
13 March 2024 | 7 replies
It is amazing to me how many people will trust their hard earned money with someone that was in middle or high school during the financial crisis.Beyond this initial search:Experiencetrack recordBusiness PlanAsset typeProjected returnsFinancial StructuresRights and remedies in legal docsRedemption rightsSupplemental Capital CallsOperations capabilitiesOwner/Operator or capital raiser for othersK-1 TimingUse of bonus and accelerated depreciation1031 optionsVertically integrated or outsourcedExperience of team through multiple market cyclesBackground, if any, prior to real estate and syndicationProjected returns net or gross of fees and carrySeeing full financials of current deals with budget vs actuals (if syndicator does not share, or only shares P&L delete their contact)Color on deals that went sideways or lost money and whyMarket analysisColor on why they like that dealRisks of the deal, as they see themDo they have third party audits, ideally from one of big 4 firmsAre they a fund or single asset?

12 March 2024 | 3 replies
I was initially thinking to purchase it and use it as co-living space for workers at a nearby auto-manufacturing plant, but am considering what other uses would make sense.

12 March 2024 | 17 replies
After initial reaction I did schedule a call with my PM and it turns out what Mike and Drew posted is the actual reason.

12 March 2024 | 4 replies
Initially, we began by working with builders as a small crew of hands-on guys doing the work ourselves, but as we grew, we realized that builders faced various problems such as poor workmanship, communication issues due to language barriers, laziness of workers, and high turnover of “skilled” labor.

12 March 2024 | 22 replies
The sheriff will handle the initially dangerous part.

12 March 2024 | 7 replies
The occupancy requirement would be to qualify for the loan initially, not a stipulation for any set period of time.

12 March 2024 | 13 replies
@Hillary Klumpp most banks and credit unions advertise rates and terms on their websites, making initial screening fairly easy.

11 March 2024 | 30 replies
This challenge is nation wide.However, the initial cash flow was never good in San Diego.

13 March 2024 | 37 replies
It doesn't seem like property is actually declining was my initial response, but hey I'm the newbie here ; ) first to admit it...