u/BenniBoom707

This off market gem just came across my desk today.

Almost 1/3 of an acre in downtown of a very prominent Northbay city.

The property has a 5000 square foot Restaurant that needs updates and hasn’t been functioning for some years, with a giant parking lot behind.

2 blocks from the train station and a picturesque Restaurant neighborhood with some of the best in the area.

This property is zoned for a 7-23 unit development.

Owner had it appraised for $1.4 Million back in 2021, tried to sell it a few years ago with no success (priced too high).

Today, they are willing to take $750k cash or hard money.

In this area, homes sell for $400+ per Square foot.

Cost to build something like this will likely be $250-300 per square foot.

Keeping the restaurant in place and renovating could also net around $6000+ a month rent for the space.

This off market gem just came across my desk today.

Almost 1/3 of an acre in downtown of a very prominent Northbay city.

The property has a 5000 square foot Restaurant that needs updates and hasn’t been functioning for some years, with a giant parking lot behind.

2 blocks from the train station and a picturesque Restaurant neighborhood with some of the best in the area.

This property is zoned for a 7-23 unit development.

Owner had it appraised for $1.4 Million back in 2021, tried to sell it a few years ago with no success (priced too high).

Today, they are willing to take $750k cash or hard money.

In this area, homes sell for $400+ per Square foot.

Cost to build something like this will likely be $250-300 per square foot.

Keeping the restaurant in place and renovating could also net around $6000+ a month rent for the space.

Just looking for any serious buyers interested in this project. I am working directly with the seller and have a feeling this one will move quickly.

43 M and have been buying properties since I was 23. Have owned Residential and Commercial, Fix and Flips, Rentals. I’m currently in process of scaling my investment business significantly over the next few years. Based in CA so I have also decided to get my RE license here. I specialize in Forced Value Add CRE, and Multi Family.

I have always been good at finding deals, but right now there are too many deals to do all of them. I have a pipeline of over a dozen deals that have potential, but I’m not able to make a play on them (yet). This has lead me to look into wholesaling…

After doing some research, I think this will be something I am highly successful at. However, I don’t know anyone in the business doing this, and have no clue where to start except these online courses (I will never pay for that).

My question for this group is simple; where do I start?

Taking account to my history in the business, I would love to wholesale CRE but know that’s probably much harder currently. I have a buyer in Northern CA for Fix and Flips, so my gut just tells me to start there.

Please give me any advice on what you would do to start off, what resources I can use to learn, and what you think my strategy should be. Thank you in advance for any help on this!

Not sure if this is the right sub for this, but I have an interesting story to tell and not sure where to start.

For the last 3 years I have been working for a very large national company. Before that, I had working in an entirely different field and profession. A buddy of mine was a senior manager there at the time, and my profession had become slow. He offered me a high level sales position, which was salaried + commission, and basically promised I would be making $300k a year at this role.

The first red flag was in the first 2 months of me working there, he got fired. And he was a top performer, but he made a mistake on a company trip…

For me, the first year was amazing because I was actually really good at sales. I had only once worked in sales as a
Kid 20 years ago, knocking doors for Dish network. But I was now selling high level home upgrades, which in some cases cost 6 figures. I was selling multiple millions worth of contracts for this company every month, and being paid very well for this…

They had a system at the time which was very dated. I was able to master their system in a matter of months, and there were guys on the team that had been there for years who weren’t performing as well as me. I had taken these dated strategies and found a way to reinvent them, the whole team thrived…

But then the company did something very strange. They started removing everything that was working for us, and replacing them with these “improvements”. The problem is these improvements just made our job harder and harder. We voiced our opinions constantly, and were only met with more changes.

By halfway through my 2nd year at this company, my role had changed significantly. They had begun to stack other tasks from the backend over to our side, so not only did we have to focus on front end sales, we had to manage back end systems which we weren’t even trained by the company. They would roll out these changes, and not have them all dialed in at roll out, so we discovered massive bugs and issues during projects.

Then something bad happened. We lost a major client who was a massive lead provider for us. The company tried to blow smoke, they promised they had a back up source, but overtime failed to produce it. Then we lost another client, same thing. We did gain a really good Client in this process, but do the math, we lost 2 and got 1. We estimated that the one client alone was responsible for about 60% of our lead flow.

The cuts started coming, people started falling short of their numbers. When I first started, there were 25 guys between 2 teams. By the end of my 2nd year, there were only 12 guys on 1 team.

Instead of focusing on lead generation, the company shifted towards a micro management focus. They would literally squeeze every last hour out of us. Force us to run weak leads that would never sell, and then nitpick us on why those leads didn’t sell. This is when the gas lighting began…

I always thought my manager was great. But that’s because we only dealt with him when the times were good. While I still think he is a good manager, he was a terrible leader. He was being micro managed as well, and he had a lot of pressure for us to perform how we use to. He did not know how to lead us when times were tough. Instead, he was a ball of negativity. Constantly threatening our jobs. After months of threatening me, I literally had to tell him to “Stop threatening me, it won’t work for me.”

This behavior got worse. The whole team created a new chat, excluding our boss from the chat, because we literally didn’t want to deal with him. I believe this infuriated him more. The cracks began to show. More threats. People leaving due to dealing with his negativity.

Even through all of this, some of my team was still hitting our numbers. But the top performers started to feel disrespected. Emails were sent to HR, and upper management about our manager. But the regional manager was his buddy. They came up together at the company. At one point the regional manager was the manager of this team, and my boss was his “champion”. Any attempts to alert HR or upper management went no where.

More people were getting cut, and now we were down to a team of 7. We still had a top performer who had broke most of the company records. Him and our manager had been having issues for months. The manager wanted him gone, which made no sense to us because he is the top performer in pretty much the whole company. He had even decided to move to another area, to be on another team just so he didn’t have to deal with my boss anymore.

Then about a month ago, he was fired for a minor infraction. A customer called to complain about him. But this customer was not a client, they never moved forward. However the company sided with this customer and fired my colleague. Absolutely mind boggling since this guy was the only one still breaking records. It was proof to me that either the company was self sabotaging, or the manager was that destructive. My colleague is in motion to sue the company…

Now we were a team down to 6, but upper management is telling my boss he needs to hire 9 more people for a team of 15. Make it make sense! Then he hired 3 complete idiots to the team, these guys will not make it, no chance in hell.

Last month, I was swamped with terrible appointments. Nothing was selling for me, and it was probably one of the worse months for me. I still maintained my numbers of completed projects though, the same amount as everyone else on my team.

Then yesterday, my boss and I had our weekly meeting. He quickly told me that I had been let go from the company. Saying that it was because I “didn’t hit my numbers”. Honestly, I didn’t even dispute it I just left the call.

Now, TBH I have been already looking to leave the company. The last year here had taken a toll on my mental health, and I didn’t see a future at this company. I have already began to start on a new career path, and was one foot out the door. But this was still a shock. Guess those countless idle threats finally caught up to me. My entire team is shook and I had to take several calls from them to talk about this. Basically no one on my team is safe.

I looked at my ranking in my company. Out of 100+ people, I am still ranked at #28 in the company, even after a bad month/year. I just don’t understand how I was targeted.

In a nutshell, I feel like I wasted the last 1.5 years of my life working with a company through turbulent times, only to get let go right when things were starting to get good again. I am disappointed that I let this happen, but also feel like I have been taken advantage of.

Any advice or suggestions will be greatly appreciated. Thank you in advance.

TLDR: I was on a roller coaster for the past 3 years with a large national company. I am finally off the ride, but I feel like I want a refund.

Kansas City Shuffle:

I believe what we are currently watching is the Kansas City Shuffle playing out in real time…

- EBay position
- Historic Net Profits
- $2 Billion Share buy back

The current set up could not be more bullish. But there is one thing not even being mentioned on these subs which I believe to be the end Game “Kill Shot” that will not only ignite the squeeze, but set shareholders up to be literally printing money in the future from our shares.

I believe RC is making a bunch of plays on the front end, to distract Wall Street from the End Game.

What is happening on the front end is:
- Making the company extremely profitable
- Accumulate War Chest
- Continue to increase Net Income with innovative consumer products like Power Packs
- Start to accumulate positions in other companies which would fit with our M&A strategy

Once all of this is complete, and we are starting to literally PRINT ($389 Million Net Income), this is the end to Phase One.

End Game:

What is happening on the back end:
- RC is preparing to start issuing Dividends

Once the company is securing profits consistently, the company can start rewarding Shareholders in the form of a Dividend. He has tried this with the a Splividend, but we did not have the NOI or War Chest to start issuing regularly at this time.

Currently, shares outstanding at 448 Million. Not far from our quarterly NOI of $389 M. Once we reach our quarterly NOI to over the threshold of $448 Million, we can literally issue $1 dividends without touching the War Chest.

What happens when we issue $1 dividends?

Death by a Thousand Paper Cuts

They are estimating synthetic GME shares that have been shorted through Naked swaps could potentially be in the Tens of Billions. Every time a cash dividend is issued, the synthetics would also need to be paid, making the shorts pay us out directly for those dividends.

At $448 Million a Quarter, that means the shareholders would get paid close to $2 Billion a year, the synthetics would be a lot more costly to hold at this point from a Short standpoint.

In a nutshell, this means the Shorts would be paying the Apes out potentially tens of Billions per year, forever….

And that’s just at a $1 per share Dividend….. Do the math as NOI rises, so do Divis. Hello!

“Fuck you, pay me?” Yes, we are going to be doing the fucking here big time.

TLDR: I believe RC is setting up to start issuing regular dividends along with the rest of the bullish attacks, and it’s going to trap the shorts in an endless loop of paying out bananas to the Apes.

Tagged as Speculation because I literally have no proof of this. This is Tin Foil but not really since we have already issued a dividend before. Please poke holes in my theory or comment with anything I missed here

OG 21 Ape here checking in. So many things have recently happened it’s making my head spin. I want to try and compile this into what I believe is going to be an insane value add to our investment, and try to put this into a simple bigger picture.

***Here’s what we know:***

-RC has announced Gamestop has accumulated a 5% position into EBAY, making them one of the largest shareholders.

-RC has made a non-formal bid to buy EBAY at a 40%+ premium to when GameStop started buying, of $125 per share, in a 50/50 share and cash deal.

-As RC “expected”, EBay rejected the offer. Essentially saying that it was not beneficial enough for the C-Suite and Board, who would inevitably be cut on Day 1 with RC’s proposal. He literally called them all out, said “I want your company and you will all be relieved immediately”. So obviously, they rejected the deal (EBay board makes $4 million per year, CEO makes $30 Million per year).

-RC has announced that he will “do whatever he has to do” to get EBay. These are not small words coming from a 30 yo billionaire genius. When he wants something, he gets it.

-Then, we are seeing GME tank (right on cue) and now EBay is up 15% this month.

***What I believe is happening:***

-GameStop has began accumulating again, and this is why we are seeing the price and volume rise. Anything under $125 a Share *is a discount* to RC.

-GameStop is also issuing shares currently to buy more EBAY. Which I think is incredibly smart. We have already seen what happens when RC issues Billions of dollars worth of shares: The Price Goes Up. I believe they are currently selling to the market. At current prices 5.5 GME buys us 1 EBAY.

-Let’s be very clear: This is absolutely Accretive to Investors. Your shares are not “diluting” as the shills want you to believe. Our shares being sold are literally increasing our value every dollar that EBay goes up. This is value immediately showing on our balance sheet.

-I believe GameStop will continue to buy shares at a discount with the $9 Billion War Chest that has already been deemed for the EBay deal at $125. Using it now, buys us more shares at the lower price. RC: Deploy it now!

-Along with the shares issued and War Chest deployment to accumulate shares, GameStop will then control 15% of the shares, making them the largest stakeholder (largest Vote).

-But here’s where it gets tricky: Another Ape pointed out that EBay’s corporate structure makes it difficult to own more than 15%, and when that happens, it triggers legal issues which could delay the M&A. Maybe someone can shed more clarity on this in the comments…

-So we know that GameStop cannot hold more than 15% without causing issues. But that doesn’t mean that RC Ventures can’t add a position. We know he has freed up capital in the recent years by selling off his Apple Position. He has mentioned that he has had an eye on EBay “for years”. Was this apart of his plan, and the reason he needed to divest Apple?

-They have estimated the Power Pack business alone could generate up to tens of Billions in profits if paired with the EBay inventory and platform. I believe this pairing with the rest of the platform and GameStops physical footprint combined could create a company much much larger than what they both are today. A couple hundred billion market cap is actually achievable in the near future, and this is not a meme.

RC only needed a 10% position in GME to recreate the entire company. What position will he need in EBay to be able to deliver those same results?