We are starting a non profit program in Charlotte where ~10% of our houses are being sponsored & reserved for people down on the their luck.
Not slum houses, beautiful 2,000 sf, fully renovated homes.
While someone is living there we will have education programs for them to be a part of and our team is looking at other non profits / food banks to partner up with to make sure someone has food, furniture, and clothes.
We’ll have the entity finished hopefully by Thanksgiving but are starting to allocate houses now.
If you’re looking for places to donate and help people out - this will be a great option for you. Please keep us in mind.
It will not go to me, or Chris, or any of our team but straight to a board of directors that will invest the money straight into the city & the people living in our homes (rent, food, furniture & clothing).
Once program has infrastructure in Charlotte, we are cloning in Birmingham.
If you own real estate and are interested in partnering with us on this, it’d be awesome to see real estate investors across the country start doing this.
Likewise if you have experience or passion running non profit programs, consider reaching out.
More to come, just planting the seed.
INCREDIBLE time to be alive my friends.
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As many of you know I am in real estate and always will be. Have studied macro & currencies for many years, and settled 3 years ago on RE as my primary allocation.
I’m spreading 10% of nw into crypto and here is why.
1/ the value accrual system of the world is wrong
A system where value accrues to the USER will beat a system where the value accrues to the controllers.
-BTC rewards you for doing math & cannot be manipulated to create more for 1 person than all the rest. Similarly -
-ETH 2 rewards the holders (proof of stake) and the more you own the more you will accrue.
Let's talk business acquisition. I'm up to 7 brands and here's how I buy them (quick thread to break it down):
First - we can't talk about funding or mechanics until we talk about deal flow. You must develop a single answer for when people ask you if you're interested:
Yes.
That's the answer... deal flow is the single metric that will break all the other metrics.
Once you have OPTIONS to look at, it's time to organize them into two categories:
1) Strategic 2) Cashflow
Here's the difference: a cashflow business is something I buy purely for the cashflow. I want the yield to support the investment, basic.