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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 2 times.

Post: How does this story end? Prediction for 2020

Account ClosedPosted
  • Real Estate Broker
  • Posts 3
  • Votes 1

I've had this idea for a while about multi-tenant retail centers converting to last-mile delivery centers to adapt to the e-commerce world, and the current situation could open the door for those opportunities for creative active investors and fix-and-flip buyers who want to get some CRE exposure. I recently heard of a college buying a vacant shopping center to re-purpose for their trade school programs, and a healthcare company buying an older, failing mall to use as a sort of medical office park. Anyone had any experience with converting vacant retail to something totally different? I'd love to hear how that works from an investor perspective.

Post: Has anyone structured a venture like this?

Account ClosedPosted
  • Real Estate Broker
  • Posts 3
  • Votes 1

I currently work in commercial real estate as a research analyst, but I'll be a broker next year. I've gotten a lot of experience here analyzing retail, medical, and office properties for investors. Not to mention it's also an interest that fills my free time.

I feel confident enough in the deal process to go out and put money where it should be. I'm very close to a small group of investors who only own a few condos/single family investments, and I can convince them to expand with some guidance and a solid plan. The word syndicator comes to mind, but I don't really think that's what I'm trying to do.

I'm a little foggy on the legalities (aren't we all) of providing my knowledge and time in exchange for equity or fees. I'm not trying to broker the transactions, but act as a member who does the work while the LLC provides cash.

A few questions:

Would it make things any easier if I were a member of their LLC?

Could I hold equity or collect fees through my own consulting LLC?

Is it a conflict of interest if I use my current brokerage, where I'm an employee, to broker the transactions? (Taking on a sort of business development role for them.)

I understand I'm not getting legal advice, but if someone has done something similar I'd like to hear about how it was executed.