All Forum Posts by: Noah Milstein

I'm doing some research for a potential venture and need to nail down some specifics.

If I am interested in selling some number of properties via seller financing and subsequently will need to process monthly loan payments from buyers, what software is available that can help me handle and automate this process? 

Thanks!

I'm trying to spec out potential deals in the area for new builds on raw land. I've never invested in a build but wanted to get a grip on the costs involved so that I can better evaluate potential deals. Can anyone recommend a builder in the area that would be interested in answering some questions on this front? I'm specifically interested in building a small cabin/tiny home on raw land (not mobile/not trailer mounted, just small scale). 

I'm trying to spec/price out a concept for Jacksonville and the surrounding area. The unknowns for a deal like this would mostly be finding a builder willing to take on such a project, cost of materials + labor, cost of connecting to the water + electrical grids. Has anyone either tried anything like this or familiar with these associated costs? I suppose what I need most is to be able to speak with a builder/contractor who would take on such a project.

If you're a builder in the area or know someone who is, please let me know. 

Thanks, Noah

What is the time limit on a tax segregation study? Does it need to be done and the depreciation applied to your tax filing the year of the purchase of the given property or can it be done retroactively on properties purchased the prior or earlier? 

I'm looking for a property manager that services either Sumter, SC or Neeses, SC. Does anyone know of a decent manager that covers either of those areas that you can recommend? 

Thanks, Noah

@Andres Vanegas Liquidation is not possible in this protocol. The price of BTC is closely following the stock to flow model and the volatility is not as great as widely perceived. Most of the volatility up until now has been a product of early stage adoption, as adoption increases, volatility falls. In this case with Alchemix your claim about volatility is measured against USD but the collateral added to Alchemix is a USD peg which means by definition zero volatility exists because it equals the index currency.

I don't at the moment have enough capital to make this happen but, if you do, I can't even begin to stress how powerful this tool is. This is totally new and unprecedented in finance. That is the case with all of DeFi. Nothing in the history of money has ever existed before like any of this. This is all brand new. They are rolling out V2 supposedly this year which will be even more powerful as they begin to accept ETH and BTC, which will be a huge game changer. We'll probably see this financial model duplicated in other platforms. That appears to already be happening. Flash Stake and Wasabi Finance already have a similar or duplicate model and Thor Chain supposedly will be offering a similar product. Thor and Flash are a bit more reputable and we'll see if Wasabi can survive an audit or not. Alchemix is currently being audited to ensure code safety and transparency and holds over 10% of all DAI supply so the available liquidity and trust is massive. Mark Cuban recently put over 300k into the Alchemix vault. 

This explanation of Alchemix was recently released which does a great job of explaining the product.

@Andres Vanegas this prevents you from ever having to spend any of your money. Instead of exchanging 100k worth of currency for 100k worth of real estate, you just get the real estate. It's a massive net gain. Also cryptocurrency is arguably innately more valuable and (in most cases) deflationary so it will increase in value over time and is itself an interest bearing asset. If you use Alchemix to take the over-collateralized loan then the math looks like this...

200k locked + 100k loan. Exchange 100k loan for 100k house. 200k collateral pays for itself and the house now earns rental income. After 1-3 years your 200k collateral comes back to you. So 200k + home. Of course you could be even fancier about it and do something like this...

Find a home that is amenable to BRRRR. Put 100k into the BRRRR deal, the refi step now yields back 100k. Pay off the loan immediately if you so choose and now you end up after 6-12 months with...

200k + an income yielding house and you haven't lost a single penny of spending power. 

You can get fancier still and funnel the refi earnings back into another DeFi product that will have its own massive return (the options are overwhelming). To give one example you could take the refi earnings and put it into the Alchemix vault in order to further accelerate the loan pay down (which is currently at something like 30% boosted APY). So your loan goes from repaying itself in roughly 1.5 years down to let's say 8 months. So in this scenario you walk away with 200k + 100k + the house. Again, having spent zero of your dollars. So assuming you have the patience to wait 1-3 years then you keep your 200k, you make 100k, and you get the house.

@Craig Parsons the interest is set by the market, the AMM (automated market maker). That is a core innovation of DeFi. You may be interested in learning more about how they work... 

What is an Automated Market Maker?

What is DeFi?

One more thing worth noting about the Alchemix stable DAI loan is that it can't be liquidated. That's integral to their protocol. It just sits in a yearn pool until it pays itself off.