Jay Morrison & The Tulsa Real Estate Fund (Official Thread)

theworldismine13

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TREF bag holders have ILLIQUID shares that were valued proprietarily. They can’t sell em anywhere or get refunded. With dividend stocks u can sell the underlying asset at any time to mitigate an L or lock in profits.

actually there is a process to liquidate, people have been liquidating if they want to
 

Deuterion

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I can’t believe this nikka took like 5 million of the money to buy a fukking huge building to use as a coworking space.

:snoop:

Like, how did he even think that was gonna work? I understand if he felt like he could skim $1M off the top to star the shyt but $5M../he’s a fukking idiot. He went and bought a trophy before he won a game.
 

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I can’t believe this nikka took like 5 million of the money to buy a fukking huge building to use as a coworking space.

:snoop:

Like, how did he even think that was gonna work? I understand if he felt like he could skim $1M off the top to star the shyt but $5M../he’s a fukking idiot. He went and bought a trophy before he won a game.

exactly. Dude should have just bought 1 apartment complex in a good area. Between that and him “buying back the block”, which was basically buying random shytty houses, he missed out on a real opportunity.
 

Deuterion

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exactly. Dude should have just bought 1 apartment complex in a good area. Between that and him “buying back the block”, which was basically buying random shytty houses, he missed out on a real opportunity.

Yeah dude, the portfolio is straight up shyt. $5M could have gotten him a couple multi-family properties generating 5 digits in rent every month. Obviously I’m oversimplifying it but he took the $5M and created more liability with it. The Legacy Center aka Death Star is going to drain every dollar left in the fund.
 
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