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11 December 2022 | 1 reply
Goals for next year are to scale both things and be more aggressive with my growth.
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12 December 2022 | 7 replies
I have not attended a Live Event but think it could be beneficial for networking and hopefully help me start to scale upward.
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22 April 2022 | 2 replies
Leverage will also allow you to scale your portfolio and net worth much faster.
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8 December 2022 | 0 replies
We like multifamily and large apartment complexes because of the cashflow and economies of scale by having more units under less roofs.
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5 November 2016 | 8 replies
This is on a bigger scale ($50MM projects), but I deal with partial and final lien waivers all the time.
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10 December 2022 | 4 replies
I thought of a few options but wasn't sure how they'd work out in practice:Reduce my equity stake (say, 30% instead of 50%--in that second example, that would effectively give my partner a 14.8% cash-on-cash return)Stick with a 50% equity stake but agree that my partner is entitled to a greater share of any monthly cashflow to meet their rate of return goalsDesignate that a higher portion (e.g. 75% or 100%) of any cashflow goes to my partner until it's equal to their initial cash investment, after which it reverts to an even split (so assuming 100% of positive cashflow goes to my partner, in the second example, he or she would be "repaid" in 2 years 8 months)Tie my equity to my work (as a manager) on a sliding scale--at closing, my partner would have 100% equity, but I would effectively "buy into" the property over time based on what I would have otherwise taken as a management fee (in the second example, since a 30% management fee would normally grant me $7,200 per year, I'd effectively "repay" $7,200 per year towards my half ($16,500) of the $33,000 cash invested in the property, and so after the first year, I'd own a 21.8% equity stake, after the second I'd own a 43.6% equity stake, and then after 2 years 4 months, I'd hit my 50% equity stake)These are just a few "creative" things I came up with after mulling this over a bit, but maybe there are downsides to some of them or maybe there are other options.
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10 December 2022 | 2 replies
Wanting to grow in scale - and I saw the opportunity to trade a hot asset - residential mf - for an under appreciated one - commercial mf - How did you find this deal and how did you negotiate it?
1 May 2012 | 23 replies
The disadvantage of going that route is when you try to scale it up.
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11 December 2022 | 3 replies
Regarding your question about mapping out the park, you may want to talk to your local manufactured housing association.
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4 December 2022 | 3 replies
Hi Alexander,In case it can help w/ your scaling plans, you might consider unsecured funding.