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Originally Posted by thrust
(Post 3264824)
Can you expand on “crowdsourced syndications”? From what I gather, most syndications have a high cost of entry ($50k+) so it’s tough to get a foot in the door,
As a follow on thought, if 50K is a "high cost of entry" there may be better alternatives right now. Syndications are good when you have north of 6 figures of investable capital. That allows you to participate in multiple offerings with different time horizons and risk factors. When working with less than 6 figures, an option for accelerated growth of net worth is with single family rentals. It can be done with minimal sweat equity if you can manage a team of independent contractors and leverage readily available technology. Once you have enough equity in a handful of properties, sell them all and move to larger more passive investments. If you have a large amount of investable capital trapped in retirement accounts, a self-directed IRA may be an option. If you are married and want to roll money from your Delta plan into a SDIRA, look into a QDRO. Syndications will make the stock market look like bumper bowling. There are no safety rails on the investments. Some have caps on investor returns, so a homerun investment benefits the syndicator more than the investors. Offerings for debt, preferred returns and hurdle rates generally favor the syndicator. Offerings with a straight profit split or carried interest from SFC-Unlimited are generally better for the investors. Also look for fees like acquisition fee, refi fee, construction fee, disposition fee, management fee, etc. Some syndicators are strictly in the business of collecting fees and don't even invest in their own offerings. DYODD, YMMV, and for goodness sake get some professional advice and education. |
Originally Posted by Whoopsmybad
(Post 3264853)
Let’s not hijack another thread and take this to side hustle.
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Originally Posted by Gunfighter
(Post 3264864)
The minimum barrier to entry makes the offering more efficient. One investor on the Schedule A with 100K is much easier for the syndicator to manage than 10 investors with 10K. The crowdfunding platforms automate much of the legally required disclosures and communication, but it is still more efficient to manage a smaller list of large investors than a large list of smaller investors.
As a follow on thought, if 50K is a "high cost of entry" there may be better alternatives right now. Syndications are good when you have north of 6 figures of investable capital. That allows you to participate in multiple offerings with different time horizons and risk factors. When working with less than 6 figures, an option for accelerated growth of net worth is with single family rentals. It can be done with minimal sweat equity if you can manage a team of independent contractors and leverage readily available technology. Once you have enough equity in a handful of properties, sell them all and move to larger more passive investments. If you have a large amount of investable capital trapped in retirement accounts, a self-directed IRA may be an option. If you are married and want to roll money from your Delta plan into a SDIRA, look into a QDRO. Syndications will make the stock market look like bumper bowling. There are no safety rails on the investments. Some have caps on investor returns, so a homerun investment benefits the syndicator more than the investors. Offerings for debt, preferred returns and hurdle rates generally favor the syndicator. Offerings with a straight profit split or carried interest from SFC-Unlimited are generally better for the investors. Also look for fees like acquisition fee, refi fee, construction fee, disposition fee, management fee, etc. Some syndicators are strictly in the business of collecting fees and don't even invest in their own offerings. DYODD, YMMV, and for goodness sake get some professional advice and education.
Originally Posted by Gunfighter
(Post 3264864)
The minimum barrier to entry makes the offering more efficient. One investor on the Schedule A with 100K is much easier for the syndicator to manage than 10 investors with 10K. The crowdfunding platforms automate much of the legally required disclosures and communication, but it is still more efficient to manage a smaller list of large investors than a large list of smaller investors.
As a follow on thought, if 50K is a "high cost of entry" there may be better alternatives right now. Syndications are good when you have north of 6 figures of investable capital. That allows you to participate in multiple offerings with different time horizons and risk factors. When working with less than 6 figures, an option for accelerated growth of net worth is with single family rentals. It can be done with minimal sweat equity if you can manage a team of independent contractors and leverage readily available technology. Once you have enough equity in a handful of properties, sell them all and move to larger more passive investments. If you have a large amount of investable capital trapped in retirement accounts, a self-directed IRA may be an option. If you are married and want to roll money from your Delta plan into a SDIRA, look into a QDRO. Syndications will make the stock market look like bumper bowling. There are no safety rails on the investments. Some have caps on investor returns, so a homerun investment benefits the syndicator more than the investors. Offerings for debt, preferred returns and hurdle rates generally favor the syndicator. Offerings with a straight profit split or carried interest from SFC-Unlimited are generally better for the investors. Also look for fees like acquisition fee, refi fee, construction fee, disposition fee, management fee, etc. Some syndicators are strictly in the business of collecting fees and don't even invest in their own offerings. DYODD, YMMV, and for goodness sake get some professional advice and education. Sent from my SM-N986U using Tapatalk |
Originally Posted by Gunfighter
(Post 3264875)
As the 7ER picks up more domestic flying, the bid packs are trending more toward 320/73N flying while the intl trips move to the 330/765. The 7ER is a dying fleet, just like the DC9 was in 2000 or the MD-88 in 2010. You have a good decade left with the 7ER, so I wouldn't worry about the Debbie downers predicting the death of the fleet. QOL varies considerably within each airplane/base combo. The 7ER is a more capable for long ranges and larger loads. If you like transcons with large city layovers that is your plane. If you like shorter flights to the burgs and villes, the 320/73N has more of that flying. You will get a better taste of international on the ER, which could help when it comes time to chose between WB B and NB A.
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Originally Posted by DWC CAP10 USAF
(Post 3264834)
What is this "drop your trips" you speak of?
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Originally Posted by Trip7
(Post 3264751)
Overall I think the key flexibility is Seniority. There's days worked and also quality of days worked. As a senior 73NB, I can vouch for the QOL benefits of "block hour surfing" aka drop all your trips, WS turns, out and backs to get to GS trigger and GS here and there on the weekends. Beautiful thing about this airline is there is something for everyone.
I couldn't agree more, but that's great for the super senior, and both you and I have been extremely fortunate with our seniority advancement...not everyone will enjoy that. TEDs post below nails it.
Originally Posted by TED74
(Post 3264760)
GS tend to flourish when flexibility is low. I often hear people say “Green slips are optional”…of course that’s true, but if everyone in the category has access to one or more per month, it’s likely that everyone in the category struggles to drop or swap trips or reserve days they were awarded but don’t want. Personally, I like a staffing model that gives some limited premium pay opportunities, mostly to senior (in their category) pilots, schedule flexibility for everyone, and consistent income potential from year to year. If you want or need more money, get senior somewhere or move to higher paying equipment. Obligating middle-seniority pilots to work their arses off every month so everyone has the “option” to green slip isn’t my version of a sustainable and enjoyable career. Finding yourself in that situation once or twice a career seems acceptable. Being in a perpetual state of forced productivity year after year…that sounds awful. Plenty of us and our families consider 200k to be more than enough annual income and would rather not yield significant quality of life (or cede our summers) just so 717As can have bursts of 350k/year income. I want to applaud you big earners that enjoy being on a short ARCOS leash, but what’s good for the goose ain’t necessarily good for the gander. I like a system that lets folks work as much or as little as they would like (within reason), but our running-hot status quo is a long way from that personal freedom.
Well said. The "greenslips are optional" types and missing the point. What's not optional is "max min credit bidders reached - Admin limit = 0."
Originally Posted by Trip7
(Post 3264780)
Agreed. Until contractual changes are made, you can either scrutinize which has no impact on your reality, or improvise thru the swap board, drops, and/or ultimately, a strategic AE bid.
Of course, you make do with that you have at the time. But in the mean time, that doesn't mean we can't discuss/debate about things we'd like changed...the two are not mutually exclusive. The issue is the types that don't want any change that they fear would reduce greenslips. That is a terrible way of viewing contractual changes, especially if that change would enable a big QOL enhancement for a majority of the pilot group. |
Originally Posted by tcco94
(Post 3264625)
This was one comment about the ER that seemed most realistic and applicable. Just watched the last townhall with JL and interesting enough someone asked about the future plans of the ER. They go into talking about purchasing a 757 sim to help the training backlog and how limited 757 sims are availability wise around the world. Furthermore states we will continue to see positions opening up on the fleet in future AE's. JL steps in to add that if people are wondering what the long term future plan of the ER is, we have a "long term commitment to the 75/76 as that is why we are looking at purchasing 757 simulators".
So I am a little confused with everyone saying avoid the fleet like the plague as it's only going to be doomed with shrinking from here on out? Maybe it's me trying to justify why on earth I bid LAX7ER in the first place, but I'm lost. Certainly 321neo's will take out 757 to Hawaii, but like someone else said it's unlikely all of that takes over immediately (which was another thing addressed and answered in same townhall about 321neos). I guess maybe you guys are talking about long term bidding perhaps and the fact the ER is never going to be what it once was. But so far it appears the airline doesn't have enough metal to fly the demand we want. I'm so low it doesn't really matter and thankfully my 2 year seat lock will be half done by the time I even get typed on the airplane because of this double train scenario. But here's to going into LAX7ER with more optimism than pessimism that I might get some decent flying out of it despite doing lots of redeyes. Which I would have probably done anyways unless I stay 220. My hopes is that there's still a few years left of decent west coast flying on it to holdover the time it takes for the 330's to get delivered and just bid over to one of those, assuming our hiring numbers hold with that they say. Most educated guesstimators are predicting 15 years. The 767 is a unique animal in the fleet. It can do domestic transcons and is well suited for that flying and the pax like the dual isle. We've also seen how network likes to plug and play on international routes with the 76. Dakar as an example. Was 75 now 76. Same with KEF. I just flew it in the 76 (in past it was 75 but that can change as network shuffles). It was full flight. the 76 works when a 330 won't due to loads. It is a very versatile airframe to be used thru out our network. Nothing beats the performance of the 75. Really an incredible aircraft. Yeah its avionics are dated, but we can still pretty much go anywhere we need to. High/hot short field full loads - no problemo. Nothing like taking off from Cabo and being able to climb right up to 40/41k at 1500fpm all the way. Easiest airplane to fly, easy to land, great in gusty winds and x-winds, it will keep you safe. That huge wing is a performer. Just look at the clean speeds at altitude. Coffin corner? More like acreage. I really like flying the 75. Turn it off and fly it, with a big grin on your face (I spent some amount of time on the 88 so I'm easily impressed ;)) Trips are OK, they seem to have stabilized. Summer 2019 was the pits. Junior guys do get int'l It kinda comes in waves and really directly proportional on what the seniors bubbas are bidding. If you are junior, always bid for them (Int'), you never know. I still think the NY base has the best variety of trips in the ER (JMHO). Mau, if you are jonesing over the type and want to fly it before it goes, why not take a 2 year trip on it? Like you said, always be Airbi to fly here at DAL. FOr me I'm going to hang on it a couple years more, unless the domestic stuff just gets untenable. Then I'm jumping to the 330. OBTW - thnks to all the folks who PM'd me about that fleet and the flying. Most appreciated. Good luck Mau. Always nice to have choices. |
Originally Posted by Gunfighter
(Post 3264864)
The minimum barrier to entry makes the offering more efficient. One investor on the Schedule A with 100K is much easier for the syndicator to manage than 10 investors with 10K. The crowdfunding platforms automate much of the legally required disclosures and communication, but it is still more efficient to manage a smaller list of large investors than a large list of smaller investors.
As a follow on thought, if 50K is a "high cost of entry" there may be better alternatives right now. Syndications are good when you have north of 6 figures of investable capital. That allows you to participate in multiple offerings with different time horizons and risk factors. When working with less than 6 figures, an option for accelerated growth of net worth is with single family rentals. It can be done with minimal sweat equity if you can manage a team of independent contractors and leverage readily available technology. Once you have enough equity in a handful of properties, sell them all and move to larger more passive investments. If you have a large amount of investable capital trapped in retirement accounts, a self-directed IRA may be an option. If you are married and want to roll money from your Delta plan into a SDIRA, look into a QDRO. Syndications will make the stock market look like bumper bowling. There are no safety rails on the investments. Some have caps on investor returns, so a homerun investment benefits the syndicator more than the investors. Offerings for debt, preferred returns and hurdle rates generally favor the syndicator. Offerings with a straight profit split or carried interest from SFC-Unlimited are generally better for the investors. Also look for fees like acquisition fee, refi fee, construction fee, disposition fee, management fee, etc. Some syndicators are strictly in the business of collecting fees and don't even invest in their own offerings. DYODD, YMMV, and for goodness sake get some professional advice and education. |
Originally Posted by Herkflyr
(Post 3264244)
Having flown the 757/767 for over a dozen years, and loving it, and now the bus for nearly four, and loving that as well, here's my perspective.
I give the 757/767 an "A". Of course as we all know it is a slowly diminishing category, though with years to go still. All the aforementioned highlights are valid, and the 2L door on the 757 is SO much better for boarding a full flight compared to the 1L door on the 321. Older A320. B-. We all "love" these, with their crappy screens, old radar, old and headrest-missing manual seats, and deafeningly loud cabin fans. But you're still enjoying flying a bus with a roomy cockpit, tray table etc. I still don’t get the love affair for the 757. The 757 is a Frankenstein fleet with multiple variants/layouts over years of different purchases. It’s our last fleet with manual set speed bugs and don’t forget to hit VNAV again after intermediate level offs. The 757 is like the MD-88’s big brother that scored 4 touchdowns in one game to win the city championships for Polk High. People remember what it did decades ago and kind of look past the fact that it’s selling shoes at the mall now. The 88 dropped out of high school and went straight to working at the mall, but it never pretended to be anything better. The 757 is a great plane at its core, but it’s showing it’s age. It doesn’t live up to the hype anymore. |
Originally Posted by Drum
(Post 3265797)
Good luck Mau. Always nice to have choices. |
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