@acquisizioni Try using a timer. Set it for 5 minutes and when it goes off, it’s time to close the door and turn off the lights.
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AG
2.6K posts
AG
@bondbasis
Real estate development. Shit posting. Ex hedge funder.
New York, USA Katılım Şubat 2022
324 Takip Edilen816 Takipçiler
Not real estate related but:
Does anyone have suggestions on how to get an almost 3 year old to go to sleep?
Tonight was especially wild with 2 hours of yelling / moaning / crying/ begging for:
- more milk
- water
- the potty
- the door open wider
- the window open
- more blankets
- less blankets
- more mommy
- less daddy 😢
- a book read to her
- another book
- one more book
- no not that book that one over there!
(TO NAME A FEW)
This was all after her standard after dinner routine of: bath, milk, book, teeth, one more book, bed.
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@robbiehendricks Ok but Robbie, this guy is an 8 figure financial publisher that’s building generational wealth by strategically investing in stocks and section 8. And he’s clearly rich, because he has a picture of himself on an island. Maybe we shouldn’t be so quick to dismiss him.
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If you inherit $34M of generational wealth and don’t know what to do, here’s the actual next steps:
1) Do nothing. Keep it in cash.
2) Go find a wealth manager. If you don’t want to research a highly regarded firm, just call UBS.
3) Retire and pursue your passions.
Andy@andyantiles_
Just got off a call with a guy who just got a $34m inheritance from his parents Not in real estate value… Not in stocks… But in cold hard cash. The kid is 23 and makes $200k/year as a software engineer Has no idea whatsoever what to do with this money What would you do with it? Here’s what I suggested (I’m not a financial advisor, and this is not financial advice) Invest $12.5m into $VOO (S&P500 ETF) Invest $12.5m into $QQQ (Nasdaq ETF) Buy a $5m primary residence in cash And with the last $5m, buy section 8 real estate properties. I connected him with the sourcing company I use, and over the next 12 months They’re going to source him 150-180 rental properties This will create enormous tax deductions that will eliminate his income tax for years And he’ll earn ~$600k-700k in annual recurring cashflow And the $5m he puts into down payments will turn into $25m of equity once the federal government pays off all the debt in 30 years Simple playbook to ensuring that $34m turns into multiple 9 figures and true generational wealth
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@mwmoedinger Major problem with this floorplan is that you can see the kitchen from the dining room. How uncouth.
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Mid-century floorplans are often surprisingly adaptable to modern life, bc they were built when many older living patterns (servants, formal dining) were replaced, and when the need for storage, place to watch TV, etc came into being.
Here's how I would update this home 👇👇
Hamilton 🇺🇸@Watchman_motto
The thing about these old homes is that the floor plan is always genius. You may think that you can come up with a better floor plan, but even modern architects have a hard time doing it right. It’s also not intuitive why this is so nice, and many people have a hard time seeing it in their mind’s eye when looking at a print.
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@otter401 @HenryForLA Literally just yesterday a construction lender told me they don’t make loans in California.
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I'm an LA developer who each and every day deals with the capital markets throughout the US to finance my projects.
You're a tenants rights atty who has zero interaction with the capital markets and therefore zero knowledge about the capital markets.
The capital markets have redlined LA largely because of policies that you support and would enhance.
You would be a total disaster for housing in LA.
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Kind of wild that I’m running mostly on eliminating Single-Family Zoning and permitting reform, allowing for more home construction than anything the incumbent has ever even dared advocate for, and still get accused of “destroying the capital markets that enable home building.”
John Gregorchuk@JMGregorchuk
PSA - CD 5 race is between an incumbent who's cutting regs and a tenant protection attorney who is destroying the capital markets that enable home building.
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One of the perks of having young kids is not having to explain too much about what’s going on in the world. I know that will end soon, but I’m going to enjoy it for as long as I can.
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Here's some cool shit I did over the past few days.
I decided to take a more active role in understanding where my family's food comes from. How the animals are treated, what they're fed, what type of business am I supporting?
So, I went out and met some farmers.
BuckleDown Farm: I met Jack and his cows. Family business in New Hampshire. Pasture-raised, grass-fed, never any fillers/GMOs/antibiotics. Happy cows on tons of beautiful land.
I bought a half cow, about 200lbs of beef.
Dreamer's Farm: Local guy, passionate about regenerative farming. Pigs live, eat, and play outdoors. They eat an all-organic diet and are cared for like family.
I bought a whole pig, about 150lbs of pork.
Nallie Pastures: Small, local poultry farm run by farmer Steve, who's passionate about agriculture and animal welfare. His chickens live outside and have 25 acres to run around on.
I ordered 20 chickens, about 80lbs.
Everyone I met cares deeply about their animals and was excited to tell me their story. It seemed daunting at first, but having a direct relationship with a local farmer was much easier than I thought. If you can, I highly encourage you to do the same.
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@nishantkumar07 The difference is you can eat a dog biscuit, so it has some utility.
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Warning: This account is using my photo to sell crypto strategies. This is clearly not me as I don't even know the difference between Bitcoin and a dog biscuit
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If you don’t have good taste, thoughtful discernment and some healthy self-awareness, AI and social media are simply going to amplify that and make it obviously clear to the world that you lack in those things.
So, maybe it's worth it to spend time developing those skills instead of maximizing, optimizing, delegating and whatever else you can get Claude to do for you.
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Lot of people on this site commenting on private credit who clearly are not actually in the market. Makes me wonder about other topics I’ve followed where I think I’m getting quality intel but actually could just be tourist talk. Think there’s a term for this but can’t place it
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If your due diligence doesn’t look like this then we can’t be friends.
I will buy a deal from you though.
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@mwmoedinger One of my favorite things about X is that when you leave a reply that (to you) is clearly meant to be snarky/predictive of what other replies jerks will say but you get a response that suggests your joke not only didn’t land but it’s flown off into the stratosphere
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@bondbasis Nope, not worried at all. It's typical height - 6'8". Never had a problem with splashing unless you're having water fights in there with the handshower
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When I say "line up the tile" - THIS is what I mean.
- pattern continues around corners
- niche aligned with grout lines
- niche shelf at grout line
- bench height aligns with grout line such that top tiles aren't cut
- Schluter is "skinny side out" on niche
- tile pattern continues through niche
Other stuff to notice:
- center shower head in space where you stand, not overall space of the shower
- offset shower glass to create shelf on inside of shower
- valve located where you don't get wet when you turn on shower
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@iononrecourse Few additions to the ground up risks above: sleep, free time, hair (if you have any), work-life balance, health, general feeling of wellbeing and contentment
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Land development: risking entitlement and future demand
Value-add development: risking future demand and exit cap rate
Build-to-suit development: risking construction costs and exit cap rate
Ground-up development: risking entitlement, future demand, construction costs, and exit cap rate
also interest rates, tax reassessment, environmental...what else?
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@junkbondinvest Same could be said of credit vs equity in general. Or any bond vs equity.
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Partners Group outlining the asymmetry that PC marketing ignores:
AI disruption creates winners and losers. If your borrower wins, you get your coupon. If your borrower loses, you get the full downside.
At least PE gets both tails. Private credit only gets the left one.
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lol dammit, I see the archegos comparison has already been made
She said it much better than I did
Desiree Fixler@desireefixler
I worked at JPMorgan in this exact group, and it had the most conservative private credit lending practices on the Street. So it’s no surprise they’re likely the first to cut exposure and margin call. In a credit unwind, first mover advantage matters: the first to mark reality usually - though not always - suffers the least. This is not subprime GFC 2.0, but big leverage on leverage in a downturn usually ends the same way: a bunch of slow banks get left holding billion-dollar bags of shit. Archegos is a recent reminder: Goldman moved first, while sleepy Credit Suisse was left with a roughly $5.5 billion hole. Time will tell who was away with the fairies instead of de-risking. Thoughts?
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This kind of reminds me of when the dealers liquidated Archegos back in ‘21. There is never just one lender, and the guy that blinks first usually takes the smallest loss.
Obviously major difference is that these loans aren’t publicly traded.
Edward Dowd@DowdEdward
Jaimie Dimon last night when JPM started marking down valuations and reducing credit lines to private credit. 👇🤣
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