Brady McDonald
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah. If the bank was giving out loans, right? Like that was the other big problem. It's just everything tightened up the rules. So you couldn't, that was our option was to sell, but you know, the blessing in disguise was that we've had the portfolio for a while and we were buying right and renovating right. And we, so we had lots of equity.
Um, not necessarily because again, you max out at 10 mortgages anyway. It doesn't fucking matter how bankable you are.
Um, not necessarily because again, you max out at 10 mortgages anyway. It doesn't fucking matter how bankable you are.
Um, not necessarily because again, you max out at 10 mortgages anyway. It doesn't fucking matter how bankable you are.
Yeah. So what our strategy is just to liquidate. We've only got 17 properties left and then we're being a U and then we're becoming us tax citizen down here.
Yeah. So what our strategy is just to liquidate. We've only got 17 properties left and then we're being a U and then we're becoming us tax citizen down here.
Yeah. So what our strategy is just to liquidate. We've only got 17 properties left and then we're being a U and then we're becoming us tax citizen down here.
Yeah.
Yeah.
Yeah.
Yeah, so when we came down, we got two big storage developments in Houston, and then debt got challenging in 2022. Same moment in time, right? So I syndicated these two big deals, and debt got hard. So we ended up focusing on sourcing the land, doing all the entitlements for self-storage specifically, and then selling the dirt to other developers.
Yeah, so when we came down, we got two big storage developments in Houston, and then debt got challenging in 2022. Same moment in time, right? So I syndicated these two big deals, and debt got hard. So we ended up focusing on sourcing the land, doing all the entitlements for self-storage specifically, and then selling the dirt to other developers.
Yeah, so when we came down, we got two big storage developments in Houston, and then debt got challenging in 2022. Same moment in time, right? So I syndicated these two big deals, and debt got hard. So we ended up focusing on sourcing the land, doing all the entitlements for self-storage specifically, and then selling the dirt to other developers.
Yeah. And we are still, yeah, that's a huge, it's a huge play. Yeah. So they could be any, anywhere from like 600 to a million in, in, um, you know, value increased by doing the entitlement.
Yeah. And we are still, yeah, that's a huge, it's a huge play. Yeah. So they could be any, anywhere from like 600 to a million in, in, um, you know, value increased by doing the entitlement.
Yeah. And we are still, yeah, that's a huge, it's a huge play. Yeah. So they could be any, anywhere from like 600 to a million in, in, um, you know, value increased by doing the entitlement.
That and just highest and best use.
That and just highest and best use.
That and just highest and best use.
No, they're all over the U S they're all over the U S all in different.