Follow me to learn about business and residential real estate through my fun ‘engagement’ 😂 with others on X. 2X 8-Fig Biz Builder and RE investor.
#Knicks
@JonFlynnREstats
This take is so bad. You don’t give the bank anything. Your rent will keep going up but your mortgage payments don’t, and the amount going to principle increases every month. The 30 year fixed-rate mortgage is the greatest wealth building tool in the world. Smh.
@CryptoTea_
You missed the part where the government then spends all of that money plus a bunch money they don’t have, starting the process all over again and creating inflation while they do it.
@londonstheory
If you don’t know that this is a reference to a take from last off season I can’t help you. The Happy July 4th week was the clue you shouldn’t have needed.
@AllieWag
@JonFlynnREstats
How much has the value of the home you rent gone up? That’s net worth you’re missing out on. Your rent will eventually go up. Over the long haul there is no solid argument for renting unless you are moving every 6 to 24 months. The opportunity cost is too high.
@JordanRaanan
I was there. It was so much fun. Life is short! The players should act like they’ve been there before, the fans should relish every second. I promise they will be able to muster the same energy for a game 2 win. 😀
@Rjeff24
That’s what it sounded like. The first half was a rough listen for Knicks fans. I respect you and the work you do but I also have to keep it real.
@FUNDIR7
Using fixed rate leverage to buy a home is the single greatest advantage of living in America. Rates go up and you have tremendous inflation protection. If rates go down you can refinance. Any advice to contrary just hurts and confuses people. I’ll happily debate this w/ anyone.
@RobbyMartini
@realEstateTrent
That isn’t how it works. 3% is 3%. The amount of interest paid per month goes does as the balance you have outstanding goes down.
@CreatingJas
You shouldn't freak out, and it depends on the rest of the deal, but I might have walked. I don't need those kinds of problems in my life and for everyone problem you see upfront there are 2 that you don't. Regardless, congrats! It's the best way to build wealth.
@ElSunDeen
@Diyetfinvesting
In the US we don’t have “tax cliff’s”. You just get taxed the higher amount on the amount you made above each level. I think the way I’m saying that makes sense.
@TripleNetInvest
This is out of scope for me. My expertise is residential and smb. I know only know CRE in theory…but I think that you could have bought this land for a few million and built the building for not that much more than a few million…so selling for this would be a heck of a return.
@AllieWag
@JonFlynnREstats
If you would have bought 5 years ago and locked in a fixed rate mortgage at 3%, dollar for dollar I would be willing to be you would be far better off today than having rented. If you DM me your address I will send you an analysis on it. If I’m wrong I’ll post that publicly.
Using fixed rate leverage to buy a home is the single greatest financial advantage of living in America. If rates go up you have tremendous inflation protection. If rates go down you can refinance. Any advice to the contrary just hurts and confuses people. I’ll happily debate
@redamon8
@JonFlynnREstats
Only if you are thinking very short term. I can’t say this enough. The 30 year fixed mortgage is the greatest wealth building tool there is. If rates go up you have an amazing inflation hedge, if they go down you refi. Get in the game.
@GoracleOfDelphi
If I found the people from your past that liked working with you the least, what would those people tell me about you? How were they right and how were they wrong? There is so much to learn from the way people answer this question. Can soften by starting with reverse ? as well.
@jasonbeahm
@gregtalburt
@JonFlynnREstats
That vast majority of places don’t have rent control. You have zero control over market rent, but historically it only goes up. 30 year fixed mortgage offered in the US makes owning a no brainer. Your principle and interest payments will never go up and you can refi if rates go
@joshgaddymb
Without knowing where interest rates are going I am not selling any properties with locked-in low rates. As a low risk inflation hedge this situation is just too good.
@bseeling
Great at building businesses, bad at social media. I have scaled 2 separate companies to 8 figures in annual revenue, now I help others do it through minority partnership or coaching. Looking for 5 new partners in 2024 and 2025.
I’ve hired 100’s of people in my career and here are three controversial things I have learned along the way:
1. Candidate physical attractiveness subconsciously impacts your evaluation. This works both ways and can lead to missing out on great hires and hiring those you should
When people set their BHAG (Big Hairy Audacious Goal) if at all possible it should not only inspire them, but inspire others.
One of my realtor clients has a BHAG of helping 500 immigrants to become 1st time home buyers by 2030. When she tells people they immediately want to
@SMB_Attorney
The Wegman’s people have gathered their pitch forks and are at the gate! I dated a girl in college, 2003, who worked for a Wegman’s…I swear she would have gone to war for that place.
@jackiekenoyer
You go. I don’t know anyone on their death bed regretting the money they spent on an experience. This is easy for me to say as a person who has always been in sales and could go the extra mile to make the money back. I definitely wasted money on silly things along the way, but
@RebeccaChasen
He is so talented but it says something when you’re willing to risk missing the dunk to make it look cool. Doing it in a playoff game is worse. That mindset permeates everything you do as a person, not just a player.
@TheMattViera
Please direct me to the twitter account for the millionaire who took time off to travel the world and then regretted it. I have been searching and searching and I can’t find it. 🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️
@LeadershipAcad1
Quarterly until that seems like a waste of time. In my experience doing it quarterly actually saves time and money in comparison to doing it annually.
I’m on this app, a successful real estate investor, trying to teach people how to build wealth FOR FREE. Spent my whole career in real estate finance. And half my time on here is spent arguing with people who currently rent and are broke telling me I’m an idiot. I love this place
@oldheadaports
@BenRitholtzNBA
His +/- in the second half was negative because he was exhausted and ineffective. Better to have Embiid at his best for 16 minutes in a half so he can actually win those than compromised for 24 min. There is a reason coaches rest their stars. If you want a debate let’s do it.
@FinanceMaster06
@Guyon_FIRE
You can do it in less time if you’re willing to adopt a new playbook! I have made 7 figures, lost it, and made it again…all before 40. Are you committed to building wealth or to continuing your current plan? Either is OK, but make sure you are choosing consciously!
@Diyetfinvesting
This is a conversation about the word significant and not one about money. 😀For most people this is more than needed and less than wanted. I guess that’s significant.
@redamon8
@JonFlynnREstats
When you own you take advantage of inflation and when you rent you get ravaged by it. Show me a person who owned a piece of real estate for 30 years and regretted it.
@bnewsreader24
@JonFlynnREstats
That isn’t what I was saying/meant. The original post insinuated the down payment was money that you needed to give to the bank to get a loan. My point is that it would be more accurate to saying you are paying that to the seller or even yourself in the form of equity.
@collin_ruth89
I think both things can be true. No one should be paying more than they owe, but I do think people should be proud to pay what they owe. I think most American entrepreneurs would agree that being in America had a positive impact on their success, taxes are the cost.
@trentjhughes
100%. When people set their BHAG, if at all possible it should not only inspire them, but inspire others. One of my realtor clients has a BHAG of helping 500 immigrants to become 1st time home buyers by 2030. When she tells people they immediately want to help and start thinking
@Joss1392
@DeeElek
@JonFlynnREstats
Except that doesn’t factor the appreciation of the house, the rent going up every year, the opportunity to refinance the house when rates go down. The ability to borrow against the house for other investments, etc. I beg you to zoom out and think about how much changes in 30
@DeeElek
@JonFlynnREstats
What should I be saying about those things? That they suck? The reality is that even with those, if you can, you should buy. That doesn’t mean it doesn’t suck that everything costs so much…I’m giving advice because I am an expert and I care about people…that’s it!
@GuyTalksFinance
As a former mortgage executive I can introduce you to 100’s of millionaires who took out debt on their primaries to invest that money elsewhere. Most had families. They bought everything from investment properties to electricity bonds in Puerto Rico. Just adding perspective.
@sulemanali
If going to 40 years made much of a difference they would have already done it. Depending on rate the difference can be as little as $50 per month per 100k borrowed. 🤷🏻♂️🤷🏻♂️🤷🏻♂️
If you aren’t committed to making hiring off shore part of your strategy you will be left behind.
You can be mad about it. You can think it sucks. But if people aren’t going back to the office (they aren’t in many cases) then this is the future.
It’s not enough just to do it
@trentjhughes
The CEO is responsible for building the team and creating a culture where they can thrive. The leader matters MORE than people think, not less. Good teams can be ruined by the wrong leader and average teams can thrive with the right one.
@TKopelman
This is true for almost every type of coaching/advising in my experience. Coaches always have a coach, but the guy who knows nothing thinks he will figure it out on his own.
5. Just being willing to try your best in public makes you more qualified for success than the vast majority of people. I see lots of successful people who obsess about the haters, I don't even notice mine if I have any. I see supporters everywhere! Look for yours!
Can someone please explain to me, like I’m stupid, how Haliburton is on Team USA and Brunson isn’t. When you see them on the same court isn’t not even close.
@ChaiAndCabin
As long as you’re OK with the obvious risks it’s a cool thing to do. It would make me feel good and if it doesn’t work out at least I know who I am dealing with. $1,000 is a small price to pay to find out someone isn’t trustworthy in business.
@TKopelman
Yes, and you will have a place to love and a house that is likely worth that much or more. You also will likely be able to refinance at a lower rate somewhere along the way…and while inflation will keep rising, along with your wages, your P+I payment will never go up. Right?
@Gra43048Mc
@RobbyMartini
@realEstateTrent
I’m completely out of the mortgage business and I’m not “pushing” anything. I was just trying to help people on X understand the math behind their mortgages. I’m not sure why this is upsetting to you. Have a wonderful day! 😀
@trentjhughes
The obvious answer is it depends, but working with part-time founders has been a struggle. The difference between 20 hours per week versus 50 hours per week slows growth more than the 60% you would expect. Nothing replaces the urgency that comes with NEEDING to make something
@SteviB_nash
@GiaMMacool
I’ve been with my wife for almost 18 happy years and for me, the way she does it is the best way. I was sh*t testing this post because I enjoy Gia’s takes even when I disagree. 😀
@collin_ruth89
You will still likely lose half of everything you build once you are married. The prenup only applies to what you brought into the marriage. Once you’re married you are partners, and if you don’t like that don’t get married.
@Elle_ev8tion
@gregtalburt
@JonFlynnREstats
Except that we all end up paying those costs whether we rent or buy. Those cost increases get passed along to renters. If not immediately then in short order.
@realEstateTrent
I can’t say you’re wrong but that does strike me as cynical. Are we talking about people we know as well as strangers, or just strangers? When one of my companies launches a new product I often ask potential customers for their opinion and their answers. I’d like to think we
@CascadingKrill
@AllieWag
@JonFlynnREstats
Over a long enough timeline they have. Forever. Unless there is rapid population decline or all assets decline greatly in value, home prices will go up. Even when home prices went down during the financial crisis, stock prices went down by much more.
@rohit_thinks
Why stop working if you aren’t going to enjoy your retirement? I know not everyone enjoys their work the way I do, but I would much rather work than sit around and wait to get older not doing fun stuff.
Thread: 2-Whether their sphere is intentionally not being supportive, or their version of being supportive is saying things like "are you sure you want to take such a big risk?" it seems like many entrepreneurs have trouble finding support.
@Financialplgrm
#1
. The game is rigged in favor of having a mortgage and refinancing when rates go down. Tax breaks and the investment opportunities disincentive paying off the mortgage.
@realfrugalmogul
Both things can be true. I asked my wife what kind of diamond she would want 6 months into our relationship as a hypothetical and proposed years later. We had discussed getting married, but the timing was a complete surprise.
@Smith_CourtneyM
@trentjhughes
Absolutely! The goal should be profit or at a minimum should include minimums for profit. Setting a 100mm rev goal on its own creates bad incentives that most only got away with because we had very low rates for a very long time. Doesn't work in this environment at all.
@CrooklynKnight
@DJTrakstar
Clearly you haven’t been watching the Knicks the last 2 years. Forget comparing anyone to Kyrie who is 1 of a kind…Brunson has been a world class leader for the Knicks this year. Without him this team would win 30 games.
Thread: 1-Quick question for you. I see A TON of posts in my feed from people talking about the lack of support they get from their from their friends and family when becoming an entrepreneur.
Really fun thread from the man who took a pill in Ibiza. If you ever feel stuck please remember that things change and the strongest people ask for help!
on my 26th birthday, i wrote I Took A Pill in Ibiza…10 years ago. The song became popular several years after i wrote it. Yesterday i celebrated my 36th birthday. i feel proud to look at the song lyrics and know that NONE of them are true anymore. I’ve grown into a completely