marketref

@Aldigity But whyyyyyy

Fun story about trying to sell our MFH in Rumney NH. A couple of the units had third floor bedrooms and the buyer's insurance required us to build egress in the form of massive PT decks.

@TheNolanGore Las Tundras!

@MarketReferee I hear that. Family car is a Honda. But not good for work trucks.

What’s your take on buying vehicles used? I have had great success …and some real failures. Aside from the disastrous decision I made to buy the trucks with an acquisition (that still hurts a lot), one of my trucks had previously been in the oil fields … guess what… it very quickly needed new shocks and other expensive stuff.

Retribution: they asked for an extra 5 days. I’ll take that.

Inappropriate? Don’t care. Pumped beyond belief.

@ZeroBasis @fortworthchris Whos the 🐐?

The bottleneck in building data centers is no longer the building. Michael Levy of Crow Holdings says it is getting the power, and the price of admission is remaking the whole industry. "We can get the power, large power, hundreds of megawatts, but the deposits are a million dollars a megawatt. And the contracts with the utility companies basically say, in five years, I'll maybe, probably will give you the power. I'm gonna put up a $500 million deposit five years in advance of having the power allocated to me." "That's not a nut that normal companies can crack. And if that's where we're going as a country, then the business is an oligopoly, because you'll need the massive investment grade balance sheets in order to provide letters of credit to pursue it." "Oncor, which is our electricity transmission network, currently delivers 32 gigawatts of power for North Texas, and their business plan is, over the next five years, to build enough telephone poles to deliver another 32 gigawatts. I think their queue right now is over 300 gigawatts of demand."

@Aldigity I see you. Cheers good sir. 🍻

The last time most folks on here heard from me, I was selling my Airbnb portfolio in early 2025. So what has happened since then? - The real estate portfolio, including a 7 unit class C multifamily long-term rental, sold. Mercifully. Made a little money but nothing exciting. - Kept building Tuck Home Services (THS), a residential property maintenance and construction company in the White Mountains of Central NH. Some stats on THS: 250 snow removal accounts, 100 landscaping accounts, 40 weekly trash pickup accounts, and ~100 construction jobs a year. Typical job is a ~$20k remodel. Exterior painting, deck replacement, roof replacement, windows and doors, rot repair. - This spring, I started transitioning out of the day to day. We hired an office admin and a landscaping supervisor, and scaled back construction. Construction is MUCH harder to scale than maintenance. - Took the playbook from THS and the real estate portfolio and turned what was a side consulting business with a couple clients into a full-on fractional CFO firm, Veros CFO. - We work with service business owners between $500k and 10mm who need someone to connect their finances to their operations. Link in bio. - On the personal end, I moved to Philly after four years in the wilderness in rural NH, living my walkable urbanist fantasies. We did all of this together, me and @JessePrato. My partnership with Jesse is the only asset that actually matters in the long-run. Hopefully under the new algorithmic regime, people will actually see this. If not, my shouts into the void will continue.

@dtmorgan18 @facebook But there’s bare nipples in their profile pic…w/a tie!!? Surely that’s a violation of all that is holy.

@MarketReferee Fortunately/unfortunately, no. @facebook said it does not violate their community standards

Running for City Council has been fun. 🙄

@financeguy725 Oh hell yes

you can just do things like commission a portrait of your first trap house

@Dirtdog Easiest decision ever. Mustache yourself if you want to reach the sky, or the stars. ✨ 🌟💫✨☄️🧙‍♂️

Picking new headshots for the world wide web It seems public feedback is clearly the way to go with this decision. Option 1: "I'm Chris and I'm here to work 65+ hours a week building drive thru's" Option 2: "The word 'no' has always been a soft 'yes' in my book

@MrBlanketFace NNN is ideal! …but not required.

@MarketReferee Like NNN?

Sold my first longer term hold this week. Of course, I bought it and said I’d never sell, but then I came to realize there are chapters to this game and I’m on a new one. Purchase: $100,000 Going in rents: $1600/mo Rehab: $55,000 Units: 4 Hold period: 8 years Current rents: $4000/mo Sale price: $400,000 What I learned was sitting around and making monthly cashflow is great, but hustling to increase value, selling to capture it then reinvesting in other deals is better, if you have the time and health. If I was 20 years older, I’d probably value the sitting more but the sun is shining and it seems like a great time to make hay.

@kenashley Not a fan of communist meetings

The video call penalty. You - on time. Host - let's give a few minutes for others to arrive. Start meetings on time and make the late arrivers catch up!

@jdmiser Thanks Joel!

@MarketReferee That's awesome. Great job!

@Flat40Capital This was Cleveland

@MarketReferee Damn where?

@MrBlanketFace Adding units to other buildings, pushing up income, likely selling and buying larger non-residential stuff.

@MarketReferee Word, whatcha buyin!

@MrBlanketFace I know this exact thing.

Back in the day when I was super young 14-15 I used to go skate all day every day for hours and ride around in the back of my friends car. At the end of the day we would all stop at a fast food spot to get food, in which I did not have any money. Always had to watch my friends order and eat. The smell. I was so hungry. It fucked me up about food a little bit.

@Dirtdog Are you playing dual hands?

Send help… Ms Dirt Dog whipping me again

@Dirtdog They said this to save time? Makes little sense

108 properties developed The 2 worst problems we have hit both involved remodels where the plumber told our team they had run a camera down the line to confirm it was flowing and no obstructions In both instances they did not actually do this work Tenants open = massive probs