All Forum Posts by: Daniel J.

@Aaron K. ok, thanks!

@Ali Hashemi ok, thanks!

@Michael Le Are you basically describing it as the “typical” syndication style I hear people talk about with an acquistion fee, management fee, actual profit etc and determing what those are and how they are split up? 

@Gino Barbaro That’s exactly what I’m looking for, thanks! For clarification depending on what you negotiate in the deal and what your partners desire/are willing to do, you could have it as a described with both say a 1/3 equity plus management, or your management basically rolls into your equity forming that 1/3 ownership. Is that correct?

I think the podcast you and Jake were on is one of the best down to earth ones for MF investing so far. I might be biased because I’m a restaurant manager though.

If this has been well answered elsewhere please point me there, I couldn’t find it.

If I’m look at small mf deals that require more than one additional partner, so in my area more than $500,000 per say. These would be 10 or more units. I suppose the same principle ultimately applies to any size though. I would be self managing. 

Would you account in a management cost that would pay to you plus than the true profit percentage split on the back end, or would you design it somehow else?

For example: I account in 9% as a management fee total for both lease ups and everyday mgnt. Then as well  my 2 other cash partners and I agree to a 3 way split of all profits. Is that how it’s typcially structured?

I do understand you can structure it anyway you want to, but a typical well balanced approach is what I’m looking for. I’m trying to figure out analyzing the next size of property.

Thanks!

Does anyone have experience or knowledge about using land trusts instead of an LLC, for both privacy and legal protection? I am not speaking of living trusts but land trusts. Of course the more private the entity the legally safer you will be as well to some degree.

Thanks

How are you calculating your ROI? Based off of equity?

@Neems Y. Texas likes its property taxes, trust me I know. It’s a

Safe bet that they will reassess the property within a year or two to the local tax rate times 90-100% of your purchase price.

@Ray Johnson I would be self managing. The current tenants are long term. What would you consider to be good numbers?

@Jay Hinrichs Ok, thanks! Do you think the timber industry will change much as the building industry innovates and comes up with different building methods? It would be a shame to buy timberland now and go to cash in 30 years later and Wood is no longer used as a main building materiel.

@Jay Hinrichs What would you say is the acreage where it starts to make sense to buy?