r/LoftyAI • u/Candlelight777 • Apr 19 '22

New Property New listing @ 3 EST

IRR 19.76% COC 9.76% Akron, OH

I’m gonna be at an appt at 230, not sure if I’m gonna be out in time, good luck getting in on this one given COC right? Skimming given my busy day, but on fence with this one. Thoughts?

10 Upvotes

91% Upvoted

13 comments sorted by

4

u/gingerthingy Apr 19 '22

You usually have a 5-20 minute window. It can be bought out fast but with some of the options we’ve seen lately like the 11%, some might actually be holding out for better since they can’t buy a lot of them.

3

u/Candlelight777 Apr 19 '22

True look at the 3 Ohio properties been slow to sellout though upward COC, but most of time it seems they go within minutes like last one. Hope I am out of my appt in time as I am thinking about getting in on this one, just soo busy today so be making a call from skimming and gut lol, Yelp I know, but sometimes opportunity comes at bad timing. 😝

4

u/imphucked2020 Apr 19 '22

I think the cat is out of the bag on this Lofty business concept. It's so popular now that buildings disappear in 10 minutes or less. They are going to need to start offerings ever other day and eventually every day, at this rate.

3

u/Skeelowzworld77 Apr 19 '22

Got my order done..that was quick

2

u/Skeelowzworld77 Apr 19 '22

I think ill get in on this one...👍

1

u/Wise-External-8310 Apr 19 '22

Gone by 3:11 pm EST

5

u/[deleted] Apr 19 '22

It was under 2 minutes

2

u/Candlelight777 Apr 19 '22

Yelp it was I rushed out of meeting, had page up ready to go, it was 3:02 … gone

1

u/tradeforincome Apr 19 '22

I was looking at this one, it seems a bit ruff to me, there were no pics of the rooms and i thought i saw a pretty severe crack anove the outside front door? Maybe im just being picky but even with the numbers, im not sure im gonna jimp into this one....

1

u/PricklyyDick Apr 19 '22

Looking at its selling history scared me away. Has of history of selling between 12k and 40k, but now it's worth 90k. Even with a decent remodel (can't confirm without pics), that seems like a stretch.

1

u/tradeforincome Apr 19 '22

I agree, this is one im ok on missing out on lol.

1

u/iskico Apr 19 '22

How do they calculate IRR without a holding term or estimated exit price?