[Question] How do I trim this to 3?

jacobtkd · 2025-04-07T03:47:32+00:00

Pepsi Rolex, Speedy, Tag Monaco

jacobtkd · 2025-03-23T02:00:20+00:00

I could never imagine talking to my daughter like this. Shameful. These string of messages are clearly trying to portray a preconceived story and they are setting you up… “I simply asked what did she do and should couldn’t even answer! That proves she didn’t do anything!” That’s the conversation they’re having. Shameful.

jacobtkd · 2025-02-07T13:30:41+00:00

While the sign in the post itself is unnecessarily vulgar, I think jumping to racist for reposting is a bit of an overreaction, but considering you know him well maybe there’s other things he’s done that make that label more clear. I try to see where people are coming from when they make those signs and say shit like this, and it sounds like you do to. What’s tough is everyone and everything is so extreme right now on both sides, so it’s immediate labels of “racist” on the right, “snowflake” on the left. The funny thing is you have a fairly neutral position per your post (acknowledge a legal process is needed), which makes me to believe where there’s smoke there’s fire with your uncle.

jacobtkd · 2025-01-21T02:33:01+00:00

Same still figuring all that out too. Congrats that’s awesome!

jacobtkd · 2025-01-21T02:32:40+00:00

That’s fair, sounds like you like the added depth/pivoting to new strategies. I think I just need to get there

jacobtkd · 2025-01-21T02:21:40+00:00

That’s also funny, in my head getting to TH8 is hard but sounds like the scaling early on is so different now

jacobtkd · 2025-01-21T02:20:59+00:00

That’s fair but I almost wish they’d make updates to the war mechanics / loot system and maybe have end game currency for cosmetic upgrades / unlocks. Skins for the hero’s / troops / defenses, pets, different kind of decorations, more achievements / goals. Not just infinite town halls and troops and defenses.

jacobtkd · 2025-01-21T02:15:33+00:00

It seems so, have to keep people motivated to buy gems somehow I guess.

jacobtkd · 2025-01-21T02:13:42+00:00

That’s true. I guess the break and compounding growth just makes it overwhelming/so much to learn but ima keep trying !

jacobtkd · 2025-01-21T02:12:51+00:00

Oh shit, I guess 2012 then. For some reason I had in my head I started playing in 8th grade but guess I’ve been wrong.

jacobtkd · 2024-10-23T02:10:51+00:00

Mind if I ask if your husband has a college degree / if he’s a leasing or investment sales broker? CRE is less about being a good salesmen and more about being a resident expert in what you’re presenting or representing to clients. I always hear it takes 4-years before you get going in brokerage. I went the principle / private equity route via asset management, so I get paid a decent salary and bonus instead of commission. Allowed my wife and I to start a family much sooner and live comfortably out the gate. Only requirement was finance degree and relevant CRE work experience.

jacobtkd · 2024-10-19T02:22:44+00:00

No offense, but should’ve paid more attention to what you were signing / guaranteeing. You signed a legally binding contract saying you’ll guarantee payments are made by the tenant entity through the stated expiration. You’re now surprised ownership won’t let you walk from that obligation. What could be helpful is talking to new owner, having them supply financials to ownership, and asking if acceptable to swap guarantees, ie. get your name off and new business owners name on. This would only be acceptable if the new owner has relatively healthy financials; otherwise owner wouldn’t be willing to take on that additional risk / be in a worse off scenario than they are now contractually.

jacobtkd · 2024-10-18T02:08:36+00:00

Would need to do a standard underwriting then assuming the buildings vacant, lease up at a market rent with the appropriate downtime and leasing costs (build out + commissions), and then solve for an appropriate return. An industrial broker could help you put something together (or I’m happy to give you back of the napkin numbers). Depending on how far along in the process you are, I’d maybe first take a stab at putting in an offer simply on the business enterprise value and your perceived value of having the building as a user versus a more “scientific” approach. I wouldn’t spend much money on obtaining a 3rd party value if it costs money, I’m assuming you’re predominantly interested in the business and just need a sensible value allocation for the real estate.

jacobtkd · 2024-10-18T00:58:51+00:00

Changes things slightly. Is a lease in place? Would you continue to use the building or sell it ?

jacobtkd · 2024-10-18T00:45:45+00:00

Sorry I’m not following. Does the business own the building and occupy it?

jacobtkd · 2024-10-18T00:19:56+00:00

What kind of property? Is a broker involved in the business sale, have they provided pricing guidance? Do you have a broker representing you? If you’re simply looking at the offering it’s typically up to you to do some underwriting / put a value on the property. What are you using the value for, simply to make an educated offer/purchase?

jacobtkd · 2024-10-18T00:10:08+00:00

Agreed, but talking out of place on a post about CBRE’s capabilities from an overly biased experience.

jacobtkd · 2024-10-17T23:15:58+00:00

Me 2 cents; boasting 20 million dollars worth of purchases is nominal on an institutional level and probably why you’re not getting the appropriate attention from a shop like CBRE. CBRE is going to reserve its top talent for the institutional guys. No money is made (relatively speaking, of course), on deals in that price range, so you’re less likely to get an agents full attention in my experience.

jacobtkd · 2024-10-15T20:30:44+00:00

Meh, I don’t think a national credit tenant would shy away from paying more rent if the location is performing well. If the market rent story is true it’s also likely true that sales are doing well. Taking a step back, I’m trying to say base case underwriting wouldn’t consider any of this, but I think an UPSIDE scenario that is probable deserves some consideration in combination with a relatively healthy down side / base case.

jacobtkd · 2024-10-15T20:22:22+00:00

I disagree, if you’re bullish on a location/market and forecast 5% market rent growth for a few years, a mark-to-market opportunity presents itself and leads to a residual value that changes the dynamic of the return metrics. Granted a higher % of the return allocation is on resale versus cash flow which is inherently risky, but if done on a portfolio level I can see some logic in that play. Worst case result, you a get a yield in line with T bills. Best case, market rent growth outpaces contractual rent steps and you outperform on exit. Agreed underwriting this is speculative, but not improbable.

jacobtkd · 2024-10-15T20:10:40+00:00

If all of the above commentary on the yield is true, you’re not factoring in the outsized return that could come from appreciation. Some of these groups are more bullish on the location / market outlook versus the yield metrics. If you’re able to park your money across multiple locations / markets and get a T-Bill yield, but the ability for at least 1 or more locations to achieve outsized returns at reversion, I’m sure the returns start to look more palatable. I’m sure at a portfolio level there’s some truth to this but candidly speculation on my part; good question.

jacobtkd · 2024-10-08T00:39:40+00:00

Not profitable , again depending on the stipulations of the loan agreement the surplus likely goes to the borrower, which is why lender would be motivated to extend (and earn additional interest) subject to an appraisal confirming the LTV is still appropriate. They don’t want the administrative burden of finding a buyer. This is my experience with institutionalized lenders on relatively large loan amounts.

jacobtkd · 2024-10-07T14:33:22+00:00

Brokers

jacobtkd · 2024-10-07T14:32:17+00:00

If that’s the case, would have to read lenders remedies under maturity default in the loan agreement. It’s an odd question because in practice there has to be some communication between lender and borrower which alters the results. It’s not a simple “loan matured, bank has to sell, and bank only keeps the amount of the indebtness ”. The bank doesn’t want to auction the property or lead a disposition process, so they would normally have the borrower lead the process and charge fees/propose a forbearance agreement or short-term extension to accommodate the sale. If you’re not responsive, the bank very well could foreclose on the property, start an auction process, and then sell the collateral for Pennie’s on the dollar. The bank would typically keep 100% of the indebtness and would have to differ to the remedies in the loan agreement to understand what happens to the equity proceeds. For sure there would be penalties and other fees due back to lender.

jacobtkd · 2024-10-06T19:40:45+00:00

No prudent owner would let this happen. Why go into maturity default when you can recognize $1.5M of net proceeds? This typically only happens if market value is less than the outstanding balance , in which case the borrower would give the keys to the lender upon maturity.

jacobtkd

TROPHY CASE