Fun fact: I haven’t bought a single house this year. I finished my two AirBNBs and have spent all my time on a 3.2 Million dollar warehouse deal.
Yes I’m loosing time from building houses but I’m forcing growth. Sometimes you have to slow down and push to the next level. I’m investing in the future and if this pays off then it’s all worth it.
Fun fact 80% of AI questions are the same few topics, these topics are routed to simple models that have very low compute cost and consumption. This is done to increase efficiency and reduce compute cost.
STOP ASKING CHATGPT THINGS YOU CAN GOOGLE.
STOP ASKING CHATGPT THINGS YOU CAN GOOGLE.
STOP ASKING CHATGPT THINGS YOU CAN GOOGLE.
STOP ASKING CHATGPT THINGS YOU CAN GOOGLE.
STOP ASKING CHATGPT THINGS YOU CAN GOOGLE.
STOP ASKING CHATGPT THINGS YOU CAN GOOGLE.
Investing in section 8 is a sure fire investment but it’s the lowest and worst use of time.
Yes it’s safe returns but any large developer I talk to frowns upon it.
It’s building minimum viable homes to suck government funding out of the system.
Yes they’re needed. BUT most of y’all aren’t even trying to help people you’re just trying to collect a check and be a slumlord.
REAL Developers are building amazing shit, they’re taking risks, they’re changing things and dreaming.
I just don’t see that with section 8.
When you have investors
1) you leverage their capital in order to increase their rate of return
2) you do not over leverage that capital or you are libel to get clapped
3) you prioritize THEIR return BEFORE your return
4) you keep them in the loop without them asking
5) you add safeguarding and buffer to ensure no backstops are needed
My take:
I don’t think so at all, AI should be used to be efficient and I work highly in this arena so it makes sense.
Long time developers are scared of AI though and more so they’re afraid deals coming their way will be from idiots who just had Claude toss something together.
It sucks to waste time to build a half as good deck as AI but it’s a test to see if you actually want it.
This week I pitched a 3M dollar project to my first Billionaire in a 1 hour meeting.
He tore me a new one for using Claude to build the deck.
I am now rebuilding it by hand to repurchase to him.
I did all of the work and put the deal together but used Claude to make a sharp presentation- it was not AI slop at all.
Is this justified?
Why the fuck did they let anyone off the hantavirus boat.
Governments are so fucking stupid; should have them there for a few months and provide them care.