You're incredible!

First time syndicator.At the moment, we are focused on equity raising and deals sourcing, and plan to partner with experienced multifamily operators on a deal in Texas.

It's not an easy business, but it's incredibly profitable and rewarding if done right. 

With strong credit, the rate on an 80% LTC short-term rental purchase would be right around 8.00% at the moment.

An LLC seems to complicated and costly at the moment. 

I share this not to discourage you from embarking on this project with you as a manager, but I flip homes and have seen for myself the incredible savings in time and money that can be activated when you have the right person overseeing the project and who has the relationships with the subs that can make sure to push them and hold them accountable.

Personally, I've learned an incredible amount in just the last 2 months.

@Mike Cassel what deals are you into at the moment?

While he won't qualify for rates as low as 5% because that's just not where rates are at the moment, he could qualify for rates closer to the 7-8s depending on the situation.

And newly constructed homes make up an incredible 32.2% of the market share.Treasure Valley Housing MarketsAverage Sold Price (November 19, 2019 - December 19, 2019) Eagle: $589,229Boise: $385,624 Meridian: $382,773Star: $415,417Garden City: $399,493Kuna: $328,184Middleton: $331,626Nampa: $280,043Caldwell: $267,836 (this is where the property is located)All this to say that we've seen unprecedented population and job growth from the capital of Boise which is impacting (The ripple affect) all other small surrounding cities.