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All Forum Posts by: Eric J Platter

Eric J Platter has started 4 posts and replied 17 times.

Post: Asset Management & Payroll for MF

Eric J PlatterPosted
  • Accountant
  • St. Louis, MO
  • Posts 17
  • Votes 4

@Charles Seaman what should the property management be when you have payroll expenses?  4%, 5%  I want incorporate all the planned and actual expenses for the property when I am reviewing the underwriting.  Thanks!

Post: Asset Management & Payroll for MF

Eric J PlatterPosted
  • Accountant
  • St. Louis, MO
  • Posts 17
  • Votes 4

When creating/reviewing a Pro Forma for a MF investment when they have both have Payroll and a Property Management Fee are they double dipping?  Should the PM Fee be less if you have onsite staff?  I know the rule-of-thumb is one person for every 50 tenants but how does that work when your Pro Forma has both? 

Post: Need Note Data (Future QRC/Dashboard)

Eric J PlatterPosted
  • Accountant
  • St. Louis, MO
  • Posts 17
  • Votes 4

@Andy Mirza I am definitely trying to learn the "art" component of note evaluation.  I, as financial professional, look at most data analytically when there is more to it.  Just like when look at a property, or stocks, there is two aspects of it's value.  What it is worth and what someone thinks its value is.  One you can measure the other you can quantify using data to impute an assessment.  @Chad U. says he filters by state:   is that to sort by judicial versus non-judicial jurisdictions, growth versus low-growth areas or some other metric?

Post: Need Note Data (Future QRC/Dashboard)

Eric J PlatterPosted
  • Accountant
  • St. Louis, MO
  • Posts 17
  • Votes 4

@Chris Seveney I will take whatever you have and I can smooth the data using Power Pivot or Power Query.  There are ways to join tables using a data bridge if the data has similar characteristics.

@Jerry Jones Those are great column or row headers but I need the raw data so I can start analyzing and see if there are patterns.

Both of you what are the most important metrics you are using to determine if you will further looking to a note or pass for a different one?

Post: Need Note Data (Future QRC/Dashboard)

Eric J PlatterPosted
  • Accountant
  • St. Louis, MO
  • Posts 17
  • Votes 4

@Jerry Jones you got it!

Post: Need Note Data (Future QRC/Dashboard)

Eric J PlatterPosted
  • Accountant
  • St. Louis, MO
  • Posts 17
  • Votes 4

I am financial controller and would like to put together a quick reference card/dashboard for investing in notes.  What I am looking from you all is old raw data that I can use to create this QRC/dashboard.  I am also looking for what metrics you use to sort and filter your notes.

I am willing to share my results with anyone who volunteers their data.  Ideally it would start as an Excel spreadsheet and then move to a reporting tool like Power BI.

I had the very same thoughts (see my post) and came up some of the very same answers here.  506(b) is a relationship game and you have to get out there and start reaching out to all the syndicators out there.  If they are 506(c) ask them for a referral to any operators that they know are 506(b).  I have invested with @Joshua Ferrari and Ferrari Capital and really like how they operate and the very open communication style!

Post: Passive Investing for not so dummies

Eric J PlatterPosted
  • Accountant
  • St. Louis, MO
  • Posts 17
  • Votes 4

@Paul Chapey I have certainly considered it but I do not have my CPA or CMA certifications. Currently what I reviewed is that the certifications are more geared towards stock brokers with their SEC series exams. I will need to be more patient until that happens or I find the elusive 506(b) syndication.

Post: Passive Investing for not so dummies

Eric J PlatterPosted
  • Accountant
  • St. Louis, MO
  • Posts 17
  • Votes 4

@Stephen J Davis St Louis has a couple REI investor clubs but the put on @Megan Greathouse and STL REI Happy Hour is the best organized and most attended.  I will broadcast my intentions and see what comes of it!

@Spencer Gray that is a great idea!  I can think of at least one who is pumping out content but not actively advertising deals.  Most of largest and popular are almost exclusively 506(c).  I have reached out to Goodegg Investing, Aysm Capital, the DeRosa Group (@Matt Faircloth is the best!) and 37th Parallel.

@Jonathan Barr I have reached out to everyone here to expand my network and maybe I will find that pearl of great price [506(b)].

@Kent Leach I think you are correct that some (maybe most) securities attorneys are actively counseling their clients to stay away from 506(b) because the potential trap of advertising and triggering enforcement action by the SEC.

@Todd Dexheimer I have been listening them non-stop for the last year and is how I have found my first batch of companies and people to follow.  I must keep digging and don't give him before I find a home for my passive investment dollars!

@Evan Polaski as part of one of the biggest operators do you have any recommendations?  I know Ashcroft Capital would right up my alley by they are exclusively 506(c). 

Post: Passive Investing for not so dummies

Eric J PlatterPosted
  • Accountant
  • St. Louis, MO
  • Posts 17
  • Votes 4

I have dipped my toe in some crowdfunding (Fundrise, Diversy Fund and Groundfloor) this year and I am looking for additional passive investing opportunities going forward.  My question is how do I find syndications and funds that accept unaccredited investors when they are unable to market their products because of the limitations of 506(b)?