Mario E. Brown Profile picture
Feb 2 12 tweets 7 min read
#REtwit Code of Conduct

Not an expert, but have had a couple of buddies ask me about “the rules” of RETwit, NO RULES just codes to tweet by!

#REtwit OG’s would you add anything else here ?

🧵🧵🧵🧵🧵
#REtwit Code of Conduct

1. Always be honest about the numbers you share. It doesn’t serve the community to have BULLSHIT values/profits/returns/ projections circulated.
#REtwit Code of Conduct

2. There are BIG players with small followings & small players w/ HUGE followings. Treat everyone squarely and use discretion.

Judge a RETwit profile by the content and quality of its questions & tweets, can’t hide stupid.
#REtwit Code of Conduct

3. If your a real estate professional, have a link in your bio. #RETwit is a social media community but it’s not just about likes and follows, folks on here are doing real business w/ other.
#REtwit Code of Conduct

4. Be yourself, RETwit isn’t Linked In.
#REtwit Code of Conduct

5. If your selling something, have some manners. At least give us some good subject matter content/insights/ info before STICKING IN a plug.
#REtwit Code of Conduct

6. Press to get (IRL) In Real Life with members of the community. 1 of the coolest professional events I have ever been to was from a connection I made in #REtwit. @REconveneLA

Tip- Have a random video chat with someone from the community each month.
#REtwit Code of Conduct

7. Keep it positive, don’t be an asshole. It’s social media.
8. #REtwit Code of Conduct

“Nuance is not the strength of the bird app. Assume you're talking to a real person and show them grace”

-@shiloebear
9. #REtwit Code of Conduct

“Don't interrupt the flow of successful market participants chopping it up.

Your "I agree" has zero value.

If they are stuck or wrong, jump in! Bonus points if you cite a source or resource.”

-@RussellLowery10
10. #REtwit Code of Conduct

“Be prepared to give and receive pushback and respectful disagreement to ideas and what you share

If you haven’t been ratio’ed by @moseskagan you’re not really on RETwit”

-@Aldigity
#REtwit Code of Conduct

11. “Add value and engage with others posts at least 5x if not 10x more than you post yourself.”

-@YonahWeiss

Simply put…..

After following code #9 from @RussellLowery10 leave It better than you found it, and give more than you take from #REtwit

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More from @marioEbrown

Jan 31
How I secured my first 1mm+ investor

I used to have a client come into a @D1Sports I managed in 2013.

Super Quiet -Never asked for much just came in/worked out/showered/ left.

At renewal I asked him what we could do better. He mentioned the cleanliness of the bathroom. 🧵🧵
B/c he was so easy and came to the same class each day,I decided to make sure he got this 1 thing.

I scheduled our cleaner to come in each day before his class and i checked it manually everyday I was there, right before he got there.
Sometimes I had to scramble to clean something missed

1 - sometimes toilets
2- sometimes mirrors
3- sometimes towels.

Every now and then I would make a joke about the cleaning, he would half smile and not give it much attention.
Read 7 tweets
Jan 18
Learn the multi family jargon.

Here is a BASELINE of

10 terms w/very simple examples you need to have a firm grasp of as you enter the space.

They are simple, not easy. 🤓

Early on, We did a lot of studying as we broke into the space, as always, “do what you have to do!”
1. Cap rate: The ratio of a property's net income to its purchase price.

Ex. An apartment building is purchased for $1,000,000 and generates $100,000 in net income each year. The cap rate is 10% (100,000 / 1,000,000).
2. Cash flow: The amount of money left over after all expenses have been paid.

Ex. A property generates $1,500 in rental income each month, and has monthly expenses of $1,000. The cash flow is $500 per month.
Read 11 tweets
Jan 16
NEWBIE TIPS- Single Family Investing #REtwit

Though I rarely buy single family homes anymore, for a time, it was all I did. Here are couple things that I learned

🧵🧵🧵
#1 SF Investing Tip- Set up a “buying farm” Robert Allen explains this well here. Easier to know everything about 1 area than chasing deals all over your city.

instagram.com/reel/Cgfck6FDr…
#2 SF Investing Tip- Drive Buying Farm once a week.

Look for sign of vacancy
- Tall Grass
- deferred maintenance
- no cars in driveway ( week to week)
-get to know neighbors
- look for any change of occupancy in the buying farm
Read 5 tweets
Sep 25, 2022
@REconveneLA Impressions 🧵

How do you scale thoughtfulness?

I was first exposed to @moseskagan a year ago via YouTube, he was interviewing @Keith_Wasserman. Sure, big ASS names but the conversation was different. It was thoughtful. Every inch @REconveneLA was just that.
After cornering @Nick_Keesee at a bar.😂

What most of us don’t talk about is how painful underwriting deal after deal is, particularly when you have the capital and operating ability while still bringing good energy to each new opportunity.

“we suffer for knowing the numbers”
@Yardbirds713TX

Super impressed with this Houston Oil & Gas/ RE guy. Him and his partner took a loss on a project in oil & gas (250k large)

He said something that HIT!

You can win with anyone, when you lose you find out who your PARTNERS are. Who can own it and learn from it.
Read 9 tweets

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