The Power of BP and Positive Thinking

[Hari Mann]

It surely is a small and mysterious world. 

I happened to start learning about private equity funds, stakeholder capitalism, and the housing crisis last week and also started getting more active on the BP forums.

I posted about struggling with finding investors for syndication and got some good comments about why this is the case for many syndicators right now.

One comment referred to something about FEMA flood insurance rate maps and that rang a bell in my head about a random old piece of land I got a few years ago when I was heavily into tax deed auctions in Florida. This piece is about 2 acres and located within the flood map border but I held onto it since we got it dirt cheap (pun intended). I thought maybe I could solve this problem later and just pay the minimal taxes on it until then.

Turns out, that BP commenter put me in touch with a specialist that has been helping take properties out of flood zones for 20 years (win #1), the commenter himself is a developer with experience and a heavy desire to find good land in FL to develop (win #2), and come to find out this commenter has plans in the works to start an equity fund specifically for delivering affordable housing (win #3)!

All this to say, holy crap, the BP community is awesome! You should be posting on the forums when you have problems, and stay positive! You never know who is reading your posts!