Moses Kagan, Discover and Read the Best of Twitter Threads by @moseskagan

Moses Kagan

moseskagan

Until abt 6 months ago, if you asked me what I would do as a young person starting out, I would have said “acquire a small biz”Now I think the

Some Things I've Learned in Business (Sometimes the Hard Way), a thread:1. Wealth comes from solving problems - you can solve small problems for lots of people, big problems for

Some "greatest hits" selected from the list of questions we have learned to answer BEFORE buying an apartment building:1. Was the building EVER permitted by any relevant governmental authority? 2.

1/ How to raise a real estate fund (and, ideally, avoid getting sued)Have warned everyone it’s better to raise capital deal-by-deal, bc it’s easier to raise & bc it's better

The way to think about LA is as a giant tournament:Every year, X 22 yr olds arrive looking to make itSome prosper, stay & build familiesMany (most?) never find a

Driving the Clown Car (h/t @BrentBeshore) - Mistakes I made as a beginning Real Estate GP ('09-'12):1. Creating no-fee structure. LP thought he was aligning incentives. Having no $$ coming

Someone should build a pipeline for high-agency, young "all-arounders".ID them & teach biz basics: ethics, biz law, marketing, sales, etc.Then hook them up with SMEs for 1-2 yr "assistant to

Have had brokers wondering why my offer prices are down so much vs. pre-crisis.After all, rents are only down, say, 15%.So their intuition is that my offer prices should be