I dont mean to be so off topic but does anyone know a method to log back into an Instagram account? I was dumb lost my login password. I appreciate any tips you can give me!
@Augustine Landon I really appreciate your reply. I got to the site thru google and Im trying it out atm. Takes a while so I will reply here later with my results.
Hi, I love these videos very informative, straight forward and chill...QQ: I just graduated high school, what career would you suggest I look into I have a lot of potential for any field but no first hand insight as to what career path is good (rewarding) and also not overly saturated here in 2019. P.s. I’m also from Texas 🌿 (..and Jamaica 🇯🇲)
We are pretty naive on blockchain and don't think we can outsmart other investors who are deep in that space. Not a ton of those types of investable blockchain companies here in Texas either. That said, I agree that blockchain has crazy big potential
Also, whatever career you go into just remember to invest on the side to open up your opportunities later in life. There is no right answer. I know people who make good money in jobs they dislike for a while to later transition to industries they have a passion for once they have more money saved for security. Just remember to invest! We will cover this in a future episode
Thanks a lot really appreciate it! I’ll get some studies going on block chain and investments are a must won’t forget that thanks again...looking forward to the next video as well 🙏🏻💯
Hey there Dave here! Your going to NZ? That is fantastic :) Dont forget to vlog about it. Wine is a particular thing you might be keen on "investing." They got some good ones in Marlborough and also near Queenstown. Lake Tekapo is one of the best lakes... EVER. Don't forget to hike Queenstown trail and Kaikoura Peninsula! I can show you photos of it if you want to! Kudos.
Hey Dean, thanks for the tips! We started out in Auckland and spent a some time “investing” in the wineries on Waiheke Island. We’re on a sailboat in the Bay of Islands now and next week will explore the South Island. -Dave
Filling in flood plain will likely get reviewed by the city zoning board; don't assume it's a given. I wouldn't buy-in until I talked to someone at the city, and perhaps had it in writing that fill-in will be allowed to some point on the plat.
Great point . Its our understanding that they have all the permits to do so. We are not savvy in this area of real estate development and are relying on our developer friend Ryan who was the guy in the video explaining the opportunity. Thanks for lookling our for us!
I am sad that when I was able to watch this video, there were already 333 views ☹ my own record so far was 5…wanna be the first viewer of any of your future videos. Fingers crossed 😊 My question is; what do you think about real estate tokenization platforms such as Atlant.io (Post ICO but still under development) for investment like the one you showing in this video? Would you be interested in tokenizing your property if legal would be ok? Do you think SEC or any other authority in America would issue such grants for tokenizing real estate as the transfer of ownership (even though it sounds easy on server) from person to person or transfer of title deed is not that easy?
Hey Ethan - we try to publish a new episode every Tuesday morning. Thanks for your persistence! I’m not familiar with The Atlantio platform but will check it out.
Also, a portion of the development is loaned from the bank? The other is financed through equity? Can I have a clearer picture of this? When the lot is valued at 10m, you ask the owner to buy you out? How about his operating cashflows? He might need to take out another loan to pay for the investment.
I’ll do my best to respond accurately but remember we are new to this type of investment so still learning ourself. The developer is taking raw land, preparing it for retail (grating / use permits, etc), then slicing the land into numerous sub divisions which are resold at roughly a 2x premium to companies for their specific use. For example, the plot is 6x too big for a McDonald’s or a bank so they would never purchase the land raw. They would however consider purchasing the smaller corner sublot at 2x the price. Once anchor tenants are landed, smaller tenants step in and do on. It actually fairly straight forward. Even if the land is split up and sold for 2x the investors would only say roughly half that upside after paying land construction, interest, developer operational fees, etc. this equates to a 20-30% return annually over two years, roughly 50% ROI for investors if all works out. We will be sure to update you as the project progresses and it will be interesting to see how well we do relative to that 50% ROI expectation, which is in line for these types of deals.
Thats awesome Laura! I don't think I am going to make many more investments other than the Ferrari but its fun to try. I just don't know enough about all these cars. - Chris
why not giving more blueprints and advices for beginner investors ? it would be great ! thank you...your channel is awesome. wish you good luck, much love.
We are partial to Dallas or Austin in Texas but if you can afford it and have a good network the most funding is technically in San Francisco. Texas we think has the brightest future for start-ups for reasons including accessible and recruitable talent, low-ish cost of living, and a business friendly environment. Also, we have great access into larger corporate headquarters
Your never gonna see this but what’s the amount u need to buy into your avg investments and do u have to pay a lawyer to draw up stuff or the company will cover the cost
Heyy got late to comment the video. Haha. Well im just loving the vdeo as usual. Just a quick question.. Some people ask which platform of software to start investing.? Ordo we randomly need to research some companies just like you guys did? And how much capital to start up minimum to investing.
Hey Jazmi - you can get started investing in stocks with minimal money... using a commission free broker like Robinhood, you can start with just buying what you can afford. Our strategy often involves us seeing a trend in the “real world” and relating it to how that might affect the company’s stock.
Love your content. I just started investing in stock market last year and planning to invest in real estates. Texas seem to be a great place to invest. I have met with couple real estate agents in Austin and San Antonio. Is there any place other than this two city you would recommend me. Thanks.
Great video but abrupt ending. It was great seeing an investment outside of tech. I also have to agree with Chris on the strip malls. They do not add any aesthetic value.
It’s definitely not our primary focus and I don’t expect us to invest much more in the space. Just dabbling in it for now out of curiosity. In Dallas it seems like every other person, friend we have is a commercial real estate developer so now we will atleast have a better understanding of their world
Gents, your show is very intriguing and after every episode I get this surge of inspiration to invest. Continue the amazing work! I would be a plus if you could also walk through the process that you follow to invest in certain companies. What principles do you have in place that allow you to follow through on the investments?
Thanks. Totally agree that we need a deep dive on process. Strategizing on that episode now so coming here in next couple months. We have a couple startups that we are deeply engaged with and working through the decision making process now so timing is right
Hey Guys, Thanks a lot and your video is encouraging and inspiring for newbee like me...We are two friends with roughly $1.5M cash... Not sure whether flip houses, buy some land and develop to residential project or build a warehosue? Totally blank. (We are in no point of time will take loans but may gather investors)... plz guide
First, congrats on getting hold of $1.5 million to invest. So many questions to be able to even comment on this one. Perhaps you and your partner should visit us in Dallas and we can discuss in person as that is a huge decision. Since we are not investment advisors and don’t know your tolerance for risk we can’t make a formal recommendation but can tell you what we would do if we were in your situation. We would likely diversify between cash flow, moderate risk, and high risk which is how we balance our portfolio today. We lean into our expertise which happens to be trading public markets via social arbitrage strategy and investing in early stage to mid stage private companies. We don’t currently have expertise to dive into real estate or house flipping but occasionally allocate money in those asset classes through people in our network that we trust. We will try and dive deeper into this question in a future episode
Yes. From what I know trade windows for each vehicle open up for a few hours every month and you can sell in the open market. Spoke to a few other investors active on the platform and they say most of the cars have been appreciating in value on the secondary market
We don't now much about land deals but assume that is entirely dependent on the likelihood of that land and/or surrounding land being developed as development is what ultimately drives the value up/
Wanted to add to the dump of comments as well. Also, I’m a big car guy myself as I own an investment vehicle (1981 DeLorean) so the Rally Rd piece intrigued me
I love the way Chris went around the car asking if anyone knew about the land development world, but you are still considering it! What gives you guys the confidence to jump into an investment with little to no knowledge about the industry?
The short answer is position sizing. We went in this deal small with an intention to learn through the process. If it goes well we come out better educated and could consider getting into similar deal types with larger allocations
@@DumbMoney Thanks for your answer! I'll keep that in mind for any new investments where I lack experience. (I just hit the ring bell to catch those notifications)
Sounds super cool but unfortunately we are overwhelmed with local companies and not investing in startups outside of Texas at this time. If bandwidth opens up we will consider widening our net in the future. Good luck with your crowdfund venture. Bahamas are great!
Would you guys ever consider investing to EU (outside of UK, cuz Brexit lol)? I'm from Estonia (northern Europe) and would like a US investor perspective on EU markets. Thank you!
Eventually we likely will but right now we are overwhelmed with local startups and are focusing exclusively on those opportunities as they are easier for us to analyze and work with
There seems to be a very strong tech startup community in Estonia that I’d like to explore. We currently do not have any visibility into deals or a good understanding of the market - perhaps I need to plan a visit there! -Dave
We currently focus on local companies through our network but are working on an investment pitch competition for our subscribers in other countries with companies. Stay tuned.
America such a land of prosperity. Everything is developed, gives me hope that the third world country I live in will have demand as strong as that in the future.
It’s truly amazing to see. America feels overdeveloped in many places. Hopefully, globalization which be a huge positive for your country n years to cone
I'm great though slightly buried in comments. I spent 4 hours responding to comments to realized my wifi wasn't connected and all my responses got lost so now going through everything a second time for the past couple of weeks!
Great question. You have to find a way to save money from your income and designate it to investing. Much of this can come from frugality strategies. We will go over this in detail in a future episode. In short, when you view every dollar you save as having to potential to earn you $100 as an investor you will be more motivated to clip coupons and find ways to save money for future investing. You have to start somewhere.
Maybe I'm not drinking the same kool aid as u guys but I believe this is a bad venture. Investing in commercial real estate with an idea to exit after 2 years? What if real estate tightens up incredibly along with our credit markets..? Not only is this real estate, its commercial real estate and highly dependent on consumer spending and speculative resale. Commercial real estate plummeted between 07-2012. Stick with stocks guys, I like you're channel but shelve your property ideas. We have seen peak real estate and a slow falling knife has begun. My two cents.
Hey Max, thanks for sharing. We would typically not look for this type of investment, but in this case the land was able to be purchased at a discount to its actual value and the plan is to divide it up and sell parcels, not actually building and developing - and only a portion of the purchase is being financed by investors and the rest by a traditional bank loan. Lower ROI than many of our investments, but a 2 year exit strategy is also shorter than just about any startup/angel/seed type investment we could make. Clearly not as liquid as public stocks, where the majority of our money is invested... but we’re hoping for a good 2 year return
Dumb Money Hope it works out for you guys. My skepticism meter went up when the one gentleman said there's virtually no risk. Knowing real estate spec pretty well, subdivision of a large parcel is typically done by a seller wanting to "move" property, spreading the deal out between multiple buyers to raise otherwise unavailable cash. Anyway, keep up the good work, and again, best of luck!
Smart to be skeptical. We are hoping the property gets developed before the next recession hits. Also, we sized our investment small, being that we don't have expertise in this space. We see this more as a first hand learning experience. We will share with you exactly what happens.
Where is the best place to get intra-day stock data for free/very cheap on both equities and ETFs? I recently got to see under the hood of an unbelievably successful forex AI and want to experiment with writing something similar.
Depends on how granular you want the data to be. Even CNBC.com has real time stock quotes for free these days. We don't do a lot of intraday trading so aren't duper familiar with what is available.
@@DumbMoney it's not really for intraday trading, I want to analyze intraday events and see if I can pick up on longer term trends earlier. Right now I'm working on a game project (using Unity!), but I'll probably buy data from kibot when I get around to that project.
I (Chris) regularly monitor PeeDiePie for purposes of investment idea / discovery but don’t watch all of his episodes simply due to lack of time. He is a mega huge influencer we need to keep an eye on
Dave here - I was sub’d to PewDiePie at one point but un-sub’d because I don’t routinely watch and he was clogging up my feed. What are your other favorite channels?
Been bingwatching all the episodes. Keep up the great work!
That is great to hear. Trying to get some more episodes out for you soon.
สวัสดีครับ
I dont mean to be so off topic but does anyone know a method to log back into an Instagram account?
I was dumb lost my login password. I appreciate any tips you can give me!
@Torin Karter instablaster =)
@Augustine Landon I really appreciate your reply. I got to the site thru google and Im trying it out atm.
Takes a while so I will reply here later with my results.
Hi, I love these videos very informative, straight forward and chill...QQ: I just graduated high school, what career would you suggest I look into I have a lot of potential for any field but no first hand insight as to what career path is good (rewarding) and also not overly saturated here in 2019.
P.s. I’m also from Texas 🌿 (..and Jamaica 🇯🇲)
We are pretty naive on blockchain and don't think we can outsmart other investors who are deep in that space. Not a ton of those types of investable blockchain companies here in Texas either. That said, I agree that blockchain has crazy big potential
Also, whatever career you go into just remember to invest on the side to open up your opportunities later in life. There is no right answer. I know people who make good money in jobs they dislike for a while to later transition to industries they have a passion for once they have more money saved for security. Just remember to invest! We will cover this in a future episode
Thanks a lot really appreciate it! I’ll get some studies going on block chain and investments are a must won’t forget that thanks again...looking forward to the next video as well 🙏🏻💯
The Rally Rd concept is so cool and interesting, great channel you guys, you have a fan here in Venezuela
Thanks. Love Rally Rd. Be sure to visit them in your ever in NY
@@DumbMoney of course!! after having pizza 😂 (can't forget the food reference with you guys)
Hey there Dave here! Your going to NZ? That is fantastic :)
Dont forget to vlog about it. Wine is a particular thing you might be keen on "investing." They got some good ones in Marlborough and also near Queenstown.
Lake Tekapo is one of the best lakes... EVER.
Don't forget to hike Queenstown trail and Kaikoura Peninsula!
I can show you photos of it if you want to! Kudos.
Dave will definitely be vlogging some of his trip. 3 weeks in paradise. He better come back with atleast one prospective NZ startup!
Hey Dean, thanks for the tips! We started out in Auckland and spent a some time “investing” in the wineries on Waiheke Island. We’re on a sailboat in the Bay of Islands now and next week will explore the South Island.
-Dave
Enjoy! Hahaha soil is particularly good there with lots of variations
Filling in flood plain will likely get reviewed by the city zoning board; don't assume it's a given. I wouldn't buy-in until I talked to someone at the city, and perhaps had it in writing that fill-in will be allowed to some point on the plat.
Great point . Its our understanding that they have all the permits to do so. We are not savvy in this area of real estate development and are relying on our developer friend Ryan who was the guy in the video explaining the opportunity. Thanks for lookling our for us!
Cool video! You guys make it look so easy..
thanks. definitely not easy. we sweat every investment!
fellas, always go to Hutchins BBQ when in Frisco!
loving the channel
Thanks Philip! I prefer BBQ tips to stock tips any day lol -Dave
I am sad that when I was able to watch this video, there were already 333 views ☹ my own record so far was 5…wanna be the first viewer of any of your future videos. Fingers crossed 😊
My question is; what do you think about real estate tokenization platforms such as Atlant.io (Post ICO but still under development) for investment like the one you showing in this video? Would you be interested in tokenizing your property if legal would be ok? Do you think SEC or any other authority in America would issue such grants for tokenizing real estate as the transfer of ownership (even though it sounds easy on server) from person to person or transfer of title deed is not that easy?
Hey Ethan - we try to publish a new episode every Tuesday morning. Thanks for your persistence! I’m not familiar with The Atlantio platform but will check it out.
Love you guy been with you since 8000 sub. Keep up the good work.
Appreciate the continued support!
New subcriber from Nigeria !!!! :) :) Loving it already!
Love our Nigerian subscribers. Thank you for following!
Can you explain the reason why the 5m lot became 10m in two years?
I dont quite understand why digging dirt will ROI 50% for shareholders.
Also, a portion of the development is loaned from the bank? The other is financed through equity? Can I have a clearer picture of this?
When the lot is valued at 10m, you ask the owner to buy you out? How about his operating cashflows? He might need to take out another loan to pay for the investment.
Requesting information here
I’ll do my best to respond accurately but remember we are new to this type of investment so still learning ourself. The developer is taking raw land, preparing it for retail (grating / use permits, etc), then slicing the land into numerous sub divisions which are resold at roughly a 2x premium to companies for their specific use. For example, the plot is 6x too big for a McDonald’s or a bank so they would never purchase the land raw. They would however consider purchasing the smaller corner sublot at 2x the price. Once anchor tenants are landed, smaller tenants step in and do on. It actually fairly straight forward. Even if the land is split up and sold for 2x the investors would only say roughly half that upside after paying land construction, interest, developer operational fees, etc. this equates to a 20-30% return annually over two years, roughly 50% ROI for investors if all works out. We will be sure to update you as the project progresses and it will be interesting to see how well we do relative to that 50% ROI expectation, which is in line for these types of deals.
Okay this is understood. Its a "sell" deal. I was thinking of it as a rental transaction.
Just downloaded Rally Rd! I've been looking for alternative investments since my stock trades are restricted so thank you!
Hello afternoon 12/04/2019
Thats awesome Laura! I don't think I am going to make many more investments other than the Ferrari but its fun to try. I just don't know enough about all these cars. - Chris
why not giving more blueprints and advices for beginner investors ? it would be great ! thank you...your channel is awesome.
wish you good luck, much love.
They are coming, we promise. Appreciate the feedback!
Which state/ city is best for investment, start-ups if you are planning to come to USA for student visa?
We are partial to Dallas or Austin in Texas but if you can afford it and have a good network the most funding is technically in San Francisco. Texas we think has the brightest future for start-ups for reasons including accessible and recruitable talent, low-ish cost of living, and a business friendly environment. Also, we have great access into larger corporate headquarters
Your never gonna see this but what’s the amount u need to buy into your avg investments and do u have to pay a lawyer to draw up stuff or the company will cover the cost
Heyy got late to comment the video. Haha. Well im just loving the vdeo as usual. Just a quick question.. Some people ask which platform of software to start investing.? Ordo we randomly need to research some companies just like you guys did?
And how much capital to start up minimum to investing.
Hey Jazmi - you can get started investing in stocks with minimal money... using a commission free broker like Robinhood, you can start with just buying what you can afford. Our strategy often involves us seeing a trend in the “real world” and relating it to how that might affect the company’s stock.
Love your content. I just started investing in stock market last year and planning to invest in real estates. Texas seem to be a great place to invest. I have met with couple real estate agents in Austin and San Antonio. Is there any place other than this two city you would recommend me. Thanks.
Great video but abrupt ending. It was great seeing an investment outside of tech. I also have to agree with Chris on the strip malls. They do not add any aesthetic value.
I hate those strip malls. I guess I’ll hate them less if I can atleast make money off developing one
Very nice development
Thanks you Asare
Oh Jordan, you love suburbia!
So true. -Chris
Can you guys explains the cars shares more in details good video
Thanks... There’s some good info on how it works on the Rally Rd. website... rallyrd.com/faq
Is the Rally Rd concept similar to NFTs?
Nice to see that you are considering some investmets in the Real Estate realm 🤑😁
It’s definitely not our primary focus and I don’t expect us to invest much more in the space. Just dabbling in it for now out of curiosity. In Dallas it seems like every other person, friend we have is a commercial real estate developer so now we will atleast have a better understanding of their world
@@DumbMoney what is your restaurant called , so i can visit if i ever come to texas
For sure. It’s called Chelsea Corner. Also, Dave is co-owner (with our friend Len) of a bar here called Inwood Tavern, one of the oldest in the city
Gents, your show is very intriguing and after every episode I get this surge of inspiration to invest. Continue the amazing work! I would be a plus if you could also walk through the process that you follow to invest in certain companies. What principles do you have in place that allow you to follow through on the investments?
Thanks. Totally agree that we need a deep dive on process. Strategizing on that episode now so coming here in next couple months. We have a couple startups that we are deeply engaged with and working through the decision making process now so timing is right
You guys ever planning another Trade Board?
Trying to find a trade worthy of featuring
Hey Guys, Thanks a lot and your video is encouraging and inspiring for newbee like me...We are two friends with roughly $1.5M cash... Not sure whether flip houses, buy some land and develop to residential project or build a warehosue? Totally blank. (We are in no point of time will take loans but may gather investors)... plz guide
First, congrats on getting hold of $1.5 million to invest. So many questions to be able to even comment on this one. Perhaps you and your partner should visit us in Dallas and we can discuss in person as that is a huge decision. Since we are not investment advisors and don’t know your tolerance for risk we can’t make a formal recommendation but can tell you what we would do if we were in your situation. We would likely diversify between cash flow, moderate risk, and high risk which is how we balance our portfolio today. We lean into our expertise which happens to be trading public markets via social arbitrage strategy and investing in early stage to mid stage private companies. We don’t currently have expertise to dive into real estate or house flipping but occasionally allocate money in those asset classes through people in our network that we trust. We will try and dive deeper into this question in a future episode
Can you sell those shares of the car to someome else like a stock? So basically I'm saying is it liquid?
Yes. From what I know trade windows for each vehicle open up for a few hours every month and you can sell in the open market. Spoke to a few other investors active on the platform and they say most of the cars have been appreciating in value on the secondary market
The close up camera should be visible from the wide shot. TH-cam is not TV, the more organic you look the more success you'll have.
Thanks for the feedback. We will discuss
go crazy chris hahaha
love the show
Thank you!
Does investing in a land of farm is good for a cheap price but the location is beside a small road?
We don't now much about land deals but assume that is entirely dependent on the likelihood of that land and/or surrounding land being developed as development is what ultimately drives the value up/
Wanted to add to the dump of comments as well. Also, I’m a big car guy myself as I own an investment vehicle (1981 DeLorean) so the Rally Rd piece intrigued me
That DeLorean is amazing. Dave us a huge back to the future fan. I got him one of those limited edition Pepsi Perfect bottles a few years back - Chris
I'm very interested
Thanks and we are very happy to have you as a subscriber
Pretty cool yo..
driving chris crazy
Thanks. Been getting myself prepared for this
I love the way Chris went around the car asking if anyone knew about the land development world, but you are still considering it! What gives you guys the confidence to jump into an investment with little to no knowledge about the industry?
The short answer is position sizing. We went in this deal small with an intention to learn through the process. If it goes well we come out better educated and could consider getting into similar deal types with larger allocations
@@DumbMoney Thanks for your answer! I'll keep that in mind for any new investments where I lack experience. (I just hit the ring bell to catch those notifications)
Would you invest in my startup, Landgrabs, an equity based real estate crowdfunding platform, in the Bahamas?
Sounds super cool but unfortunately we are overwhelmed with local companies and not investing in startups outside of Texas at this time. If bandwidth opens up we will consider widening our net in the future. Good luck with your crowdfund venture. Bahamas are great!
Take foldable Gizzo Grill with you to the competition :)
Never heard of that grill
Hey Dumb Money. Love your shit. So what is it like investing in sweden?
We generally invest in Texas but perhaps someday we will start investing outside the country
Driving Chris crazy
I can handle it!
Would you guys ever consider investing to EU (outside of UK, cuz Brexit lol)? I'm from Estonia (northern Europe) and would like a US investor perspective on EU markets.
Thank you!
Eventually we likely will but right now we are overwhelmed with local startups and are focusing exclusively on those opportunities as they are easier for us to analyze and work with
There seems to be a very strong tech startup community in Estonia that I’d like to explore. We currently do not have any visibility into deals or a good understanding of the market - perhaps I need to plan a visit there! -Dave
Okขอบคุณครับรีวิว
Hi, I am a lecturer in a Government University of Pakistan. Can you invest in an idea outside USA ?
I hope I get lucky enough to get your guidance.
We currently focus on local companies through our network but are working on an investment pitch competition for our subscribers in other countries with companies. Stay tuned.
love it
Thanks!
America such a land of prosperity. Everything is developed, gives me hope that the third world country I live in will have demand as strong as that in the future.
Also, a land development every mile? Is this true?
What is the population of this 1 mile x 1 mile property? Is demand really that high?
It’s truly amazing to see. America feels overdeveloped in many places. Hopefully, globalization which be a huge positive for your country n years to cone
We were told 15,000 cars drive by this location daily.
Yes, I will take note of 15,000 cars figure. Maybe will be helpful when I get older as an indicator for development. How can a person find these data?
Not sure. Think its a real estate developer dat source we are not privy to as we generally don't invest in real estate
Yes, we have the internet in New Zealand. Seriously?!
It is hard to believe, lol.
So, how is Chris?
I'm great though slightly buried in comments. I spent 4 hours responding to comments to realized my wifi wasn't connected and all my responses got lost so now going through everything a second time for the past couple of weeks!
So if you have no money how do you make money?
Great question. You have to find a way to save money from your income and designate it to investing. Much of this can come from frugality strategies. We will go over this in detail in a future episode. In short, when you view every dollar you save as having to potential to earn you $100 as an investor you will be more motivated to clip coupons and find ways to save money for future investing. You have to start somewhere.
meta data information arb....Graymeta !!!
That’s right!
hi from İstanbul!
Hello Istanbul. Amazing when we find followers in the opposite corners of the globe. Happy to be connected now.
@@DumbMoney that's great if you need anything from here please let me know
Leaving this comment just so Chris goes crazy 🤪
have you guys ever try to invest in other countries? Cambodia, Singapore, condos in Thailand, high rise condos in Macau, etc.......(THINK GLOBAL)
Just in Texas right now and at capacity but in time we will maybe get there
Maybe I'm not drinking the same kool aid as u guys but I believe this is a bad venture. Investing in commercial real estate with an idea to exit after 2 years? What if real estate tightens up incredibly along with our credit markets..? Not only is this real estate, its commercial real estate and highly dependent on consumer spending and speculative resale. Commercial real estate plummeted between 07-2012. Stick with stocks guys, I like you're channel but shelve your property ideas. We have seen peak real estate and a slow falling knife has begun. My two cents.
Hey Max, thanks for sharing. We would typically not look for this type of investment, but in this case the land was able to be purchased at a discount to its actual value and the plan is to divide it up and sell parcels, not actually building and developing - and only a portion of the purchase is being financed by investors and the rest by a traditional bank loan. Lower ROI than many of our investments, but a 2 year exit strategy is also shorter than just about any startup/angel/seed type investment we could make. Clearly not as liquid as public stocks, where the majority of our money is invested... but we’re hoping for a good 2 year return
Dumb Money Hope it works out for you guys. My skepticism meter went up when the one gentleman said there's virtually no risk. Knowing real estate spec pretty well, subdivision of a large parcel is typically done by a seller wanting to "move" property, spreading the deal out between multiple buyers to raise otherwise unavailable cash. Anyway, keep up the good work, and again, best of luck!
Smart to be skeptical. We are hoping the property gets developed before the next recession hits. Also, we sized our investment small, being that we don't have expertise in this space. We see this more as a first hand learning experience. We will share with you exactly what happens.
Research EOS
Will do, thanks
Where is the best place to get intra-day stock data for free/very cheap on both equities and ETFs? I recently got to see under the hood of an unbelievably successful forex AI and want to experiment with writing something similar.
Depends on how granular you want the data to be. Even CNBC.com has real time stock quotes for free these days. We don't do a lot of intraday trading so aren't duper familiar with what is available.
@@DumbMoney it's not really for intraday trading, I want to analyze intraday events and see if I can pick up on longer term trends earlier.
Right now I'm working on a game project (using Unity!), but I'll probably buy data from kibot when I get around to that project.
Hey Chris. Normally I'd write something of at least some value.
Your forgiven this one time
Two 🙈
Your so funny McKinney isn't that far
Depends on one’s perspective! We are definitely spoiled as it relates to commuting living close to downtown
three
Thanks for all 3 of your comments!!!
@@DumbMoney ^.^
One
How many of the dumb money team is subscribed to PewDiePie?
I (Chris) regularly monitor PeeDiePie for purposes of investment idea / discovery but don’t watch all of his episodes simply due to lack of time. He is a mega huge influencer we need to keep an eye on
Dave here - I was sub’d to PewDiePie at one point but un-sub’d because I don’t routinely watch and he was clogging up my feed. What are your other favorite channels?
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Thanks for that
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1st comment
NIce. Thank you!
2 Nd comment
And thanks for the 2nd!
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And that
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