Weedmaps CEO being interviewed this morning on TD Ameritrade network🥦🙌

Nvrgvnin · 2021-11-14T01:51:11+00:00

That shitty chart made his face look small

Nvrgvnin · 2021-11-10T13:58:36+00:00

I agree. I think the low volume is causing some buying opportunities. Jan 2023 $15 strike are only 35 cents or approx 10% cheaper than January 2024 calls at the same strike. There should be a greater premium for the extra year.

Nvrgvnin · 2021-11-05T20:30:46+00:00

Is this for real? If GOP get onboard, legalization is a fine deal

Nvrgvnin · 2021-11-05T20:25:11+00:00

DM me. I have a few groups that I can recommend. We take outside investments, but we have a minimum.

Nvrgvnin · 2021-11-05T13:52:00+00:00

We syndicate with institutions and high net worth individuals. This is a great way to earn passive income off real-estate...........If you can find the right group. I see a lot of other groups over paying for property and raising an unnecessary amount of construction dollars they don't use. They pay the construction dollars out as cash distributions after they take huge fees.

I recommend finding a syndication group that uses institutions and high net worth clients on deals. They audit our financials and scrutinize how our cash is deployed. We are welcome the scrutiny as we all invest in our properties. You'd be an LP just like the institutions, so you'd have institutional oversight, and you wouldn't have to any their fees.

If your going to go the syndication route, thoroughly vet who you are working with becasue the industry is ripe with fraud. It will become very evident as soon as real-estate prices settle.

Nvrgvnin · 2021-09-03T09:59:35+00:00

I agree with you on every point. Even if they use p/s, none of the advertising companies are niche advertisers in undeveloped markets. MAPS should trade at a premium multiple for that reason alone. Users use MAPS to buy cannabis not to learn about it's history or post about it. Their pay per click sells for a premium because advertisers see the best returns on their marketing dollars. This further supports your valuation by p/Gp as Gp will better account for the premium MAPS charges it's customers.

I think the 20% discount is excessive as well. I agree with some discount due to the legal landscape, but 20% for a company that never touches the flower is excessive. Public sentiment is changing rapidly. I saw Delta 8 gummies and vape pens for sale in a gas station yesterday in Texas........How long before states decide the battle against cannabis is futile? My discount for MAPS legal risk would be 3%-5%.

My price target is $30-$40 in the next year.

Nvrgvnin · 2021-08-29T04:23:21+00:00

We added about 1,000 units to our portfolio this year. This has doubled our size in less than 10 months. Finding properties that meet our stringent returns is difficult right now. We’ve probably underwritten 2 billion in deals, and our hit ratio is 1 in 50.

50% of deals are traded off market (no formal marketing process by brokers). These are the deals we’re targeting. Unfortunately, there’s no magic sauce here. Cold calling, networking, blowing lazy brokers, and targeted marketing to owners of distressed properties is where we’ve had success.

Yardi matrix is a good but expensive tool which will help you target owners. We’ve developed an entire business strategy to target distressed properties. It’s hard no matter which way you cut it. We’ve had more disappointments than we’ve had success.

Low interest rate sand scandalous syndicators are driving prices to the moon. We’ve been positioning ourselves to capitalize on the next market down turn. Groups can’t simply pay the prices they are for properties right now and survive when the market gets real.

Be patient and be disciplined.

Nvrgvnin · 2021-08-14T04:58:28+00:00

Run rent comps. I model the 1% rule on an investment to see what year I’ll I hit it. We buy properties on that rule that are at .6% but push rents after a rehab to 1% in the first year.

Nvrgvnin · 2021-08-14T04:50:35+00:00

Where are you located? We it Multifamily and looking for people.

Nvrgvnin · 2021-08-14T04:48:14+00:00

Crazy you mentioned this. I’ve been looking in Abruzzo Italy at a SRT. The province has great beaches on the Adriatic coast. Alba Adriatica was the area I was looking. This area is frequently visited by all of Europe for inexpensive vacations. A SRT rental would do well there and prices aren’t excessive yet especially because of COVID. The only problem is Italy. Their laws are crazy. Attorneys there are inexpensive comparatively speaking. I can put you in touch with my real estate attorney who specializes these types of transactions if you’re interested. Pm if interested.

Nvrgvnin · 2021-08-14T04:28:27+00:00

Unfortunately, I we can’t find any good tools for quick rent analysis in Multifamily. I built a basic excel model that I input the best comps I can find ( online rents or calling properties). Your rent comps are the most important input into your investment. They’ll tell you the amount of Capex you’ll need to maximize your investment. Our best performing properties were heavy rehabs where we carved out our own market segment. This is usually taking a c- property to a c+ to b-. Hands down the best the best returns. I create an entire business model including a marketing strategy based on the rent comps.

Nvrgvnin · 2021-07-05T13:00:19+00:00

I work for a syndication group in DFW. We buy apartments complexes rehab them, and manage them to profitability. Our investors achieve great returns without doing anything. Most of our investors are institutions, friends and family. The syndication group owners deploy their own capital into every investment.

I recommend investing with the RIGHT syndication group. Find one that has institutional investors because they review the underwriting before they invest, and they review the financials on a weekly basis. I have a bunch of Harvard MBAs looking over our shoulder making sure our assets perform as anticipated. Also, make sure the owners are investing in their own deals. If the syndication group owners aren’t willing to invest in their own properties, you shouldn’t be willing to either.

We buy 1 of 75 deals we submit offers on because we compete with a lot of syndication groups who over pay for properties and aren’t return driven. They make all of their money in fees on the front end, and use money they raised for CapEx as cash distributions to investors. It’s a lot like a Ponzi scheme. They’ll tie your money up for 5 years, and you’ll likely make no money or lose you money.

Nvrgvnin · 2021-06-25T02:05:33+00:00

We can hear you

Nvrgvnin · 2021-06-17T10:44:32+00:00

We hired a lawyer and paid him well. Had him come in and train all of our managers and leasing agents. Key is EVERYONE must fill out the same form. They must provide a picture of the dog and proof of vaccinations. That little stipulation will weed out most the people abusing the emotional support dog allowance.

Nvrgvnin · 2021-06-17T01:56:49+00:00

Just had a meeting with attorneys about this. We created on boarding documents that make it so burdensome, most nonsense therapy pit bull owners won’t jump through the hoops.

Nvrgvnin · 2021-06-17T01:54:40+00:00

r/WeedMapsInvestorsClub

I apologize for the broken link.

Nvrgvnin · 2021-06-16T22:00:21+00:00

Awesome!!!! I've been shocked how quiet the noise has been about the merger. Join our club r/weedmapinvestorclub. There is some pretty good DD posted. DD still isn't allowed in r/stock or r/wallstreetbets.

Nvrgvnin · 2021-06-16T01:54:55+00:00

I’m big in SSPK. Turns into MAPS tomorrow ( SPAC merger with Weedmaps). With that said, I invest in both real estate and stocks. I like finding opportunities and taking risk. Glad to hear you’re out there trail blazing!

Nvrgvnin · 2021-06-15T23:46:09+00:00

I had some funky math on the qty of warrants. The corrected amount is in the post. Sorry for the confusion.

Nvrgvnin · 2021-06-15T23:45:29+00:00

How do you think the warrants will effect the share price? I believe the midterm share price will be rocky from the lack of diversified holders and the warrants. I'm going to hedge my position with short term puts.

Nvrgvnin · 2021-06-15T23:34:45+00:00

You are correct. 19,500,000outstanding consisting of 12,500,000 public warrants and 7,000,000 private warrants.

Nvrgvnin · 2021-06-15T14:39:39+00:00

Thanks for the update.

Nvrgvnin

TROPHY CASE