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Conversation

I personally guarantee $44 million of debt floating at 30 bps over WSJP. 1.5% more expensive than it was 3 months ago. Thats $660k per year. $1,800 per day. $75 per hour 24 hrs a day. Gonna hit us with another $330k a year in a few wks. Still wanna be a real estate investor?

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In the near term this stings. Less cash in my investors / my pocket. Over the next 10 years, its a good thing. More opportunities to buy great assets and operate them better than anyone else in the business.

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I'm doing a full write up on this on my newsletter tomorrow morning. What we think will happen, how we're combatting it, and the different situations we see playing out: sweatystartup.ck.page

1:20 AM · Jun 17, 2022

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What did you think? What am I missing?

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