Casey Mericle @CaseyMericle
Real Estate Degenerate. Opinions are free the foolishness you’ll pay for. DM like you own the place. linktr.ee/caseymericle Flyover Country Joined March 2012-
Tweets74K
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Followers35K
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Following2K
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Likes194K
Is it too soon to turn off the game?
@gas_biz @PastorOilsheen You almost made me spit out my drink
@SideHustle_LP @REExchangor Where have you been? I’ve missed you
Lessons from deal junkie 1. Don’t lose money 2. See rule #1 3. You can’t do a good deal with a bad person 4. Always let it be their idea 5. The property, location and basis doesn’t matter the financing does 6. Things won’t always go your way, how you handle that determines your next paycheck 7. Don’t partner with people who don’t understand integrity and grace 8. When people show you who they are, believe them 9. Greed kills more deals than lawyers 10. The biggest distress in real estate is management 11. Banks are the # 1 cause of bankruptcy 12. In God we trust & all there’s most furnish collateral 13. You can make a deal in any market, but at times it’s hard to find buyers or sellers 14. Never ID in a 1031 exchange until the 45th day 15. DSTs are for suckers who don’t read the fee section 16. Sellers are the cheapest money you’ll ever get 17. Debt is cheaper than equity (hard money loans are much cheaper) 18. A great partner is worth their weight in gold 19. A bad partner should be removed expeditiously 20. Don’t buy…lend, trade, lease or option 21. The velocity of money is everything 22. Your partner’s gonna take half. His name is Uncle Sam 21. Wrapping a loan can make ya 20% faster than you can buy a 20% cap 22. Debt yields > equity yields 23. Saying “You’re right” is how you win a negotiation 24. Safety before yield 25. Walking debt may be the greatest RE move known to man followed closely by options 26. Amortization is a hidden profit center 27. Equity is like sex appeal everyone thinks they have more than they do 28. You dance with the people, not with the properties 29. Always TIC in if with partners 30. The sooner you realize there’s a lifetime value to a partner that’s 10X the current deal the better you’ll be 31. Losing a small amount of money today can compound into millions of dollars in 10 years 32. There’s a deal beyond the deal 33. Share the sugar
@REExchangor They’re free and clear now and already tried that but thank you
Looking for the following in Colorado DM if you have this 1. Cash flowing prop $1.5-$3M preference if seller will finance or trade with substantial down 2. Prob prop that needs $600-$900K to fix the issue 3. Someone that has Colorado prop they can deliver free & clear in exchange for a hard money loan up to $900K Whatcha got?
Everyone with a house for sale is looking for money. But... No everyone with money is looking to buy a house. Let alone your house. If you're having trouble selling your house for money, maybe consider accepting besides cash for it. You might just get what you want for it.
@KTG_CRE What would you want me to pay you for 6 months of work?
@Dirtdog @resetbasis @nikitabier He’s just mad their burgers are better than In-n-Out
@CreateNotesOnRE @thmoneycircle @REExchangor Philip is smart, you should listen to Philip
@honeymstardgas @thmoneycircle @REExchangor Yes Lemme give ya the names of some people @REExchangor @CreateNotesOnRE @CaseyMericle
This is a great story I like Larry’s style
A buyer demanded $2.5M off the price the day before contingencies expired. Larry Taylor told him: "Don't let the door hit you on the way out." Then he tore the building down and sold the land for $110.2 million. The story behind the best deal of his 52-year career: In the
This is sneaky good You should read it
@thmoneycircle What @REExchangor said Ish… Give $20K down & seller receives a $130K walkable note against a different property 185 payments of $700/month Say they ask ya for $40K down instead Say yes Have a note buyer purchase the 1st 50 payments for $20K Now you got 4 years with no
@Matt_Titan_ @ChrisTwiggsPM Do you recoup the cost after the lawyer?
@Thejimmers13 @CarolWalshReal1 Appraisals come back at the value banks say they come back as 😂
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