All Forum Posts by: Hari Mann

I just happened to talk to a Realtor talking about a strategy in southern Atlanta like towards the airport that involved developing on raw land with tiny home-style units for affordability. Basically a Build-to-Rent if you are interested in the entitlement and development process. Could be very profitable with the right due diligence and management.

• Stakeholder Capitalism - Klaus Schwab
• Black Swan, Fooled by Randomness, & Anti-Fragile - Nassim Taleb
• Think and grow rich - Napoleon Hill
• Human Action - Ludwig von mises
• Scaling People - Claire Hughes Johnson
• How to Win Friends & Influence People - Dale Carnegie
• The 7 Habits of Highly Effective People - Stephen Covey
• The Road to Serfdom - FA Hayek
• The Millionaire Real Estate Agent - Gary Keller
• Rich Dad Poor Dad - Robert Kiyosaki
• The Law - Federic Basiat
• Raising Private Capital - Matt Faircloth

Ask me about any of them! I love finance, economics, self-improvement and entrepreneurship topics 😊

I haven't explored this much but I think it would be an interesting strategy (this is assuming you don't need the cash for the next ~3-5 years minimum):

Invest the whole amount in something like VTSAX or the S&P500 or whatever big blue chip stocks a lender likes and pull like half the amount out in a loan or some kind of line of credit. Then use that money to buy properties in cash from motivated sellers, close the purchase super fast (use this to your negotiating advantage to make the deal more profitable), rehab (target a light-moderate job mostly cosmetic), and then you might be able to BRRRR profit but if it's not THAT profitable, then sell. Rinse and repeat.

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!

Hey @Sia Rawat! Not sure if this has been said yet but I have adopted a heavier approach to LinkedIn posts from my company page per recommendations heard from Gary V. (Yes... I get business ideas from TikTok sometimes...)

Connect on LinkedIn with all your personal contacts and professional contacts by going through your phone and email contacts list and literally connecting with every single person. Those who connect back should then be exposed to your frequent value-adding posts and could result in fruitful relationships.

I only recently started to post more but my formula is to think of something interesting in the industry, find a reputable source for an article on the topic, write some text for how Midas Touch is learning from or applying the topic to our investing, and post it. Try to make sure you include a call to action to set a meeting or a provocative question to encourage comments!

I need to increase my frequency and probably make my posts shorter but its a start!

 Great notes on the progression through the various strategies. I would like to follow this path eventually but right now I'm focused on going from multifamily to syndication. 

@Robert Ellis Do you have any experience doing wetland mitigation? I have a piece of land I've been holding on to for a couple years outside Tampa that would be great for BTR multifamily if only we could address the wetland issues.

@Scott Trench Super great reply! I appreciate the perspective. Abraham Lincoln said something about sharpening your axe that sounds applicable right now :) We definitely want to be positioned to ride the uptrend after this low period (whenever that happens).

@Jay Hinrichs Love your suggestions here as well. I totally agree there are always methods that work in the current market regardless of the kind of market it is and I have personally been very curious about MHPs. We've actually pivoted our strategy for these reasons to find deals in KC that are closer to new-build quality but still have some margin for rent growth

Hi Ronald, thanks for the reply. We have started sending out deals to our newsletter subscribers and CRM but no bites yet. Planning to send out a bunch of example underwritten deals from our actual target market and finalize enough soft commits of funds through investor meetings to conduct our first syndication

#1 I agree with others, don't compare your progress with social media posts. Comparison is the thief of joy. Rather, just do better vs yourself yesterday. (you know this already given your other career...)

#2 It depends on your personal big why. What is the outcome you're shooting for via real estate investing? Funding a pet project or hobby like James Cameron and his submarines? Generational wealth to leave for your kids? Disrupting the industry and offering low income housing to alleviate the nation's housing crisis? Work backwards and see how much scale you need to accomplish your big why.

My personal strategy to scale quickly has always come down to solving the problem of finding investor partners that vibe very well with my vision to work with.

I always knew I wanted to be in the business of real estate and have been gearing my investing since the jump towards the moment when I transition to offering syndications as a GP. My big why is to become a serial entrepreneur to enjoy learning the ins and outs of many different kinds of businesses. Syndication is a great way to build massive wealth to fund my hopeful future endeavors and I also think its one of the best "curriculums" to learn all about business basics that underpin success in every industry.

I'm very close to my next milestone now and my company is heavily pursuing marketing opportunities and our network to find potential partners for a ~$10M purchase in Kansas City for a ~7 year exit plan deal shooting for 16-18% IRR and 8-9% CoC returns. Hmu if you'd like to learn more about the KC MSA!

I always love having deep big why discussions and brainstorming ways to achieve them so hmu if that's something you want to do together :)

Congrats on this sick deal! Your journey since 2021 seems bonkers!

Hotels and hospitality are a super interesting sector to me. I would love to eventually look more into hotels and perhaps the restaurant industry. I like starting small so maybe a food truck in 10 or so years :)

I'm currently looking for investors to do what you did except focusing on commercial residential property in Kansas City. How did you first start working with investors to allow you to raise ~$1-2M?