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premfan

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Everything posted by premfan

  1. Thank you Charlie. Rest in peace.
  2. I like your writing style. Professional wordsmith. A 4.5 cap rate would imply a very high quality property. With minimal ways to value add. Except pricing power down the road. A person not in the public domain once told me " In the real estate game you focus on the lowest of the low end or the luxury end. No middle ever!" That said, its all relative to the market. Low end in LA might be luxury in the heartland. Its either distressed in a good location and having a creative idea to increase earning power or just buy luxury and golf. Why are reits so low? I dont' know. On paper reits seem like a better alternative.
  3. I would frame it too! Last year i started using the automatic sprinklers on the lawn. I received a call from the provider asking if I was aware of a leak cause my water bill was about 2.5x more than normal. I explained more water consumption cause of lawn. Just wow I wouldn’t know what to do if I saw that bill!
  4. Wow for some context roughly how many units does your friend own. I thought my water bill for properties were high maybe not..
  5. The providers give usually at least two weeks notice. Either via paper mail or sent to owners email. Not sure why your friend was surprised.
  6. Great post thank you. The dougishere entity that deleted his post is also on Reddit security analysis. He seems to behave differently on that site. Fascinating that platforms change behavior.
  7. Interesting.. I believe its time for our chairman to do a paywall....
  8. No knowledge. The thesis seems sound. Since i have also experienced this. In a mostly zero sum game. The end game is less arbs. Less secrets. The payoff now seems to have shifted subtlety to being right.
  9. Thesis on Kramerica Industries: Pros - Coffee table book division is gaining traction. - Hidden assets at cost " early 1990's NYC real estate". Cons - Assman ligation might take focus away from management Disclosure : long
  10. For the cypto guys i noticed dennis rodman on his trip to north korea was wearing a potcoin.com shirt. Thanks for all the inputs. Truly a great study in what extreme scarcity and insatiable demand could create. I expect the winklevoss twins to grace the forbes list next year.
  11. Thank you for the post. Your level of math and thesis synthesis is above my pay grade. It seems to me that the blockchain and insert any currency that has trust could fundamentally change the bottom 20 percent of the world's population. This is a great service and invention if executed.
  12. Oh i forgot you can network like a madman with the public micro cap network. This Phenomena has grown exponentially. Most started as bloggers then came the conferences. Then came the membership to become a member to a exclusive club via newsletter or subscription based business. Maybe can get access to some public micro cap deal flow if add enough value to the main organizers and players of the public micro cap network phenomena. Sitestar is the first creation of the PMCN. There are others mainly lone wolfs though. Less Regulation here so the insiders should discern accordingly with the deal flow...
  13. For the private business's? Good website is www.bizbuysell.com. Local broker i know. Invest like the best podcast had a gentlemen on that was very insightful. I don't recall his name. Process always comes down to your value add. Start there and go down the rabbit hole.
  14. Haha. I'm actually quite interested. 49 percent for 2.5k so i can consolidate in the private holding company. I'll even add to his AUM if he wants to sell enough so i can consolidate. The private to public arb is widening. I found a local business with the building included that i'm doing DD on. With 4x ebitda for business (maybe scalable) and the building that is more on fair value side. But will migrate my downside if operator of business doesn't maintain. My only concern is i don't believe i can value add to the business. But its 4x ebitda..... But i don't believe TVA is there. It's always tough when TVA is not obvious.
  15. With 500k AUM ( 1 percent AUM usually market value). I'll offer you 2,500k for 49 percent of your company( you can have control). I'll value add through my private business work.
  16. Congrats. I read the paper on this forum late 2011 and the high conviction posters were framing this as digital gold. I loved the philosophy of the paper. The math i didnt understand so i stayed away. For others to learn( myself): 1.) What was thesis when invested? 2.) What is current thesis? 3.) When is this vehicle a sell? Or riding it out using power law? Thanks -premfan
  17. Luck is effects without observable causes. Science can't define since it can't be measured. Skill or Talent is self revealing and over time becomes obvious to the observer. Can't forecast or predict skill or talent its self-revealing. As a astute poster said its entangled. It happens simultaneously. Time reveals skill/talent and luck is presumed. As an investor job is to discern when its obvious.
  18. For being a learning machine= Tim Ferriss For venture tech investing/ tech insights= Exponent/ Origins podcast For business owners/ startup founders/ inspiration = NPR how i built this. Anything labeled as a niche or "blank" investing avoid. Listening to niche investing podcasts by osmosis you might follow the rules of the collective in that particular space. Mid cap investing podcasts would be novel!
  19. I own a franchised hotel. Without reading none of the recent content and focusing on the context of local business's. It's a cinch to buy a independent hotel then franchise it under an economy brand. Absolute cinch. The story: - Bought independent hotel right off highway small population about 60,000. - We did what the franchise required to get it to the standard of the economy brand - This took us about three months. Once in there online reservation system it went non-linear. - Pre purchase sales as i remember was 100-120k a year. Yes the hotel was in the red when purchased. Yet price under replacement value and once the sales rep confirmed with some work we can franchise it that was our value add. Or my trademark TVA ( the value add). It was our green light. - Normalized revenue since franchised has been between 20-25k a month in revenue. Not extraordinary but the hotel business has extremely amazing operating leverage. Also we structured it we think efficiently by having a on-site manager. All that being said, i am scared of Airbnb. With all this new supply there is a mini price war happening between our 4 economy brand competitors. We have no debt. So we will be fine. There will be blood with leveraged up hotels. Also if ever consider doing this gameplan never ever buy from a Khan or Patel. They have there own operating system and its beautiful. I briefly befriended a patel years ago and he explained the employee arbitrage system. They are truly master operators. You will not do TVA if you buy from them. Now i'm going to read the recent posts.
  20. The guys that framed this as digital gold( bitcoin) back when i first read about this space were absolutely correct back in late 2011. At least a 1000 bagger. This is by far the most non-linear price action i have ever experienced in the public domain.
  21. Hi Eric, I used to reframe a lot when I did a nine month experiment in Hollywood in 2011. I rarely consciously reframe anymore do to it's too calculated in nature. It takes serendipity and essence away from a interaction. That said, context matters and when I consistently reframed it was a way to push a narrative to my audience while setting up contingencies in advance to finish my narrative in the context of selling and influence. By you subsciously "reframing" without knowing about reframing signals highly evolved social skills or EQ as they say. I didn't mention value investing world as a source website. Probably the best curated content in our space. So good that if that gentlemen creates a paywall I would pay monthly. That said, most reading is spritual source books. Most of my reading in business/investing is case study in nature. And in our space I'm noticing a few collective bias that I intend to use when the environment comes. I read the popular newer books in our space only to detect bias in the collective. long post I got going. Lastly, YouTube videos in the context of business are greylock partners, Y combinator, and whatever is interesting that the master curator at value investing world delivers.
  22. Impressive reframe. The reframe added some context that you might be legit and not living in poserville. I add it to my list as well. The current list: Tim Ferries, James altucher, npr how I built this, Kevin rose the journal, and interesting youtube videos. That said, current learning attention allocation is 70ish percent reading spiritual books and 30ish podcast/youtube.
  23. Trend got traction in 2013. 4 years late with the podcast trend.
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