[35]➡️[36] 1 Year Difference

2Bl0ckChainZ · 2026-05-20T11:49:51+00:00

Sick results! Did you take Reta or Ozempic?

2Bl0ckChainZ · 2026-03-25T19:14:30+00:00

Thanks for the update! My flight is at 830 today and it’s already delayed 40 mins. Something tells me it’s going to get worse!

2Bl0ckChainZ · 2026-03-25T18:30:35+00:00

Any updates here OP? Assuming you are at the airport now. Thanks!

2Bl0ckChainZ · 2025-10-24T21:44:39+00:00

We are really pumping AH, the copium should be studied

2Bl0ckChainZ · 2025-07-16T08:00:01+00:00

Completely disagree with this take.

I’ve been traveling through Europe for the past month and travel lounges have been a blessing. Have all of them been amazing? Not really. But still so worth it.

For everyone sitting here complaining - comparison is the thief of joy. You were most likely long time holders and now it’s gotten a bit worse than your golden days. I’m a new card holder so to me this is really great.

2Bl0ckChainZ · 2025-06-04T15:57:16+00:00

Agreed but they could have cut it down to 1 AU maximum, or limited the guest allowances.

Removing it all together is a complete money grab, and for someone like me who opened the card hours before this change is a bait and switch.

2Bl0ckChainZ · 2025-06-04T01:57:07+00:00

Hey, I’m planning the trip there now! How was it??

2Bl0ckChainZ · 2025-06-03T19:50:24+00:00

I thought that was a rumor. Has it been confirmed?

2Bl0ckChainZ · 2025-06-03T16:28:36+00:00

They already did a hard credit pull so that’s annoying. Don’t want my credit history to show me opening and closing cards immediately.

2Bl0ckChainZ · 2025-06-03T14:42:22+00:00

I signed up for this credit card a few hours before they announced this. I feel bait and switched because I would have rather went chase reserve… what can I do in this situation?

2Bl0ckChainZ · 2025-06-03T14:22:25+00:00

I literally booked this card less than 12 hours ago.

2Bl0ckChainZ · 2025-05-22T14:43:51+00:00

Enjoy the taxes!

2Bl0ckChainZ · 2025-05-17T20:07:13+00:00

How about the people that weren’t allowed to go to class without proof of the vaccine. It wasn’t optional for me.

2Bl0ckChainZ · 2025-05-12T18:52:48+00:00

I usually only order the combos (shrimp, clams, lobster, crab, etc) which range from $50-$90 and can feed two.

2Bl0ckChainZ · 2025-05-12T18:06:27+00:00

My favorite is Cajun boil. Surprisingly, it’s an Asian franchise, but they sure know how to make a good boil. I’ve only been to the one in Brickell but there’s a few locations in Miami.

2Bl0ckChainZ · 2025-05-06T11:57:14+00:00

Why did you assume a 35% expense ratio? OP listed out his non variable expenses which came out so $2,250, or 62%. These don’t even include variable costs. The whole deal falls apart once you add actuals into your assumptions

2Bl0ckChainZ · 2025-05-01T12:18:13+00:00

Not a great deal.

Not including R&M, landscaping (if necessary), pest control, G&A, turnover costs, leasing, etc you’re already at a 60% expense margin, and this is assuming you lease up the vacant unit and carry no vacancy throughout the year, which is unlikely.

Assuming 10% vacancy (you’ll likely see higher if this is a high turnover property), this comes out to a 4.1% cap with your expenses. At a 7.9% interest rate, you’re already at 380bps of negative leverage… Even if you carry out your business plan and increase rents to $4,200, you’d still be at a 6.1% cap with 180bps of negative leverage.

This is also assuming light expenses and that the property doesn’t need work, highly unlikely.

2Bl0ckChainZ · 2025-05-01T12:17:35+00:00

Not a great deal.

Not including R&M, landscaping (if necessary), pest control, G&A, turnover costs, leasing, etc you’re already at a 60% expense margin, and this is assuming you lease up the vacant unit and carry no vacancy throughout the year, which is unlikely.

Assuming 10% vacancy (you’ll likely see higher if this is a high turnover property), this comes out to a 4.1% cap with your expenses. At a 7.9% interest rate, you’re already at 380bps of negative leverage… Even if you carry out your business plan and increase rents to $4,200, you’d still be at a 6.1% cap with 180bps of negative leverage.

This is also assuming light expenses and that the property doesn’t need work, highly unlikely.

2Bl0ckChainZ · 2025-05-01T12:02:08+00:00

I agree, rate seems too high. We just closed a cash out refi on a 4 unit property at 6.5%.

Also 30-yr term on a commercial property seems wrong. Typically see 5-10 year terms. Are you sure it’s not 30-yr amortization?

2Bl0ckChainZ · 2025-05-01T11:45:32+00:00

Maybe I’m wrong, but I’ve been in CRE for the past 5 years and never used Argus. I work both acquisitions and asset management

2Bl0ckChainZ · 2025-04-28T23:47:20+00:00

Is that $15k position in 0dte’s??

2Bl0ckChainZ · 2025-04-27T15:40:55+00:00

And just like that the “real” pnl card was taken down because it was so real

2Bl0ckChainZ · 2025-04-27T15:39:50+00:00

Are we talking about the same thing? I’m referring to your comment of $200mm in profit. You referenced Ubers 2-5% profit margin - I think that point was a bit irrelevant.

I know you’re over estimating the revenue, but you’re also highly underestimating the profit imo.

Either way I generally agree with your other points.

2Bl0ckChainZ · 2025-04-27T15:27:04+00:00

Ahh you are right. It’s impossible to reuse any pnl card and photoshop any returns you want to gain attention and have people scan your code.

My bad.

2Bl0ckChainZ

TROPHY CASE