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Branny (OP)
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June 27, 2013, 09:39:29 PM |
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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. |
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msm595
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June 27, 2013, 11:06:45 PM |
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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  |
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TheSwede75
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June 27, 2013, 11:40:27 PM |
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I would be interested in purchasing shares at IPO price outside of Bitfunder. OP, could you sell shared privately and hold them in escrow?
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Branny (OP)
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June 28, 2013, 01:54:58 AM |
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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 Yep, very excited, actually up to around 20k shares ($20k) which is right at half of the threshold. |
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cusdog
Newbie
 Offline
Activity: 52
Merit: 0
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June 28, 2013, 02:03:41 AM |
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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.
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Branny (OP)
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June 28, 2013, 02:43:01 AM |
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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. |
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nebulus
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June 28, 2013, 02:52:21 AM |
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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! |
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Branny (OP)
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June 28, 2013, 05:26:06 AM |
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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. |
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ninjaboon
Legendary
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Activity: 2114
Merit: 1002
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June 28, 2013, 11:31:23 AM |
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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. |
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ChronoX5
Member
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Activity: 72
Merit: 10
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June 28, 2013, 04:57:30 PM |
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Bought a few shares, diversification is nice.
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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.
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Branny (OP)
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June 28, 2013, 05:07:55 PM |
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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. |
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rikur
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June 28, 2013, 05:43:11 PM |
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Branny, could you verify your ID with Bitfunder or reputable members such as John K?
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Branny (OP)
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June 28, 2013, 06:23:54 PM |
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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 |
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rikur
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June 28, 2013, 07:21:54 PM |
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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#msg2415645Basically, if you would verify your ID with a trusted 3rd party, I would feel much more safe about investing in your start-up. |
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stephwen
Member
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Activity: 83
Merit: 10
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June 29, 2013, 06:19:38 PM |
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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.
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Branny (OP)
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June 29, 2013, 06:57:28 PM |
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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? |
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rikur
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June 29, 2013, 07:32:02 PM |
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I missed the IPO waiting for ID verification.. oh well. Are you going to issue any more shares?
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Branny (OP)
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June 29, 2013, 08:22:57 PM |
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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.
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ronaldlee0917
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June 29, 2013, 08:32:31 PM |
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Congratulations on the successful IPO.
When will we expect the first dividend?
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Donation: 18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu Mastercoin - A new protocol layer built on top of Bitcoin |
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cusdog
Newbie
Offline
Activity: 52
Merit: 0
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June 29, 2013, 09:05:07 PM |
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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? |
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