorant (not stupid) 16. I can probably solve your RE problem before you finish your sentence, but you’ll be too afraid/proud/etc. to ask Don’t be, this is an open invite 17. Never counter your own offer 18. When buying don’t bid, when selling auction it off 19. Don’t put more than 3 contingencies in an offer One is better 20. Make money for others & treat them like royalty This helps overcome #12 21. If your investor doesn’t respond in kind there’s no need to bring them another deal 22. When you receive a negotiation request say yes but ask for something in return 23. Don’t waste a Broker’s time it’s their most important commodity 24. Protect your backside before considering your upside 25. Banks are the #1 cause of bankruptcy If you don’t use them it’s much harder to go broke 26. You can make millions without banks if you’d just learn something about real estate 27. Not all banks are bad but they are all regulated Analogous: I don’t have a boss, but I do have a wife She regulates 28. A good partner is worth their weight in gold 29. A bad partner can ruin your life 30. Give your partner the title, loan or asset You take an option to buy it back Then you never have to partner 😉 31. Write deadlines on your offers or get jerked around the rest of your life I don’t care! 32. Get a title report before making an offer If you don’t know why, you’re about to find out 33. Brokers & bankers can’t be bothered by title commitments but opportunities lie in the exemptions 34. 74% of sale leasebacks don’t go full-term Get prepaid rent at closing 35. The sale, leaseback, buyback is one of the sickest moves in real estate & no one talks about it 36. Get rid of people without integrity immediately Your life will be better 37. Dirt eats principal for breakfast, interest for lunch & taxes for dinner 38. If you can’t easily 3X good money on buying dirt, don’t do it 39. In God we trust in all others must furnish collateral 40. Negotiate on the same side of the table as your counterparty It’ll go better 41. Is there any reason why if I solved your problem we couldn’t do a deal today? 42. The most important question in buying is Why would you sell a nice place like this? 43. The 2nd most important question is what are they gonna do with all that money Brokers pay attention 👆 44. The 3rd most important question is have you had any offers, are they recent & why aren’t you taking them? 45. There’s no depreciation recapture if you take a loss You don’t have to 1031 exchange until you die There’s more to this one 46. Real estate professionals get unlimited losses That’s nice! 47. You don’t have to die or go into an opportunities zone deal to step up your basis 48. Deals are like buses Another one’s always on the way 49. Be a don’t wanter I don’t want your property but I will buy it at the right price

This may come as a surprise But many on-market properties aren’t for sale

A few do That’s all you need

How to make $1M in real estate quickly for pennies Get a BOMA measurement We picked up an additional 7,500 SF recently for less than $5K That space rents for $82,500/yr At an 8% cap we made $1,031,250 from a $5K investment This post won’t do big numbers, but you will

Can somebody tell me at what age I’ve gotta stop wrestling with my boys? The balance of power is shifting

The secret that no one tells you is that management is the biggest distress in real estate Master leasing (ML) solves this ML = you lease all units with the ability to sublease Find properties with big vacancy & low rents Here's how you'll do it with no money down 👇 1/

The smart ones say idk who owns it Even if they own 100%