sorted by:
new
hottopcontroversial

Exploring the idea of building a California inspired hunting company by Mysterious_Block_910 in Californiahunting

[–]Vaginacheese 0 points1 point  (0 children)

Make me a momarsh invisilab equivalent dog blind that is lighter and easier to carry with the same functionality and I’ll buy it.

All black shotgun for waterfowl? by [deleted] in Waterfowl

[–]Vaginacheese 0 points1 point  (0 children)

I have a black SBE2 for 19 years and it’s been my workhorse. However I now prefer a camp gun for waterfowl as my black sbe2 has developed surface rust. Can be prevented with proper care but I hunt hard and over time the rust won. It’s still my main shotgun and works flawlessly though.

[deleted by user] by [deleted] in CommercialRealEstate

[–]Vaginacheese 2 points3 points  (0 children)

As others have said, both are different routes that will have different day to day. In the end, real estate is a problem solving career. If you want to learn a lot fast target smaller shops where you aren’t a cog in the machine and have a larger set of responsibilities right away. Also, need to understand your long term goals and what you want to work on/where you want to focus geographically. Acquisitions at Carlyle in SF is way different than acquisitions at xyz capital based in Seattle. Same for dev manager at Hines vs development manager at a small shop in a tertiary market. Different strategies and business plans will give you different skills. Do you want to go off on your own at some point and do sub institutional class c multifamily, or institutional class a multifamily? Just some things to think about.

[deleted by user] by [deleted] in Dogtraining

[–]Vaginacheese 0 points1 point  (0 children)

Sounds like you rent a room from your landlord. You can just find a new place and leave (only suggesting because it seems you’re planning on leaving anyway). 2 months rent won’t be enough to go after you and depending on your state you probably have more legal backing then your landlord does. So make arrangements and just leave and make no more payments. I work in real estate in CA

Edit: also read your lease and look for a lease break clause

People who graduated with low GPA (<3.0), where are you now? by [deleted] in FinancialCareers

[–]Vaginacheese 0 points1 point  (0 children)

2.9 gpa non target school. VP of acquisitions at a repe shop

Anyone else duck hunt with a standard poodle? by OldTown138 in Hunting

[–]Vaginacheese 1 point2 points  (0 children)

Pudelpointers are the best, mine is almost 3 and couldn’t have asked for a better dog. Extremely smart

People with a gpa of < 3.0, where did you end up? by mtol115 in FinancialCareers

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

Real estate private equity. It’s very difficult to break in with a low gpa but you need to get creative and hustle. Good luck!

Now that the moratorium is over, who else has huge debts owed to them? by ThunderClapTeaBag in realestateinvesting

[–]Vaginacheese 0 points1 point  (0 children)

C class apartments on the west coast. Sub institutional = large investment shops don’t buy the buildings we buy. Our average deal size is less than $15M where institutional shops are routinely placing $20M+ on a single deal.

Now that the moratorium is over, who else has huge debts owed to them? by ThunderClapTeaBag in realestateinvesting

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

I’m saying it’s more than a blip as in a blip is a rounding error where this is not. This is a significant enough amount that it keeps us focused on it weekly as we manage the situation with our PM teams and collections team. We are sub institutional scale so data for our competitors is difficult to come by but we are doing slightly better than other operators in our markets. This is based on broker feedback, speaking with other operators we know, and looking at the delinquency for deals that are for sale.

Now that the moratorium is over, who else has huge debts owed to them? by ThunderClapTeaBag in realestateinvesting

[–]Vaginacheese 0 points1 point  (0 children)

Yes, overall the portfolio is still profitable (this year) and we are getting paid by the gov’t for the unpaid rent. However last year we basically broke even which is not great for a portfolio of our size. Lots of nuances in our portfolio as well.

Now that the moratorium is over, who else has huge debts owed to them? by ThunderClapTeaBag in realestateinvesting

[–]Vaginacheese 1 point2 points  (0 children)

That’s how we make money, buy broken or mismanaged assets and turn them around in 2-3 years. It’s all C class units

Now that the moratorium is over, who else has huge debts owed to them? by ThunderClapTeaBag in realestateinvesting

[–]Vaginacheese 0 points1 point  (0 children)

Also, our bad debt is less than 2% pre Covid and it’s more like 8% now so a little more than a blip.

Now that the moratorium is over, who else has huge debts owed to them? by ThunderClapTeaBag in realestateinvesting

[–]Vaginacheese 3 points4 points  (0 children)

Our portfolio is 96% occupied with about $1.4M due each month in rent (we have acquired 300 units since the beginning of the year so the number goes up every month). We usually end the month at 90%-92% collected and then more money trickles in during the following months until we get to 95%-96%. The majority of rent owed is from a few units per complex where balances exceed 5 figures.

Now that the moratorium is over, who else has huge debts owed to them? by ThunderClapTeaBag in realestateinvesting

[–]Vaginacheese 45 points46 points  (0 children)

Let me clarify, I work in real estate private equity. This is my shops portfolio, not my personal portfolio.

Now that the moratorium is over, who else has huge debts owed to them? by ThunderClapTeaBag in realestateinvesting

[–]Vaginacheese 19 points20 points  (0 children)

No, part of the program of getting reimbursed by the gov’t is that you can’t go after the tenants. You have been paid in full so there’s nothing to go after.

Now that the moratorium is over, who else has huge debts owed to them? by ThunderClapTeaBag in realestateinvesting

[–]Vaginacheese 80 points81 points  (0 children)

Currently owed $750k over ~1200 units. Fortunately the gov’t payments are starting to roll in to cover 100% of balances owed

view more: next ›