Tag: Startups

3d Printed Neighborhood Coming To California

3D Printed Neighborhood Is Coming to California

On April 16, 2021

In Finance, Investing, New, News, Real Estate, Uncategorized, Welcome

There is no doubt that technology and industry will continue to evolve in many forms. Many futuristic sectors are currently being developed. Initiatives such as the robotic and the internet of things are becoming more and more of a factor.

Another industry that is emerging very quickly is the 3D Printing industry. 3D printing is emerging in various aspects of society. It has become abundantly clear that 3D printing has become a part of the housing industry as well.

As hard as it is to believe, there is a desert in California set to become a neighborhood constructed entirely via 3D printing.

In this piece, we are going to examine this fantastic occurrence in greater depth.

The location of this potentially historic neighbor good will be the Coachella Valley. Thanks to a partnership between an organization specializing in sustainable real estate development and a construction technology firm, 5 acres of land will become a community of 15 3d-printed houses.

The construction technology firm is named Mighty Buildings. Mighty Buildings considers this project as a realized fulfillment of its vision for the housing industry’s future.

Mighty Buildings is based in Oakland and specializes in creating homes with the use of 3d printers that are pretty sizable.

The material used by the construction company is designed to harden instantaneously. Thus, roofing and insulation can be done in one seamless process.

Mighty Buildings can automate 4/5th of the home construction process while achieving cost savings in manpower. Their approach allows environmental waste to be significantly reduced.

According to the company’s chief sustainability officer, Mighty Buildings can build a 350 square foot home in a day.

The 3D-printed homes will have a modern look. All homes will be 1450 square feet and will consist of three bedrooms and two bathrooms. Also, each home can have another 2 BR/1 BA residence on the premises.

Each home will have a pool in the backyard. Individuals can opt for amenities such as hot tubs and fire pits.

Prices for the primary 3 BR/2 BA 3d-printed home start at $595,000. If one opts for a two-home setup with enhancements, the price is $950,000.

What to Consider When Investing in Real Estate with a Partner

By W Darrow Fiedler

On August 19, 2016

In Finance, Investing, News

Investing in real estate is a great way to add to your investment portfolio by securing a physical property that will net you returns in the future. Even so, the prospect of buying an investment property can be daunting for many people, which makes it much more appealing for a lot of first-time investors to go into their first deal with a partner. A partnership helps defray the cost of the investment, and it also provides a buffer for error by distributing responsibility across multiple parties, instead of just one. Still, there are a few aspects of partnerships in real estate investing that can be troublesome if both parties are not knowledgeable about potential pitfalls. Here are three aspects of real estate investing partnerships to be aware of before signing on the dotted line.

1) Who will supervise and pay for work on the property? Part of investing in real estate is often performing standard renovations to make sure that the property nets the highest amount of revenue when it gets put on the market. Before you put money down, have a frank discussion with your potential business partner about whose responsibility it will be to handle the work on the property – who is paying for it, who is supervising it, and who is completing the punch list once it has been completed. This conversation will help to inform both parties about their individual responsibilities, and it will save you an uncomfortable discussion later on if and when important details fall through the cracks.

2) How are you splitting equity? Presumably, the intention of investing in real estate is to increase its value and net greater returns on the property over time. It’s important to mutually agree on a split in equity before the property makes it to the market; if you wait until afterwards, you’ll automatically increase the likelihood that you’ll end up having an acrimonious, partnership-ending conflict over the split in equity later on, which could cost you not only a business partner, but also a significant amount of money.

3) What will you do if one party wants to leave the partnership? As with any business, it’s important to draw up a contract between both parties that clearly and irrefutably outlines what the terms of the agreement are and what will happen if one person decides that they no longer want to be involved in the ownership of the property. If you have a contract in place, then there will be no miscommunication about the roles and responsibilities of each person down the line, and there will be no conflict when one person decides to disengage, because you’ll already have a plan in place for this exact situation and others like it.

While it can be challenging to invest in real estate with a partner, it can also be infinitely more rewarding and significantly more lucrative. So, then, as long as you go into your business arrangement with open eyes and clear guidelines for the functions and division of labor for your business, you will set yourself – and your business partner – up for success in the rewarding world of real estate investing.

Co-Founder of PayPal Launches New Credit Startup

By W Darrow Fiedler

On April 14, 2016

In Finance, News

Max Levchin, one of the co-founders of Paypal, has announced that he has raised an impressive $425 million of funding for his newest venture, Affirm, the mission of which is to replace credit cards with micro-loans at a point of sale.

The startup’s service, which is called “Buy With Affirm,” allows shoppers to pay forgoods online in a series of monthly installments, in lieu of one lump-sum payment that is often beyond the customer’s means. By submitting your name, cell phone number, birthday and the last four digits of your social security number, you can apply for membership, at which point Affirm’s algorithm considers a number of variables – like the regularity with which you receive paychecks and how liquid your finances are – to determine how much risk is associated with your finances and whether you are a suitable candidate to receive Affirm’s micro-loans.

With Affirm, PayPal co-founder Max Levchin is hoping to disrupt the credit industry completely.

Describing the motivation behind his new company’s mission to Fortune Magazine, Levchin pointed to the fact that many Millennials not only feel no sense of loyalty towards their banks, but actually possess a marked distrust of large financial institutions. This was shown in a research study conducted by Viacom Media, in which 10,000 Millennials were polled about Big Finance and agreed across the board that all four of the biggest banking brands were on their list of the ten least-loved brands in the USA. Levchin’s solution, then, is to provide these Millennials with a banking alternative that offers increased transparency, in addition to assistance paying off larger amounts of money.

Since Affirm’s launch, the number of merchants they’re partnered with has increased steadily. Last year, they were only used by 100 merchants, and this year, they are used by 700. According to Levchin, users are also hopping on the Affirm bandwagon in impressive numbers, and many are coming back again after their first use.

Clearly, some heavy-hitting investors agree with Levchin that when it comes to Millennial banking and credit, something’s got to give. Founders Fund, Affirm’s newest investor, just contributed $100 million to the company’s financial backing, and they have already received investments from Lightspeed Venture Partners, Spark Capital, Khosla Ventures, Andreessen Horowitz and Jeffries.

It will be interesting to see if Levchin is successful in doing for credit what PayPal did for online payments; only time will tell.