Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Vince Scolari

Vince Scolari has started 10 posts and replied 44 times.

Post: Which California bank to talk to about my plans?

Vince Scolari
Posted
  • Investor
  • San Jose, CA
  • Posts 47
  • Votes 16

Avidbank, First republic, Heritage are some common names in the space

Post: Buy-and-hold strategies in high priced areas

Vince Scolari
Posted
  • Investor
  • San Jose, CA
  • Posts 47
  • Votes 16

@Account Closed mind if I also tag along this Friday?  Right down the street from my office.  Let me know if the party is too big .

Post: Being a Key Principle or Key Sponsor

Vince Scolari
Posted
  • Investor
  • San Jose, CA
  • Posts 47
  • Votes 16

@George Ozoude yes there are.  Usually there is an upfront fee which comes out of the GP's fee's and they usually get a percentage of the GP pie.  So if the GP gets 1% aq fee and they are taking a 70/30 split a KP would get a fixed amount of the up front fee as well as part of the 30% the GP is getting.  It all depends  on the scenario though.  If you were the only KP on a deal you would get more but on larger deals sometimes many KP's are needed so that would adjust accordingly.  Lastly Like @Michael Le mentioned you get experience which you can put on your resume which helps with loans.

Post: Being a Key Principle or Key Sponsor

Vince Scolari
Posted
  • Investor
  • San Jose, CA
  • Posts 47
  • Votes 16
@Theo Hicks great yes that is exactly what I was looking for! Thank you.

Post: Being a Key Principle or Key Sponsor

Vince Scolari
Posted
  • Investor
  • San Jose, CA
  • Posts 47
  • Votes 16

No one?

Post: Being a Key Principle or Key Sponsor

Vince Scolari
Posted
  • Investor
  • San Jose, CA
  • Posts 47
  • Votes 16

@Theo Hicks  Thank you for the reply.  No that is not what I was asking.  What I am curious about is if you were to be a KP only on a deal for a syndicated deal what would you look for outside of the typical underwriting analytics?  I am assuming history and track record of the GP (syndicator).  More so looking for perspective form people who have worked with or have been themselves a KP.  Thanks!

Post: Being a Key Principle or Key Sponsor

Vince Scolari
Posted
  • Investor
  • San Jose, CA
  • Posts 47
  • Votes 16

Hi,

Is anyone currently acting as a KP on syndicated deals or has done so in the past?  I am curious how one would look/underwrite that in terms of investing? what risks do you look out for in order not to do a deal?  Any insight would be appreciated.  Thanks.

Post: Following a not local forum?

Vince Scolari
Posted
  • Investor
  • San Jose, CA
  • Posts 47
  • Votes 16

got it thanks!

Post: Following a not local forum?

Vince Scolari
Posted
  • Investor
  • San Jose, CA
  • Posts 47
  • Votes 16

Right I see how to follow forums in specific threads.  What I am looking for is to follow a forum of an area that is not local to me.  For example I am local to San Jose Ca and when I go into search local forums it pops up and I can follow it.  But lets say I want to follow NY,NY since I am not local there it wont show up.  If I do a search for NY it comes up all as specific things people posted in the forums.  Maybe I just cant do it and I have to just add it as a key word?

Post: Following a not local forum?

Vince Scolari
Posted
  • Investor
  • San Jose, CA
  • Posts 47
  • Votes 16

Hi All,

This may be super basic but I cant figure out how to follow a forum that inst local to me.  Any help would be greatly appreciated.  Thanks!