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#me: writes a thesis on how much i love mae
ricardotomasz · 8 months
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Such is life! Behold, a new Post published on Greater And Grander about The Dancing Rabbit; Derek Carranza
See into my soul, as a new Post has been published on https://greaterandgrander.com/the-dancing-rabbit-derek-carranza/
The Dancing Rabbit; Derek Carranza
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Raised in Southern California, Derek attended the Mae West Drama school at age 15, now defunct, where he found representation with Todd Turzo at Encino Talent, an also now defunct agency. Over the course of that year Derek auditioned for big brands like Nike, adidas, Nintendo, Dr. Pepper, and Quaker Oats cereals, to name a few.
Once 18, after deciding acting wasn't for him, Derek attended Cal Poly Pomona, where he obtained a bachelors and Master's degree in Biological Sciences and even taught Human Anatomy there for four years. Always a fan of films and fiction novels, plus with the added experience of thesis writing and teaching, this influenced Derek's attitude toward conveying information, and storytelling.
A few years ago, Derek made the decision to return to the entertainment business, in a different capacity: screenwriter and director.
Since leaving his job as a Professor, Derek has dedicated his time to writing several scripts and making films, which is how Derek got his first work - PEPPERBOX REVOLVER - optioned by producers. During this time, and before, he also worked on several videos for GIER PRODUCTIONS, in many capacities.
Furthermore, Derek is also an alumni for Jimmy Lifton at LIMSLA, where he took part in several productions that have included talent like Viveca A. Fox, Adrian Paul, Joe Montegna, and Nichelle Nichols.
He continued writing other works until eventually making his first feature. The low budget I FEAR NO BEAST, which opened at the IFS film festival to great response. Currently, he's in pre-production on his second feature.
What are you working on now that you’re excited about?
I’m currently working on a few projects, but the one I’m most excited about at the moment is a small contained crime mystery thriller called CAFÉ MONTEVIDEO. This is the one I’m working very hard on to get made at the moment. We’ll see it soon.
Why did you get into the entertainment industry?
For me it started back in 2003 with Kill Bill Vol. I. I was 21. Before that, I was in college, trying to make my way into Dental School, then I went to the theater on the Friday it opened and it was like holy crap! I knew from that point what I wanted to do, which was to make these commercial auteur vehicles that were all written and directed by me. As soon as the picture started, I was in on it. I got it instantly. I knew what Tarantino was trying to do in a way I hadn’t noticed before. He was paying homage to everything he loved and cared for, including himself. Before that, I didn’t think that was a thing. I certainly didn’t think you could make a profession out of directing movies like that. I said, I think I can do my own version of that. I want it to be funny and exciting and tense and engaging. Definitely pay homage, but go entirely my own way. That’s how it started for me. Now, I didn’t necessarily know what my own style would be, I just knew I had to work hard to find it. It took years, but it was worth it.
What was the first project you worked on?
It was an original screenplay I wrote called Pepperbox Revolver. It was a low-budget heist film. I wrote it with the intention of directing it myself, but when I got offered to get it optioned by actual producers, I couldn’t resist. I let it go. Well, I was actually talked out of it, but I didn’t resist much, because I knew I wasn’t ready to do a serious one yet. I was still developing my own signature. In the end, they paid me to rewrite it and optioned it for two years.
How did you find the optioning experience?
I saw many crime films, noirs, westerns, behind the scenes interviews and documentaries and decided that I needed to write something low-budget that had some punch to it. At the time, that was the best idea I could come up with. Thank God I let it go. Now, I look back on it and I realize why. It wasn’t that good. It was primer of who I wanted to be. But, at least it got me noticed.
What were your goals when you started Pepperbox Revolver?
My goals at the beginning, whether I knew how to articulate them or not, were to find my signature style. My personal niche. Define my uniqueness if you will. Even before writing that thing that sold for a lot of money and got recognized. I knew I didn’t want to be like everyone else, that much I did know, even when I tried to. I also wanted to learn and socialize with others who had similar goals in order to learn.
What are your future goals?
At this point, I have several screenplays in several stages of development, including CAFÉ MONTEVIDEO. I would really like to get all of them made, maybe not direct all of them, but certainly putting them in front of an audience. I think this is gonna help direct my original objective within the industry, which is to be that auteur director whose work is seen by lots of people.
What kind of school did you originally go to? And do you regret not going to film school?
I went to a polytechnic school where I majored in Biological Sciences. The plan was to go to Dental School and follow in my dad’s footsteps, but that really wasn’t what I wanted. Then I thought I’d be a teacher, which I eventually did for a few years, then I just decided to stop kidding myself and dove into the entertainment business, which is what I really wanted for myself.
Well, I think people should do what they feel they’re ready for with no pressure. If you want to go to film school and build yourself up, then by all means do that, but if you feel ready to play along with professionals and learn by doing, then I think diving into the industry is the path for you.
What advice would you give to a prospective student who is applying to film school?
Learn all you can, but definitely make your own movies. It never hurts. I did. No one’s gonna make them for you.
I always wanted to write and direct my own films. That’s still the goal.
What difficulties did you encounter in Hollywood?
Well, first of all, this is an industry (entertainment) where you really have to know people. A simple resume won’t do it. Moreover, it’s an industry where no one wants to help you get ahead. And no one wants to pay you for anything. Everyone wants you to help THEM get ahead and pay THEM. I mean, I understand it. Everyone has dreams. We’re all selfish. The challenge is that you have to be persistent and make things happen for yourself. Keeping that energy up. Waiting around for others to help you is a bad way to go about it, I think, here or anywhere. But especially here. If you want something done, you have to really sell yourself along with it.
What did you do for a day job while looking for showbiz work?
I’ve been a teacher, an insurance broker, a busser, a courier, a waiter, cashier. I’ve had lots of day jobs.
When did you decide to stop working for free?
As soon I got my first work optioned. That script wasn’t even that good, yet someone was willing to pay me for it. Why would I go back to doing free work? My writing would only get better, I thought.
So far all the scripts I’ve written have been on spec. It’s the only way I know I can write exactly what I want. But hey, look, I’m not opposed to working on assignment, it’s just that if you’re not into the project you’re writing or the direction it’s going, or the people with whom you’re doing business, then why get involved? Money only provides so much motivation.
I’m currently working on CAFÉ MONTEVIDEO. This is a confined crime thriller with elements of mystery, suspense, romance, character study and comedy. By confined I mean that it all takes place in a steakhouse. It’s an odd little duck, but a very entertaining one that I think is far above average. I think this is exactly what I always wanted to make with my first optioned work - Pepperbox Revolver - it’s just that I didn’t know enough and wasn’t refined enough as a writer at that point. I mean, it’s a completely different story and has completely different characters, but the energy of what I wanted drove it, I think. It’s an idiosyncratic signature piece that exemplifies everything I like about movies and then some, plus it’s probably the first purest creation that I wrote. Everything I’ve written after that has been more enjoyable to find.
What are the biggest mistakes a person can make when they first start working in the industry?
I think not improving and being lazy are the two biggest errors people make when they “break in.” Resting on your laurels is unfortunately how many people in the business fade away never recover. Look, if you make it in, that’s great, but then something else has to keep you there. Consistency in your work is a must. So overtime if you don’t learn or collaborate with other talented people, I think you’re shutting yourself off and won’t go beyond a certain point. Always learn how to do it better, keep entertaining people and avoid doing what you don’t want to do.
What’s the biggest thing you depend on, on set?
(laughs)
You mean besides the equipment and the script? Well, I don’t really have a thing I depend on, like a personal thing. No. Well, maybe my sense of humor. That definitely gets me through the day, always. I like making people laugh. That also comes through in my work, I think.
Did someone ever try to take advantage of your inexperience in Hollywood?
Yes. There was one work I got optioned a while back where one of the producers wasn’t fully aware of the terms of our contract and tried pushing me down over the phone when I asked for my option money. He was yelling and insulting. I told him to settle down, then when he wouldn’t I just swore at him, quit and ended the call. I was done and I meant it. About an hour later the other producer called and patched things up with me and got me paid.
Did you ever pay for a program that promised big results to help further your career, but it never delivered?
I once paid a line producer to make me a schedule and budget for $600.00 and he did a very poor job, so I fired him, then hired someone else [at Greater & Grander] who charged me less and did a way better job.
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Did you ever come across a project or a person that looked promising, and then the whole thing blew up in your face?
A couple times. Mainly the one I just mentioned. That was the worst. The telling signs are when they seem standoffish or you feel you’re not welcome by them on the project; they won’t tell you certain things. They’re not friendly. It’s all in the energy that they project. In that case, from the very beginning I felt unwelcome. They thought of me as “just the writer.” It was all in how they dealt with me.
What did you do?
When he insulted me. That was the last straw. I quit. I meant it. It wasn’t a ploy, a game or a bit for me. When they called me back and ended up giving me what I wanted, I learned a lot.
Did anyone ever approach you and say they would offer you a job if you slept with them?
No, nothing like that. And I’m a little insulted, to be honest. (laugh) No, I’m kidding.
The BEST part of my job is finishing a project or getting it made. Even while you’re on set getting it made. It feels like you’re actually accomplishing something. It’s tangible. The worst part is when you’re gathering all the elements together; the writing of the script, the gathering of funds, the talent referrals, etc. It’s a lot of work.
Did you ever embarrass yourself in a job interview?
As a P.A. on a show I did once. I took a nap after my duties were done. That was not seen well. They still invited me back the next day to work though, so it all worked out.
Did you ever meet someone casually at a club that wound up leading to a great job, or a major step in your career?
Never at a club, but definitely online and on other sets. I met a few great people online which turned out to be people I’m collaborating with on Café Montevideo. One of them I met on a set that I was a part of a long time ago. Also, my first script option was done through people I met online.
How would you advise people to network?
Wherever you meet like-minded people, be sure to keep their contact information and reach out when you need them. Don’t be embarrassed to call and say hi even once in a while if nothing’s going on and definitely try to elicit other contacts from them that might be of use to you. Make sure it’s synergistic, too. You might have something THEY want.
If you had it to do over again, what would you do differently?
I would’ve started doing this when I was a teenager instead of at 30. (laugh) The quicker the better.
What motto do you try to live your life by?
A motto? I don’t really have a motto. Well, maybe something cheesy like:
LIVE AND LET LIVE. (laugh) There is something I do live by though, which is: be cordial and polite, but don’t just make friends with anyone. Not everyone’s friendship or acquaintance can lead to something. You also have to learn how to read people’s energy quickly. If it matches yours, then it could lead to something fruitful. If you spend too much time being casual, you’ll never go your own way or reach what you want. Things are earned, not given.
Where’s your favorite place in Los Angeles?
Definitely going to the New Beverly Cinema or the Aero Theater in Santa Monica. I just love seeing films on 35mm, they way, I think, they were intended to be seen.
Where can people find you and your work online?
You can go to my youtube page online at Oranje Pictures. It’s spelled with a J, not a G. Or type in Derek Carranza. You’ll see my work there. Or go to filmfreeway.com. All my work is on there, too.
Do you have your own thoughts? Let us know in the comments! Or join our community of successful creators on Patreon!
#CAFÉMONTEVIDEO, #Celebrity, #DancingRabbit, #DerekCarranza, #Interview
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manjuhitorie · 4 years
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Shinoda’s Instagram Q&A December 2020 - Translated (Some)
Question “It's been a while since you last did one of these!”
Shinoda “Long time no doing, let's do this”
Q “I loved your new song” SND “THX”
Q ”Do you have any preferred eye medicine? My eyes have been aching as of late” SND “Nope  When mine hurt I go to the eye doctor.”
Q ”I want to finish my thesis and plop like a log already.” SND “You can plop like a log once you finish, probably
Q “Nice work with the live stream!! Are your muscle pains feeling any better?” SND “Fortunately   They're all better now.”
Q “The live stream was super amazing. You were ignored so much during the MCs, I felt bad. SND “Normally the others do in fact talk to me quite a bit, normally at least. Strange.”
Q “SHINODADIDYOUGAINWEIGHT?” SND “Some people tell me I look like I lost weight, some people tell me I look like I gained weight. I don't have a scale in my house so I don't actually know but, I think I'm way better than I was earlier this year. “
Q “Why did you scream that "KOOOOOOON" thing during the live stream earlier?” SND “That was a homage to GG Allin”
Q “Are you in contact with Yamada Ryuuichi? (The vocalist and guitarist of Buzz Mothers)” SND “In spring of this year he had hit me up with a "You doing okay?" and I replied with "I'm so-so."
Q “My significant other if telling me they'll commit suicide if we break up. I'm scared, I can't take this anymore. Am I going to become a murderer..😢” SND “A break up merely means to choose not to walk the same path as another anymore. If that's what you desire then there's no need to agonize over their threats so much.  Also you won't be a murderer.”
Q “Your new song was so good! The singing looks so hard though, are you a masochist?” SND “I had written the song with the intent to lessen my workload but it still somehow ended up being crazy fucking difficult. Why does this happen?”
Q “What's in the background of this Instagram story?” SND “This is the jersey I had worn during last year's tour.”
Q “I just learned of you today, I just came to be fan today.” SND “'nice to meet you'”
Q “It's been a while! My senpai with a big dick can't seem to find a job*! That's all I have to say!” SND ”Even though his dick is so big, huhh I guess things can't always go well*”
Q “What are you doing to pass the time these days?” SND “I've been watching Arupi Channel or Kamomental's skits or New York (The comedy duo)’s skits.”
Q “The reading of 伽藍如何前零番地 seems to differ depending on site or person, may I ask the correct reading?” SND “'Garandou Mae Zero Banchi' ....I'm sure?”
Q “It's been a while, I'm happy to see you~! Who are you rooting for in these year's M-1 tournie?” SND “Tokyo Hoteisonn, New York, ???, Oswald, West Land.....    I just can't wait to see everyone.”
Q “It's been 1 year since I graduated, I can't find work anymore and I'm in the gutter everyday. Can I bother you for some words of encouragement? 👼” SND “Back when I first joined Hitorie, my guitar playing was still shit. Often I would go home absolutely pooped. It took me a long time to learn how to play with confidence. Turns out it's kinda important to constantly be figuring out where you're lacking, and never slack off in this front.”
Q “There's huge ass swelling on my wisdom tooth and I'm getting mouth inflammation all at the same time, I really feel the rush of the end of the year. It hurts” SND “About your wisdom tooth, just go to the dentist. About your inflammation, there's this type of gelatin you can coat your mouth with, that stuff's great.”
Q “Did you purposefully ask what time it was during the concert to reference song lyrics?” SND “I was merely interested in the time.”
Q “Would you prefer being with someone whom you love but is tough to be around, or with someone whom you don't love but is fun to be around?” SND “There's more fish in the sea, I don't think it's impossible to find someone you love whom is also fun to be around.”
Q “I also recognized the place you streamed the concert from too! I was getting excited at my desk.” SND “That threw me for a loop, it hit me as soon as I saw it.”
Q “I started reading Ninja to Gokudou. SND “It's fantastic ain't it.”
Q “Do you know Doraemon? If you do then please I would like to know which of his secret weapons you would most like to have.” SND “Memory Bread.”
Q “During SLEEPWALK I was worried that you might trip on your cables, but how is it on your side?” SND “I try to be careful, to a degree at least...”
Q “Do you recommend any Yakuza movies?” SND “The Ninja Dragon“
Q “I got shivers watching your Namid[A]me performance the other day.” SND “I still had stamina at that point in the show.”
Q “You always seem to sweat even when you wear short sleeves, and you were wearing long sleeves during the concert the other day. Were you not hot? SND “Naw, not especially”
Q 'Nana nama mugi, nana nama kome, nana nama tamago' in JP romaji, (lit. Seven raw wheats, seven raw rices, seven raw eggs), is hard to say” SND “Well it's purposefully made to be”
Q “My first love was the author of Inumayuge de Iko, Inazuka Yuuko-sensei. Do you feel me?” SND “You have good taste.”
Q “I got a boyfriend AND broke up with him in the span it took for you to return Shinoda-san!” SND ”Cheers.”
Q “Any artists you're into recently?” SND “BIBI”
Q “You seem to be sticking with the bob haircut?” SND “You're right...”
Q “Do you have the problem with Vans shoes wherein you slip if they get wet?” SND ”I personally haven't slipped much... Not much anyway”
Q “This Sunday I have my first non-virtual concert in 11 months, gimme some supporttt.” SND “Even you, huh. Even you’re gonna stand up in front of a live audience before I do.”
Q “What’s up with the curved edge album cover?” SND “Apparently it’s a bonsai tree”
Q “I can't stand injections, any tips on how to get over my fears?“ SND “Think about how it’s down with the least painful of all the painful things in life, it doesn’t hurt like a crap all that much, and you do it for your health. All in all it’s a plus, it doesn’t fill your heart with pain or anything.”
Q “Do you know any ways for me to get over my ex-boyfriend...” SND “There’s people who push to get a new partner as soon as possible then make a fool of themselves, just to try and get over their ex. Just take care not to do that.”
Q “You’re way too good at guitar?! How are you so good?! I really respect you SND “Icchi of Kaisoku Tokyo is better.”
Q “I can’t get enough of your new song so I set it as my alarm! It plays 7 times every morning!“ SND “Don’t people end up hating the songs they set as their alarm? Is this okay?”
Q “I loved your new song and stream. No doubt your voice sounded like wowaka’s.” SND “Now’s a good chance for me to say this. I don’t know if I sound like him or anything like that but..... Y’know how people can simulate a singer’s style? I didn’t intend to do anything like that either. So then why do people say this to me? I wondered and realized..
When recording backup vocals, it’s standard to follow the main vocalist’s style. So I needed to analyze Leader’s singing to a degree. I had to do that for numbers of songs for numbers of years, so subconsciously Leader’s style must’ve etched itself into my singing style as well. So it’s not that I’m simulating him, it’s that as a result I’ve just managed to simulate him.”
Q “I’m not sure if I should propose to my boyfriend or not. What would make him say yes..” SND “On your left arm write the words “Go register now” “100% registering for a marriage certificate” “Marriage marriage let’s get married”, then casually roll up your sleeves in front of your boyfriend. This is the key to victory.”
Q “Complicated girls all seem to have black bob hair, are there any normal girls with black bob hair out there?” SND “If there was a normal girl with black bob hair, that in itself would be complicated!!!!”
Q “I was so worried about you after you bonked your head with the mic last concert, did you get in trouble with the higher ups for that?” SND “The band ‘SuiseiNoboAz’ smashed their head into their guitars like 100 times, the band ‘my way my love’ smashed into their drums like 100 million times... So that much was child’s play. I didn’t get in trouble.”
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outlier-roddy · 5 years
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*writes 1250 words of robot thesis*
So full disclosure, I need you all to know that this is Just My Opinion, i’m in no way claiming to be the final voice on the subject or anything.  Just my thoughts and how i address this AND im only posting it bc ppl said they would read it lol
Tw for discussion of abuse and violence bc megastar
This all started because I noticed that Mae Catt shipped megastar.  And i said to myself, hey, isn’t cyberverse like, the most unhealthy continuity to ship megastar in?? And then i was like well maybe not.  And i started thinking about it.
Cyberverse megastar is probably the best example of how megatron and starscream’s relationship works. [SPOILERS]  In the entire run of the show, starscream is always motivated by megatron in some way shape or form.  At first, he’s under megatron’s command as a seeker; then he betrays him; is killed by megatron; comes back to take his revenge against megatron for killing him; and finally comes back to take his revenge again by judging megatron and the entire universe ‘guilty’.  
Starscream and megatron’s relationship is called ‘abuse’ a lot-- i wouldn’t say that it’s like that for every case, specifically because starscream is an active member of the cause-and-effect that he and megatron have (starscream betrays megatron- megatron takes revenge against starscream- rinse and repeat).  As we know there is no such thing as ‘mutual abuse’ so it’s more likely that starscream is a participant in the dynamic rather than a passive sufferer of it.
That’s another point.  I don’t have to like starscream to acknowledge that he is a complex and interesting character with a lot of complicated moments and motivations.  Similarly, just because I like megatron doesn’t mean I can’t acknowledge that he is an angry, vengeful, brutal asshole a lot of the time, specifically in cyberverse and tfp.  These two characters clash in the ways that we’ve seen historically in tf.  Starscream is self-serving and constantly seeks to undermine megatron, and megatron responds in his own way, which is to say violence.
That’s the big point, that a lot of ppl have pointed out and that some fanfics (and even continuities) have explored.  Starscream’s ambition is to overthrow megatron and become leader of the decepticons.  But once he’s done that, what does he have left as motivation?  in the tv shows, in particular it is implied that he would be exuberant for a few years, but eventually left empty and passionless, without the drive or challenge of overthrowing megatron.  Idw did explore this a few times letting starscream be the leader (I’m thinking specifically in the issue where hot rod steals the matrix-- he was seen to be depressed and bored with megatron gone.  Post-war comic starscream I’m less familar with, but it doesn’t fit my point as well, as he never overthrew megatron and was instead allowed to be leader through different circumstances.  the megastar dynamic i’m most familar with is in the shows, so please don’t try and explain comics megastar because i literally just don’t want to know lsdkjfhbsdh)
the megastar relationship is unhealthy in these ways: starscream is megatron’s subordinate; starscream and megatron are constantly attempting to do violence to each other; starscream is shown to need megatron’s presence to function [and i don’t really agree with this one-- i think starscream should be able to be a character in his own right without constantly having to relate to megatron, but the writers rarely give us that]; and while starscream needs megatron, megatron does not need starscream.
That brings me to megarod, because a LOT of people compare it to megastar and equate it on the same level to say that it’s abuse.  That’s where i disagree, because while i understand how the relationship dynamic with megastar is unhealthy, I don’t think that the same things apply to the megarod dynamic.  In mtmte, rodimus and megatron are at the same power level (at least in title-- there is a part of me that would love to explore just how much power rodimus really had over megatron in mtmte, because you know that one phone call to optimus would have sent megatron back to be executed).  Rodimus is never shown to be in need of megatrons presence or interaction-- rodimus functioned perfectly well before megatron showed up on the ship, and rodimus functioned perfectly well after megatron was left behind in the other universe.  Megatron grows to have respect for rodimus, while he never grew to respect starscream in any continuity as far as I’m aware-- megatron saw starscream as a competent SIC, a useful subordinate, and a threat, to reduce it down.  Similarly, rodimus grew to respect and care for megatron as well, as evidenced by how they interacted at the end of the comic.  They had mutual respect, at the very least.
What a lot of people like to point out is this:
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Which.  Yeah.  look, that’s a big deal, especially to rodimus.  I’m a rodimus fan before a megarod fan, and there’s no pretending that being nearly killed by megatron was traumatic to rodimus.  Hell, he even says this:
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Which is totally understandable.  Rodimus is traumatized as a result of being shot, and there’s no dancing around that.  As a responsible person, it’s important for me to acknowledge that he definitely, definitely has a lot of complicated feelings about megatron, and he still has that residual trauma from being shot in the chest.  Like, damn roddy I would too.
HOWEVER.  This is where i’ll make the comparison.  Rodimus’ injury happened during wartime, under the circumstances that he was a member of the opposing army that had broken into a decepticon base, stolen something important, and happened to run into the Leader Of The Decepticons, who currently was really fucking pissed off because of a whole lot of shit and was looking to murder anyone and everyone (iirc, megatron also was a massive dick to starscream not long after the shooting roddy incident).  Rodimus was shot as a soldier, under circumstances that absolutely would not happen EXCEPT in a war.  
Megatron and starscream’s relationship does NOT need a war to exist.  Megatron and starscream would have the same dynamic if megatron were the leader of some other kind of force, or if the decepticons were currently at peace, or if the autobots were gone from the equation entirely.  Starscream would always look to overthrow megatron and megatron would retaliate-- and it can’t be explained away by the fact that it was wartime.  None of what starscream and megatron do to each other in g1, even, need a war to make sense-- starscream is power hungry and backstabs megatron.  Megatron is inconvenienced slightly but gains the upper hand back and punishes him.  God, we don’t even have to TALK about tfp megastar.  Imo, that’s the absolute worst continuity for megastar.  
However, that’s the important difference i made.  I feel morally okay shipping two characters that had one violent interaction in the past under the circumstances that it was wartime (and i mean, hell, if you use war crimes as an excuse not to ship ppl say goodbye to megop lmao), ESPECIALLY because they grow together and eventually have a different relationship entirely by the end of the media in question.  Megatron and starscream’s relationship, though, is nearly static (and yeah, that’s due a lot to the writers, as i said).  I wouldn’t feel comfortable shipping them in any context, especially a healthy one.  I mean, that’s just what I feel like, but that’s why I feel okay with megarod and not megastar.
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ourmanifestoisfun · 6 years
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4x14 episode thoughts
We’re back from hiatus! And I was finally able to sit down and watch the episode and I AM SO EXCITED BY THINGS!!!
“The navy. it brings out the sparkle of justice in your eyes” is such a cute line
Marco, you are a terrible businessman
I feel that all of the reasons that Greg lists to be in West Covina for his thesis are legitimate, personally. Being near Rebecca is probably a nice bonus. 
I do like that he apparently asked Heather to help out, given that she is very competent and no-bullshit kind of person.
Actually, the parallel “I’m not in love with Rebecca” scenes were a bit much, but I think they showed something kind of interesting in the extent to which the guys’ feelings are influencing all of them in their actions. Like Greg’s priority is very much the restaurant and Rebecca being nearby is more of a really nice bonus, Nathaniel’s volunteer work and interest in Rebecca are about equal since he started out doing it for her but is doing it more because it is the right thing to do while still be interested, and Josh is doing theater tech directly because of Rebecca. I don’t know if it is meant to be scaled like that, but I feel like it is, which is interesting.
Estrella judging Josh was the best.
I do like the set of Il Cabino. Not entirely sure when they started to use it, but it’s pretty
What is a cold chamber, exactly? What’s its purpose?
I feel bad for Valencia feeling let down about Beth’s surprise, but given rent and housing these days, it is a very big deal that you need to sit down and talk about.
“Quite an engagement” - not how you drop a hint, Valencia. Though I have to say, in this case rather that Valencia being concerned about appearances the way she was in her relationship with Josh, it seems just like she is ready to be with Beth for good, and part of her romantic hopes still include a proposal. She still loves those things, and she wants them for herself.
I don’t like ultimatums in general, but I do understand Valencia’s point, in that she knows what she wants with Beth right now, and she wants to know that they are on the same page, because she has been in a relationship where she waited and the other person didn’t know what they wanted/were happy to stay where they were, and she doesn’t want that again.
It was left unresolved, but I hope that they do get engaged/married. I wanna see Rebecca helping out at their wedding and killing it!
Valencia speaking from experience is both good advice to be cautious but also :(
Josh doing theater tech actually makes me happy. Sure, he’s doing it to be near Rebecca, but he’s so good at making people look and feel good about the best parts of themselves, that being part of a stage crew might actually be a good fit for him.
…though I would still prefer having him as a choreographer in some capacity because canonically, he is such a good dancer.
…Tim really does look like he has chicken legs in that suit. oh dear. I blame the bloomers.
“Our bulwark, our stalwart, our Walmart.” - i just like this wordplay
Nathaniel volunteering (getting volunteered?) for the play had me cackling. While I find the idea that he’s done musical theater before needs a little mental adjustment, I could see him doing it with a mental justification that it looks good on college applications (especially if he got cast in a lead role) and I can definitely see it being something he wouldn’t mention because it does not fit the image he wanted to portray.
Also him singing the alphabet - what a little bastard
Also what’s with that brightly patterned tie, Nathaniel? It’s not bad, I quite like it, but it’s much brighter than what he usually wears
Love Connie’s scarf flinging. And the scarf just keeps getting bigger and bigger until it’s a long cardigan.
Rebecca’s wearing red nail polish!
I love Paula’s interview outfit, it makes her look really good.
Chris!!! He is so tall! And he has a palate!
I love Valencia, Josh and Nathaniel’s expressions at the lyrics to Etta Mae’s Lament
Aunt Myrna reference!
oh Tim, your character song was not forgetful, I promise you that.
I love Paula’s faces though!
Darryl also has quite the palate - and the penmanship!
…canonically, Valencia and Nathaniel have now officially hung out and we did not see any exchanges? RUDE!
They have so much they could talk about! They are both good-looking people with body issues, image issues, and have experienced dramatic shifts in their relationships with Rebecca due to her initiating severely inappropriate kisses. The possibilities are endless!
Josh asking Rebecca to sign the Camp Canyon Grove playbill was super sweet, but I’m glad that it was one he got on eBay, instead of one he actually kept, because it’s mostly giving me very strong “Dear Joshua Felix Chan” vibes and uh…that’s not entirely great.
Nathaniel singing about being a saloon madam is GREAT. Sacrifice your dignity at the altar of love, dude. 
Not that you have much of it left. Which is not a bad thing - it’s good to be willing to sacrifice your dignity, builds character.
I have been wondering for a while now if they would have Rebecca write musical theater songs, and the fact that they are hinting at this pathway is really really exciting to me. Having her actually write the songs in her head and create a musical would be really, genuinely exciting.
“Someone else is singing my song” - oh my GOD my heart fluttered at that. I hope we get a full thing.
I am sad for Darryl but yes, Paula, know your worth!
Mindy-who-is-April! Good to see you as Darryl’s date. Hope things are going swimmingly.
Valencia makes a beautiful pirate bride, but can she actually be the pirate, instead? Because yikes those lyrics!
Paula’s face was exactly right.
I am genuinely sad we missed all of the songs that directly applied to Darryl and Paula’s situation
God, Rebecca’s saloon girl outfit is so cute, even if her song is so terrible.
WHAT’LL IT BE REPRISE!!!!! Called it!
I have mixed feelings about Greg’s revelation that everything he hated about the town was more of a projection and that as a result, he’s going to stay and run his father’s restaurant. Not because I don’t think it makes sense with his character, but I just get tired of the trope that the hometown is always the place you’ll end up again if you change your attitude. Sometimes, hometowns just suck.
But for Greg, who I think has been specifically described as a character who tries to be a caretaker, which running a restaurant that people love would be something that would fulfill him, so I think I’m good with it.
Every time I think I have a grasp on where the love quadrangle stuff is going, it gets a good shake, because while when Rebecca discusses the three guys, she treats it as if they are on the same plane, but when we see their different interactions, they are treated differently.
New tweak to the old theory: given that Greg now has confirmed a dream that is not linked to Rebecca at all, the next two episodes will be showing us what Nathaniel and Josh’s respective paths will be, so that we know that even though the guys might not end up with her, they have something that takes up their time and attention and fulfills them and it’s a good ending for them.
Preferably in that order, because I do still consider Josh to be part of the original series trifecta (Rebecca-Paula-Josh) and given how recent his affection for Rebecca is, I think that will come into play when he finds out what makes him happy and their relationship should be given some extra weight.
Now that Paula is interviewing at other firms, I still kind of hope that her, Nathaniel, and Darryl choose to separate from MountainTop and start their own firm. That could be really interesting and work well with their arcs. Nathaniel and Paula will make it successful, while Darryl gives them heart and makes them less scary to prospective clients.
I will still be very surprised if it ends up being an actual choice rather than a fourth or fifth option being taken, but given how the “true love is theater” concept got called out in this episode, I really am not sure where it’s gonna go. Still excited to find out!
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twelvesixabm · 5 years
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“Battle for the next level“
By Fatima Mae R. Santos 
 Education is one of the important stages of a person but it also considered a battle that we need to win or survive. Education is very important for the reason that a person can learn so much knowledge while he/she spends his/her life in school. Education is like a battle that we need to survive for us to meet our success. Every stage of my life as a student I experienced different struggles in every situation. I would say that every stage was very hard and it is meant for me. As a grade 12 student, I encountered so many subjects and learning that would help me to be a better student and also a professional person in the near future.  In this grade 12, I would say that every subject that I've been encountered was very meaningful cause I know that every lesson I took was very helpful for me to be more ready in the new chapter of my education and this is to face a college life. English for academic and professional purposes is one of the subjects that I would never forget in my entire life.  I've been enjoyed every lesson that we take because I know that it has a big help for me pursuing my path in college also to the corporate world that I dreamed to be. English for academic and professional purposes was a very memorable subject for me not just because of our lovable and funny teacher but also this subject helps me to face my fear and be more confident enough in terms of my speaking also writing skills. It was very hard for me to correct my grammars and create nice work but with the help of this subject little by little I already learn how to create great work especially in my write-ups. This subject helps me to improve my writing skills and also to be more comfortable doing my essay in English. First, I learned that recognizing and giving a credit to the author or in the cites was very important. I learned how to give a citation and avoid plagiarism. As my professor said, "Plagiarize work is considered stealing" I know that it is true because you're using the work of others by not recognizing them and considered that it is your own. I also avoid this kind of action for the reason that I encourage myself to be more productive and to avoid procrastination. I practice myself to give so much time doing important things like doing some research and create my write-ups ahead of time. Second,  I learned how to criticize a movie and a book also doing a review on it. I enjoyed this lesson because as a student I learned how to give importance to English movies and books.  Furthermore, I also learned the different factors that shape the academic text. I also learned about note-taking techniques that are really important to me because I love to do taking down notes. I also learned how to voice our argument in writing. Aside from the lesson that I've been learned, I also enjoy while I'm doing my outputs like movie critique, book critique, position paper and some of our writing activities. I enjoyed doing this activity for the reason that I learned how to enhance my grammar and write all of this in a formal also in academically way. Lastly, I also learned about the aspect of professional and academic language. This lesson was very important for me because will had a great impact on my writing skills. I learned how to use different transitional words that help me organized my own thoughts. This is also the lesson that will help me to do my writing output academically and more professional. I know that I could apply this in my college life because in college I will face different paper works especially the thesis paper.  Also,  some of the professors in college was using emails. We all know that when we answer in emails it should be formal. I may say that this lesson could help me more not only for being a student also for being a professional one.  I assure that all of the things that I've learned in English for academic a   professional purposes will always stay in my mind and I shouldn't forget it cause I know that this lesson is a great blessing for me to improve myself, also to face my fear and be more confident enough to use the English language regularly in my speaking and most importantly in my writing skills.  All of the lessons that I've learned has a big help for me to fight again for another battle in my education life.  I also recognized this stage of my life as a start for me to prepare myself in the corporate world.  I believe that every battle has a success. As a student, I always give importance to the lesson that I've learned because I know that I will meet a great success at the end of this and it will help me to be professional in the near future.
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mathematicianadda · 4 years
Text
Moving On Up: Graduate School Life After Williams, by Daniel P. Maes, Mathematics and Statistics ‘18 https://ift.tt/eA8V8J
During my time at Williams, I was lucky to know from the beginning that I wanted to go to graduate school for something in the field of math. In high school, I had always done well in my math classes and found the content interesting, so I knew that would at least be my major at Williams. The only issue in my graduate school plan was deciding what kind of math I wanted to study. That was, until I took two courses during my sophomore spring that helped me determine that: Differential Equations with Julie Blackwood and Dynamics of Infectious Diseases with Lauren Childs (a visiting professor now at Virginia Tech). Taking an introductory differential equations course alongside another that relied on using differential equations to model real-world problems had a synergistic effect that made me fall in love with the field of applied mathematics. At the same time, I found that stats was another interest of mine, so I decided on double majoring in mathematics and statistics; both subjects helped me understand how to apply my knowledge to help the public. That year I was also fortunate enough to become a Mellon Mays Undergraduate Fellow (MMUF). This program helped me better understand what a path to academia looked like, as well as providing me with research opportunities that culminated in me writing an applied math thesis—with Chad Topaz as my advisor—on developing models to help assess racial affirmative action policies in undergraduate admissions. All of these experiences helped to broaden my ideas and experiences with how we could use math and stats to help model real-world problems to in turn help drive public policy decisions.
This work all culminated with my decision to, during my senior year, apply to 15 graduate programs around the country for an applied math PhD. I was quite nervous throughout this process because I had a middle of the road GPA and my math subject GRE score was in the bottom quartile. However, the rest of my application, the help I received from the Office of Special Academic Programs (through MMUF), and my participation as an associate in the Institute for Recruitment of Teachers all helped me put together a set of applications that resulted in 4 acceptances and 2 waitlists. In fact, I was lucky enough to be accepted by my top two schools: UC-Davis and the University of Michigan. One caveat though was that Michigan admitted me into their funded master’s bridge program rather than their PhD program outright. Regardless, I took the opportunity to visit both schools and after a few weeks of tough decision-making, I chose to enroll in the funded master’s at Michigan so that I could make sure graduate school and academia was really something I wanted to do with my career.
When I first arrived at Michigan, I was not worried about the transition from rural Williamstown to a larger city since I had studied abroad at King’s College London for my junior spring. However, I was nervous about what the graduate courses would be like and how I would fair against my peers who came from universities that had curricula that allowed them to have a much broader knowledge of math than I was coming in with from a liberal arts college. Additionally, I was expected to work half time as a Graduate Student Instructor (GSI); a position where I was the primary instructor for an introductory level math course (either pre-calculus or Calculus I). This meant that I had to prepare to teach an Instruction Based Learning course of 15-18 students 3 times week for 90, hold weekly office hours, write/grade weekly quizzes, grade their weekly group homework assignment, and grade the three exams they had throughout the semester.
In my first semester, I decided to forgo any thought of research so that I could focus all of my time on the three courses I was enrolled in alongside my work as a GSI. This proved to be a great decision because I was definitely busy enough with getting used to the course work and teaching for the first time—I was never a TA or tutor while at Williams. I was happy to find that the course work was not very different at Michigan. The graduate courses I found myself in ranged from 10 to 40 students, so I was able to still get the attention I needed from my professors. The main difference I found was that in-class exams were pretty much the norm, whereas most of my upper-level math courses at Williams were take-home exams and a B and above was now only considered as a passing grade. Nonetheless, my anxiety about falling behind my peers because of my liberal arts background went away after that first semester. Additionally, Michigan provided so much support for their graduate students getting adapted to teaching for the first time. In turn, at the start of my second semester I reached out to a few professors to find a potential research advisor and ended up finding one in the Department of Ecology & Evolutionary Biology. I have been working in that lab since then and am currently working with my lab partner and that professor to put together a poster for me to present at the Ecological Society of America’s annual meeting and a manuscript to submit for publication to the American Naturalist. 
During my second year, I found myself cruising along happily. I was doing well in my coursework, having a great time teaching, and enjoying my research collaboration with the ecology department. Since it was the last year of the master’s, I had to get ready to go through the PhD application process again, but this time I decided on only applying to three schools: Michigan, UC-Davis, and Northwestern. Since I was enjoying my time so much at Michigan, my main goal was to stay there, but I applied to the other two schools to try my luck anyways and see what offers I would find myself with. I also decided to apply for a second time to the NSF Graduate Research Fellowship Program (GRFP; I was denied in 2018) and to the Ford Foundation Pre-doctoral Fellowship Program (I received an honorable mention in 2018). In March, I found myself with acceptances from Michigan and UC-Davis and a denial from Northwestern. Michigan offered me up to another 5 years of guaranteed funding, with two of those years coming from a Rackham Merit Fellowship (Rackham Science Award). This alongside my positive experiences in Ann Arbor up to then helped me make the easy decision to stay in Michigan for my PhD. As for my fellowship applications, I received an honorable mention for the second time from the Ford Foundation, but was fortunate enough to receive the NSF GRFP! This meant that I would now have 5 years of fellowship funding at my disposal (if I end up needing to take that long) and that I could focus solely on research since I would not need to teach anymore.
Overall, I know that Williams helped provide me with a solid footing in my academic career that has now culminated in my current position as an NSF Graduate Research Fellow enrolled in Michigan’s Applied & Interdisciplinary Mathematics PhD program. Williams, the MATH/STAT department specifically, and Michigan have all helped provide me with the necessary opportunities and programming that undoubtedly helped me prepare well for this program and my future as an academic.
Daniel P. Maes, Mathematics and Statistics ‘18 (Current email address: [email protected])
from Blog – Mathematics & Statistics Mihai Stoiciu from Blogger https://ift.tt/38jzkTx
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walterfrodriguez · 5 years
Text
A look at Grant Cardone’s real estate portfolio and how he raised $15M in 90 minutes at Marlins Park
Photo illustration of Grant Cardone (Credit: iStock)
At Marlins Park on Super Bowl weekend in February, thousands of aspiring entrepreneurs watch as a black Rolls-Royce SUV with tinted windows roars onto the stage amid a cloud of smoke. Over the loudspeakers, the song “Nuthin’ but a “G” Thang” plays as Snoop Dogg steps out of the driver’s seat.
But his passenger is the real star of the day. Donning dark sunglasses along with a black sweatshirt with the words “10X” in gold lettering, the 60-year-old, gray-haired Grant Cardone walks alongside the rapper, singing to the lyrics into a microphone.
A speaker, author, business consultant and real estate investor, Cardone has amassed more than 2.4 million Instagram followers who look to him for advice on how to grow their businesses. In Miami, he held a three-day conference as part of his 10X Growth Tour — named for his goal to grow your business 10 times.
“The whole world knows about Miami, Marlins stadium and Grant Cardone putting 35,000 people for three days at that place during Super Bowl weekend,” Cardone said in an interview with The Real Deal.
Cardone’s social media posts portray him as a person of great wealth and success. In one Instagram post he boards a private plane with the caption, “You can’t get rich by acting poor.” In others, he’s traveling the world and meeting with celebrities such as boxer Floyd Mayweather. On his website, you can buy wristbands that say “Don’t Be a Little Bitch,” which to Cardone means: stop complaining about your problems.
The Louisiana native’s real estate company, however, is much less bombastic than his events or his lifestyle. Based in Aventura, Cardone Capital only buys apartments across the Southeast where rents average less than $1,500 per month, he said. The company paid about $90 million for the 346-unit Atlantic Delray Apartments in Delray Beach in October 2018. In July, the company bought a 501-unit apartment complex at 2903 Northwest 130th Avenue near Sawgrass Mills in Sunrise for an undisclosed price. In the first seven months of this year the firm completed almost $350 million in deals.
Cardone’s thesis is simple: The American dream of homeownership is dead, and everyone is going to move to apartments.
“You got 75 million millennials that don’t want to own anything. They wouldn’t own their tennis shoes if they could just lease them,” Cardone said.
He is now opening up his real estate investments to his social media followers who can invest in his fund with a minimum of $5,000. Cardone, who is speaking at The Real Deal’s 6th Annual Showcase & Forum on Oct. 17, talked to TRD about his investment strategy and how he got into real estate.
How did you get into real estate investing?
I will never forget it, it was 30 years ago. It was $78,000. I put $3,000 down and I bought a house, and I thought I was going to be a real estate mogul. I rented it to Janet and her sister, Jill. I think I was making $180 bucks a month. I said, ‘Oh man, I am going to get rich doing this.’ Then they moved out about five or six months after living there. Then I realized I was responsible for the payment of the house. Then I was like ‘Oh my gosh, I can’t do this.’ I was 28-years old, it was a single-family house in Houston, Texas. I sold that house because I realized it was something that I didn’t know. I got my money back, sold the house to a guy who did know what he was doing. I spent the next three years studying apartments, which is the only thing that we focus on now, which is buying apartments. I did my first real apartment deal in San Diego, California. It was $1.9 million and it was 38 units. Then we were off to the races.
Why did you switch from single-family homes to apartments?
Real estate wasn’t my first business. I had two other companies and I was doing consulting for companies. But I always had a love affair for real estate. When I did the single-family home, frankly, I bought based off what money I had. I didn’t do a lot of research. I just did the easy thing. I got the loan with almost no money down. And I could buy the house and rent it to someone else. So when they moved out, I realized there was something I don’t understand. There was a risk, there was a risk of having to pay a note. So I went and studied other super real estate investors like Sam Zell, Donald Bren and Fred Trump. What did these guys create? These guys, by the way, are not super genius people. I could relate to them, these are all kind of blue-collar people. They all have one thing in common. They had scale. They have apartments, they all did affordable. So my next deal, it would be in three years. For those three years, every weekend I would shop real estate. I was in Houston at the time and I moved to San Diego. I would read deals and shop deals and bought my first deal in San Diego three years later.
What are the markets you would avoid?
California and New York. You couldn’t convince me to do a deal in California. It’s about who actually owns the real estate. They are so tenant-friendly that I can’t move a non-paying tenant out. And if I can’t move a bad tenant out, then I can’t take care of my property and all of my good tenants. You got other problems in both those places, you have water and trash problems. We are not ready to scale to those markets. Even if I wanted to, we are not ready to scale to those markets. I like tax-free states. I like job migration. Neither one of those states, California and New York, have positive job migration. We are looking for a very affordable band of real estate. Our average rental is probably $1,100 to $1,300 [per month].
Where is tenant demand coming from for your properties in South Florida? Are people just getting priced out of single-family homes?
I think that people don’t even want single-family homes any more. I think the preferred way of living is going to be an apartment complex. The [D.R.] Hortons, the big homebuilders are building more apartments because they don’t want to say this publicly, but the American consumer is not inclined to buy a home today. You got 75 million millennials that don’t want to own anything. They wouldn’t own their tennis shoes if they could just lease them. Then you have 80 million baby boomers who have already owned a home, [who] know it is not the American Dream. You got half of the population who is interested in mobility rather than in home ownership. This will play out over the next decade or two. We bought the debt deal in Delray [Beach]. That swimming pool had to cost $2 million to build. Well, where could I get a $2 million swimming pool? The house would have to be $30 million to build a $2 million swimming pool.
Is there an oversaturation of upper Class A apartments in Miami?
I think there will end up being an oversupply. The real issue is that we don’t have income growth in America. I get concerned about all these places that are going up that support someone not at $2,200 [per month in rent] but at $4,000. I don’t know why we need all these $4,000-$4,500 per month apartments.
Are you buying in Miami right now?
We are buying, but we are very, very selective. You got to be careful right now.
Why are you careful?
You got to be really careful in location. That’s not just in Miami. In Houston, you have to be very careful on location. People should be preparing for a recession. I want to be recession-proof. I don’t want to be beat up. At the same time, I don’t want to wait for a recession to buy property.
Are you noticing any signs in the real estate market that a recession is imminent?
I wouldn’t look for a recession just in the real estate market. I would look for it in the everyday person. I am looking at what people can spend money on. If you look at the auto industry, the cars that sell best, there is a direct correlation between the subsidy offered by the manufacturer and how well that car sells. The high-volume activity in the automobile sector is driven by subsidiaries, no money down, very low and no interest rates. You could say the same thing about the furniture industry, meaning people don’t have the down payment to make discretionary purchases.
What attracts you to invest in South Florida?
I left California, I moved here seven years ago. A lot of people are following me over since then. Now you got New York coming down here… I like our politics. I like that we don’t have a state income tax. I like the warmth. Older population prefers warm weather during the year. I just finished traveling, we did 19 countries in two months for the 10X tour. I’ve been to Singapore, Dubai, London, Malaysia, and Thailand. I’ve been to some beautiful places. Every time I fly back into Miami, I say, ‘Damn this place is beautiful.’ When other people come here, they see that… I am always looking at deals here as long as it is a cash-flow positive deal even in the face of a contraction.
How are you financing your real estate deals?
We raised about $250 million in the last 20 months using social media. I raised a quarter of a billion without using a family fund or an institution and without running ads and bringing anyone to dinner. This is a story by itself. $250 million, 20 months and our advertising spend is negligible. No fees, no brokers to raise the money. Its Instagram, Facebook and LinkedIn. I buy the deals with my money. Once they are stable and cash flow positive, we then offer it on Instagram or Facebook or LinkedIn and say, ‘Hey you can invest in this with me.’ Rather than invest in family funds or go to traditional institutional lenders for equity, we use crowdfunding via social media. The equity comes from me first. I write a check for the deal, I get traditional lending from Fannie [Mae] and Freddie [Mac] or a life insurance company, then I backfill the equity from my social media following which is shy of 20 million people worldwide.
What’s the minimum investment?
$5,000 for a non-accredited fund.
What are your expected returns?
We target transactions that we believe can deliver 15 percent annualized to the investors after expenses.
How did you get into motivational speaking?
I take offense to being called a motivational speaker. I am an educator. When I was 31 years old, I was helping companies increase their revenues. It started with small companies. Then a small company introduced me to a bigger company. Then I was introduced to Nissan Motor Company. I have been working with companies for 30 years on how to raise their revenue. It just so happens if people aren’t motivated about raising their revenues they probably won’t raise their money.
When did you start going overseas on these tours such as the 10X?
We started doing that about a year and a half ago when some people called. We put 35,000 people at the Miami event. Once we did that last February, the phone rang off the hook. More people were in the Marlins stadium that weekend than have ever been there for months at a time, by the way. The whole world knows about Miami, Marlins stadium and Grant Cardone putting 35,000 people for three days at that place during Super Bowl weekend. So, how ballsy is that? We raised almost $15 million at that event in 90 minutes for our real estate.
What is the question that you get most commonly asked?
How do I grow a business? Guys in startups, a guy that is making a million dollars a year. I attract people that want to grow things. So, in real estate you are buying 30 units — how do I grow my portfolio?
You live in Sunny Isles Beach? Do you plan to stay there?
I got two kids, an eight-year-old and a 10-year-old, we own the office here, 25,000 square feet in Aventura. I would buy all the apartments in Aventura. It’s just impossible to move around here… People are going to choose renting over owning in the future. It’s going to become obvious to everyone.
Any other plans you have in the future?
In the next three years, I am going to raise $3 billion in cash to build a $10 billion real estate portfolio using social media. It’s never been done before. I am going to do it without paying agents and fees. No brokerages. About 25 percent of the money is coming from retirement accounts, self-directed 401Ks. Without any brokers involved, without any licensed agents.
The post A look at Grant Cardone’s real estate portfolio and how he raised $15M in 90 minutes at Marlins Park appeared first on The Real Deal Miami.
from The Real Deal Miami & Miami Florida Real Estate & Housing News | & Curbed Miami - All https://therealdeal.com/miami/2019/10/04/a-look-at-grant-cardones-real-estate-portfolio-and-how-he-raised-15m-in-90-minutes-at-marlins-park/ via IFTTT
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walterfrodriguez · 5 years
Text
A look at Grant Cardone’s real estate portfolio and how he raised $15M in 90 minutes at Marlins Park
Grant Cardone (Credit: iStock)
At Marlins Park on Super Bowl weekend in February, thousands of aspiring entrepreneurs watch as a black Rolls-Royce SUV with tinted windows roars onto the stage amid a cloud of smoke. Over the loudspeakers, the song “Nuthin’ but a “G” Thang” plays as Snoop Dogg steps out of the driver’s seat.
But his passenger is the real star of the day. Donning dark sunglasses along with a black sweatshirt with the words “10X” in gold lettering, the 60-year-old, gray-haired Grant Cardone walks alongside the rapper, singing to the lyrics into a microphone.
A speaker, author, business consultant and real estate investor, Cardone has amassed more than 2.4 million Instagram followers who look to him for advice on how to grow their businesses. In Miami, he held a three-day conference as part of his 10X Growth Tour — named for his goal to grow your business 10 times.
“The whole world knows about Miami, Marlins stadium and Grant Cardone putting 35,000 people for three days at that place during Super Bowl weekend,” Cardone said in an interview with The Real Deal.
Cardone’s social media posts portray him as a person of great wealth and success. In one Instagram post he boards a private plane with the caption, “You can’t get rich by acting poor.” In others, he’s traveling the world and meeting with celebrities such as boxer Floyd Mayweather. On his website, you can buy wristbands that say “Don’t Be a Little Bitch,” which to Cardone means: stop complaining about your problems.
The Louisiana native’s real estate company, however, is much less bombastic than his events or his lifestyle. Based in Aventura, Cardone Capital only buys apartments across the Southeast where rents average less than $1,500 per month, he said. The company paid about $90 million for the 346-unit Atlantic Delray Apartments in Delray Beach in October 2018. In July, the company bought a 501-unit apartment complex at 2903 Northwest 130th Avenue near Sawgrass Mills in Sunrise for an undisclosed price. In the first seven months of this year the firm completed almost $350 million in deals.
Cardone’s thesis is simple: The American dream of homeownership is dead, and everyone is going to move to apartments.
“You got 75 million millennials that don’t want to own anything. They wouldn’t own their tennis shoes if they could just lease them,” Cardone said.
He is now opening up his real estate investments to his social media followers who can invest in his fund with a minimum of $5,000. Cardone, who is speaking at The Real Deal’s 6th Annual Showcase & Forum on Oct. 17, talked to The Real Deal about his investment strategy and how he got into real estate.
How did you get into real estate investing?
I will never forget it, it was 30 years ago. It was $78,000. I put $3,000 down and I bought a house, and I thought I was going to be a real estate mogul. I rented it to Janet and her sister, Jill. I think I was making $180 bucks a month. I said, ‘Oh man, I am going to get rich doing this.’ Then they moved out about five or six months after living there. Then I realized I was responsible for the payment of the house. Then I was like ‘Oh my gosh, I can’t do this.’ I was 28-years old, it was a single-family house in Houston, Texas. I sold that house because I realized it was something that I didn’t know. I got my money back, sold the house to a guy who did know what he was doing. I spent the next three years studying apartments, which is the only thing that we focus on now, which is buying apartments. I did my first real apartment deal in San Diego, California. It was $1.9 million and it was 38 units. Then we were off to the races.
Why did you switch from single-family homes to apartments?
Real estate wasn’t my first business. I had two other companies and I was doing consulting for companies. But I always had a love affair for real estate. When I did the single-family home, frankly, I bought based off what money I had. I didn’t do a lot of research. I just did the easy thing. I got the loan with almost no money down. And I could buy the house and rent it to someone else. So when they moved out, I realized there was something I don’t understand. There was a risk, there was a risk of having to pay a note. So I went and studied other super real estate investors like Sam Zell, Donald Bren and Fred Trump. What did these guys create? These guys, by the way, are not super genius people. I could relate to them, these are all kind of blue-collar people. They all have one thing in common. They had scale. They have apartments, they all did affordable. So my next deal, it would be in three years. For those three years, every weekend I would shop real estate. I was in Houston at the time and I moved to San Diego. I would read deals and shop deals and bought my first deal in San Diego three years later.
What are the markets you would avoid?
California and New York. You couldn’t convince me to do a deal in California. It’s about who actually owns the real estate. They are so tenant-friendly that I can’t move a non-paying tenant out. And if I can’t move a bad tenant out, then I can’t take care of my property and all of my good tenants. You got other problems in both those places, you have water and trash problems. We are not ready to scale to those markets. Even if I wanted to, we are not ready to scale to those markets. I like tax-free states. I like job migration. Neither one of those states, California and New York, have positive job migration. We are looking for a very affordable band of real estate. Our average rental is probably $1,100 to $1,300 [per month].
Where is tenant demand coming from for your properties in South Florida? Are people just getting priced out of single-family homes?
I think that people don’t even want single-family homes any more. I think the preferred way of living is going to be an apartment complex. The [D.R.] Hortons, the big homebuilders are building more apartments because they don’t want to say this publicly, but the American consumer is not inclined to buy a home today. You got 75 million millennials that don’t want to own anything. They wouldn’t own their tennis shoes if they could just lease them. Then you have 80 million baby boomers who have already owned a home, [who] know it is not the American Dream. You got half of the population who is interested in mobility rather than in home ownership. This will play out over the next decade or two. We bought the debt deal in Delray [Beach]. That swimming pool had to cost $2 million to build. Well, where could I get a $2 million swimming pool? The house would have to be $30 million to build a $2 million swimming pool.
Is there an oversaturation of upper Class A apartments in Miami?
I think there will end up being an oversupply. The real issue is that we don’t have income growth in America. I get concerned about all these places that are going up that support someone not at $2,200 [per month in rent] but at $4,000. I don’t know why we need all these $4,000-$4,500 per month apartments.
Are you buying in Miami right now?
We are buying, but we are very, very selective. You got to be careful right now.
Why are you careful?
You got to be really careful in location. That’s not just in Miami. In Houston, you have to be very careful on location. People should be preparing for a recession. I want to be recession-proof. I don’t want to be beat up. At the same time, I don’t want to wait for a recession to buy property.
Are you noticing any signs in the real estate market that a recession is imminent?
I wouldn’t look for a recession just in the real estate market. I would look for it in the everyday person. I am looking at what people can spend money on. If you look at the auto industry, the cars that sell best, there is a direct correlation between the subsidy offered by the manufacturer and how well that car sells. The high-volume activity in the automobile sector is driven by subsidiaries, no money down, very low and no interest rates. You could say the same thing about the furniture industry, meaning people don’t have the down payment to make discretionary purchases.
What attracts you to invest in South Florida?
I left California, I moved here seven years ago. A lot of people are following me over since then. Now you got New York coming down here… I like our politics. I like that we don’t have a state income tax. I like the warmth. Older population prefers warm weather during the year. I just finished traveling, we did 19 countries in two months for the 10X tour. I’ve been to Singapore, Dubai, London, Malaysia, and Thailand. I’ve been to some beautiful places. Every time I fly back into Miami, I say, ‘Damn this place is beautiful.’ When other people come here, they see that… I am always looking at deals here as long as it is a cash-flow positive deal even in the face of a contraction.
How are you financing your real estate deals?
We raised about $250 million in the last 20 months using social media. I raised a quarter of a billion without using a family fund or an institution and without running ads and bringing anyone to dinner. This is a story by itself. $250 million, 20 months and our advertising spend is negligible. No fees, no brokers to raise the money. Its Instagram, Facebook and LinkedIn. I buy the deals with my money. Once they are stable and cash flow positive, we then offer it on Instagram or Facebook or LinkedIn and say, ‘Hey you can invest in this with me.’ Rather than invest in family funds or go to traditional institutional lenders for equity, we use crowdfunding via social media. The equity comes from me first. I write a check for the deal, I get traditional lending from Fannie [Mae] and Freddie [Mac] or a life insurance company, then I backfill the equity from my social media following which is shy of 20 million people worldwide.
What’s the minimum investment?
$5,000 for a non-accredited fund.
What are your expected returns?
We target transactions that we believe can deliver 15 percent annualized to the investors after expenses.
How did you get into motivational speaking?
I take offense to being called a motivational speaker. I am an educator. When I was 31 years old, I was helping companies increase their revenues. It started with small companies. Then a small company introduced me to a bigger company. Then I was introduced to Nissan Motor Company. I have been working with companies for 30 years on how to raise their revenue. It just so happens if people aren’t motivated about raising their revenues they probably won’t raise their money.
When did you start going overseas on these tours such as the 10X?
We started doing that about a year and a half ago when some people called. We put 35,000 people at the Miami event. Once we did that last February, the phone rang off the hook. More people were in the Marlins stadium that weekend than have ever been there for months at a time, by the way. The whole world knows about Miami, Marlins stadium and Grant Cardone putting 35,000 people for three days at that place during Super Bowl weekend. So, how ballsy is that? We raised almost $15 million at that event in 90 minutes for our real estate.
What is the question that you get most commonly asked?
How do I grow a business? Guys in startups, a guy that is making a million dollars a year. I attract people that want to grow things. So, in real estate you are buying 30 units — how do I grow my portfolio?
You live in Sunny Isles Beach? Do you plan to stay there?
I got two kids, an eight-year-old and a 10-year-old, we own the office here, 25,000 square feet in Aventura. I would buy all the apartments in Aventura. It’s just impossible to move around here… People are going to choose renting over owning in the future. It’s going to become obvious to everyone.
Any other plans you have in the future?
In the next three years, I am going to raise $3 billion in cash to build a $10 billion real estate portfolio using social media. It’s never been done before. I am going to do it without paying agents and fees. No brokerages. About 25 percent of the money is coming from retirement accounts, self-directed 401Ks. Without any brokers involved, without any licensed agents.
from The Real Deal Miami & Miami Florida Real Estate & Housing News | & Curbed Miami - All https://therealdeal.com/miami/2019/10/04/a-look-at-grant-cardones-real-estate-portfolio-and-how-he-raised-15m-in-90-minutes-at-marlins-park/ via IFTTT
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