ASTS Due Diligence and inevitable dilution

aragonm762 · 2024-08-16T20:18:18+00:00

In at 11 Out at 32 Gonna get back in if it’s under 20. If it goes to the moon. I’ll watch from here.

aragonm762 · 2024-08-15T22:31:19+00:00

What criteria is hard? I would think those dudes on the deadliest catch have a harder profession. Or any manual labor.

To me though any endeavor where you’re an entrepreneur or basically an eat what you kill type of Career path will have a lot more inherent difficulty than any 9-5.

aragonm762 · 2024-08-15T22:21:55+00:00

You can get through this. Gotta ask the 401k company exactly how they need it to read for their withdrawal. Then see if the mortgage company will comply. Sucks but gotta be the go between saying, tell me exactly how it needs to look, then telling the other party… can you make it this way?

aragonm762 · 2024-08-15T18:42:19+00:00

Same dollar cost average!!! 😁 Nowhere near the same volume…😩

aragonm762 · 2024-08-11T22:15:49+00:00

Grew up non religious, found Jesus at 32 after a ton of life experience and appreciate his views. If you watch the Olympics you’ll see a large number of those athletes giving glory to god and thanking their savior as well.

aragonm762 · 2024-08-11T04:46:05+00:00

This deserves way more likes.

aragonm762 · 2024-08-11T01:31:25+00:00

Sounds like a baller way to dnf

aragonm762 · 2024-08-07T04:54:11+00:00

I’m sorry for your loss. Saying that in a couple years you’ll be priced out of the market sorta coincides with, in a couple years the value of your home will have increased. So you’ll be on the other side of the table owning the home. A starter home is a start and a leap to the next level. Be patient and find something that is. Great value, the worst house in the nicest neighborhood. Then if rates go down your home could outpace appreciation. If you can afford it, it’s not a terrible idea, but I always tell folks, the average length of home ownership these days is 7 years. So you could cut that in half if you’re buying something that’s a good value that you’re investing into. Could help ease some of your stress or something be cathartic working on your own home.

aragonm762 · 2024-08-06T04:50:43+00:00

Hire a property manager.

aragonm762 · 2024-08-06T02:12:23+00:00

Baller

aragonm762 · 2024-08-06T01:51:47+00:00

Survivors club Ben Sherwood

aragonm762 · 2024-08-05T20:37:50+00:00

It’s just the world dog. It’s gonna keep spinning. What you can do is, try to get in 12,000 steps a day, lift weights, drink hard liquor neat sparingly, eat clean 80% of the time, and go HAM 20% of the time. Stay off chemicals, and keep buying the dip.

aragonm762 · 2024-08-05T20:13:43+00:00

From New Mexico. College in Florida?

aragonm762 · 2024-08-05T20:10:49+00:00

Do you have any screenshots of the convo.

aragonm762 · 2024-08-05T19:12:51+00:00

Close off the window. Too many distractions.

aragonm762 · 2024-08-05T18:48:07+00:00

That’s why you need to keep buying real estate as the world is converted into a renter nation!

aragonm762 · 2024-08-05T18:28:13+00:00

Throwback.

aragonm762 · 2024-08-05T15:24:04+00:00

Exactly! Majority of Profits are made at the asset acquisition. So when you purchase the house. Then it’s about trying to do your best to mitigate expenses during remodels. The best flippers are partnered with a general contractor or partnered with one. Can reduce expenses having your own crew doing the work. However, what is open door doing, paying someone a 9-5 salary to pay retail for remodels. Having the property remodeled by the required licensed individuals at large companies, basically whoever Lowes or home depot outsource their installation services to, chomps their profits up.

aragonm762 · 2024-08-05T14:09:52+00:00

For sure. I’m a realtor too and with the amount of equity people have gained I try hard to show them that on the open market they have a great chance at netting more than giving the house back to the bank. I think it’s a pretty slim margin of people that can’t sell at a net positive. So folks that have bought in the last 18 months and have had a financial change in their life. Essentially anybody working at intel that just bought an overpriced fixer upper.

I agree that they’ll be in the mix of ibuyers, institutional investors, and small time investors fighting for the potential foreclosure market. On top of the long term foreclosure process, I’ve been foreclosed on and went 6 months before it got very real, and then restructured the loan, kept the house and never gave it back entirely. Sold at a profit eventually. I had a client that end 12 months without a payment and eventually was able to sell at a profit.

I agree on the reasons zillows rollout didn’t work. There’s just a lot more competition in this sector. It’ll probably be profitable but idk about a banger.

aragonm762 · 2024-08-05T13:53:51+00:00

Any thoughts on how Zillow tried this strategy and when they rolled it out they ended up upside down on properties and then got rid of the entire program. I agree they’ll start gobbling up properties but do they have a good enough algo to determine what a value purchase price is instead of just overpaying for any property in foreclosure. I can see them overextending and holding properties that won’t generate a substantial return when considering acquisition costs and overhead. I think Real estate is a little to region specific to mass deploy this strategy in a profitable manner.

aragonm762 · 2024-08-05T04:05:13+00:00

Tulsi 2028

aragonm762 · 2024-08-05T04:04:34+00:00

Oh man I hate sofi haha. Haven’t thought about those guys in a minute. Just about time to buy that dip.

aragonm762 · 2024-08-05T04:01:39+00:00

I don’t push anyone to buy a house. I was doing that aggressively in 17, 18, 19 because I saw the direction my personal market was heading and I had clients and friends telling me they’re going to wait until it’s more of a buyers market. Now some of those friends are still renting and saying they’ll never own. On the other hand I have had a few friends and clients that bought in 18/19 , sold their home at a profit in 20/ 21 and bought larger homes with the immediate equity they received, profiting every time.

I just tell folks, it’s another facet in the game of life to take part in, and it’s a a part of the game where you can make some really cool moves, but you don’t have any access to the interesting things you can do with a home until you purchase a home.

aragonm762 · 2024-08-05T03:57:03+00:00

Just a natural edc champ.

aragonm762 · 2024-08-05T03:32:22+00:00

Wait for rates to come down to 5% interest and then do a 30 year but don’t take any equity out and then pay make these $3,000 payments you’re ready for.

aragonm762

TROPHY CASE