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All Forum Posts by: J Scott

J Scott has started 161 posts and replied 16457 times.

Post: MY THOUGHTS ON SILICON VALLEY BANK COLLAPSE

J Scott
Pro Member
ModeratorPosted
  • Investor
  • Sarasota, FL
  • Posts 17,995
  • Votes 17,192
Quote from @Leland S.:

This was identified 2 years ago by some bloggers on Seeking Alpha.

I think you mean three months ago... December 19, 2022 to be exact.

Post: What is a good size population to invest in for multifamily?

J Scott
Pro Member
ModeratorPosted
  • Investor
  • Sarasota, FL
  • Posts 17,995
  • Votes 17,192
Quote from @Andrew Freed:

@Korey Harmon - Anyone with access to the MLS can run stats per city to see which area has the largest supply of multis.


Depending on the size of property, you may find that most deals are not on the MLS.

Post: MY THOUGHTS ON SILICON VALLEY BANK COLLAPSE

J Scott
Pro Member
ModeratorPosted
  • Investor
  • Sarasota, FL
  • Posts 17,995
  • Votes 17,192
Quote from @James Hamling:
Quote from @J Scott:
Quote from @James Hamling:

 It just reinforces the saying: 

"do small crimes, go to prison. Do BIG crimes, go to D.C.".


I come from the Silicon Valley VC world and I've seen the behind the curtain on how these guys do their lobbying and the checks they write.  No shot any of these guys will be investigated by anyone in the legislative branch.


 So if I understand correctly, you'd fully endorse that not only you'd agree, but have seen in action with your very own eyes, that the U.S. is a Plutocracy, wearing the costume of a Democratic Republic

No, I would never apply such a broad term to such a complex system.  I'm not saying it's right or wrong, but outside of a very small niche, I don't have exposure to the inner workings of the US political or economic system.  So, I'm pretty sure I'mnot qualified to make generic wide-ranging assertions like that, except as merely hyperbolic opinion.

Just like anyone else, I have my beliefs.  But, I recognize that I also succumb to confirmation bias -- again, like anyone else.  So, it would be easy for me to take the one or two small data points I have and extrapolate that to a political and economic system encompassing $25T and 400M people.

But, I'm not going to do that.

As Einstein was fond of saying, "Make everything as simple as possible, but no simpler."  Applying a simple set of terms to a complex situation doesn't invite nuanced debate.  It merely invites some combination of partisan bickering and circle-jerk.  And I have no desire to participate in that.

Btw, I don't know about anyone else, but when it comes to most discussions related to our economics or politics, I'm willing to admit that on the Dunning-Kruger chart, I'm at the peak of Mount Stupid (okay, perhaps I'm tumbling down the other side at this point).

Post: MY THOUGHTS ON SILICON VALLEY BANK COLLAPSE

J Scott
Pro Member
ModeratorPosted
  • Investor
  • Sarasota, FL
  • Posts 17,995
  • Votes 17,192
Quote from @James Hamling:

 It just reinforces the saying: 

"do small crimes, go to prison. Do BIG crimes, go to D.C.".


I come from the Silicon Valley VC world and I've seen the behind the curtain on how these guys do their lobbying and the checks they write.  No shot any of these guys will be investigated by anyone in the legislative branch.

Post: Stepping Stone into Syndications?

J Scott
Pro Member
ModeratorPosted
  • Investor
  • Sarasota, FL
  • Posts 17,995
  • Votes 17,192
Here's a podcast I did with BP Money about 18 months ago talking about all the things you should know/think about before investing in Syndications.

I agree with everyone above that syndications are a great passive investment strategy, but "passive" only applies after you invest.  Until then, there's a lot of due diligence and work that goes into ensuring that the sponsor you pick is a good sponsor, the location is a strong location, the deal makes sense, and you are comfortable with all the risks.

https://www.biggerpockets.com/...

Post: The Business of Multifamily - Scaling & Perfecting Your Existing Multifamily Business

J Scott
Pro Member
ModeratorPosted
  • Investor
  • Sarasota, FL
  • Posts 17,995
  • Votes 17,192

Join industry expert Ashley Wilson for a free one hour session for Multifamily owners looking to scale their existing business.

If you want to optimize your business and maximize your profits, this webinar is for you. You'll learn:

* How to identify your next hire
* How to identify KPIs that are critical for your business success
* How to create a roadmap that is consistent with your goals

Speaker Bio:

Ashley Wilson (aka BadAshInvestor) is an accomplished speaker, author, investor, and founder of Bar Down Investments, a Multifamily Investment Firm that owns and operates over $120M in Multifamily real estate.

Post: What is a good size population to invest in for multifamily?

J Scott
Pro Member
ModeratorPosted
  • Investor
  • Sarasota, FL
  • Posts 17,995
  • Votes 17,192

How big?  And where in FL?  As someone who lives in Florida and buys large multis, I won't buy in Florida these days...

Post: MY THOUGHTS ON SILICON VALLEY BANK COLLAPSE

J Scott
Pro Member
ModeratorPosted
  • Investor
  • Sarasota, FL
  • Posts 17,995
  • Votes 17,192
Quote from @Michael Wooldridge:
I didn’t really expected idiots like Thiel to cause SVB collapse though.

Follow the money. 

Where did billions of dollars from SVB go in the days following the collapse?

Brex. 


Who is a significant investor in Brex?

One guess...

Post: MY THOUGHTS ON SILICON VALLEY BANK COLLAPSE

J Scott
Pro Member
ModeratorPosted
  • Investor
  • Sarasota, FL
  • Posts 17,995
  • Votes 17,192
Quote from @Carlos Ptriawan:

It doesn't matter what you call it.

That's where we disagree.  Words do matter.  Because different words mean different things.

There's a reason why we have separate terms for open market operations (OMO) and quantitative easing (QE).

It's impossible to have a nuanced conversation about economics if you refuse to acknowledge that.

So, with that said, I'm out...  I'll leave it to you guys to debate.  Have a great day, gentlemen!

Post: What are the typical steps to a fix and flip project

J Scott
Pro Member
ModeratorPosted
  • Investor
  • Sarasota, FL
  • Posts 17,995
  • Votes 17,192

This should help.  It lays out the 20 steps, in detail, to flip your first house:

https://store.biggerpockets.co...