All Forum Posts by: Alex Kim

Hi Everyone - Looking for advice!

My section 8 tenant at a property of mine in Michigan has stopped paying her water bill, ending up in an outstanding balance of thousands of dollars. My property manager has approached her and she still refuses to pay claiming "she forgot about it and now it's too high". Any suggestions for how I can handle this situation? Any advice is appreciated. Thank you!

Alex

Love this as well. Two questions for you. 1. What are the particular challenges of a seller's market for you? Crazy price hikes, contingencies, lack of supply? Anything in particular? and then 2. As you grow your war chest through REIT's/mutual funds/ETFs, are you then using proceeds from those to invest back into real estate or are you trying to keep a certain portfolio diversity?

Thanks! Appreciate your transparency.

 Love the perspective here. What is it about deal flow that makes it challenging for you? Is it that once you are established at an investor you're getting a lot of noise-to-signal (i.e. getting a lot of bad deals among good ones) or just generally getting consistent deals to look at?

hi @Nicholas L. !

Open to both but would love to hear your perspective. Not sure what my goals are quite yet.

Since there are so many aspiring real estate investors, experienced real estate investors, property owners, and alternative asset holders (crypto, stocks, bonds, etc.) in this group, I'm curious about all of your experiences investing and operating. I'm trying to understand what it's like being on the other side of an investment or what stops people from moving forward and am curious about the painpoints for people all across the investment value stream. Major questions that come to mind for me:

1. What is the hardest thing about buying a property? Why is it hard?
2. What are your sentiments towards renting either as a renter or as a landlord?
3. If you had $1,000 to invest in anything today, what would you invest in and why?

Happy Holidays everyone!

Thanks!

 This is a fair perspective. I'll try to pose my posts moreso as questions moving forward. I haven't seen as many posts about crypto tokenization of real estate on this platform so I started this off as an opinion rather than an open question for forum discussion. Thanks for the feedback Don and keep in touch!

Hi everyone,

My name is Alex, I’m one of the founders of technology platform fractionalizing single family rental properties to give more people the opportunity to benefit from real estate investing.

We're looking to partner with a real estate developer or wholesaler in the Phoenix, Arizona area to secure the first home to sell to our user base (220+ interested buyers).

I'm curious what your thoughts are on our startup and welcome any feedback. If you're interested, please feel free to reach out to me directly.

Thanks,

Alex

What is that easy way @Sean Ross? Go to the county clerk, dust off the file cabinet, and find the owner?

While I'm all for stepwise improvement of those sorts of systems, new infra and the regulation that's bound to it could make this process so much smoother! Call me an optimist..

Re: exits and liquidity of stock exchanges, I'm actually very well versed in securities law and the regulations that guide the forced X year lockup periods depending on Reg X you go through as well as the requirements to become a broker-dealer, registered exchange or an NSE with experience on the syndication side of things as well as legal. I'd suggest that you don't assume :)

All for positive vibes here. Just wanted to express an opinion and see what peoples' thoughts were.

Appreciate the thoughts @Chris Seveney. I am assuming you're referring to Arrived Homes or PeerStreet when you refer to current fractional RE models right? 

I'm curious as well - if the fees were equal, would you feel the exact same way?

In my opinion real estate NFTS will have a huge impact on real estate in the future. 

Firstly, real estate NFTs guarantee easily traceable, secure records of ownership for a variety of property investments. 

Secondly, they will permit real estate transactions in virtual worlds, which are becoming a new investing frontier. NFTs will provide easy ways to transfer ownership of shares in real estate investments or virtual real estate. NFTs that represent fractional ownership in real world investments will be more stable. Liquidity is a big issue in real estate today. As more investors buy into the idea of fractional real estate ownership, owners are selling off portions of their digital assets. Blockchain technology will eventually eliminate the middleman and lower the risks associated with property transfers between parties.

Thirdly, property tokenization will facilitate easier borrowing or lending via NFTs. Imagine refinancing your home by putting down your property NFT as collateral and using a DeFi protocol to get access to more competitive debt offer. NFTs might easily convert into bitcoin as collateral, facilitating owners’ access to mortgages. What people don't realize yet, is that NFTs are the trojan horse into the next wave of user adoption. People want to feel like owners. Owning fractional shares of properties via NFTs will be a new way for people to feel like owners and get access to a stable appreciating asset class in a way that REITs never could.

Which of the two would you rather own, a share in a REIT or a real estate NFT of a property you have shares in?