Re-#introduction!

I joined Masto in 2016, and was involved with the core group that, inspired by the #platformcoop mvmnt and the #BuyTwitter campaign, launched the #SocialCoop instance in 2017.

I live in #btv #Vermont, work as ED of @veoc supporting the growth of #workercoop and #ESOP models of #EmployeeOwnership, and am involved in a bunch of #coops. Other interests:

#hackerspace
#brewing
#beer
#CreditUnionHistory
#RealEstateCoop
#gardening
#parenting
#climatechange

Re-#introduction!

I joined Masto in 2016, and was involved with the core group that, inspired by the #platformcoop mvmnt and the #BuyTwitter campaign, launched the #SocialCoop instance in 2017.

I live in #btv #Vermont, work as ED of @veoc supporting the growth of #workercoop and #ESOP models of #EmployeeOwnership, and am involved in a bunch of #coops. Other interests:

#hackerspace
#brewing
#beer
#CreditUnionHistory
#RealEstateCoop
#gardening
#parenting
#climatechange

@supaiku Yup, that is one of the models, along with the Northeast Investment Co-op in Minneapolis, that our main local #RealEstateCoop in Vermont is based on. But I should look a bit more into their building-level stuff.

Seeking thoughts on the use of a #MultiStakholder #coop model in a #RealEstateCoop context.

Basically, the RE #coop projects I've been involved in over the past few years are structured as consumer co-ops with the core concept being a "tenant-owned cooperative landlord". The main property management work is contracted out to an experienced company whose work is overseen by an elected board of directors.

I still think that's the most scalable model, but... 1/

🚨 New #Vermont #Coop Alert 🚨

The Livable #RealEstateCoop just launched in the Upper Valley, and is focusing on a model in which they develop and operate Accessory Dwelling Units (ADUs). I spoke to the lead organizer early on, and am exited to see how their model plays out!

https://www.livable.coop/

#vt #btv #UpperValley

@alexc @datatitian We did a broader community raise to start a #RealEstateCoop using a consumer cooperative corporation as the holding company that got the mortgage. Chatted with @GuerillaOntologist about the model we used here: https://youtu.be/rLGwl5quZC4

Since closing on the #RealEstateCoop deal at the end of March, I've had a #Vermont food co-op and a #WorkerCoop reach out about possible projects that could use the model.

This is feeling promising... :D

@mattcropp remind me where can I read more about the #RealEstateCoop?

Don't want to jinx it, but it's looking like our second #btv #RealEstateCoop deal will close tomorrow. 🤞

If it goes through, we'll have brought over $1 million worth of real estate under #coop ownership in our town in the last year... :TwinPines:

Mortgage approval letter obtained for our second #realestatecoop purchase in #BTV! Now to wrangle up the remaining $50k needed for the down payment + reserves... 💸

Nice little write up in the local paper about our #btv #RealEstateCoop on the eve of the two restaurant tenants opening: https://www.burlingtonfreepress.com/story/life/2020/11/03/burlington-cafes-community-investment-oak-street-co-op/6126649002/

The mural on the side of our #RealEstateCoop's first building is shaping up! Ready to be able to get dope Dominican food there starting at the end of the month... #btv

About to head to a pop-up "preview" dinner for the two restaurants that will be opening as tenants of our #btv #RealEstateCoop at the end of October. Looking forward to some good Dominican food and a 🔥 open bar...

#Solar group net-metering and a wireless ISP layered on top of a #RealEstateCoop.

:blobhyperthink:

#WISP #Meshnet

Just closed on the first building purchase by a #RealEStateCoop in #Vermont this morning.

Both really exciting and a little nerve-wracking as we pivot from acquisition to operation mode... :TwinPines:

Had the owner of the first building we're trying to purchase for a #btv #RealEstateCoop accept our lowered offer this week! Still some work to do to get to closing, but this was a big step!

The deal was supposed to close at the end of March, but something came up around that time...

First nibble of local press coverage for one of the #btv #RealEstateCoop projects I've been working on. The campaign officially launches tomorrow... 🤯:TwinPines:

https://m.sevendaysvt.com/vermont/chubby-muffin-to-close-next-month-become-co-op-space/Content?oid=29413038

Working on a #RealEstateCoop's offering document, and suddenly realized that we don't pay a dividend in the first year of operation. Which means there's suddenly $10,500 of extra slack in my model that I wasn't otherwise planning for...

:TwinPines: 💰 :blobhyperthink:

Walked into the credit union today with the pile of checks from pledged members, and deposited $24,000 as the starting funds for the Vermont #RealEstateCoop. More is coming soon, and hopefully we'll collectively own our first property (a commercial condo that will hopefully be the future home of a start-up #coop) within a month or two...

its-happening.gif :blobaww: :TwinPines:

Reading a "wannabe landlord 101" book as research for getting this #RealEstateCoop project going has been pretty eye-opening...