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Artem Tepler | R.E. Developer Profile picture
@ArtemTepler
Apr 24 • 4 tweets • 2 min read Twitter logo Read on Twitter
thefamilyofficegroup.com Anyone ever deal with these guys? A guy named "Frank White" reached out and wanted $100k up front fee for the pleasure of introducing us to you his network of family offices. I told him his pitch sounds like a scam, initial reach out was by "David Smith".… twitter.com/i/web/status/1…
No phone number on the website, no staff, just a Class C office builidng in fancy "Greenwhich CT" listed.
Just searched by my emails and the used to email from a different email address even back in 2018:"Paul/Artem,

I am reaching out to you on behalf of several of our family offices who passed me a note on Schon Tepler Group but they didn’t know if you’re currently raising a fund… twitter.com/i/web/status/1…
The 2018 emails used to come from "@marcusevansny.com" domain for "The Family Office Group"

mahanyertl.com/2011/marcus-ev…

complaintsboard.com/marcus-evans-t…

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More from @ArtemTepler

Artem Tepler | R.E. Developer Profile picture
Apr 24
"The Bid Decisions and Considerations of Real Estate Career Planning" presentation to @Columbia University.

by Jared Brenner-Goldstein @TheNotoriousJBG Image
Image
Image
Read 24 tweets
Artem Tepler | R.E. Developer Profile picture
Apr 19
We toured an interesting building today, developed by "Housing Diversity"/Brad Padden.

$6/sq ft rents, no parking
Average unit size: approximately 361 sq ft
Rents in the $2,000-$2,500 range
Address: 6762 Hawthorne Ave, Hollywood CA
41,489 sq ft (gross)
360 sq ft retail
7,437 sq… twitter.com/i/web/status/1…
housingdiversity.com/project/1621-n…
This is the perfect comp for our OZ project we're doing in Hollywood.

I suggest all local developers check this out.
Read 4 tweets
Artem Tepler | R.E. Developer Profile picture
Mar 28
Chat GPT to Estimate Construction Costs:

Input: James Hardie Artisan V Groove Siding - the Coverage area of each piece of siding is = 8.25 inches x 144 inches, costing $45.70 per piece. How much does it cost per ft, assuming 9.5% CA tax rate on materials and....
the sub-subcontractor charges $5 per ft for install? Assume 10% waste.

Output: To calculate the cost per square foot for James Hardie Artisan V Groove Siding, including 9.5% CA tax, 10% waste, and $5/ft for installation:
Calculate total cost per piece: $45.70 * 1.095 = $50.0415
Calculate cost per sq. ft: $50.0415 / 8.25 sq. ft = $6.0632
Adjust for waste: $6.0632 * 1.1 = $6.6695
Add installation cost: $6.6695 + $5 = $11.6695
The total cost per square foot is approximately $11.67.
Read 8 tweets
Artem Tepler | R.E. Developer Profile picture
Mar 27
PSA: Males over 40, check your testosterone levels, 300 might be in the "normal" range but it's far from optimal, optimal is the upper 1/3rd of the normal range. I've been on TRT for years and it's one of the best decisions I've ever made.
I keep my testosterone in the 900-1100 range and estrogen in the 25-30 range. Find a doctor that understands this subject.
lifeextension.com/magazine/2021/…
Read 4 tweets
Artem Tepler | R.E. Developer Profile picture
Mar 24
Case Study: "Creating the Downpayment"

The following is a 13-unit, 1-bedroom townhome project.

We "created the downpayment" by generating enough equity to withdraw 100% of our original investment upon stabilization.
We completed the project without any general contractor (GC) or developer fees. 50/50 split over zero preferred return.

With all the cash-out, it's an infinite Cash on Cash return.

We continue to own the property with our partners and plan to do so indefinitely.
Having completed close to 30 similar projects, we likely won't undertake a project of this small scale again. This 10,000-square-foot project requires the same amount of effort and management as a 30,000 sq. ft project, and even though we've never completed one, it's taking...
Read 5 tweets
Artem Tepler | R.E. Developer Profile picture
Mar 23
"Create the Downpayment" - Most people investing in real estate rely on external income, pay taxes, and then use those after-tax dollars as a downpayment to purchase the property. That's not very efficient. 👇
While flipping homes, I discovered we could "force appreciation" and "create the downpayment" through construction. This means generating value by buying right and improving the property.
We applied the same idea to development, focusing on the margin we create or the % equity generated. For example, if we build a project and we're all in at $7M on a $10M building, we've effectively created a $3M downpayment to leave in the deal.
Read 4 tweets

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