Co-Founder @ Savoy. We build, own & manage TX apartments, 8,000 units under management | I help people with capital gains invest in great Texas submarkets

Dallas, TX
What the heck is Opportunity Zone? Most people explain Opportunity Zones by starting with the tax code. Start with the map instead. An Opportunity Zone is a place. The original program designated more than 8,700 census tracts across the country, all in low-income communities. They exist because the government wants investment in those places: more housing, more jobs, more real estate, more activity generally. And it wants that investment to be long-term and patient. It gets that investment by giving private investors a tax incentive, and the incentive has two parts. Number one is a deferral. If you sold stock, crypto, real estate or a business, you'd normally pay the capital gains tax next year. Put that gain into an Opportunity Zone fund and you pay it later. Number two is the much bigger benefit. They want you to stay, so if you hold the investment for 10 years, you owe no tax on the appreciation. That's why it's a natural fit for real estate. Build or renovate a building in one of these tracts and hold it 10 years, and you pay no tax on the appreciation. You also don't recapture the depreciation. The 2025 tax law made the program permanent and reset it. Starting January 1, 2027, every new investment gets a five-year deferral on the capital gains tax owed and a 10% discount when it is paid (30% in rural zones). The 10-year exclusion stays. Like 1031 exchanges, LIHTC and New Markets Tax Credits, OZ is now a permanent part of the tax code. RIAs, wealth managers and anyone else advising a client with a capital gain are going to have to learn it.
6
2
47
7,983
America's engine for energy, AI, trade, and family creation. Texas Triangle today: 23M people & $2.2T GDP Houston powers energy and ports, DFW drives HQs and logistics, Austin fuels tech, San Antonio anchors military and health. No income tax, cheap land, pro-business rules attract talent and firms.
The world’s most consequential region of the next 20 years.
31
42
344
19,476
Imagine investing in the world most consequential region of the next 20 years and never paying tax on the appreciation Just find a good spot in one of the orange areas
The world’s most consequential region of the next 20 years.
43
39
495
67,590
My mind is having a hard time processing the Tesla flying car I need a video that is clearly not AI or a first person account from someone who was there Why did the crowd not go wild after the stunts? I am a fan of Tesla but this was a lot to digest
150
1
311
149,315
Best one I have seen. Looks legit to me
The Tesla Roadster is real and it can fly and it looks incredible in person
8
4
100
25,552
Amazed/Alarmed by the number of people telling me to cut the fiber cable You guys are vicious
The sewer line was backed up to the apartment building It wasn't due to baby wipes or tree roots It was because a new fiber optic cable had been run directly through the sewer line Debating how to handle this.
10
38
10,594
The sewer line was backed up to the apartment building It wasn't due to baby wipes or tree roots It was because a new fiber optic cable had been run directly through the sewer line Debating how to handle this.
126
2
235
38,924
This framing may help get the Stars back to Dallas Nobody knows what a TIRZ is
Plano school district agrees to contribute up to $250 million toward new Dallas Stars arena
17
4
112
30,116
We buy and gut renovate dilapidated apartment buildings and we also build new ones In 2020 we bought 8 old buildings in a small area of Dallas that was mostly blighted and where the buildings were mostly vacant Renovating and leasing them up allowed us to stabilize the area We were then able to buy land that had been vacant for decades. This week we will deliver our 6th new construction apartment building. And all along we have continued to buy/renovate more old & beat up buildings as well. Now we have filled this entire neighborhood with clean, safe, & attainable housing for the people who live, work, and play in Dallas If you would like to come and checkout our newest building, the Grand opening is on Thursday (just DM me). If you would like to lease a unit in Bishop Ridge...go to BishopRidge.com
14
4
119
8,984
The real dating advice twitter needs today
Replying to @DallasAptGP
“So there are only two times in life that you get a step up in basis, one is when you die, the other is called an opportunity zone. They just released the new map do you want to see it?”
2
1
48
6,045
Ashok is the guy who runs Tesla AI and Cybercab He just said the next city for Cybercab (the 2-door gold ones) is Dallas. And it will be soon I can’t wait to go for a ride
Two years since the 10/10 Cybercab WeRobot event, the cabs are everywhere in Austin now. Dallas soon.
2
3
55
4,671
Barrett Linburg retweeted
Truly, @ReconveneLA was the best real estate conference I’ve attended. Here’s a recap: 1) It really is the X of RE conferences. It’s casual, honest, not pretentious, and not a bunch of unit count touting navy puffer vest nerds. Sandals optional. (For a basis of comparison, NMHC is the LinkedIn of conferences) 2) There is something uniquely humble about the attendees, which is clearly something @moseskagan both represents and attracts. It’s effectively a group of GPs and operators talking shop, sharing ideas over beverages, forging relationships, and learning from one another. Even the most casual conversation can be worth the price of admission. And Moses (Simran) does a great job ensuring there is ample time for people to simply talk to one another. Example: I was minding my own introverted self and @DallasAptGP says “Hey Robbie, want to review the software we built for our company?” So we found a conference room, Barrett booted it up, and we talked shop for probably an hour about this amazing in-house operating system he built for his 8000-unit firm. How generous is that? That is secret sauce stuff right there. 3) It raises your lid, as putting yourself in the right room often does. The most casual guys are often the most successful. Guys like @Stealx and @Jeffdeehan. You’d never know these guys run circles around every guru selling courses. It forces you to get outside your box, your system, your market, and what you think you know about how to run a real estate firm well. It’s not a place for egos. Guys like @credealjunkie are sourcing and buying exceptional deals in San Francisco (uninvestable!) and he’s doing it from South America. It’s absurd. Or what about @molzer? That young guy is as authentic as it gets, and what you see on social media is exactly what you get in real life. His belief and energy is as infectious as you could imagine. 4) AI was obviously an ongoing topic, and being at this event to hear all the different use cases from actual operators was really worth the price of admission in and of itself. 5) I can’t tag everyone that I enjoyed, but it was particularly fun to break bread with @SideHustle_LP, to finally meet @EllliotttB in the real world (he’s nice in person I promise), as well as gents like @PatCarino, @kenashley, @twallyweb, @colin_of_canada, @DonovanBuilds, among others whose handles I’m forgetting. Some of you were there and we just didn’t get a chance to connect, and that bums me out - thinking specifically of @bobbyfijan and @antonia_mdprjct. Next time. Final thought: I generally hate events. I am a proper introvert, but more than anything, I just can’t stomach events where I feel like I’m being sold the entire time or that I’m surrounded by a bunch of pretentious, self-important salesman. Reconvene is an event for operators, by operators. Can’t wait for next year.
24
5
143
21,628
Dave Matthews Band would make a zillion dollars playing 10-20 nights at the Sphere
18
92
10,236
For context
Just an FYI on how Sphere works... These dates were ALWAYS planned, but ticket sales needed to dictate the math. That is why EVERY Sphere residency gets added dates. Basically, as an artist, you are paying an exorbitant rental fee to Sphere because it makes so much money on movies. There is no discount for load-in and load-out. Also, you are responsible for producing the visuals (which Sphere can veto). So the way it works is this: 1) Your first string of dates have to be limited enough to cause a sell-out. These dates pay for the Sphere fees and your production. Then based on the demand you saw from your first release, you trigger the soft holds on the new dates. 2) The new dates are actually where you make your money on the residency. Here's the math. Sphere is about $2M a night to rent because you have to make them more money than they make with Oz or other films. Visuals for a 2 hour show are going to cost you between $5-8M. Add another $2-5M for various other production costs. An act like John Mayer is probably pulling in $5-6M a night. So the first 6 nights are gonna cost you around $22-25M in costs for $30-36M in revenue. But then after that, you are looking at $3-4M in revenue per night for sold out shows, if the demand is there. Either way, Sphere makes it's money. Which makes me happy, because my Sphere stock is up 120% since I bought it.
1
4,741
For anyone struggling with “How do I implement AI into my business?” Read this and you’ll think of a simple process that you can tackle tonight
How I’ve Used AI to Generate a Few Hundred Thousand Dollars in New Revenue in 4–6 Weeks I have a story about how I have used AI coupled with changed human behavior to drive a significant change to business results in my business and very much increase the top line. I am a vocal critic of useless masturbatory vibe coding and applications of AI which do not actually meaningfully change business outcomes in any way (If you’re new here) But I’m also simultaneously an avid user of AI, praying that somehow the gods of superintelligence will rescue my meager profit margins and save me from the permanent underclass. Here’s something I’ve done over the past 4–6 weeks that has added a few hundred thousand dollars in top-line revenue to our business. The Problem My current cardinal sin as a business owner is that I allow proposals to stack up. I do site visits, and I’m unable to turn around a bid in a timely manner. The way you ACTUALLY solve this problem is by simplifying your service offering as a business, so you can provide pricing on the spot and do a one-call close (aka sit down at the kitchen table and hammer out a contract with a client). I’m dumb, and I’ve designed a business that is too complex to be able to provide that (at this time). As a side note, caveat: I’m working on rearchitecting everything so that we get there, but we’re not there right now. At the moment, we’re living the experience that most contractors fit into: 1. You get a call. 2. Somebody says, “Hey, can you come out and look at this and give me a price for how much it would cost to do it?” 3. You go out, look at the job, take some measurements, and write down the scope. 4. You try and figure out how much it’ll cost, and then you go back to the client with the pricing. This takes forever, is super inaccurate, is a horrific experience for everybody involved, and is the reason why it’s hard to get contractors to come out and it’s hard to get proposals out of them. It’s not because they hate money or because they’re bad at their job. It’s just that trying to reinvent the wheel every single time you put a proposal together is an impossible exercise. As the contractor or service provider, you’re terrified of providing the wrong price because, if you give the wrong price, it ends up being, at worst, a bad experience. It is, at best, a bad experience for the client, and at worst, it’ll put you out of business and into litigation or something of the sort. So you get stuck on perfection, and as we all know, perfection is the enemy of good, and the bids pile up. We get 5 to 7 leads a day, and there are times when I’m running 3 to 5 sales meetings per day. As you can imagine, if there’s any level of complexity to those jobs, it’s just an impossible exercise. You end up having clients calling you every single day, texting, asking, “Where’s my proposal?” They think you’re ghosting them when, in reality, you’re just trying to do your best to somehow deliver projects while also pricing new projects and figuring out how to keep everything together at the seams. Here’s how I’ve used AI (credit where credit is due) to go from perfection paralysis to a good-enough output, and how it’s driven multiple six figures of revenue for us here at West Coast Deck. The Tools I’m not using some sort of crazy technology stack. I’m not even using any of these MCP connectors or API connectors. I still don’t know what an MCP is. I don’t even know what an API is, so I don’t have the ability to figure any of that stuff out. Which means that if I can do this, you guys can probably figure it out too. The tools I’m using are as follows: * Quo w recording * A Plaud Pin Pro * A ChatGPT Pro subscription * A PolyCam subscription * A Company Cam subscription * A Stanley Fat Max 30 ft. tape measure Here’s What I Do The first thing is, I capture all transcripts of phone conversations and email traffic that we’ve had with the client. Next, I drive to the site. I park outside, and I turn on the plot plan. I start narrating. I say, “Here’s the address. I’m at 123 Main Street. This is Tom and Judy’s house. They have this type of deck project with this type of scope. I’m about to walk into the site and do a job walk and review the work.” Then I start the meeting. I tell the client I’m using AI tools to record, and then I essentially do a very verbal job walk and interview with them. I ask them a lot of questions about what they want to get done, and then I intentionally regurgitate back to them everything that they’ve said. I discuss my findings on the job site with them. I talk through different things. I pull measurements with my tape measure, say the measurements out loud, and talk through the universe of outcomes and options. I talk about materials. I try to be as verbal as possible, knowing that my AI recorder is capturing everything. Now, here is part of why I think this has been so effective for our business. The forcing function of me going through all of the options and being super verbal helps to create expectations with the client, help them understand what will happen, what might be possible, and what the general job scope is. It’s forcing me to be overly communicative with prospects. Before I leave the job site, I take a Polycam 3D LiDAR scan of the entire backyard, which is useful for taking measurements and referencing later if I need to look at details. I also then open Company Cam, and I do a video walkthrough where I reiterate everything that we just reviewed with the client on video. It’s like triPLICATE information: recording what scope is, what needs to happen, and what the next steps are. After the Site Visit The next step is: 1. I say goodbye to the client. 2. I go out to my truck, sit down, and talk to the Plod pin a little bit more about anything that wasn’t appropriate to discuss in front of the client or that maybe I missed and that I need to capture. 3. I end the recording. 4. I transfer the data from the Plod pin into the Plod app. 5. I copy the transcript from the recording into ChatGPT. At that point, I’m also adding any previous transcripts from Quo, any pictures that they’ve sent us, any videos that they’ve sent us historically, and any additional information. There are three more things that happen in the process: 1. I send a recap email to the client with next steps. 2. I generate a scope of work and proposal. 3. I reference our historic library and universe of proposals for pricing. My Super Scientific AI Prompts Normally, you have to buy my course to get my super scientific AI prompts, but I’ll give them away for free here. The first prompt is this: Please write a site visit recap email based on these transcripts and information, and send it to the client. Took me months and months to come up with that prompt. Should make you millions of dollars Even just that little step has made a huge difference in the customer experience. Literally 5 minutes after the site visit, they get a super detailed email from me recapping everything, talking about next steps, and what the project experience will be like for them. The next prompt is also probably worth millions of dollars. Please feel free to steal it. Please write a construction proposal based on the site visit transcript and all the information. Reference my previous proposals. And it spits out something that honestly is plenty good enough to sit down and review as a client. The next step is: you can ask it to reference pricing from previous proposals, or you can just look at your price book and manually input pricing into the detailed proposal. The Results I can’t wait for all the comments from people saying, “Oh, you should do this better.” That’s part of why I post this kind of stuff, because I want people to tell me how to do it better. We already have a V2, V3, and V4 of this planned, but this has first concept already resulted in a couple hundred thousand dollars in initial sales in just 4 to 6 weeks. Anybody could figure this out. It does not take any sort of AI wizardry. It’s just basic, rudimentary tools that are available to anybody. Provecho! (Happy hunting)
3
3
53
11,796
Better headline: “Institutional investor acquires large portfolio next to Bishop Ridge”
Hines now manages more than $1.3 billion in Dallas assets after this acquisition. bizjournals.com/dallas/news/…
6
2
65
9,500
Many government programs are tracking these Autonomous Car incidents if there is property damage of any amount. Fault does not matter. If another driver rear-ends a Waymo or Robotaxi waiting at a light or sitting at the curb, then it become a black mark. Would be more interesting to see the incidents where the self driving vehicle was "at fault"
Waymo crashes per million miles traveled
7
4
37
6,572
When you calculate a 20% tip in your head...are you doing it on the pre-tax subtotal or the actual total?
166
2
61
602,702
These Boring tunnels need to hit critical mass to really be more useful but the concept is cool
17
1
44
15,612
Yes, please
The world's largest contract chipmaker may be coming to Texas. TSMC is reportedly studying up to six advanced chip plants near Dallas. That would come on top of the $265 billion it has already committed in Arizona. @Reuters reports the same, citing two people familiar with the plans. Nothing is signed yet. TSMC's board hasn't approved it, and the company reports earnings on October 15, so we may hear more then. But there's a good case for doing it, and it starts with the customers: American companies made up about three quarters of TSMC's revenue in the first half of this year, and Washington wants more of their chips made here. Dallas would be a fitting choice. TSMC's founder, Morris Chang, spent 25 years at Texas Instruments in Dallas before starting the company in 1987. He joined TI in 1958, the same year one of its engineers, Jack Kilby, built the first integrated circuit. Texas is still in the business. TI is making chips at a new plant in Sherman, and Samsung has started trial runs at its plant in Taylor. The chip was invented in Dallas. Sixty-eight years later, TSMC could be about to build there.
3
48
6,899
Bisnow asked me whether Texas Opportunity Zone map got smaller It just flipped it from rural to urban and more densely populated census tracts are smaller Dallas County: 18 zones → 60 City of Dallas: 15 → 44 Tarrant County: 7 → 20 Dallas could easily see an extra $250 to $300 million of equity a year going into its low- and moderate-income neighborhoods for the next decade. That's enormous money that doesn't cost the city of Dallas anything. bisnow.com/news/dallas-ft-wo…
2
2
36
5,597