Speaker - Author - Advisor. Florida Commercial Real Estate sales and aspiring developer.
Joined March 2009
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turns out @SouthStateBank is on the bandwagon of "tell us why you want to send money"
*** it's none if your damn business!
for a few hundred bucks on a @Zelle transaction, they're about to lose many hundreds of thousands of my business, and probably everyone that sees this.
’Twas the night before kickoff, and all through the land,
Not a stadium stirring, not even the band.
The helmets were polished, the jerseys laid out,
While fans dreamed of touchdowns and what-ifs throughout.
The flags had been hung from the front porch with care,
In hopes that a championship soon would be theirs.
The coolers stood ready, the smoker was set,
And everyone’s undefeated. At least for one night yet.
The students were restless, the old grads the same,
Already rehearsing each chant by its name.
From Gainesville to Athens, from Austin to State,
Tomorrow meant football. Tonight we could wait.
The tailgates sat quiet. The parking lots bare.
But you almost could smell what would soon fill the air.
The charcoal. The bourbon. The burgers. The pride.
Old friends wearing colors and standing side by side.
Soon GameDay would wake us. The fight songs would play.
The bands would come marching. It finally was Saturday.
There’d be upsets and blowouts and questionable calls,
And somebody screaming, “HE WAS IN!” at their walls.
There’d be third-and-long prayers and fourth-quarter dread,
And coaches whose play calls we’d question instead.
There’d be rankings destroyed before Labor Day night,
And one fan somewhere saying, “The refs got it right.”
For months we have waited. No Saturdays quite
Feel the same without football from noon until night.
But the waiting is over. The season is here.
With rivalries, touchdowns, traditions and beer.
So hang up your colors. Get everything right.
Set the coffee for morning and sleep well tonight.
For tomorrow the stadiums thunder once more…
Happy kickoff to all, and to all a good score.
One million seconds is about 12 days, one billion seconds is nearly 32 years, and one trillion seconds spans over 31,000 years.
My 2 favorite things about real estate:
1. It’s a a unique world where successful people love to help others become successful too
2. There’s ALWAYS more to learn
Bonus: you can learn in the sauna
That fight was way weird…
1. the announcers mentioning twice about a $900k bet on Max right before they fight
2. The “we’re not speculating about a pre-existing injury”
Anyone notice that?
If you 80/20 the 80/20 that you already 80/20’d in the beginning,
You’ll have cut 99.2% of what you’re currently doing.
What is your .8% right now?
Do more more of that
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
People often talk about regret, and I don’t have many.
But one thing I do regrets is moving through locations too quickly.
People dream their life of going to Prague, I’ve been there multiple times and couldn’t tell you a thing about it beyond the hotel, the club and the train station.
Whatever you’re doing, take a minute to enjoy it - and have gratitude for the blessings in real time.
(Marketing pic from back in the day)
As incredible as this is all around, I can’t help thinking of how the international fighters feel.
Look at Lopes. Brazilian being cheered at the White House.
How cool is this for them?!
I spent 25+ traveling internationally to play music.
If I ever DJ again, it will be for this concept.
It has to be New York, Miami, Madrid, London or Zurich…
Promoters or club owners, friends in these cities… let me know.
A seller just omitted $17,528 in annual property taxes from their P&L.
Not one year. Every year in the package.
This wasn't buried in a footnote. It simply wasn't there. A commercial property generating $140,000 in revenue with zero property tax expense across three years of compiled financials.
We caught it the same day we received the package — by pulling the county property appraiser records and running their public tax estimator tool. Both are free. Both are public. It took minutes.
Here's what that omission actually did to the deal:
Seller's reported NOI: $74,809
Corrected NOI (current taxes applied): $57,281
And it gets worse. On a commercial acquisition, the tax assessment resets at closing based on the purchase price. The county's own estimator projected the post-sale annual tax bill at $26,845–$29,395 — nearly $12,000 more than the bill that wasn't even disclosed.
Post-close corrected NOI: ~$41,000
Cap rate at ask — as presented: ~5.0%
Cap rate at ask — post-close reality: 2.74%
The seller was pricing the deal at double what the income stream actually supports.
This is the kind of thing that doesn't show up if you're underwriting off the package alone.
Always pull the tax record. Always run the estimator. The data is public and the county will tell you exactly what you're walking into.
This is what’s happening up I75 north of Tampa.
Land and development deals are penciling hard
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