All Forum Posts by: Marci S.

Our company flips homes in Laguna Beach, and we operate student rentals (currently in New Orleans, but planning to expand). We need to hire more team members to keep up with our growth and will likely raise capital for operations. I've raised capital for tech companies in the past, but never for a real estate company. Wondering if anyone has experience doing this, and if so, what do the deal terms look like for investors? Thanks! 

Hey There! Looking for a controller or CFO to manage ALL of the accounting functions at our growing company (we have one off-shore bookkeeper, open to building a larger team). We specialize in student housing and luxury flips, and we've just launched our first private equity fund to build our RE portfolio. They should definitely have experience in REI. Open to remote or in-house (we're based in Orange County, CA). Here's the full job post: https://www.linkedin.com/posts/marcisurfas_hiring-activity-7...

 Hey James! Question on this topic - there are a ton of private FB groups now that are for RE investors who want to post deals or who want to invest their funds in deals. Many of these are SFRs (possibly flips, or STRs, etc), who are looking to raise capital either as loans or equity. These are not large projects or syndications, but they ARE all strangers without PPMs. Does the fact that the FB is not private offer any protection? And, is the FB group admin liable for any of this? 

I am a flipper and I have borrowed money from a private lender, who I paid loan origination points to as well as mortgage interest. I am issuing her a 1099-INT, and a I have had some tell me that loan points paid should be included on the 1099-INT, and others tell me that loan points should not be included as they are not actual interest. Which is it? Thanks! 

This is great, thank you! And what about loan points paid to a private lender? Do I include points paid on the 1099-INT that I issue to them, or just the interest?

 I just wanted to make sure to jump back in here and say that my more recent posts on WREIN (ones made after this first one) are usually not mentioned - so here you go! I think that they were just having a lot of growing pains last year, but they have ramped up and fine-tuned their customer service a ton. I am a big fan of Tresa's, her community, and her course. I did the course in March of 2021 and I went from zero to having a pretty large and thriving RE portfolio! I joined the Inner Circle this year, if that helps answer your question:). 

I did WREIN in 2021 and it got me started on a pretty amazing and successful journey! They do a lot of training on wholesaling, BRRRR strategy, funding, etc. I also know Open Spaces and she is very good, but definitely more focused on BRRRR. If you know 100% that BRRRR is the only thing you want to learn, then maybe Open Spaces. But if you want a solid overview of all the ways you can make money in RE, WREIN is great and I love the community of women!

My attorney is recommending that I use a Wyoming Statutory Trust for my rental properties. Wondering if anyone has any experience with these?

How much?

Wanted to post an update here, just in case it can be helpful to others! After all of the responses to this thread, and after speaking to a few lenders, attorneys, and accountants who specialize in RE transactions...I get a few things about this particular deal. First, in the grand scheme of this total transaction, this "outside" amount ($300K) likely doesn't really support an equity deal at all. I think that in the future if I am going to do an equity deal, in order for me to keep it nice and simple for all parties, one side brings all the money, and one side brings the deal and all the work. Next, you want to be sure that you aren't "syndicating" without applying for an exclusion, and you want to also be super clear with your lender about bringing other parties and other money into your deal, even if it is after closing. As I'm still in my early years in this business, I plan to keep it streamlined, as I don't want or need to share the management, or the profits (or losses!) just yet. I know I'll grow into equity deals in the future, as I do understand the benefits for larger projects. Thanks again for all the great advice and feedback!