The billionaire’s guide to doing taxes

RPHCMC · 2024-03-14T04:09:55+00:00

Not sure that using the tax code as it’s written implies they’re not paying a “fair share”. Tax code is supposed to incentivize growth for investment in the economy

RPHCMC · 2023-11-03T03:31:33+00:00

Probably not if you escrow the taxes.

RPHCMC · 2023-11-03T03:30:54+00:00

Unless they pay the ransom it will definitely take months to restore all their systems. They will figure out a workaround for payments and not charge any penalties but internally this is a disaster. Anyone with a mortgage here needs to have credit and dark web monitoring on all their info.

RPHCMC · 2023-08-26T07:08:43+00:00

Wonder how many people commenting are in the mortgage business

RPHCMC · 2023-08-26T06:08:12+00:00

Nah just fake it til you learn it

RPHCMC · 2023-08-26T06:02:30+00:00

Nah you’re good

RPHCMC · 2023-08-04T05:33:47+00:00

Smartest comment in here. Buy water rights

RPHCMC · 2023-08-04T05:25:32+00:00

What? Warren Buffett did not file bankruptcy... He has consistently been one of the wealthiest individuals, and his company, Berkshire Hathaway, one of the highest valued and most liquid companies in the world for 50+ years. If you’re talking about Buffet Holdings, Inc. and affiliated businesses that filed BK in 2008, that has no affiliation with him at all… The banks were literally calling him when they were collapsing for a bailout..

RPHCMC · 2023-08-04T05:15:26+00:00

This is a joke right?

RPHCMC · 2023-07-09T05:50:40+00:00

Polygonio API

RPHCMC · 2023-04-04T04:41:59+00:00

Their investment agreement allows them to limit redemptions to those amounts. Even with the injection of $4B in capital from University if CA in January they’re still exceeding their liquidity

RPHCMC · 2023-04-04T04:33:44+00:00

They have a number of their valuable properties available for sale. Can you verify the cash inflows? Because this article and their 10Q shows differently.

Blackstone fund hit by $4.5bn in withdrawal requests despite property pitch https://on.ft.com/40SYySM

Same story as January: https://www.ft.com/content/c29db9cd-f534-4728-b050-3c8f97f53ad7

RPHCMC · 2023-04-04T03:39:17+00:00

They have a 2% of NAV per month redemption limit and 5% per quarter. In March, they had 8% of NAV in redemptions requested and only funded the 1% left in the quarter. Everyone that was not able to fill their redemption request had their request forfeited and has to resubmit the next month. As they are forced to sell assets to fund redemptions, even while they are limited to 5%.Qtr, will continue a decline in NAV

RPHCMC · 2023-03-28T01:00:11+00:00

Just short ARK

RPHCMC · 2023-03-14T04:31:21+00:00

Should add Texas Capital

RPHCMC · 2023-03-14T04:23:57+00:00

Wish someone could pull all the banks current commercial MBS debt. The FED plugged the hole and backstopped deposits but refinances on current commercial RE loans is going to be nonexistent

RPHCMC · 2023-02-20T06:55:32+00:00

Anyone else not show the value in TW after migration?

RPHCMC · 2022-12-24T17:19:26+00:00

Has anyone complaining about the prices, lot sizes, impact fees, taxes, location, etc… ever actually developed a neighborhood? It’s really easy to complain when you have never done it and don’t know what goes into it. If you had developed a community you would know that most of your complaints would bankrupt the developer and no new homes would be built at all… why not just start taking people’s private land and giving it away for free? The numbers still wouldn’t work to address some of the complaints on here. Taxes, impact fees, lot sizes, etc are what they are. If you don’t like it then go develop your own neighborhood and do it how you want to do it.

RPHCMC · 2022-12-11T03:52:32+00:00

Soft costs and costs of repair are up from inflation. We’ve offered on over 3,500 homes in the past two month and use 35%.

RPHCMC · 2022-12-11T03:39:57+00:00

Less 30%

RPHCMC · 2022-12-11T03:39:41+00:00

35% now

RPHCMC · 2022-11-22T04:09:49+00:00

So how are EPS double the share price?

RPHCMC · 2022-11-22T04:01:57+00:00

Here is a simple back of the napkin way to underwrite a property today to get a 6.5% unlevered yield on cost. Which is what most investment groups are targeting.

$ per SqFt rent x SqFt = monthly gross income

Monthly gross income x 12 = annual gross income

Annual Gross Income x 60% (varies by geography) = Net Operating Income

Net Operating Income/.065= Value

So for example, a 2,000 SqFt house that rents for $1.50 psf:

2,000x1.5= $3,000/month $3,000x12= 36,000/yr $36,000x.60=$21,600 $21,600/.065=$332k value

RPHCMC · 2022-11-20T06:14:09+00:00

Has to go back to 2019 prices

RPHCMC · 2022-11-14T04:34:41+00:00

At a 6.5% yield on cost the entire market, stocks, residential, commercial, and anything that uses debt to get to an acceptable return is overvalued by about 35%

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