What do you think of the Retwit community?
What do you think of the Retwit community - do you find valuable content if you follow the right people or do you think the Retwit community insights tend to be underwhelming or not very insightful?
Based on the most helpful WSO content, opinions on platforms like Twitter (or "Retwit" for real estate Twitter) vary. Some users find it valuable for breaking news and timely updates, especially if you follow the right individuals or accounts. However, others argue that the platform can be noisy, with too much irrelevant content making it hard to extract meaningful insights.
For example, in the thread "Where do you get your RE news and information?", one user noted that while Twitter can be timely, it often lacks the depth or focus needed for serious industry insights. They suggested that other sources, like industry-specific platforms or reports, might be more reliable for comprehensive information.
Ultimately, the value of Retwit depends on curating your feed carefully and balancing it with other trusted resources.
Sources: Where do you get your RE news and information?, https://www.wallstreetoasis.com/forum/asset-management/qa-breaking-into-the-asset-management-industry?customgpt=1, Care for eachother, Care for the Community, Look to Grow, Care for eachother, Care for the Community, Look to Grow, Your best sourcing tips
I find some helpful, but some are definitely grifters, some are posing as oracles, and many are just there to sell a course or raise LP. I really wonder what the truth is with some of their businesses and profitability (Nick Huber).
What the fuck is Retwit?
Not very highly. 90-95% of the high-visibility tweeters are using it to sell a course / raise LP equity / make money in some shape or form.
The algorithm promotes high-sizzle posts that are like "Woke up this morning, flipped a contract for $500K profit. Using it to buy a piece of dirt I'll entitle this afternoon, and this evening over drinks I'll sign a lease for a build-to-suit with a national tenant. My brother's a contractor and I have my broker's license so we can undercut everyone else in the market by 20%. Not bad for a day's work. Link in bio"
The beauty of WSO is the anonymity, which takes self-promotion out of it. This is why you see the more educational / interesting content like 'Hey, we're about to lose our deposit on this deal after a fight with our LP, how do I manage third parties / fees?' or 'Hey, what happens to your promote in XYZ scenario? BTW does anyone know a good divorce attorney?'
For anyone who's actually in the industry, WSO is much closer to 'real life' than retwit (or Linkedin) is.
In my experience it’s 95% small ballers from obscure markets. They’ll tweet shit like “8 things you might have missed in your last RE deal” and it’s just like super standard day 1 analyst stuff at a big shop.
I think any serious players in RE generally aren’t getting on twitter to share their wins or give up the secret sauce, or they can’t due to confidentiality clauses, or they have better things to spend their time on
You see the same shit on LinkedIn in too especially from brokers who work on 4 plexes and consider that to be big time CRE. Giving a bunch of generic and at times horrible advice.
If they are selling a course it’s generally bc they are making more money selling the course than actually doing real estate deals. Now I have no issues selling courses. If I could sell a course to 200 people per month at $1,000 / course, I would no doubt do it. But my point being, the loudest names and accounts aren’t always as good as they seem. They are just fantastic marketers (who might be as good as they seem).
There are definitely a few popular ones that are just grifters. The account I've been most impressed with and have learned quite a bit from is @TheRealEstateG6.
Ya he has good posts occasionally. I'd give @3NDeveloper a follow he has some good content
That user name made me physically cringe
Ya his username is obnoxious. Tough to take him seriously because of that lmao
Oddly enough - he will state that was his point in making that username. And he posts stuff for the reaction.
That account is how I ended up in RE now. Now that I have some experience and more knowledge I agree that most on RE twit are grifters, but this guy posted some very good stuff that I found really helpful and interesting. Here I am now, almost 5 years later and working in development.
Fart huffers and grifters all around
There's good stuff, but most isn't applicable if you're not a decision-maker at a fund or going on your own. It's only really helpful for conversation ideas.
Mostly a self-promotion tool, not much there of value. Lots of "I wake up at 4AM and cold call" posts and people selling courses/coaching/etc. Basically it's LinkedIn on Twitter.
Love it! Great place to source private fire fighters.
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