The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Lee: Financing fix-and-flips with 90% hard money loans invites failure
“There's a lot of people who will buy these deals because they are super, they're optimistic and they're excited and they take a hard money loan for a 90%. And I feel like that is setting, they're setting themselves up for failure. And I also feel like they may…”
Lee: $17M in Floating Construction Debt Jumped From 4% to 10.5%
“Okay. So I, and they were on construction loans and construction loans are adjustable. They're floating loans. They went from four percent and I almost It was about seventeen million in debt. It went from four percent to 10 and a half percent very, very quickl…”
Ben Lee: First Investment Was a $50K Distressed Note in Law School
“The debtor, the owner owed her 90,000 dollars and my dad and she wanted out of it. So my dad said, Hey Ben, I think I could try to kind of make this deal for you. You're in law school. I think I can get a few for 50. And I was like, 90, wait, 50 for 90? That s…”
Ben Lee Deposited $606,000 from First Major Real Estate Flip
“My first big flip I deposited a 600,000 dollar check. 606,000 dollars.”
Lee: Representing Builders Is The Holy Grail for Real Estate Agents
“When I started selling real estate as an agent, I would represent some builders cause that's kind of a, one of the holy grails of being a real estate agent is you get the listing up front, you get the listing on the second time when they go to sell it.”