Most real estate investors spend little time thinking about investing frameworks or behavioral investing biases.

Average RE Investor: "I see building, I buy building"

That usually works. But why not sharpen the saw a bit?

Top 10 RE investing biases to look out for: ⬇️ 1. Max Leverage Bias

Just because the NOI can support higher debt proceeds, doesn’t mean that is what’s best for you or the asset.

If you’re a sponsor, no need to push leverage to max the promote. You can pitch a lower risk deal with a lower hurdle rate. Avoid blow-up risk.

How to Build - Or Find - A Real Estate Compounder.

You’ll need the following:

(thread below) A Niche Business Model Where:

• Demand is outpacing supply (constrained market)
• Tenants are “pot committed” (sticky customers)
• Organic income grows regardless of economic cycle

This week the largest mobile home park owner decided to become the largest marina owner...

…because, why not?

Sun Communities ($SUI) announced a $2.1 Billion acquisition of Safe Harbor Marinas.

Quick research thread below: Too early to tell how accretive this will over the long-term, but our initial take is positive.

- Sun running out of large mhp portfolios to buy
- PE firms are pushing park cap rates to sub 4%
- Should return high 6% yield year one

(Sun’s dividend is only 2%)