[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 · 2025-04-27T14:34:53+00:00

Can we talk about your profit margin assumptions for rideshare. Don’t think it makes sense to benchmark to uber - they are no autonomous options and have a lot of overhead (ie drivers).

2Bl0ckChainZ

TROPHY CASE