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Levi

28 Nov, 34 tweets, 3 min read

I have bought and built $400M of real estate from Addis Ababa to Austin.

After a few epic strike outs early on I began recording the lessons I learned to avoid repeat mistakes.

Here are 30 simple lessons for success in business & life. 👇

A great life is about doing meaningful things with people you love. Optimize for this and you can’t fail.

Your integrity is more important than your popularity.

Assets feed you family, liabilities steal from them. Try to spend most of your money to buy assets.

Don’t ignore your emotions—each one contains an important message.

Your thoughts & feelings are like traffic on the freeway — watch it pass, but don't get in every car that goes by.

If you don’t want to waste your days, learn to delegate urgent items and horde important ones.

Most of us need to care less about what people think of us and more about what we think of ourselves.

You will repeat all of the mistakes that you do not own.

Be a genius maker, not a genius.

Don’t overthink things. Simpler explanations are more likely to be true than complicated ones.

Fights are costly and unpredictable. Pick them carefully and learn the delicate art of walking away peacefully.

Never attribute to malice that which can be adequately explained by stupidity. -Hanlon’s Razor

It’s true: Bigger deals really are easier.

The best way to meet amazing people is to be amazing.

Learn the difference between leverage and debt.

It’s not ideas OR execution—it’s both.

Seek to own things that are both scarce and create cashflow. Then simply hold.

Take time to study and understand the sunk cost fallacy: Humans overvalue that which we have already invested in. Learn to nix this crap and you will gain an edge.

Live an epic life. Spend your money on experiences with those you love, not things.

Write a to-do list each day, then ask: What is the one thing that I can do to make everything else easy or unnecessary?

We have no control over others’ behavior, but complete control over how we respond to it.

Separate facts from feelings and you will be ahead of 90% of the population.

Be a generalist if you want to be mediocre. Specialize if you want to be great.

Seneca once said: If one does not know to which port one is sailing no wind is favorable. Do you know where you are headed?

Learn to tell the difference between cultural customs and laws of nature. Ignore the first and respect the latter.

A good therapist can deliver the highest ROI of any investment available to you.

99% of investing is doing nothing. Trust that time in market really beats timing the market and you’ll win twice: You have more peace & make more money.

Read these three books (they changed my life):
Man’s Search for Meaning by Viktor Frankyl
Essentialism by Greg McKeown
Endurance by Alfred Lansing

Don’t mistake motion for progress. Focus on results, not activity.

Set clear boundaries with others. Cut out those who don’t respect them.

Record your dead-ends and missteps then create a list of mental models from lessons learned. Experience is gained not by living, but by processing what we have been through.

@levijameshere

If you liked this list, follow @levijameshere then hop back up to the top and share the thread! Thank you!

@camp4

Shoutout to @camp4 for his help in clarifying these thoughts. The man is a true legend.

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More from @Levijameshere

Levi

@Levijameshere

10 Nov

Harbor Capital set our target for 2022 acquisitions and I am pretty amped about it. 🚀 I shared the goal with our investors in an email titled: "The relentless pursuit of a market-beating strategy" I started out by telling some of my story. Here is a shortened version. 👇

In 2019, I decided to sell off my position in a large multi-family development company along with a slew of other assets and businesses that I had started.

I wanted to direct all my energy toward building a hyper-focused industrial real estate investment firm that would own and operate a portfolio of real estate assets to beat the market for myself and our investors.

Read 17 tweets

Levi

@Levijameshere

2 Nov

Hey new parents. It’s me your future self. Go open a 529 account and put a painful amount of money in there. You don’t need a $1000 stroller, you need a college fund.

Ok, so thanks for all the DMs and replies. Hearing you all loud and clear that 529's are not the only option out there, and also it's cute how many many of you think you are going to beat the market 100% of the time.

I wholeheartedly disagree! I want my kids to have options for college, and I don't want to be stressed about it. Put money away in a great 529 plan when they are born and let it ride.

Read 4 tweets

Levi

@Levijameshere

1 Nov

I can't believe we are actually doing this... Feels totally surreal. But Harbor Captial shut down our new investor signup portal today. Instead, we are moving to a waitlist system. We hope to begin adding new investors again sometime in 2022.

We strive to onboard investors with a high-quality process and doing so for hundreds of new investors each month has been using too much of the Harbor Capital team's time and taking away from managing our deal pipeline.

While a large investor pool is simply fantastic🚀, we already have a far larger list than our current deal flow can accommodate, and we are going to keep our energy focused in the right areas at the right time as we grow Harbor Capital.

Read 4 tweets

Levi

@Levijameshere

31 Oct

I’ve been thinking a lot lately about kids and money. I grew up dirt poor, in a family where money was an uncomfortable and off-limits topic. Wealthy people were considered selfish and bad.

We have 4 kids 12-20yrs old and are constantly grappling with where to place the line between spoiling and empowering.

I used to think if I gave my kids too much I was taking away their ability to learn the value of a dollar and how to fight for what they want/need in life.

Read 9 tweets

Levi

@Levijameshere

29 Oct

I’ve been captivated/fascinated with the idea of creating a new podcast for the real estate Twitter community with a build-in-public model.

I’m thankful (and a bit overwhelmed) with the response to my post this week about the search for a podcast co-host. Having not been able to keep up with messages, I figured we would add a fun twist to the next step in this journey.

@camp4

I thought @camp4’s idea to do a trial episode with potential co-hosts was great. To make it even more fun we are going to do a competition in here so that we won’t miss out on any great people who might get overlooked.

Read 8 tweets

Levi

@Levijameshere

26 Oct

A few interesting facts about the state of industrial leasing in America:

Prologis, a real estate investment trust based in San Francisco, reported that its portfolio was 98% leased in the third quarter and projected that rents in the United States would increase 19% for the year, after jumping 7% in the third quarter alone.

First Industrial Realty Trust Inc., a Chicago-based REIT, said nearly one-third of its tenants with leases up for renewal in 2022 have already extended their contracts at rental rates averaging 23% higher than current rates.

Read 6 tweets

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