Andrew Jeffery
@credealjunkie
20+ years in CRE, GP on 30 deals, still learning. Sharing wisdom, blunders, and live deal insights. San Francisco landlord by choice. Once a runner, now a dad.
For many young and ambitious GPs, institutional capital is the north star. Just land a brand name PE firm and your capital raising troubles are over! Predictably, it's not that simple. Here's all you have to do to land that capital partner even your mom's heard of: 👇 -…
Thanks to AirBnB, vacation is now also: - grocery shopping - cooking - washing dishes - cleaning - doing laundry - showering without soap - drinking yours friends’ lousy coffee - being woken up by your friends’ loud A kids Thanks guys!
Would be cool for cities to allow private citizens to inject capital into specific neighborhoods to support hyper-local economic development perhaps via property owners looking to rehabilitate dilapidated buildings, especially housing.
What’s the definition of a real estate cycle? A % up or down in prices? Time? Some shift in fundamentals? We talk about cycles all the time but they’re pretty ill-defined.
Have reached the point of the cycle where preemptive offers over asking are being ignored. FML
My son’s 8th bday is tomorrow. Tonight I said to him: “Are you excited for your birthday tomorrow buddy?” “Yes dad, but also no.” “Hmm, why no?” “Because I don’t want to get old and die.” Nobody does buddy, nobody does.
I propose we excommunicate Time Shares from the definition of “commercial real estate.” What else can we kick out to purify the brand?
The best thing about playing in the subinstitutional CRE space is that you’re usually competing with total amateurs. The worst thing about playing in the subinstitutional CRE space is that you’re usually competing with total amateurs.
“I’m super organized. You should see how many my Google Sheets have.” If someone says this during an interview, immediate non-hire, right?
In another life, I think I would have enjoyed international business travel. A buddy of mine does this, brutal schedule. But he gets paid very well for it. With a wife and kids there isn’t enough money in the world. Good for him, not for me. CDMX
If you’re a professional real estate investor planning to retrade a deal for anything less than 5% of the purchase price, I promise it’s not worth it.
Just remember that someone, somewhere, chose this carpet. You’re doing just fine.
Lotta people are saying “take them to poor countries so they appreciate what they have.” They’re kids, doesn’t work that way. They don’t think like that. Takes a lot more to build humility and empathy.
My kids are 10 and 8 and no longer horrible to travel with. And I’ve reached the following (high class) dilemma: How to take them all over the world without creating insufferable little brats. (especially because where I live most kids have never even been on a plane)
The smart way to make a round house out of wood (ask me about the stupid way)
Great thing about staying with architect friends: beautiful design. Annoying thing: house always under construction.
My kids are 10 and 8 and no longer horrible to travel with. And I’ve reached the following (high class) dilemma: How to take them all over the world without creating insufferable little brats. (especially because where I live most kids have never even been on a plane)
