I believe he is talking about an organizational strategy of writing down every step of the process it takes from 1st mailer out to appoitment set and moving a person's file into whichever stage they are in at the time.

I think its got great info for newbies and other real estate investors needing a bit of organizational help.

I am an investor/developer working on new/rehab housing in Chicago, partnering with investors on deals and consulting with investors on deal structures and organizational development (setting up LLCs and corporations).

I see no value in terms of this being competitive with whats already out there today (i.e. local banks doing commercial loans).There are too many organizational changes that you need to create and maintain and way too many financial downsides to this program as well.If it didn't have blackstone's name associated with it, I'd actually go as far as saying it was a completely joke.

Then, you work with what the client can afford, not what they might be willing to pay as in the private sector.From that, income-expenss=fund reserves, not net profit and from the reserves you pay adminstrative and organizational expenses to a fund balance.Fund balances are put back into mission projects.

Beyond liability, you should consider the tax implications, as well as the organizational, reporting, and paperwork requirements that pertain to different tax entities.As for piercing the corporate veil, remember above all else to keep your business and personal accounts and activities 100% separate.

There is a lot you can do organizationally and structurally that will keep you busy but also reduce the gray hair for your CPA at tax time.As far as whether you've got everything you need for the form 8824 that reports the 1031 it all depends on how your reporting and record keeping have been in the past. 

It includes things such as: Business Purpose, Financial Projections, Target Locations, Organizational Network, Funding Resources, and a 3 Year Strategic Timeline.

I'm very extroverted and good at talking on the phone to people, talking to and meeting new folks, organizational planning, and research.

I'm very extroverted and good at talking on the phone to people, talking to and meeting new folks, organizational planning, and research.