Question For Matt Flynn

[Lucky]

First of all, maybe not the correct forum (so flame away), but there is no real estate forum and I know Matt Flynn reads and posts here regularly.

Matt has made some great posts in the past about folks piling money into their 401k, academics and "other smart people" who seem allergic to getting rich. Also, Matt posted in the past about avoiding the NL 25/50 due to: A. Fears about the integrity of a game that high online. B. Concern that the BR necessary for that limit would be better utilized in buying more rentals, etc.

While not the player matt is, I'm at a similar crossroads.
I usually stick to NL 5/10 at prima and now party, the 2/5 at pokerroom when the casino crazies show up. I also play NL 10/20 short and full, and NL 25/50 full when games are good at prima.

(sorry for the incoherence thus far), here are my questions for matt:

1. When did you decide to player higher NL (as your reg game), and what motivated you?

2. With real estate so hot in NC, is this positive EV, given the Bankroll requirements, and given you will be up against prahlad, often short, etc.

3. What type of real estate are you into? Mainly buy and hold? anything creative/informercialish?

That's it. I'm getting ready to start investing in real estate on the one hand, and poker is going great on the other. I'm ripe to move up, maybe move some money over to UB, but i don't think i will for a while. Party is great, Prima is good, and I'm just mediocre.

As to why I didn't just PM Matt:

1. Many posters and future investors will benefit from Matts thoughts on the Investment vs. Bankroll EV.

2. That would be kind of gay.

[AZK]

I think this is a fine for a post, I'd be interested in hearing what he has to say...

[fsuplayer]

assuming he uses good game selection, I would think that playing high stakes NL with his ability is a higher +EV option than real estate. and I dont think its very close.

not saying he should not do both, but if he had to choose, I would think poker would be a better choice.

[KaneKungFu123]

[ QUOTE ]
assuming he uses good game selection, I would think that playing high stakes NL with his ability is a higher +EV option than real estate. and I dont think its very close.

not saying he should not do both, but if he had to choose, I would think poker would be a better choice.

[/ QUOTE ]

i dont really understand what you guys are talking about, you only need 100K to play the highest stake online game.

if he could beat this game for even $50/hr this would obviously surpass a 100K investment in real estate.

[soah]

You've got 100k by now don't you? Why aren't you in the 100/200 NL game at Prima? They have a seat open right now.

[flawless_victory]

[quotei dont really understand what you guys are talking about, you only need 100K to play the highest stake online game.



[/ QUOTE ]as usual, its obvious you know exactly what you are talking about. genius.

[ML4L]

[ QUOTE ]
[ QUOTE ]
assuming he uses good game selection, I would think that playing high stakes NL with his ability is a higher +EV option than real estate. and I dont think its very close.

not saying he should not do both, but if he had to choose, I would think poker would be a better choice.

[/ QUOTE ]

i dont really understand what you guys are talking about, you only need 100K to play the highest stake online game.


[/ QUOTE ]

If you are referring to the 25/50 on UB, I doubt that a single knowledgeable regular in that game would say that $100k is an ideal roll for that game, if a player is buying in full. That's plenty to take a shot, but a $50-100k downswing for a winning player in that game isn't unheard of.

Hopefully someone will correct me if I'm wrong...

ML4L

[fsuplayer]

[ QUOTE ]
[ QUOTE ]
assuming he uses good game selection, I would think that playing high stakes NL with his ability is a higher +EV option than real estate. and I dont think its very close.

not saying he should not do both, but if he had to choose, I would think poker would be a better choice.

[/ QUOTE ]

i dont really understand what you guys are talking about, you only need 100K to play the highest stake online game.

if he could beat this game for even $50/hr this would obviously surpass a 100K investment in real estate.

[/ QUOTE ]

isnt that what i just said? [img]/images/graemlins/confused.gif[/img]

[Loci]

[ QUOTE ]
assuming he uses good game selection, I would think that playing high stakes NL with his ability is a higher +EV option than real estate.

[/ QUOTE ]

While I am not the guru my father is when it comes to the real estate world, specifically commercial, he has taught me a few things in these respects. Between what I've learned from him and my personal poker experience, I feel that I can make a credible reply.
1. My father's Creed is that one should buy as much land as possible because God isn't making any more of it. As the population increases, so does property value. Even in the recent recession, short of living in a nuclear dump site there aren't many places in the nation that aren't seeing at least 8% equity value of growth. Furthermore, if you live in areas in which there are huge population growths (ie. florida and the other sunny warm states {GODIHATE MICHIGANISTHERENOSUNINTHISACCURSEDLAND??????} but I digress) then you can see financial equity growth typically at 25-30% (and as high as 50%) land value increase per year. While this is rare, take into consideration the importance of the prestige related to beach front property. Water is always high EV+ for growth. When you compare the initial year's take, it may not out wiegh what a person might make that individual year in poker, but over time the investment compounds and you make your money over the long haul.
2. Other opportunities with property ownership: NEVER PAY OFF LAND! Refinancing land can be done your entire life, and the refinancing of a 100K property for 40K every few years is TAX FREE. This is money that can then be spent on buying more property or stocks etc. Also, college students who waste money on renting apartments can not only save money by owning their homes/duplexes/trailers/etc., but they can offer cheap rent to a friend which in turn pays the mortgage for you giving you: FREE RENT and a HOME FOR FREE THAT CAN BE SOLD AFTER YOU GRADUATE! Finally, if you have a friend who knows anything about land ownership they can tell you about the one time deal that many banks will give you for first land purchase loans... I'm blanking on the name of it, but it's a pretty sweet deal.
3. Despite the rantings of some of the newer... shall we say overzealous... posters, I am an ardent believer that even if you are the best of the best, financial assets should be safe gaurded. Most people should keep their job. Most people should invest. It's not often that a person goes to work for 8 hours and comes home with less than they started with. Land and stocks are the long run sure bets. Run with them with those bank accounts that are sitting there making 2% interest in savings a year. There are better ways to utilize that money.
4. My point is this: If you have a bankroll that is over adequate for the game you are playing, then you are missing your opportunity for other investments. If you have 100K for the 2/5 game, take three quarters of it and invest it into safer options. The one thing that is important to note is that over the long haul, land will never depreciate in value. Stocks generally won't either. With the new waves of baby boomers hitting an age that increases their need of pharmaceutical products, buying stock in phizer and other drug companies is a safe bet for long term investment. In five years, the stock will have split again and shot up again. Take advantage of the recession and buy as much of the lowered stock prices that you can. When the markets crashed, that was the time to buy! Everyone got so scared by the idea of losing money they sold low when they had bought high, and THEY LOST THEIR MONEY. In the same way that you have to think of chips as non-monetary assets, you have to think of stocks as a fluctuation of assets.
Hope this has been helpful.
Loci

[KaneKungFu123]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
assuming he uses good game selection, I would think that playing high stakes NL with his ability is a higher +EV option than real estate. and I dont think its very close.

not saying he should not do both, but if he had to choose, I would think poker would be a better choice.

[/ QUOTE ]

i dont really understand what you guys are talking about, you only need 100K to play the highest stake online game.

if he could beat this game for even $50/hr this would obviously surpass a 100K investment in real estate.

[/ QUOTE ]

isnt that what i just said? [img]/images/graemlins/confused.gif[/img]

[/ QUOTE ]

looking back, yeah it is, and why did everyone crawl up my ass and not yours?