Salt Lake City based Real Estate Developer

Salt Lake City, UT
Joined September 2021
Hit 5,000 followers a few weeks ago, so reintroduction for the new people. Developer/Sponsor in Salt Lake City, started off flipping houses and brokering cre Currently building/buying a variety of asset classes within a drive from my house Current portfolio & pipeline is about $30M +/- • 7.75 acre retail development -build to suit gas station -multi tenant retail - flex industrial in the back • 19,200 SF spec industrial building, small bays, 980-1680 SF - 4,096 SF existing office building • 42,000 SF of self storage and industrial • 12 townhomes built ground up • 16 units of value add apartments • 7 townhomes in planning Plans for ‘25 are much of the same: industrial, retail, storage, and residential. Maybe bringing construction and property management in house, but the last two are probably a ‘26 item I have a podcast where I share what I’ve learned from people much smarter than me, and a mailing list for more details on what’s going on in the market. Both 🔗 are in the bio.
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Frisbees have been caught
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I’m going to do a 1031 exchange in this economy AMA
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This chart doesn’t surprise me because it is pretty accurate to the median home price of when you were/are 25 in these generations
I’ve been thinking about crazy Gen Z salary expectations. This was big a little while ago. In case you missed it — here’s what different generations consider a “successful income”:
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Going to start adding “sponsor healthcare benefits” to my operating agreement’s manager compensation section on future deals
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An update
On date #5 with this girl. At what point should I bring up my opinions that A) american fire trucks are too big B) data centers are great
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Tanner Webster retweeted
The real dating advice twitter needs today
Replying to @DallasAptGP
“So there are only two times in life that you get a step up in basis, one is when you die, the other is called an opportunity zone. They just released the new map do you want to see it?”
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On date #5 with this girl. At what point should I bring up my opinions that A) american fire trucks are too big B) data centers are great
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The only photo I got from @ReconveneLA was @DallasAptGP giving us the gospel of opportunity zone 2.0. Felt like the last supper for tax efficient investing strategies A great time per usual, my 5th year going and it somehow gets better every year. Speakers were amazing, the hospitality provided was a lesson in itself. Big thanks to @moseskagan and @SimranKagan for hosting!
🤖 Made with AI
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Tanner Webster retweeted
“I’d rather have a gerbil, than a gpu in my house” - @utekkare Dinners at @ReconveneLA are the best.
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$22M under contract now. Really hoping we can sell these paper lots before the housing market collapses
Feeling good about pipeline rn Selling $12.4M by EOY (🤞🏻) UC to buy $15.8M over the next 12 months And got a listing agreement signed for two duplexes
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Feeling good about pipeline rn Selling $12.4M by EOY (🤞🏻) UC to buy $15.8M over the next 12 months And got a listing agreement signed for two duplexes
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Tanner Webster retweeted
I'm extremely close to taking an acquisitions role with a certain shop. being on your own below a certain scale you're basically a starving artist. all that to say: if anyone wants a shot at me before i disappear full-time into a suburban office park, now's your chance. I've looked at all kinds of ways to put food on the table and am still open to suggestions, given my skillset over the years, but it's time for me to get real about money. My wife won't let us live in a trailer park and use reusable diapers so that I can "chase deals on my own" all day
Confession (which I suspect will resonate with many of you): As late as '17-'18, when we had ~$100MM in assets under management, I was still occasionally secretly browsing LinkedIn jobs, fantasizing about a highly paid W2.
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Going non refundable on six figures of earnest money in a time like this. Wish us luck.
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If the 10 year keeps up this pace it will be at 14% by June. Concerning
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Finally some good press for the real estate developer crowd. Thank you, Trevor Lee!
ICYMI: Utah Rep. @VoteTrevorLee is facing four felony charges for allegedly falsifying a million dollar loan application and has resigned from his House seat. One of the businessmen who spurred the investigation also claims that Lee promised a government contract to pay back cash advances he was given. So why no charges for that? One local attorney weighs in. abc4.com/news/trevor-lee-res…
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I’m afraid Utah man is just Florida man for financial crimes
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All done with construction. Need to lease one more space
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Evergreen tweet
Every year for tax prep my accountant asks when I’m married. Feels like I’m starting to let him down.
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Another lease signed today. $21 NNN. Good work team @IOSKingSLC
Did a very poor job of updating along the way, but we are now complete
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Great success. Thanks to everyone who came out! Debrief: - @m2000chan is coming out wide with his multi dev site so now I’ll finally have a chance (I have no chance) - @hitsamty has his first LIVE @thepromotepod eppy coming up that he said I may or may not get invited to - I’ll take what I can get - Tommy Y wouldn’t disclose his burner but finally sharing his Jersey city connect to help me w/ entitlements - @Stuart_Allan has a way for me to buy a single family home for half off …. and my mind is blown 🤯 - @RandallHouseRE is the undisputed CRE king of NW Arkansas but wants to start investing closer to home (send him dealz in metro ny!) - @twallyweb is about to win his first RFP ever (I can feel it) and I’m already jealous (I’ve lost 5/5) - many chirping about @chernobelskiy gplp conference 🤌🏽🤌🏽🤌🏽
Last call !! NYC ReTwit meet up tonight. Got a solid crew so far. 📍 midtown east ⏰ 5:30 DM me and I’ll add you to the cal invite !!
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