I think the main thing I am learning here is to adjust the profit share between myself and my private money partners.

If you have access to private equity then sure, but if you want to buy properties yourself then at best you are looking at 1-2 per year if you have really good income. 3.

They obtain and manage capital, whether it’s private equity/debt, bank financing or personal capital.

Perhaps seek out and audit GPs and their private offerings and invest with them as an LP.

However, building relationships with private money lenders can help you scale your business quicker depending on how many investments you want to do this year.

When someone wants to send you a referral privately, they are probably sending you a friend that pays them a referral fee.

If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.

The other way I fund deals with none of my own money is using a private lender that I have years of experience and relationship with and/or using HELOC and other business lines of credit.

It’s important to ensure you’re comfortable with these risks and consult a financial advisor.If you choose to use a HELOC, consider traditional financing or private loans as alternatives if you prefer not to risk your home.As for your first rental, markets in the Midwest and Southeast offer great opportunities with turnkey properties that are tenant-ready and appreciating.

or3) If I convert the partnership interest into a private UPREIT, then I trigger tax if/when I sell the Shares in the REIT?