All Forum Posts by: Joseph M.

Tell us how you really feel , lol . I’m guessing you hate the terms life hacking , Growth hacking too ?

Joy Sanchez thanks for explaining , best of luck with the project !

Thought this was pretty interesting . Will be interesting to see what happens with this company as it just has 15 people now . He’s definitely a controversial guy but did amazing things growing Uber. — Uber founder and former CEO Travis Kalanick has taken the reins of a Los Angeles-based real estate startup, following a $150 million investment through his new fund, 10100. The small firm, called City Storage Systems, is focused on the redevelopment of distressed real estate assets. That primarily includes parking, retail, and industrial properties that “will need to be repurposed for the digital era,” Kalanick wrote on his Twitter account, announcing his fund’s purchase of a controlling stake in the company. Kalanick will become CEO of the 15-person company and expects his 10100 team “to be highly involved” in operations, he said. That apparently includes hiring — he provided his 10100 email address and asked any interested job applicants to shoot him a resume. https://therealdeal.com/la/2018/03/21/uber-founder-travis-kalanick-is-now-ceo-of-a-real-estate-company/

Han Oh yeah definitely you are right especially these days . Did a quick search on Redfin and small homes look to start at $120k now on MLS. Which is still much cheaper than LA or OC countries .. but still . Are you looking to do more flips in SoCal ?

Congrats Han Oh , what area of SoCal was it located in ? I didn’t see it in original post . Can’t think of any areas that cheap these days .

Congrats Joy Sanchez Just wondering why would they sell for 12% of value even if they are family members ? Best of luck with the project !

This has been an interesting thread . I don’t see real estate agents or brokers going extinct. People have been able to sell their home themselves forever but the vast majority still chose to hire a local licensed agent to do the job for them . Most people also don’t move often enough to make it worth their while . I’m sure their will be disruption in the industry as there already has been and there has been disruption in many other industries , but still don’t see agent or brokers going away .

Brie Schmidt That’s interesting , I had never heard that stat before regarding low unemployment . Real estate and stocks both seem pretty overvalued now . RE especially in L.A .. I saw someone posting about an “off market” apartment deal at $400,000 a unit .. for an apartment building in the San Fernando Valley ! Interesting about Snapchat ... seems they can’t catch a break .. the other day Kylie Jenner made their stock value go down over $1 billion . Snapchat definitely seems like the type of stock that could crash hard in a downturn .

Ellie Narie I wonder too , but also wonder if they care considering they sell the loans off . Guess it depends how many boxes they have to check .

It seems personal network and relationships are even more important in commercial than residential . The distressed properties these days are likely more in distressed areas too . I don’t hear about much flipping in commercial . There is value add but the properties usually aren’t sold for several years . Not sure if that is the type of flipping you are talking about or buying and literally selling it within a few months .