All Forum Posts by: Dan Walker

@Bill Gulley @Steven Kleppin

Thanks for the feedback! I will definitely look into both of those options. The apparent, high-level, simplicity of amending a Series LLC is very interesting. I had never heard of that. I have a few lawyer friends from college that I plan to consult, and eventually hire, I just don't want to waste their time brainstorming so this is very helpful.

@Samir Shahani ^

I guess I should have prefaced that we don't operate in the real estate space and this isn't a regulatory issue - purely an internal company policy. My compliance department told me to look into other structuring options and come back to them and they'll let me know which ideas can/cannot work, so that's what I'm trying to do. Additionally, my father is one of my two business partners, there is nothing unethical about this. Constructive ideas would be appreciated.

I'm 26 years old and just beginning to explore real estate investing, with the target of making my first purchase mid-2018 and the intent of getting into a multi-family property while taking investments from family/friends. I immediately ran into an issue - I'm a research analyst at a global Asset Management firm and our compliance department restricts me from having any ownership in a company that issues securities or receives outside investments. I sat down with them yesterday and they told me that I can participate in a syndicated deal and be an 'investor' listed in the PPM, but I cannot originate a deal. Has anyone else run into this issue? Does anyone have any creative ways to get around this?

My initial thought was to have an LLC created in my Dad's name (I don't have a spouse) and issue two share classes - Class A being where only I can invest and it returns 100% of my pro-rata share of cash flows and has some sort of increased dividend, and a Class B where outside investors come in and have a more standard 8% preferred, 70/30 cash flow split. Is that even a possibility? Does anyone else have other ideas?