All Forum Posts by: Ryan Sajdera

@CJ M. I see what you are saying, I think you missed a zero on the last part :)

@CJ M. I'm not sure I fully understand your numbers there lol. 

I think partnerships are a great way to leverage other talents and contacts, and that is a very underplayed asset in this business! As far as our personal strategy, I think we are going to strive to replace my income with our properties, then once we meet that milestone, reach out and partner. But if a great partnership opportunity comes early I don't think we will pass :) 

@Tyler Kennedy we are open to partnerships. We own 16 doors ourselves and I like the idea of slowly chugging along to create our own financial freedom. Our goal is to completely replace my income with rental income and head out to the mountains!

We do have some friends that want to partner, so we will probably give it a whirl. I would like to get into syndications. I just enjoy being involved and around real estate! Curious to hear other peoples strategies and thoughts!

haha!

I'm not a STR person-its just not my space so I can't really give you any good recommendation on that, but if your monthly income exceeds your expenses, this could be a good option. Owner financing isn't always easy to come by!

LOL I was wondering when @Joe Villeneuve was going to get here!

@Nandy B.  Lol, sorry, I didn't mean your personal income and expenses, I mean the deal specifically. How much income does the property generate per month? What are your monthly expenses with the property like taxes/insurance, lawcare, etc? 

@Nandy B.  We would need to know your income and expenses to start helping you shape an opinion. 

NO! Put my number on there, just to be safe!   :)

Hey BP,

I wanted to see what everyone's school of thought on partnerships were. Do you think its more beneficial to fully own and control a smaller deal or put your money into a larger deal with a smaller ownership percentage?   I've been hearing a lot of debate from other investors- some say they like the full control, some prefer to spread ownership over a lot of different deals. What is your opinion and why??

Ryan

This is a question for the syndicators out there. Are you guys cashing out your LP's after you refinance a deal and then having the GP taking 100% ownership ?  I've heard a few different schools of thought with this so I'm curious to know what everyone else is doing! Thanks!