South Florida man pays $3.8M for Tampa home, re-lists for $9.5M

[Mr.LV]

 

[Rubato]

And made the news? Brilliant marketing

 

[Dwayne]

No renovations?

 

[Revolver Ocelot]

No renovations?

And on a busy ass street.

I could see him getting maybe 1M over what he paid, but not 6.

Tho I bet the neighbors hopes he gets that full 9M or more.

 

[LurkerSix]

Chris Bosh sold his Miami mansion in January for 14 mill after being on the market for a min. The people who bought it put it up for sale at 42 mill in November. South Fl has the craziest market right now. Makes no sense.

 

[Elzo69Renaissance]

Chris Bosh sold his Miami mansion in January for 14 mill after being on the market for a min. The people who bought it put it up for sale at 42 mill in November. South Fl has the craziest market right now. Makes no sense.

Demand is crazy right now

the properties we listed last year got no less than 30 offers each

 

[LurkerSix]

Demand is crazy right now

the properties we listed last year got no less than 30 offers each

And its mostly the same fucking people buying up everything.

 

[LurkerSix]

Forgot to list this to go with my other comment. I'm not gunna post the whole article gunna have to read the link for that

WSJ News Exclusive | WeWork Co-Founder Adam Neumann Is Becoming an Apartment Mogul

Entities tied to the entrepreneur have bought majority stakes valued at a total of more than $1 billion in buildings in Southern cities.

www.wsj.com

WeWork Co-Founder Adam Neumann Is Becoming an Apartment Mogul
Entities tied to the entrepreneur have bought majority stakes valued at a total of more than $1 billion in buildings in Southern cities

Adam Neumann, who built office co-working giant WeWork before resigning as chief executive when his fortunes soured, has a new business venture under way: apartment landlord.

Entities tied to Mr. Neumann have been quietly acquiring majority stakes in more than 4,000 apartments valued at more than $1 billion in Miami, Atlanta, Nashville, Tenn., Fort Lauderdale, Fla., and other U.S. cities, according to court, property and corporate records and people familiar with the transactions. Many of these investments occurred within the past year.
Mr. Neumann has told friends and associates of his ambitions to build a company that would shake up the rental-housing industry, say people familiar with the matter.

Mr. Neumann co-founded WeWork in 2010 and raised more than $10 billion for a business once valued at $47 billion, persuading investors to value it as a tech company despite its real-estate roots. He also launched WeLive, planned as a network of buildings where people can rent rooms in shared, furnished apartments. The company opened apartment buildings in New York and Virginia, but WeWork closed WeLive after Mr. Neumann’s departure.

The 42-year-old entrepreneur left the company in late 2019 after plans for an initial public offering of stock fell through amid concerns over his management style and heavy losses. WeWork, now publicly traded, has a market capitalization of about $7 billion. That valuation is more in line with real-estate companies than fast-growing tech firms.

Mr. Neumann became rich working at WeWork, and is using his own funds toward buying stakes in the apartment buildings, according to a person familiar with the matter. When Mr. Neumann served as CEO, he and his co-founder sold a total of more than $500 million of stock, largely at higher share prices than today, according to documents and people familiar with the sales. To encourage Mr. Neumann to give up his control of the company, WeWork majority owner SoftBank Group Corp. paid him nearly $200 million for consulting and other fees and bought $578 million of shares from him, according to WeWork securities filings.

 

[DOS_patos]

Allow the bubble to grow

when u hear a pop

then buy