RentalStarter - A Midwest Real Estate Investment Company

[TheFuneral]

Somebody just dumped 4% of outstanding shares on the market?

I wouldn't say they are dumped because they are on the open market. Let's see if they get bought up, but does look like someone knows something we don't  .

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[jrlichtman]

Somebody just dumped 4% of outstanding shares on the market?

I wouldn't say they are dumped because they are on the open market. Let's see if they get bought up, but does look like someone knows something we don't  .

True. It's just somewhat dramatic.

[Branny]

Somebody just dumped 4% of outstanding shares on the market?

I wouldn't say they are dumped because they are on the open market. Let's see if they get bought up, but does look like someone knows something we don't  .

True. It's just somewhat dramatic.

I sent updates out via Havelock + email + Slack last night.

They're treasury shares, we're trying to buy another property via equity funding. It's right next to one of our existing properties and at the moment prices locally are going nuts in terms of appreciation.

It's a 3-4 bed, 1 bath home with about a quarter acre lot next to one we already own and are getting $750/mo out of.

$18k purchase
$12k rehab
$30k total cost
$65k-$75k ARV
$750/mo income
21.3% NOI

Additionally prices as I said are going nuts. There's a house right down the street from property #7 of ours. Ours is a 4br 1ba 1800sf with garage, basement and a large yard. The other is 2br 1ba <900sf small yard, no garage or basement and looks to be in contract around $45k. On a straight $/SF rate, it makes #7 worth $90,000 without factoring the basement or garage in. We have around $41,466 in ours so that means more than double equity. Our book value on it is only $70k at the moment.

Thus the market is really, really moving, and due to the extreme slowness of banks to deal with non-owner occupants, i'm using the only viable method to purchase more property while we can get it cheap - equity.

[jrlichtman]

Somebody just dumped 4% of outstanding shares on the market?

I wouldn't say they are dumped because they are on the open market. Let's see if they get bought up, but does look like someone knows something we don't  .

True. It's just somewhat dramatic.

I sent updates out via Havelock + email + Slack last night.

They're treasury shares, we're trying to buy another property via equity funding. It's right next to one of our existing properties and at the moment prices locally are going nuts in terms of appreciation.

It's a 3-4 bed, 1 bath home with about a quarter acre lot next to one we already own and are getting $750/mo out of.

$18k purchase
$12k rehab
$30k total cost
$65k-$75k ARV
$750/mo income
21.3% NOI

Additionally prices as I said are going nuts. There's a house right down the street from property #7 of ours. Ours is a 4br 1ba 1800sf with garage, basement and a large yard. The other is 2br 1ba <900sf small yard, no garage or basement and looks to be in contract around $45k. On a straight $/SF rate, it makes #7 worth $90,000 without factoring the basement or garage in. We have around $41,466 in ours so that means more than double equity. Our book value on it is only $70k at the moment.

Thus the market is really, really moving, and due to the extreme slowness of banks to deal with non-owner occupants, i'm using the only viable method to purchase more property while we can get it cheap - equity.

Aha! That explains it.

[freedomno1]

RENT    ฿0.0050    Ouch. The whole bid side's < 2BTC  What's going on, guys?  Real estate no longer profitable?

Good question, I don't have access to the slack page but I presume that it may be due to 2 months of no dividend payouts.
Haven't been sent a general havelock mail from rent in a while so your guess is as good as mine.

[Branny]

RENT    ฿0.0050    Ouch. The whole bid side's < 2BTC  What's going on, guys?  Real estate no longer profitable?

Good question, I don't have access to the slack page but I presume that it may be due to 2 months of no dividend payouts.
Haven't been sent a general havelock mail from rent in a while so your guess is as good as mine.

I've sent out several emails to all the investors via HL, so I'm unsure why you haven't got em , or joined the slack for that matter.


I imagine the decrease is mostly due to us moving to the quarterly dividend model and adding September's payment onto the coming cycle.

We're almost done with the flip we've been working on for 3-4 months now, but I wanted to preserve as much cash as possible to cover any incidental items.

[freedomno1]

RENT    ฿0.0050    Ouch. The whole bid side's < 2BTC  What's going on, guys?  Real estate no longer profitable?

Good question, I don't have access to the slack page but I presume that it may be due to 2 months of no dividend payouts.
Haven't been sent a general havelock mail from rent in a while so your guess is as good as mine.

I've sent out several emails to all the investors via HL, so I'm unsure why you haven't got em , or joined the slack for that matter.


I imagine the decrease is mostly due to us moving to the quarterly dividend model and adding September's payment onto the coming cycle.

We're almost done with the flip we've been working on for 3-4 months now, but I wanted to preserve as much cash as possible to cover any incidental items.

Thanks for the heads up, I was a bit concerned with the drop in havelock activity in general when AM crashed out so I liquidated for a bit to take a cautious approach on the exchange that might be why it didn't send a Rent mail, still sending BTR CBTC and the rest though so I may have missed it.

It's a bit late but the last e-mail I recieved is a congrats to two years of good operations so congrats on the milestone ^_^.

---
Thanks for a great 2 years with RentalStarter!
This week marks 2 years of operation of our buy-rehab-rent-refinance company.

What started off as a bitcoin experiment has grown into a company providing jobs over the past year to 10 different individuals as well as housing to over more than 60 individuals.

While there have certainly been some difficulties to overcome, I am extraordinarily pleased with the progress we have made and the future that lays before us.

Recently, our operations have received a fair deal of attention in various blogs and real estate investor outlets. Through this process, we have recently been able to partner with a very large real estate investment trust. Part of this relationship helps us adopt the best practices of a firm several orders of magnitude greater than ours. From our research dealing with this, we do believe that we are poised to grow substantially over the next year as more debt options become available. Our core metrics are good, boasting less than a 1.5% vacancy rate and IRR of more than 18% through the end of June 2015. Compare this to the market norms of ~8% vacancy and 12% IRR we believe we are on the right track in the long term.

Be sure to visit our slack page at rentalstarter.slack.com if you have not for more business updates.

[gogxmagog]

These kind of recession housing markets can work, but not on this small scale. Basically you need to go in with enough backing to buy up foreclosure so and do all sorts of upgrades and management, even then it's risky.

You can get an acre of land for $5000 usd at the Salton Sea. Still don't nobody wanna live there

[Branny]

These kind of recession housing markets can work, but not on this small scale. Basically you need to go in with enough backing to buy up foreclosure so and do all sorts of upgrades and management, even then it's risky.

You can get an acre of land for $5000 usd at the Salton Sea. Still don't nobody wanna live there

And where we're located, plenty of people want to live.


We've been able to buy and rehab 21 doors so far. I don't know what you consider small or large, but at a minimum we're getting stuff done.

[ZyclonRacerX]

Lol, cheap sharez guys!!

Asks:
2015-12-18 02:10:27
   137/137   ฿0.00471999   ฿0.6466
2015-12-18 02:09:58
   168/172   ฿0.00472000   ฿0.7930

...
...
http://20yearbillionaire.com/who-is-the-worlds-richest-man-i-am/ (taken down)
https://web.archive.org/web/20110106022728/http://20yearbillionaire.com/who-is-the-worlds-richest-man-i-am/ <==click this

Hahahaha

[Branny]

As shocking as it may be, I do not control Havelock share price.

As shocking as it may be, we as a company have around 100 people that rely on us for housing as well as are supporting primary employment for 3 different families.

Additionally we've had a decently profitable year, shareholders will be sent a copy of our pre-audit P&L sheet that we're providing to our accountant and the IRS.

[ZyclonRacerX]

As shocking as it may be<>

Shocking? A Havelock security making money for its marks investors -- now that would be shocking.
This? Not so much.
The only reason you haven't been popped for issuing unregistered securities is because, up to this point, no one gave a damn. The wheels of justice turn notoriously slow. Wait for it

[ZyclonRacerX]

Last Price   ฿0.00425?
No buys til  ฿0.00184?!
Excelsior!

[dropt]

Last Price   ฿0.00425?
No buys til  ฿0.00184?!
Excelsior!

Don't you have some fine print in a rental agreement to go moan about?

[ZyclonRacerX]

Last Price   ฿0.00425?
No buys til  ฿0.00184?!
Excelsior!

Don't you have some fine print in a rental agreement to go moan about?

Nah, rather laugh in your face, for getting owned again.
By another Midwestern yokel selling unregistered 'securities' on an unlicensed 'exchange.'
SFYL

https://web.archive.org/web/20110106022728/http://20yearbillionaire.com/who-is-the-worlds-richest-man-i-am/ <==click this

[dropt]

Nah, rather laugh in your face, for getting owned again.
By another Midwestern yokel selling unregistered 'securities' on an unlicensed 'exchange.'
SFYL

https://web.archive.org/web/20110106022728/http://20yearbillionaire.com/who-is-the-worlds-richest-man-i-am/ <==click this

Getting owned again?  Kind of hard when I don't own any RS.  But don't let that stop you from eating another doughnut in a self-celebratory effort to keep your ass round. 

Nice handle btw. I wonder how different today would be if the Nazi's had spent some time firing good ol Zyklon (PS: It's spelled with a 'k') around Poland.

[ZyclonRacerX]

>Getting owned again?  Kind of hard when I don't own any RS.

Sure you do. Or equally hilarious HASH, peddled by his twin bro. Or, come to think of it, just about any 'security' on offer @ Havelock. Otherwise, why such rage?

>Nice handle btw. I wonder how different today would be if the Nazi's had spent some time firing good ol Zyklon (PS: It's spelled with a 'k') around Poland.

If you're referring to Zyklon B, prussic acid-infused granules manufactured by IG Farben, it was never fired, by Nazis or anyone else, in Poland or elsewhere. It came in tins, rapidly dispersing through the air after being introduced into an enclosed space, due to being highly volatile (boiling point 25.6 °C or 78.1 °F). The process was often aided by heated air passed over the granules. /schooling

Since you're also a grammar Nazi scholar of spellings, consider omitting the hyphen when pluralizing the word Nazi. Or any word.
Doing so would make you appear less retarded.

Back on topic: How about som cheap sharez? Only ฿0.00425! Going by the cost of the last tranche, a deal at twice THREE TIMES the price

[dropt]

>Getting owned again?  Kind of hard when I don't own any RS.

Sure you do. Or equally hilarious HASH, peddled by his twin bro. Or, come to think of it, just about any 'security' on offer @ Havelock. Otherwise, why such rage?

Rage?    Try a little harder, would you?

Since you're also a grammar Nazi scholar of spellings, consider omitting the hyphen when pluralizing the word Nazi. Or any word.

Pardon?

I guess you really do need glasses. 

[ZyclonRacerX]

^^
Lol, ok, totally not butthurt, just spredin' some sunshine
Re. "hyphen" -- meant apostrophe, as in

would be if the Nazi's had spent some time firing good ol Zyklon (PS: It's spelled with a 'k') around Poland.

Don't do it, or move it right after the "ol," where it belongs.
Back on topic tho: Got anything to share about this deal of the century, or you just here for friendly chitchat?

[dropt]

^^
Lol, ok, totally not butthurt, just spredin' some sunshine
Re. "hyphen" -- meant apostrophe, as in

would be if the Nazi's had spent some time firing good ol Zyklon (PS: It's spelled with a 'k') around Poland.

Don't do it, or move it right after the "ol," where it belongs.
Back on topic tho: Got anything to share about this deal of the century, or you just here for friendly chitchat?

Nothing to share.  I held a few shares way back when but sold them off.  I keep an eye on it every now and then because of all of the other BS offerings this one seemed to at least have a plausible long-term business model.  However, no divs since August. Likely why the valuation is going into the shitter.