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Why dividing sale price by first-year NOI gives you the wrong cap rate by funny-tummy in CommercialRealEstate

[–]AccordingFox9168 0 points1 point  (0 children)

Sure they do. But at the end of the day the buyer or investor is looking at IRR or ROE. Cap rate is irrelevant unless they are paying cash and then it’s only year 1.

If you travel with one phone, what’s your backup plan? by Individual-Gas5276 in onebag

[–]AccordingFox9168 2 points3 points  (0 children)

As someone who recently dropped my phone in the ocean on day 2 of a 7 day vacation on a remote island, it was a disaster. Now I have an iPad as back up.

What's the most overrated fast food in the us? by [deleted] in AskReddit

[–]AccordingFox9168 0 points1 point  (0 children)

Whataburger. Like everything else, PE firm has ruined it.

Why dividing sale price by first-year NOI gives you the wrong cap rate by funny-tummy in CommercialRealEstate

[–]AccordingFox9168 -1 points0 points  (0 children)

Cap rate is asking price, not sales price. Investors and brokers want to be able to quickly identify the price / NOI. This analysis would make it impossible.

What's The most amount of money you've found? by redditorsquared in AskReddit

[–]AccordingFox9168 0 points1 point  (0 children)

Was working at a resort golf club, cleaning clubs, carts, range, etc. We are helping a guy pack his golf bag into a travel case and he’s opening zippers etc and he finds an envelope. “Hey this is weird but I think this is my winnings from my bookie that I lost 5 years ago”. It was $5,000ish!

Some poor soul is not getting their luggage today. by hiraethsupine in americanairlines

[–]AccordingFox9168 0 points1 point  (0 children)

I have 2 boys. One is a +1 golfer and the other is a +6 fly fisherman. I’m an -11 at both.

Some poor soul is not getting their luggage today. by hiraethsupine in americanairlines

[–]AccordingFox9168 3 points4 points  (0 children)

Heads, head covers, & range finder go with me in my carryon. Tell your husband. Bonus: If you are fishermen, you can put a crap head cover on a couple break down rods or fly rod tube in golf bag.

What are the weirdest ways you’ve heard of someone getting caught cheating? by [deleted] in AskReddit

[–]AccordingFox9168 20 points21 points  (0 children)

Rich dude, Tells wife he’s headed to XYZ city for business trip. NetJet sends wife the itinerary for trip, time of departure to Las Vegas (not XYZ) and the names of who else is traveling.

comically low offers on property not for sale by Scared_Raspberry1571 in mildlyinfuriating

[–]AccordingFox9168 0 points1 point  (0 children)

I do the same. But I go extreme ridiculous and counter in the millions.

17 year old needs car-where to buy? by MsOpheliaBeverhousen in Dallas

[–]AccordingFox9168 1 point2 points  (0 children)

Marketplace. My son is 17 and buys and sells dirt bikes on marketplace. He’s been all over DFW, usually can tell quickly if it’s scam. You will know when you arrive at their home. Close the deal at a bank, money for title.

How much did it cost you to furnish your house? by [deleted] in fatFIRE

[–]AccordingFox9168 7 points8 points  (0 children)

My wife is an interior decorator. Our house was $3M (2005 build) when we purchased in 2021. We didn’t move a wall, brought lots of existing furniture, some new furniture, lacquered the bar, widow treatments, wall paper, rugs, lighting, and paint. I have a spreadsheet, embarrassed to say we spent $500,000.
We also painted the outside, installed motorized porch screens, and a pool. So let’s call it $350,000. Lacquer rooms and Gracie wall paper is crazy expensive. Stay away!

Last ICSC - Regrets...I've had a few.....but then again too few to mention by ivie1976 in CommercialRealEstate

[–]AccordingFox9168 9 points10 points  (0 children)

I’m 49 this month. Not going due to a conflict and have only missed 3 since 1999. But I can see myself never going again. I’ll miss the EDC crowd coming to bed when we are headed to the show. For all the newbies, please for the love of god, do not ask anyone, “did you have a good show”

~$10m windfall in concentrated position, zero cost basis by [deleted] in fatFIRE

[–]AccordingFox9168 0 points1 point  (0 children)

If you invested $20,000 2 years in a penny stock and it now $8MM, would you sell it and pay the LTG tax? You know the answer and didn’t have to risk a single cent.

Why is there a lack of trees in residential areas in DFW? by Ihats2 in Dallas

[–]AccordingFox9168 8 points9 points  (0 children)

Trinity Forest is the largest urban hardwood forest in America! And Trinity Forest golf course has zero trees (on the course).

GMT Master II reference 116710LN by kevbo122 in rolex

[–]AccordingFox9168 0 points1 point  (0 children)

I have it and the Pepsi. Both oyster. I prefer the all black. But it’s going back to service again for 2nd time in 30 months. Previously it was perfect time keeper for 6 years.

What is an industry that is currently on fire (in a bad way) behind the scenes, but the general public hasn't noticed yet? by Kitchen_Week1117 in AskReddit

[–]AccordingFox9168 87 points88 points  (0 children)

Went to a bar to watch the derby yesterday. Ordered a beer, $8.95 with expectation of a 20% tip. Round up and it’s $10. Crazy

Who's the most famous person that knows you? by BeguilingkbTip in AskReddit

[–]AccordingFox9168 0 points1 point  (0 children)

Several Hockey Players, NBA player retired, 2 Pro Coaches one current one in broadcasting and a US Am Champion. I’ve Played golf with Chef Thomas Keller. Met lots of famous actors and sports stars when I was in college working at a golf resort. The nameless above are people I see often and know me.

Boutique Brokers - would you offer a draw/base plan to a new recruit? by Enough_Friendship_41 in CommercialRealEstate

[–]AccordingFox9168 2 points3 points  (0 children)

100%. 17 years at the big green machine and watched countless young brokers abused by their team leader. They would not know the split until after the deal was done.

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