How would you use OPM?

[Adam Byrne]

Hi BP!

I've been building a multifamily portfolio in the mid-west to build passive cash flows. For whatever reasons, as I've been networking for deals and explaining my personal strategy, a few people have approached me and asked that I use their cash to generate returns for them. Most would be happy with a 6-8% return and open to some kind of partnership.

As I've mulled this over, I've considered building a consultancy business: helping others build BRRRR stacks. But thinking it through, I'd be providing most of the value, so charging fees (asset acquisition, management, disposition, etc.) wouldn't generate a good enough return. Taking an equity position would mean analyzing whether I want to be partners and if our interests align over the right term. I'm not excited about managing a bunch of LLCs with different partners who could change their minds every year. I might want to use the cash as hard money, but most want to park the cash somewhere "safe" and generate consistent returns.

What are some other uses of OPM you would try and how would you use it to help you build while providing value to your investors?

Thanks,

Adam