news It’s HUGE: Frank Schilling’s new asset exceeds all human dimensions!

[Foxtrot Mod Team]

Domain investor and entrepreneur, Frank Schilling, has always projected a bigger than human persona. In the days of ancient Greece, he would have been a demigod or hero, like Theseus or Jason, or a warrior like Achilles.
After selling his domain empire to GoDaddy for a ungodly amount of reportedly $100 million dollars, Frank Schilling has plenty of time to enjoy life.

Read More.

 

[pb]

Why leave domaining for real estate?
Reza did the same thing.

I don't get it. Domaining has a far larger multiplier than real estate... unless we're all missing something

It's not about buying low and selling high, it's about the yield. Domain parking is pretty much dead while real estate rentals are very much alive. Plus it's significantly easier to leave for the kids and be sure they know what to do with it. At a certain age it starts to really matter.

 

[branding]

Real estate is risky. Property taxes are probably $5k for a 200k house. There's also the utilities amounting to 300 and general maintenance per year... $1300 per year. $6.3k per year just to own real estate passively.

Average appreciation is 4% yearly.

The margin is little and can be negative if unforeseen expenses come up.

Ok, we're not going to agree on this one I guess

 

[Jv1999]

I see what you did there!
FWIW, most wealth is lost after several generations.

I’ll end positive; “Correlation does not mean causation.”
https://www.nasdaq.com/articles/generational-wealth:-why-do-70-of-families-lose-their-wealth-in-the-2nd-generation-2018-10

Honestly your second quote should be more quoted

People keep saying 70%of lottery winners end up bankrupt and keep quoting that but they don't realize thar it's just part of the original wealth statistics that most millionaires lose their millions regardless of whether they won it via lottery or earned it.

 

[branding]

How is real estate low risk?

You can easily estimate/calculate market value and intrinsic value. Run the numbers, then think about what level of risk you are willing to take with your investment.

 

[dncafe]

lmao dinosaurs are fake and he spent $400k on one.

Tbh there is a chance he knows that. Not going to underestimate him.

It's all a money laundering scheme. It's not like anything with Andy Warhols name was actually good

 

[The Durfer]

Read more has no link. Ty.

 

[branding]

What about the domainers with 27k+ domains tho... are they just being unsavvy?

I don't think so. It's a choice. Invest in what you're comfortable with. There's plenty of money to be made, especially if you can scale up like that.

Diversifying your investments is always a good idea.

 

[Jv1999]

The most generational wealth is created by Real Estate.

Dont have a rent-payer’s mentality.

That's a misunderstanding isn't it?

Just because generational wealth bloodlines own real estate doesn't = how they attained generational wealth.

 

[forge]

No waiting

https://domaingang.com/domain-news/its-huge-frank-schillings-new-asset-exceeds-all-human-dimensions/

 

[Jv1999]

No waiting

https://domaingang.com/domain-news/its-huge-frank-schillings-new-asset-exceeds-all-human-dimensions/

Why leave domaining for real estate?
Reza did the same thing.

I don't get it. Domaining has a far larger multiplier than real estate... unless we're all missing something

 

[branding]

A real estate development requiring complex upkeep with more risk of devaluation.... is easier than leaving your kids with a portfolio of like 1000 domains at 1 registrar with a login password?

Yes. low risk, liquid, real world value. Zero knowledge needed as you can easily find people to run/manage/sell a real estate portfolio.

 

[Jv1999]

What a cliffhanger

 

[lambo.com]

lmao dinosaurs are fake and he spent $400k on one.

Tbh there is a chance he knows that. Not going to underestimate him.

 

[Jv1999]

Ok, we're not going to agree on this one I guess

I have no exp in real estate lol, but like everytime i hear people tell me it's the easiest/best investment... i keep tryin to do the math and looking it up... and it never adds up to me lol.

Maybe one day if i become successful and have enough disposable income to buy real estate i'll just randomly buy a house that i think might appreciate... and then just let it sit there... idk.

but tbh,if i had 200k in cash, i'd buy domains with it.

 

[DDdomains89]

No waiting

that was a quick yet useful read, thanks for sharing the link.

 

[DDdomains89]

Why leave domaining for real estate?
Reza did the same thing.

I don't get it. Domaining has a far larger multiplier than real estate... unless we're all missing something

i guess aiming for a substantial yielding income through real estate.

 

[Daniel Owens]

Is Frank Schilling the one that sold uniregistry to godaddy?

 

[branding]

But that's not what he's doing. He's got a resort with hotels and shops. That involves multiple risks that are pretty high.

There's constant upkeep with demand forecasting and etc etc.

Even if you were talking about buying land and hodling... that's also risky depending on when you buy the land and if it even appreciates. Although, generally, it does appreciate but very slowly and over time.

Meanwhile, domains... you just acquire them, then pay a nominal yearly fee..... very low risk unless domains in general stop being used.

As long as he buys liquid domains for lower than the liquid rate... like 3Ls and dictionary words... there's much less risk imho, much less upkeep.

Him leaving domaining along with the founder of DAN just tells me that maybe htey know that domaining is starting to wind down.

Which is smart, investing money in property and make it generate more money while its appreciating in value. Even if it doesn't appreciate, you should cover this possibility in your business plan, generated profit will cover future losses on the asset.

Investing is never risk free. Like domains, buy low, sell high. Do some due diligence. Real estate is generally considered to be low risk though, hence banks will easily give you a mortgage if you're good for it.

It's a bit of a higher risk with hotels etc, granted.

The downside with domains is, they're harder to find (below liquid value) and even if you do you might not sell them for your desired number for a long time, or at all.

Most people who come into a decent amount of funds invest in property. There's good reason for that.

 

[Jv1999]

I don't think so. It's a choice. Invest in what you're comfortable with. There's plenty of money to be made, especially if you can scale up like that.

Diversifying your investments is always a good idea.

Oh I didn't realize frank still had a domain portfolio and he just went into real estate as a diversification.

Dinosaur statue tho. I guess jurassic park hotels for the potential Hollywood revenue ^_^

 

[Sjpals]

Why leave domaining for real estate?
Reza did the same thing.

I don't get it. Domaining has a far larger multiplier than real estate... unless we're all missing something

Real estate is pretty much guaranteed. You can buy most properties and with enough patience get a good profit.
The same guarantee does not happen with domains.

 

[Sjpals]

"Domains have and will continue to go up in value faster than any other commodity ever known to man” Bill Gates

Everyone knows the value of a house. Not everyone knows the value of a domain.

 

[Future Sensors]

"Domains have and will continue to go up in value faster than any other commodity ever known to man” Bill Gates

https://domaininvesting.com/no-bill-gates-did-not-comment-on-the-value-of-domain-names/

 

[.X.]

Congrats to the King ... Going from non tangible to tangible goods... they both pay well..

 

[branding]

It is not guaranteed.

Look at all the people who bought during the pandemic? What's happening now... the prices are plummeting and probably won't be back to the price they bought at until decades from now.

Real estate is very risky tbh. Just look on zillow at any house and look at sale history, it goes up and down and by not very large margins. So you're waiting a long time while also not making much.

In investing/business nothing is guaranteed...

That's only if you bought during the pandemic. There's been a slight downturn after but prices are rising yet again and I think a 10% appreciation/year isn't out of the ordinary and that's a conservative estimate, if you bought wisely. I don't see this trend in domain sales.

Long term, real estate has been proven not to be risky at all... if you put in the time and effort to look into what's wise to invest in.

Now if you invest in property that's actually self sufficient, the numbers are getting even more interesting.