All Forum Posts by: Andrew Jordan

That's awesome! Finding the right guys to do the job is the hardest part (imo). You should keep them around no matter what it takes. That's a really great return, as well. Hi, from Austin, TX! Lol. Looks like SA is really a hot market right now.

Congratulations Joshua Dorkin and @Brandon Turner! You guys built the best, most inspiring, knowledge-filled, REI website out there to this day. This is my go-to spot for information and ideas, networking, deals, EVERYTHING! You guys are the real deal. No gimmicks. No BS. Just the meat and cheese, always brought with a good attitude. True stewards and leaders in the industry. You guys rock!

Just ordered my T shirt! I wonder how many people will recognize it when I wear it. Hopefully, I meet a few more fellow investors out here in Austin. Great idea guys!

Hi Chris, I'm sending an email in regards to this property to my business partner in Houston.  He lives probably 10 mins from there.  Is this the only one you have available at the moment?  Thanks!  Stay in touch!

EDIT:  please forgive me!  I was stuck on the term "social finance" when I meant "EMOTIONAL FINANCE".  My apologies as these two terms are not related.  I get so excited here I start getting flustered :-)

Originally posted by @Ben Leybovich:

@Steve Olafson , @Serge S. 

 I am seeing some very smart people very bullish on this marketplace.  I am forced to play the devils advocate to myself and presume that nothing I know holds true any more...

What is going on out there makes no sense to me - at all.  Outperforming the other guy; assuming that you are smarter and better seems to be key today.  I am not comfortable with that line of thinking.  I may be smarter than the other guy, but I don't buy that way - especially with investor capital on the line.  There's no margin for error out there today...

Again - you guys know what I am about.  But, as I said, I am questioning myself as I see a ton of activity from very smart people.

WTF?!

I conpletely hear ya. Emotions mix with finance the same way oil mixes with water. I believe the term is "Social Finance". There are a ton of "investors", "traders", etc out there today who make financial decisions based on what they "feel" or "think" about a financial decision. You see a lot of this in the present day securities market, instead of using the empirical, black&white data to determine and estimate realistic ROI figures. Whats even crazier? These decisions can create market anomalies for better and/or for worse. So counterintuitively, using "social finance" we learn and understand the psychology of the mind making these emotional decisions which drive some of this volatility we see. It's such a strange concept and certainly not a tried and true proven model that I condone. In the end, it truly comes down to the type of investor you are and how risk averse you are. The #1 rule of finance - "With risk comes reward."

- I appreciate your comment as it sparked my thoughts on the whole "social finance" thing that started getting popular around the '08 crash.  Also, I like to keep things a bit general to explain my thinking around concepts (not necessarily particular specifics). 

Keep this coming!  We are all really thinking outside of the box here and it's fantastic!

Ps - for "buy & hold" 'ers out there - a bursting bubble is always a good thing if you're liquid. In the Little Book of Value Investing, Author Christopher H Browne notes we should buy stocks like steaks...on sale.

I can agree with Steven Picker The market in 2008 was like the Wild West compared to our present market. Be careful not to compare Apples to Oranges. Yes, both are fruit. But, that doesn't make them the same. Low int rates, excess paper, less inventory and much, MUCH more regulation are all factors that weren't necessarily present 7 yrs ago. History showed us what happens with no regulation (bank runs and economy collapse during Great Depression brought on the FDIC just as the RE and bank crisis in 2008 brought stricter lending standards) and how we learned from our mistakes. That said, coming from a commissioned sales position from my last 8 working years, sales people get greedy and being to get "creative". I can only hope that rules aren't starting to bend again in lending specifically. Bad loans are a problem for all of us. Economically speaking. Sorry for my ramble. Reminds me of old class discussions in college.

Welcome to BP Christopher Cooper ! This is THE place to be. Believe it!

I also agree. $360 seems like a small price to pay for 2 yrs worth of backed taxed. Now if it were, say $3600, that would be a different story. Good luck!