Yeah I'm pissed I didn't buy more! I will sell half of my shares when it hits $5.70 so I can play with house money.
AAMC is still the stock I have my eye on. It's not even an open stock yet. They are doing everything right, in terms of restructuring their company under the bankruptcy. They have a good shot at being a 8-9 dollar stock in 5-6 months. The moment they get back on the market; I see a major flux in value.
This may be a dumb question, but how did you find out about their company restructuring? How do you select certain stocks, such as AAMC?
Not stocks, but if you're an accredited investor, I saw a pitch yesterday for a service called "Realty Mogul" where you crowdsource investments in real estate. They launched yesterday. http://techcrunch.com/2013/03/20/realty-mogul-launch/
Saw this today on TC as well. http://techcrunch.com/2013/03/20/we...index-greylock-and-socialcapital-partnership/
It was really solid of a presentation, the girl knew her shit and it was incubated by Microsoft and a lot of their initial signees yesterday (they got about 1000) pledged around $70m for various projects. They probably got a lot of their shit from MSFT and it seems initially they only have properties in Washington, California and I think Texas. Their goal was a 7-8% return and they have different time frames of the projects.
My biggest question with this is how they will manage selling properties at a loss or underwater. I assume that they will use the funds they raise as a down payment and then take on loans to finance the rest of the purchase. If so, then I am at risk of them having to sell and underwater property and I'd be on the hook for that additional debt. Did she talk about if the funds raised would be leveraged by taking on loans or will it strictly be cash purchases?
https://www.realtymogul.com/help Looks like they're doing what I'm doing, using a mailbox as a "beverly hills office" address.
From their site: So I am assuming they are eating any losses outside of your investment. They did not mention any additional need for a capital call or anything of that matter, but I'm sure each property is different.
Looks good. I would only use better photos. It's a common looking stock photography look. Maybe put a couple filters on them or something. The content is really nice though.
I don't see my name anywhere. And in the right column, the DJIA is 9107.04. You like housing derivatives? You want to put my money into Lehman Brothers?
...yeah, moving forward I am not in charge of content/media moderation. I will definitely pass that feedback along though, thank you!
