All Forum Posts by: Chris Seveney

here is their website - https://www.lurin.com/

thanks in advance - 

On again, off again.  It may be  law maybe not, but it isn't going to be enforced.

The U.S. Treasury Department announced on March 2 that it will cease enforcement of the Corporate Transparency Act (CTA) and its associated Beneficial Ownership Information (BOI) reporting requirements.

This decision follows conservative comedian and entrepreneur Terrence K. Williams tagging Elon Musk on X, urging him to take action against the burdensome Beneficial Ownership Information (BOI) rule.

“This is a victory for common sense,” said U.S. Secretary of the Treasury Scott Bessent. “Today’s action is part of President Trump’s bold agenda to unleash American prosperity by reining in burdensome regulations, in particular for small businesses that are the backbone of the American economy.”

President Donald Trump also expressed his approval of the decision.

Hey everyone - I’m working on a simple, app-free tool for small landlords managing 1-10 units, working 9-to-5 jobs, or renting out properties on the side. The goal? Make rent collection & tenant communication as simple as possible, without forcing tenants into another app.

Rent collection via text – Tenants tap a secure, branded payment link sent via SMS (powered by Stripe w/ 2FA) - no app, no login, just tap, pay, and get an instant receipt. Auto-pay is available, + an optional portal for those who prefer that method.

Automatic text message logging – No in-app messaging required…every rent reminder, payment, maintenance request, and general conversation via text is automatically saved and searchable by tenant and property in a centralized location. No more lost texts, scattered conversations or he-said, she-said…resolve any potential disputes quickly and have a history of all messages. Even if you delete the text messages from your phone, they’re still logged.

Call & text forwarding – Keep your personal number private with a dedicated business number for tenant calls and messages you can use for your rental properties. Forward texts & calls to a property manager (or trusted friend/contact) when needed while still keeping a full message history.

Why?

• - Over 95% of texts are read within 3 minutes - reduce late payments by having another easier method for tenants to pay rent.
• - ~60% of renters want to communicate with their landlord/property manager via text message.
• - Easier adoption for tenants – no need to require tenants to download another app or set-up an account, just to pay rent or submit maintenance requests. This keeps it nice and simple, especially for small landlords who use texting as their primary method of communication.

By removing forced apps & logins, rent payments become easier for tenants, especially for non-tech-savvy or older renters–leading to fewer late payments and improved communication & record keeping.

Would love your feedback - would you try a tool like this? These features are for an MVP (Minimum Viable Product), with more capabilities in the works.

Thank you so much and look forwarding to discussing!

*assumes CA averages for valuation, rent, profitability, et

There are strategies for starting small or starting big, that are discussed but I am not entirely sure what would be like too big for a first deal...

My inclination is to assume that the larger the asset or more units the better, as there is less tenant risk, professional property manager, etc. BUT the larger the deal the harder it becomes to pursue a rehab strategy with meaningful impact on appreciation. 

Question:

How big can a new investor realistically go if they expect to borrow 60-65% on anything above $10M? 

If a lender sees that there is a strategic GP involved and LP capital committed, there shouldnt be any issue with the loan?

Why not try and raise as much capital as possible? Is there any reason why going bigger is bad when leverage is not excessive and underwriting is conservative?

Team,

I am looking to open a small business, it will be a video game center where patrons can come and play high-speed gaming PCs. I have been approved for a small business loan and for me to get the loan I need to find a commercial space. 

I need an open floor plan between 2,500 and 5,000 square feet, ideally with tenant improvements (TA). I am willing to personally guarantee the lease. The ideal location would be highway-adjacent and near UAH or Grissom High School. Parking is a key factor, the location of the space must feel welcoming and secure for families, particularly parents who want a comfortable/safe environment for their children. I found a great space but because I do not have any commercial rental experience the landlord was not comfortable leasing to me. 

Can anyone provide any input or assistance?

Hi Team!

I have a syndicate of investors for a real estate project that requires about $2.2M in capital. Currently I have about $1M of verbal commitments to the fund. The remaining $1.2M has not yet been accounted for.

I can easily find more investors to fill in the remaining $1.2M, but I was wondering if there are banks that lend money to syndicates that could fill in the last $1.2M at least in part? The reason I am explore this is because the current investors would have a higher IRR (internal rate of return) if I leveraged their cash and brought back a higher returns.

Are there banks that lend to syndicates that are partially filled? If so, what are some general rules of thumb on how much they lend and what does that depend on? Any other comments and watch outs in this? 

I would be very happy if anyone could link me to any resources or individuals that could educate me on this as well1 

Thank you in advance.

Sincerely,

Gabe