Flipping houses is hard.
Not because the math is complicated, but because too many people let someone else do it for them.
I still see investors stretching ARVs by 10–20%, buying properties they’ve never walked, and relying on numbers from wholesalers, listing agents, or sellers who all have one thing in common: they get paid if you buy.
Run your own comps. Walk your own deals. Challenge every assumption.
The easiest way to lose money in real estate is to outsource your judgment.
Palantir CEO Alex Karp on Why Modern Progressivism is Broken
Chamath:
“Alex, what did you mean earlier when you said progressives want you to be poor? I may be paraphrasing.”
Alex Karp:
”The modern progressive movement is clearly not progressive.”
“Progressive is defined by the working class do better tomorrow than they did today and know it.”
“To do that, you need things that you can do at scale now. Vocational training on AI-based systems, making our laborers more valuable. Obviously closing the border so that you don't reduce the amount that you pay people, and also eviscerate legal protections. This is not progressive.”
“It's not progressive, by the way, to have so little competence or willing to use force that we get overrun by drugs.”
“Who do those drugs go to? Disproportionately poor people of color.”
“It's not progressive to have crime rates… you know, to be a war zone, you have to have five deaths per 100,000. That's like half our cities. How is that progressive?”
“You mean you care about poor people so much, you're just gonna let them kill each other?”
In 2023, SpaceX completed 96 successful missions, safely flew 12 more astronauts to orbit, launched two flight tests of Starship, and more than doubled the number of people around the world connected by @Starlink.
Watch @elonmusk deliver a company update:
At the #CNNTownhall last night, @VivekGRamaswamy gave the perfect answer when asked about his strategy to promote DEI in the public and private sectors
“Let it (diversity) not be the goal, but a byproduct of actually selecting the best person for the job”
@rampagepoker It depends on natural athletic ability and how bad the short game is presently.
If they 4 putt every green right now it’s pretty easy to do.
Too hard to regulate “coaching” in this kind of prop bet. Can they use an ai swing trainer?
E155: In conversation with @TuckerCarlson (plus 25+ mins at the end breaking down the @OpenAI chaos)
-- departure from Fox News
-- biggest issue facing the US today: rediscovering national alignment
-- why prosperity begets self-destruction
-- media control
-- current political landscape
-- reacting to @elonmusk's @dealbook comments
@draftbestballin@Tylerz_55@LandonTice Most of the EV goes to cutoff. The rest distributed to rest of table. Interestingly, the button gives away ev to the other seats by straddling.