David Morgan

Co-founder at VeloCFO | Head of Accounting

[David Morgan @dmorg12345]

@atxREpodcast Do you know what fees and timelines are looking like for dividing lots?

[David Morgan @dmorg12345]

@atxREpodcast We are dealing with this at a project in east Austin. They are also months behind on installing the pole.

[Cognition @cognition]

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[David Morgan @dmorg12345]

@bgurley Even with the HOME initiative in Austin it is still pretty tough to make an infill project pencil. The city is also still really slow to issue building permits. It is a positive change but I don’t think it will move the needle for affordability.

[David Morgan @dmorg12345]

@cathrynlavery I tried to protest my home value in Travis County in 2019 and they threw out all of my comps saying they couldn't be validated and they provided little explanation.

[David Morgan @dmorg12345]

@pt I would have your tax advisors do a monthly rollforward of your tax-basis balance sheet as it sounds like you are looking at the asset test. One subjective determination is when you “launched” as you have to capitalize startup expenses prelaunch.

[David Morgan @dmorg12345]

@TheATX1 Any idea how if there will be any connection to Springdale General next door? I can’t tell from the renderings I have found.

[David Morgan @dmorg12345]

@thesamparr Check out Plungie Pools from Dallas as well. Our builder in Austin has put a couple in his projects.

[David Morgan @dmorg12345]

@arlogilbert Are you a buyer here? Your Hubspot recommendation was on.

[David Morgan @dmorg12345]

@digits @SoftBank @HarryStebbings @benchmark @GVteam Congrats! I was blown away by the demo and how Digits synthesizes QBO and bank data.

[David Morgan @dmorg12345]

@theSamParr Our builder is Foresite Studio to give you a gauge of how nice. We are going to sell the primary unit (2,500 sq ft) and keep the smaller unit as a rental property. Comps have the primary going for over $1.3M.

[David Morgan @dmorg12345]

@theSamParr We got our final budget for our east side project and it is like $230 per sq ft but we had a couple of early wins. We should compare notes.

[David Morgan @dmorg12345]

@atxREpodcast The variance to build a primary structure in the rear of my lot took 8 months. However, it feels like they are routinely approving this now.

[David Morgan @dmorg12345]

@chaingenius @kevinngo_la @derek_hsue @Cooopahtroopa Let me know how I can co tribute

[David Morgan @dmorg12345]

@RohunJauhar I live on the east side. I play golf at Wolfdancer (25 min drive) and workout at Squatch (10 minute walk). I really like my current setup with a 5 month old, may not work forever.

[David Morgan @dmorg12345]

@Austen What really fires people up is when shares are bought back at greater than the 409A price and that spread is taxed as ordinary income.

[David Morgan @dmorg12345]

@theSamParr I am doing the same thing in East Austin. You should chat with Dana Ambs.

[David Morgan @dmorg12345]

@girdley Great thread! But the company has to have less than $50M of assets rather than be valued at under $50M, right?

[David Morgan @dmorg12345]

@terronk Switching costs for a cc program are pretty high. Not sure if that makes this news more impressive or if this is going to be a massive uphill battle.

[David Morgan @dmorg12345]

@PaulYacoubian https://t.co/1mmchzbiqX >>> Take a pic of you avocado and it calendars when you should eat it.