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We Buy Houses Charlotte LLC opens for business in Charlotte

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We’re excited to bring our experience and solid business ethics to the the Charlotte NC market.

17 year Veteran Homebuyer Lou Gimbutis is proud to announce the launch of a new business, We Buy Houses Charlotte LLC!

“After moving to NC to escape Michigan’s horrible real estate market in 2007,” says company founder Lou Gimbutis, “We settled in Statesville NC, and have been primarily buying houses in Iredell County, with occasional purchases in Charlotte itself and surrounding areas.”

Moving the company to the Greater Charlotte area in 2007 was a big decision, with a lot of research behind it.

We asked Lou what some of the factors he considered were, and here is his response:

“I limited it to the Eastern portion of the country, so as not to be incredibly far away from family. Beyond that a blank slate sat before me, upon which I began writing the criterion which would make for an optimal long-term growth market. Here were the most important factors:

1.    Local economic strength- Michigan had demonstrated with brutal clarity the effect of having all of your economic “eggs in one basket”. Therefore, I sought an area that would not topple if the winds of change blew a contraction or collapse in one or two industries. Charlotte qualified strongly on that point.

2.    Growth potential- At the time I reviewed the numbers, Charlotte’s housing stock was considered undervalued compared to other major metropolitan areas across the country. In other words, if you wanted to move to (or relocate your company to) a big city, you could buy a lot more house for your money in Charlotte.

3.    Average days of sunshine- Statisticians track everything, don’t they? When trying to project future growth, I did not take lightly the fact that most people prefer bright blue sunny skies to their gray, overcast brethren. Charlotte sat very high on the list.

4.    Proximity of various recreational activities- Charlotte is only hours from the beaches of the Atlantic Ocean, but moving in the other direction, mere hours from the Blue Ridge Mountains. This results in a staggering variety of scenery, as well as convenient proximity to both winter sports such as skiing, and a long summer season of watersports.

There were of course many other factors, but the resultant decision, which I have yet to come to regret, is that Charlotte is the solid choice for sustained short and long-term growth.”

With the launch of We Buy Houses Charlotte LLC, Lou will be able to better focus on buying houses for cash in Charlotte proper, instead of primarily in the surrounding areas.

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Source: https://www.prweb.com/releases/we_buy_houses_charlotte_llc_opens_for_business_in_charlotte/prweb17493709.htm

OTC Newswire

WSGF – Short Term Rentalz Features New Vaycaychella Hotel In Cuba

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Dallas, TX – November 27, 2020 – OTC PR WIRE — World Series of Golf, Inc. (OTC: WSGF) (“WSGF”), today announced that its sharing economy technology subsidiary serving the short-term rental market, Vaycaychella, is featured in an article published by Short Term Rentalz:

Vaycaychella adds Cuban hotel to portfolio

The article highlights Vaycaychella’s recently announced deal adding a new boutique hotel in Havana, Cuba and goes into more details on the company’s history, growth and development.

To learn more and keep up with the latest updates, visit https://www.vaycaychella.com/.  At the company website, you will find a blog with frequent industry publications on the short-term rental market in general, as well as entries specific to Vaycaychella.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

WSGF Contact:
William “Bill” Justice
bill@vaycaychella.com
(800) 871-0376

Source: https://otcprwire.com/wsgf-short-term-rentalz-features-new-vaycaychella-hotel-in-cuba/

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Covid19

Ranked: The Top 10 Most Valuable Real Estate Cities in America

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The Briefing

  • With positive earnings in each of the last four quarters, Tesla is now eligible to join the S&P 500. They will be the 8th largest stock and 7th largest company on the benchmark index, with a market cap of $544 billion
  • Tesla’s inclusion in the S&P 500 will commence in December of this year—an additional blow to Tesla bears as the index brings with it an additional layer of prestige

The New Kid On The Block

Tesla will be joining the S&P 500 in December, gaining eligibility for inclusion after posting positive earnings over four consecutive quarters.

In Q3’20, the company made $331 million in profits, and delivered 139,300 vehicles. The stock has been on a tear in recent years, and joining the index only furthers the automaker’s momentum – dealing another blow to the increasingly hopeless short sellers along the way.

Company Market Cap TTM Earnings
Apple $1,971B $55B
Microsoft $1,617B $44B
Amazon $1,569B $11B
Alphabet $1,193B $34B
Facebook $785B $18B
Berkshire Hathaway $547B $81B
Tesla $544B $0.5B
Walmart $430B $14B
Visa $411B $10B
Johnson & Johnson $377B $34B

Anything But Standard

Standard & Poor’s have quite the criteria before a company can be considered for inclusion in their flagship index. To be part of the S&P 500, a minimum market cap of $8.2 billion is required.

Of course, market cap is not where Tesla’s weakness is. Valued at $544 billion, right off the bat they will be one of the top S&P 500 companies. Rather, net income has been the struggle for Tesla. After government subsidies, they posted $556 million in trailing twelve month (TTM) profits, placing them 357th in the index.

By market cap, Tesla runs with some of the all-time greats and will be the largest inclusion to join the index ever. When ranked by net income though, a much different ranking emerges:

Rank Company Symbol Annual Net Income
355 Tractor Supply Company TSCO $562M
356 Mettler-Toledo International MTD $561M
357 Tesla TSLA $556M
358 Huntington Ingalls Industries HII $549M
359 Zebra Technologies ZBRA $544M

By this metric, the automaker can be found adjacent to lesser-known Mettler-Toledo and Tractor Supply Company.

The EV Revolution

As the electric car movement continues full steam ahead, Tesla as the market leader will play a pivotal role in society’s transition towards it. The average cost of the Model 3 is decreasing, thus increasing its affordability. This marks a positive signal as widespread adoption often above all requires feasibility for the masses.

As governments worldwide continue to bolster their arsenal in combating climate change, it catalyzes the demand for both electric vehicles and Tesla shares. With short seller activity beginning to subside, Tesla’s official kickoff in the S&P 500 next month could be the next chapter for Elon Musk & Co.

Where does this data come from?

Source: Asset Dash and Barchart.com.
Notes: Financial data is as of November 25th, 2020

Source: https://www.visualcapitalist.com/top-10-most-valuable-real-estate-cities-us/

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OTC Newswire

WSGF – Vaycaychella Has 10 Of 36,000 Cuban Airbnb Listings And Now A Hotel

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Dallas, TX – November 25, 2020 – OTC PR WIRE — World Series of Golf, Inc. (OTC: WSGF) (“WSGF”), through its sharing economy technology subsidiary serving the short-term rental market, Vaycaychella, today highlighted the history and development of, and the company’s own experience in the Airbnb market in Cuba.

Airbnb entered the Cuban market in 2015 and generated $40 million in short-term rentals the first year. Today there are more than 36,000 Cuban listings on Airbnb.

Vaycaychella’s short-term rental market business started by backing local Cuban rentrepreneurs in 2017 to acquire and restore majestic art deco homes in a gated beachside community just east of Havana. Five of the homes are beautifully restored and listed on Airbnb today. Five more are undergoing restorations. The sky is the limit with many old empty homes in the community all in need of being restored.

Yesterday, in a completely separate deal with a different Cuban rentrepreneur, Vaycaychella announced backing a boutique hotel in the Havana residential community of Miramar. An old Miramar mansion is being restored into a small hotel, restaurant and night club.

While Vaycaychella started in Cuba, the company now backs short-term rental properties from Mexico to Puerto Rico. While the company has funded its short-term rental rentrepreneur client/partners on its own, the company has launched a website and will soon launch an app to invite investors (investrepreneurs) to repeat our successes and connect directly with rentrepreneurs themselves.

If you have an interest in learning more about Cuba or pursuing owning and operating or backing an owner and operator of a short-term rental property anywhere in the world, visit our website at www.vaycaychella.com.

To learn more and keep up with the latest updates, visit https://www.vaycaychella.com/. At the company website, you will find a blog with frequent industry publications on the short-term rental market in general, as well as entries specific to Vaycaychella.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

WSGF Contact:
William “Bill” Justice
bill@vaycaychella.com

(800) 871-0376

Source: https://otcprwire.com/wsgf-vaycaychella-has-10-of-36000-cuban-airbnb-listings-and-now-a-hotel/

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Autodesk CEO Andrew Anagnost explains the strategy behind acquiring Spacemaker

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Autodesk, the U.S. publicly listed software and services company that targets engineering and design industries, acquired Norway’s Spacemaker this week. The startup has developed AI-supported software for urban development, something Autodesk CEO Andrew Anagnost broadly calls generative design.

The price of the acquisition is $240 million in a mostly all-cash deal. Spacemaker’s VC backers included European firms Atomico and Northzone, which co-led the company’s $25 million Series A round in 2019. Other investors on the cap table include Nordic real estate innovator NREP, Nordic property developer OBOS, U.K. real estate technology fund Round Hill Ventures and Norway’s Construct Venture.

In an interview with TechCrunch, Anagnost shared more on Autodesk’s strategy since it transformed into a cloud-first company and what attracted him to the 115-person Spacemaker team. We also delved more into Spacemaker’s mission to augment the work of humans and not only speed up the urban development design and planning process but also improve outcomes, including around sustainability and quality of life for the people who will ultimately live in the resulting spaces.

I also asked if Spacemaker sold out too early? And why did U.S.-headquartered Autodesk acquire a startup based in Norway over numerous competitors closer to home? What follows is a transcript of our Zoom call, lightly edited for length and clarity.

TechCrunch: Let’s start high-level. What is the strategy behind Autodesk acquiring Spacemaker?

Andrew Anagnost: I think Autodesk, for a while … has had a very clearly stated strategy about using the power of the cloud; cheap compute in the cloud and machine learning/artificial intelligence to kind of evolve and change the way people design things. This is something strategically we’ve been working toward for quite a while both with the products we make internally, with the capabilities we roll out that are more cutting edge and with also our initiative when we look at companies we’re interested in acquiring.

As you probably know, Spacemaker really stands out in terms of our space, the architecture space, and the engineering and owner space, in terms of applying cloud computing, artificial intelligence, data science, to really helping people explore multiple options and come up with better decisions. So it’s completely in line with the strategy that we had. We’ve been looking at them for over a year in terms of whether or not they were the right kind of company for us.

Culturally, they’re the right company. Vision and strategy-wise, they’re the right company. Also, talent-wise, they’re the right company, They really do stand out. They’ve built a real, practical, usable application that helps a segment of our population use machine learning to really create better outcomes in a critical area, which is urban redevelopment and development.

So it’s totally aligned with what we’re trying to do. It’s not only a platform for the product they do today — they have a great product that’s getting increasing adoption — but we also see the team playing an important role in the future of where we’re taking our applications. We actually see what Spacemaker has done reaching closer and closer to what Revit does [an existing Autodesk product]. Having those two applications collaborate more closely together to evolve the way people assess not only these urban planning designs that they’re focused on right now, but also in the future, other types of building projects and building analysis and building option exploration.

How did you discover Spacemaker? I mean, I’m guessing you probably looked at other companies in the space.

We’ve been watching this space for a while; the application that Spacemaker has built we would characterize it, from our terminology, as generative design for urban planning, meaning the machine generating options and option explorations for urban planning type applications, and it overlaps both architecture and owners.

Source: https://techcrunch.com/2020/11/19/autodesk-ceo-andrew-anagnost-explains-the-strategy-behind-acquiring-spacemaker/

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