Bitcoin Forum
November 20, 2017, 03:15:11 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 [3] 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 »
  Print  
Author Topic: RentalStarter - A Midwest Real Estate Investment Company  (Read 119036 times)
Branny
Sr. Member
****
Offline Offline

Activity: 398


View Profile
June 27, 2013, 09:39:29 PM
 #41

In the description on BitFunder it says your first round is 50,000 shares, but in details page there are 70,000 issued shares. So you decided to sell 70,000 shares in the first round? And the second round will be 20,000 shares?

Also, what is the timeframe after you collect those $70,000? When will you buy property? How long after that to see dividends?

I've been going back and forth changing descriptions between Bitcointalk, Bitfunder and the website, i'll get all the shares in sync shortly. Ukto/UKyo suggested I issue the majority of shares first.

I need at least $40,000/400btc to start buying a properties. Once I start this process I'll post on here. Anyone who holds the asset will get access to the backend of rentalstarter.com to get the video blog updates that will have all the gory details of the properties we're looking at.

I expect dividends in about a month and a half.
1511147711
Hero Member
*
Offline Offline

Posts: 1511147711

View Profile Personal Message (Offline)

Ignore
1511147711
Reply with quote  #2

1511147711
Report to moderator
1511147711
Hero Member
*
Offline Offline

Posts: 1511147711

View Profile Personal Message (Offline)

Ignore
1511147711
Reply with quote  #2

1511147711
Report to moderator
1511147711
Hero Member
*
Offline Offline

Posts: 1511147711

View Profile Personal Message (Offline)

Ignore
1511147711
Reply with quote  #2

1511147711
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511147711
Hero Member
*
Offline Offline

Posts: 1511147711

View Profile Personal Message (Offline)

Ignore
1511147711
Reply with quote  #2

1511147711
Report to moderator
1511147711
Hero Member
*
Offline Offline

Posts: 1511147711

View Profile Personal Message (Offline)

Ignore
1511147711
Reply with quote  #2

1511147711
Report to moderator
msm595
Full Member
***
Offline Offline

Activity: 185


View Profile
June 27, 2013, 11:06:45 PM
 #42

I've been going back and forth changing descriptions between Bitcointalk, Bitfunder and the website, i'll get all the shares in sync shortly. Ukto/UKyo suggested I issue the majority of shares first.

I need at least $40,000/400btc to start buying a properties. Once I start this process I'll post on here. Anyone who holds the asset will get access to the backend of rentalstarter.com to get the video blog updates that will have all the gory details of the properties we're looking at.

I expect dividends in about a month and a half.

Awesome, it seems like 15k shares (so $15k) have been sold, so you're more than a third of the way there! Can't wait Smiley

TheSwede75
Full Member
***
Offline Offline

Activity: 224



View Profile
June 27, 2013, 11:40:27 PM
 #43

I would be interested in purchasing shares at IPO price outside of Bitfunder. OP, could you sell shared privately and hold them in escrow?
Branny
Sr. Member
****
Offline Offline

Activity: 398


View Profile
June 28, 2013, 01:54:58 AM
 #44

I've been going back and forth changing descriptions between Bitcointalk, Bitfunder and the website, i'll get all the shares in sync shortly. Ukto/UKyo suggested I issue the majority of shares first.

I need at least $40,000/400btc to start buying a properties. Once I start this process I'll post on here. Anyone who holds the asset will get access to the backend of rentalstarter.com to get the video blog updates that will have all the gory details of the properties we're looking at.

I expect dividends in about a month and a half.

Awesome, it seems like 15k shares (so $15k) have been sold, so you're more than a third of the way there! Can't wait Smiley

Yep, very excited, actually up to around 20k shares ($20k) which is right at half of the threshold.
cusdog
Jr. Member
*
Offline Offline

Activity: 50


View Profile
June 28, 2013, 02:03:41 AM
 #45

I still have concerns over the dissolution. Frustratingly I cannot come up with an alternative way that does not still have exposure to abuse. Anybody have any good ideas?

As an aside, if you plan on issuing debt later on as a means to avoid the dilution problem I mentioned, you need to have a hard USD peg. There is no way you can issue debt with BTC FX exposure when your assets and cashflow is denominated in USD.
Branny
Sr. Member
****
Offline Offline

Activity: 398


View Profile
June 28, 2013, 02:43:01 AM
 #46

I still have concerns over the dissolution. Frustratingly I cannot come up with an alternative way that does not still have exposure to abuse. Anybody have any good ideas?

As an aside, if you plan on issuing debt later on as a means to avoid the dilution problem I mentioned, you need to have a hard USD peg. There is no way you can issue debt with BTC FX exposure when your assets and cashflow is denominated in USD.

My plan was to do a USD denominated bond with a short number of issues tied to USD per series. My brother has done it on lightcoinglobal (BuyAHash) with few problems, his offering has done well and most investors seem to be happy, so I figure that's going to be the best option.

Otherwise - 100,000 shares is it. There will be no more issued at any point unless shareholders approve a split or some other thing. I want to avoid dilution as much as possible.

I'm willing to hear any ideas available concerning dissolution, the issue being I Can't work out things till everything is perfect.

I was wanting to go about a month ago on this asset. Since that time I Have passed up on a 3br 1ba home for $12,900 and a 2br duplex for $40,000 that needed very little work. Of course this is no one's fault, but it gives a bit of urgency to getting the offering out there, as imperfect as it may be.
nebulus
Hero Member
*****
Offline Offline

Activity: 490


... it only gets better...


View Profile
June 28, 2013, 02:52:21 AM
 #47

I want to avoid dilution as much as possible.

Dilution sucks.

Can you please share your vision? Are you planning to grow this into a big real-estate company or keep it small?

Thanks!

Branny
Sr. Member
****
Offline Offline

Activity: 398


View Profile
June 28, 2013, 05:26:06 AM
 #48

I want to avoid dilution as much as possible.

Dilution sucks.

Can you please share your vision? Are you planning to grow this into a big real-estate company or keep it small?

Thanks!

My personal goal with this is 500 rental units at a clear $250 in cashflow to investors on each property ($125k/mo) within 5 years.

At that time we could sell the company off to a larger management firm and collect mid 8 figures from my estimation.
ninjaboon
Legendary
*
Offline Offline

Activity: 1708



View Profile WWW
June 28, 2013, 11:31:23 AM
 #49

I would be interested in purchasing shares at IPO price outside of Bitfunder. OP, could you sell shared privately and hold them in escrow?

If you guys need an escrow, see my sig.. btc-asia.com
good luck with the sale.


ChronoX5
Member
**
Offline Offline

Activity: 72



View Profile
June 28, 2013, 04:57:30 PM
 #50

Bought a few shares, diversification is nice.

Please keep in mind that I am currently trading/holding shares of ASIC Miner, ActiveMining, Rentalstarter, Labcoin and may be posting in my own interest. Always do your own research.
Branny
Sr. Member
****
Offline Offline

Activity: 398


View Profile
June 28, 2013, 05:07:55 PM
 #51

Bought a few shares, diversification is nice.

Thanks!



Also, FYI we're at about 70% of our goal. Sadly BTC/USD is dropping a bit which may have a slight negative effect on the timeframe but it shouldn't be too bad.
rikur
Full Member
***
Offline Offline

Activity: 217


View Profile
June 28, 2013, 05:43:11 PM
 #52

Branny, could you verify your ID with Bitfunder or reputable members such as John K?
Branny
Sr. Member
****
Offline Offline

Activity: 398


View Profile
June 28, 2013, 06:23:54 PM
 #53

Branny, could you verify your ID with Bitfunder or reputable members such as John K?

How would i do that? Totally new to Bitcointalk. I could add a secret/subpage to rentalstarter.com
rikur
Full Member
***
Offline Offline

Activity: 217


View Profile
June 28, 2013, 07:21:54 PM
 #54

Branny, could you verify your ID with Bitfunder or reputable members such as John K?

How would i do that? Totally new to Bitcointalk. I could add a secret/subpage to rentalstarter.com

Take a look at this https://bitcointalk.org/index.php?topic=200067.msg2415645#msg2415645

Basically, if you would verify your ID with a trusted 3rd party, I would feel much more safe about investing in your start-up.
stephwen
Member
**
Offline Offline

Activity: 83


View Profile
June 29, 2013, 06:19:38 PM
 #55

Yeah, verifying one's ID should be mandatory before listing on bitfunder.
Anyway, good luck to you, I might diversify and invest a few BTCs too.
Branny
Sr. Member
****
Offline Offline

Activity: 398


View Profile
June 29, 2013, 06:57:28 PM
 #56

Yeah, verifying one's ID should be mandatory before listing on bitfunder.
Anyway, good luck to you, I might diversify and invest a few BTCs too.

Will Jon K do that?
rikur
Full Member
***
Offline Offline

Activity: 217


View Profile
June 29, 2013, 07:32:02 PM
 #57

I missed the IPO waiting for ID verification.. oh well. Are you going to issue any more shares?
Branny
Sr. Member
****
Offline Offline

Activity: 398


View Profile
June 29, 2013, 08:22:57 PM
 #58

Not sure what will take place.

We only needed $40k to startup, we will have in the neighborhood of $70k after conversion to USD. I should have $30k more USD than I need to start the ball rolling.

Will be posting updates on RentalStarter.com on Monday about purchase/asset progress. Talking to ukyo about how to issue logins to people on the website so shareholders can get access to the confidential financial statements, videos and PDFs.
ronaldlee0917
Full Member
***
Offline Offline

Activity: 238



View Profile
June 29, 2013, 08:32:31 PM
 #59

Congratulations on the successful IPO.
When will we expect the first dividend?

Donation:    18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu
Mastercoin - A new protocol layer built on top of Bitcoin
cusdog
Jr. Member
*
Offline Offline

Activity: 50


View Profile
June 29, 2013, 09:05:07 PM
 #60

Congratulations on the successful IPO.
When will we expect the first dividend?


I'm not trying to be rude here, but do you even know what you invested in?
Pages: « 1 2 [3] 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!