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17 July 2024 | 5 replies
A $50K investment from a psychiatrist who has no idea what they are doing but wants the "freedom" "low risk" and "generational wealth" the GP promises comes with zero power over the syndicator in an incredible lopsided distribution of power not available from most other sources of capital. 2) Ability to Charge WAY more in fees: A naive accredited investor with little experience in private investments will fork over fees like: - 2.5% acquisition fee- High Management fees (2-5% of rents) - 2.5% disposition fee- 1-2.5% refinance fee- 20-30% carried interestThe fees that many of these social media influencers charge would get them laughed out of the room by any family office or private equity shop.
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19 July 2024 | 36 replies
Motivation is tough to find and even harder to keep.
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17 July 2024 | 8 replies
Hey all, this post is for anyone with some open weekdays who is also looking for better/updated photography for their short term rental (also some bonus tips on partner cross-marketing).Partner with influencers (find them on FB and Instagram or I can help you find a few) by offering them a stay during the quieter mid-week time in exchange for professional content and posts from them.
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17 July 2024 | 16 replies
This could be a good influence towards finding a mentor as well.
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19 July 2024 | 17 replies
I know, this is after July 1st.Calling the assessor's office really doesn't get you anywhere because the ones you are talking to are not lawyers or have any authority to change (and zero motivation to do so).See Property Tax Code, Sec. 32.01.
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19 July 2024 | 21 replies
I started seeking advice from older investors not 25 year old investors (they have great motivation and passion but not on the same page as me) and they said being less leveraged on RE was a cautious approach to take.
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19 July 2024 | 12 replies
@Courtney McCall, I appreciate the motivation behind your post and where you are coming from.I started my company from a similar perspective.
18 July 2024 | 6 replies
In my experience, if you find other value in the place you are living, it will give you more motivation for your investment goals.Wishing you the best!
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16 July 2024 | 0 replies
The real estate professional or coordinator has input and dealmaking influence, but the terms of financing are generally the key component to unlocking the transaction.