Marc Gilbert (@MarcSGilbert) / X

Marc Gilbert

8,601 posts

Marc Gilbert

@MarcSGilbert

Managing Partner of Twin Oaks. Buyer of mispriced/mismanaged #CRE. Income up, expenses down, refinance. Not selling any courses. DMs Open

Short Hills, NJ

linkedin.com/in/marc-gilber…

Joined January 2020

Pinned
Marc Gilbert
@MarcSGilbert
Aug 9, 2023
Got approvals on a 12 unit building. Demoing a 3 family to build it on that site. This thread will be the progress thread. Will try to keep it going in real time.
83K
Marc Gilbert
@MarcSGilbert
Sep 30, 2020
One of my all-time favorite gifts. An Excel shortcut coffee mug. Screams nerd, but still brings me joy every single morning.
Marc Gilbert
@MarcSGilbert
Aug 7, 2022
One of my favorite Covid eviction stories. Tenant stops paying rent and begins AirBNBing the apartment. Landlord uses a friend's account to book the apartment. Landlord sublets the apartment to a new tenant. Game over.
Marc Gilbert
@MarcSGilbert
Jun 20, 2021
Overheard a fellow real estate investor say: “I’m not poor, I just don’t have any money.” Few understand this.
Marc Gilbert
@MarcSGilbert
Apr 5, 2024
My tenant is complaining about the neighbors upstairs, but in reality we just had a 4.8 magnitude earthquake.
166K
Marc Gilbert
@MarcSGilbert
Apr 18, 2021
Can we get your best deal ever in the replies? I’ll go first. Bought a five unit for $100k cash. Invested $15k in renovations and got it appraised fir $600k. Cashed out $400 in just about a year.
Marc Gilbert
@MarcSGilbert
Nov 22, 2021
I am knocking down a house to replace it with a new custom home. I’m going to keep this thread going throughout the process so you can see what goes into a project like this step-by-step.
Marc Gilbert
@MarcSGilbert
Apr 28, 2024
I’ve been a landlord long enough to know exactly how this broke. Soap holders are not meant to support 150+ pounds during rigorous physical activity.
278K
Marc Gilbert
@MarcSGilbert
Oct 11, 2023
My followers know I have always avoided politics on this platform. I’m going to indulge in some commentary right now. I was born and raised in NJ. I am not an Israeli citizen. At age 18 I went to Israel for a gap year to study in Jerusalem. After my term of study… 1/X
323K
Marc Gilbert
@MarcSGilbert
Jan 1, 2021
Here's the cute little 6-unit we closed on yesterday. In place 22% return including principal paydown. While I don't look for deals this small, I'll happily take a base hit if it lands on my desk.
Marc Gilbert
@MarcSGilbert
Dec 7, 2021
So you want to be a landlord? Finished an eviction against a prostitute and my began renovation. The workers had to remove the credit card reader she had mounted on the bedroom wall. Surprises lurk at every corner.
Marc Gilbert
@MarcSGilbert
Apr 12, 2022
I can mathematically prove (other's have time and time again) that underpricing listed real estate will yield a better final sales price than overpricing it.
Marc Gilbert
@MarcSGilbert
Oct 9, 2023
Brief update: I am in Israel with my family. Our return flight was cancelled. Along with the citizens of Israel, we remain resolute and will not cower to terrorists who murder, kidnap and rape seniors, women & children. While I would like to return home, we are not running away.
226K
Marc Gilbert
@MarcSGilbert
Dec 3, 2021
Buying a property which is being sold for a loss? Consider buying the LLC instead and inheriting your seller's higher "inside basis" on the property held inside and depreciating at a faster rate. See IRS Section 754.