Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.

The partner in question has multiple times the loan amount in his bank accounts/liquid assets.You should definitely be able to find other options with more competitive terms.

Even then, there is still a lot of competition for deals.

@Dave IveryI actually think it's pretty tough to get started right nowLow inventory, higher interest rates, and lots of competition for properties

You will find many PM's who charge significantly less, and you will need to figure what your competitive advantage is.

It's definitely harder to find deals today given lower inventory and lots of competition.

The competition for quality properties is fierce.

Absolutely,I have a lot of clients working in Detroit and it has some great opportunities centered around 1-4 unit, affordable fixers that, with a little bit of work can become great cash flowing investments with lower annual tax and insurance costs.The downside is that you definitely have to know what you are doing as the good properties need some hefty work, and the market is pretty competitive.

Please share companies with competitive rates.

Simply, a percentage of the profits; so only AFTER the investors get their investment back + a “preferred” return of usually 6-8% annually.Here is how our equity (as opposed to our debt/loan/notes) syndications are set upwe as syndicators get a either a 3% broker fee or 3% acquisition fee at purchasewe get a management fee competitive with outside managementwe get 10% of gross rents as ASSET management feeonce investment is liquidated we receive 15% of proceeds ABOVE or AFTER investors receive their capital returned plus 10% annual calculated income including any distributions of earnings.