@chrisrcoles Profile picture

Chris Coles

@chrisrcoles

Technology and real estate

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Here’s how I bought my first property and half $1M to my networth in 2 years. A story on the power of house hacking, some luck/good timing and hard work. I purchased my first property - a 4 unit property with a FHA/203K loan for $565,000 in Feb 2021. I invested $200K into gut…


Chris Coles Reposted

To me a startup unicorn isn't a billion dollar company. It's this: You find a VC-backed startup doing $5M ARR and burning cash. It's been around for 10 years, raised $20M, and based in SF. You swoop in, buy it for pennies on the dollar. Recap the company so the old…


Chris Coles Reposted

Having Trouble VERIFYING your Google Business Profile? You’re not alone. I have verified 150+ Google Business profiles With a 100% Success rate Here is a step by step guide we use to verify your profile It can be yours for FREE. Like, retweet, & comment “VERIFY”

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Chris Coles Reposted

After spending countless hours reading news articles from self-proclaimed real estate experts (mainly REALTORS®'s, mortgage brokers, and banks), I have finally reverse-engineered their proprietary real estate macro model.

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My strategy has been to take active income from building software in tech and buy assets like real estate.

I just got my W2: Total comp was $640k. $300k was stock. Some non trivial amount was a bonus (25%?) I worked at Meta for 5 years, and in 2022 I got the highest performance rating available. (Redefines expectations). I joined via acquisition, but I was only an E5.



South FL property taxes and insurance are getting crazy. Property taxes and insurance on a 4 unit I bought in Feb 2021. 2021 Property Taxes: $7500 Insurance: $4100 $970/mo 2023 Property Taxes: $12,600 Insurance: $9000 $1800/mo


Chris Coles Reposted

My children will live at home as long as they like. The rat race is stupid. They’ll have to be useful and have purpose, otherwise they’ll be drug addicts or lowlifes, but that boomer shit of kicking them out. Nah.


My father’s mother would always give us grandkids $1 bill every time we saw him. Soon as we walked through the door he’d reach into his pockets and pull out a stack of cash. Plucking a dollar from the wad, he’d hand $1 to each of us with a smile telling us to go buy some sweets.…


Chris Coles Reposted

Today I learned that 87% of 1031 exchanges are eventually followed by taxable sale Only 13% go to a step up in basis at death


Chris Coles Reposted

Everybody wants to be an entrepreneur until they find out they get paid last.


Once I learned I could buy income I’ve never looked at working the same.


Chris Coles Reposted

How do you know when to quit? Here’s the truth: I don’t have a good answer. I am bad at quitting. But these are things that have helped know when to quit:


Chris Coles Reposted

I’ve said it before: US farmland is the most undervalued asset in the world Land is incredibly scarce all over the world - people will fight to the death over it and protect it at any cost Yet here in the US, you can buy hundreds/thousands of acres of land in the most…


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