Can AI run your ENTIRE due diligence process on your next CRE acquisition?
Well no, it can’t do that. But it can definitely help.
Here’s how to use ChatGPT to help with commercial real estate due diligence.
🧵
1. Go to tertiary market
2. Find a product type that’s profitable to build
3. Check zoning code and figure out the zoning that allows for that product type
4. Reach out to every property zoned for that use but currently operating as a *different* use
5. Buy, profit
// THREAD //…
If you see a great deal, offer full-price, fast. It doesn’t matter that you think you can save $50k if you come in a bit lower.
Don’t play games. Get the deal now.
Just closed on 135,000ft2 of former Sam's Club glory. Looking for ideas and partners to put this site to work!
- 12 Acres
- 6 Docks
- High Ceilings
- Good Column Spacing
I love big buildings, so this one will be super fun..
#retwit#realestateinvesting
The deals right now in multi aren't from the guys who took on 85% LTV bridge-debt. those guys are too far underwater that their lenders haven't figured out what to do yet. Equity + partial debt wipe out.
The deals right now are coming from the guys that took on 70% LTV floating…
A high-profile office building in Fort Worth, Texas is facing foreclosure.
The Oil & Gas building.
Located in downtown Fort Worth.
It was purchased a year ago.
The initial business plan was to convert the building from office to multifamily.
The sponsor financed the…
The commercial real estate meltdown in San Francisco continues
The former Twitter HQ located in SoMa is hitting the market at huge 'discount'
The 187k sq ft building is expected to be offered at ~$50M, or $275 per sq ft
What did the seller pay for the building in 2013?…
Having an edge is a huge factor to apartment investing.
Here's one of mine. Sub 2 minute read, would love your feedback.
Income ($60k+) & Home Values ($250k+) are my primary filters for where I'll target to buy more apartments. By Zip Code only.
Using a 1, 3, or 5 mile…
It was just reported that the family that owns Wawa owns a 53% stake in the company giving them a mind-blowing net worth of $6 billion 🤯
Their customers reportedly spend nearly double the industry average per visit
What on EARTH is Wawa doing right/better than other…
The big question: Can you actually use AI to get a commercial real estate deal done?
Google Bard is now tied into Google maps data, making it a killer tool for leads.
Here’s how you can use it to find tenants and buyers:
🧵
#crex#retwit#ai#googlebard#GenAI
Think people go about choosing a market all wrong. RE investors make money on mispricings
Smaller mkt=less competition=less price discovery=more mispricings=easier to generate outsized returns
So your main criteria for a mkt should be "place with the least competition"
THREAD:…
I hate to publicly admit it and create competition for myself but there are some very good opps opening up in commercial real estate
As most of my followers know, I've been following and doing deals in the NNN space for the last 7-8 yrs
But this is the first time in a while…
🔮 What's on the horizon for #CRE in 2024? From #AI changing workflows to a push into affordable housing, head to Crexi Insights to learn more about our 2024 predictions here: bit.ly/49lwqw3.
Sharing my losses.
I lost a listing that I've been working on for the last 12 months.
This one stung. I spent:
- 10 hours with city planning committee discussing all the possibilities for the land value
- 15 hours underwriting the property
- 10 hours looking at comps
- 15…
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