EDIT: just finished the post and read that you won't respond. Nevermind
No preference. Different investors want different deals. No industrial or medical due to lack of expertise to underwrite the deal.
Edit: accidentally gave you an MS when my finger slipped as I scrolled.
2nd Edit: I have a special place in my heart for hospitality. Would be very open-minded to placing a deal like that.
Disclaimer for the Kids: Any forward-looking statements are solely for informational purposes and cannot be taken as investment advice. Consult your moms before deciding where to invest.
Have you thought about setting this up in a fund type of format? I think you've previously mentioned wanting to raise a fund in the future so set this up as fund-lite, show that you can find deals to invest in, place money in good investments, show a bit of a track record and use it as a base for future capital raises. I don't know if this would be a conflict with your current job but if you can do it on the side and perform well you could use it as a platform for future raises and/or you may be able to show the investors behind your friend that you can deploy the capital in good US RE investments. I'd have to assume if your friend can raise $100MM to invest in an asset class that she has no background in she has some incredible and wealthy contacts in that part of the world so you could do a few deals then formalize it into an REPE fund where you can do the on the ground investing and operating and she could raise capital and take care of investor relations. Just a thought.
Honestly? I'm thinking about a lot of things. I'm actually a bit flustered--it's sort of like a lifelong poor person wining the lottery in that he may have no idea how to handle it. All of a sudden I've got more money than I can place through my entire contacts list. I think ultimately the fund concept is what we want to do, but the legal work alone to set that up is going to run into the 6 figures (I've done some preliminary investigations). SEC and FINRA, God bless 'em, have made it a very complicated start-up process.
To your point, we're trying to prove ourselves to these people first and see how it evolves from there.
BTW, WSO, man--you guys are awesome. The responses I've received have been overwhelming. And from people who know what they're doing.
Who the fuck is throwing monkey shit here? The one time someone actually tries to get some real work done around here, damn. Good luck with it bro. +1 for getting lucky with the opportunity.
Since I am currently a real estate graduate student, with a high potential for future growth (I make about $50 a week at the moment. Nowhere to go but up!), I think your investors should pay for my education. Technically it is still a "real estate deal."
My advice... and say what you will... but put part of the money into acquiring space for dry cleaners across the US and then double your gains by using a Dry Cleaning Transaction Holding Company to act as the middle man as a supplier for all of the retail properties you own. Win Win!
Just to let you know, this is a site where you add value i.e help others. No one gives a fuck about you bragging.
Give some advice of what you have done with the funds. I would love to meet you in person. I think my mind frame would be - he's a punk, I don't give a fuck about this guy.
"El Rey del Dios"
Just to let you know, this is a site where you add value i.e help others. No one gives a fuck about you bragging.
Give some advice of what you have done with the funds. I would love to meet you in person. I think my mind frame would be - he's a punk, I don't give a fuck about this guy.
You're right. I've provided zero help or insight on WSO over the years.
Actually, the original post was long but I edited down to one sentence after several days in order to discourage people from bumping the topic back to the top a year-and-a-half later...
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Any preference on commercial vs residential?
EDIT: just finished the post and read that you won't respond. Nevermind
No preference. Different investors want different deals. No industrial or medical due to lack of expertise to underwrite the deal.
Edit: accidentally gave you an MS when my finger slipped as I scrolled. 2nd Edit: I have a special place in my heart for hospitality. Would be very open-minded to placing a deal like that.
My private messaging isn't working for some reason. Can you try sending me one which I can then in turn reply to?
I have a Pokemon gym development project in need of co-investors. It's zoned for 7 different pokemon trainers but it needs a lot of work.
I'm willing to forgo a management fee but I'm still expecting 20% of the profit with an 8% hurdle rate. 50% catch up is non-negociable.
PM'd
Have you thought about setting this up in a fund type of format? I think you've previously mentioned wanting to raise a fund in the future so set this up as fund-lite, show that you can find deals to invest in, place money in good investments, show a bit of a track record and use it as a base for future capital raises. I don't know if this would be a conflict with your current job but if you can do it on the side and perform well you could use it as a platform for future raises and/or you may be able to show the investors behind your friend that you can deploy the capital in good US RE investments. I'd have to assume if your friend can raise $100MM to invest in an asset class that she has no background in she has some incredible and wealthy contacts in that part of the world so you could do a few deals then formalize it into an REPE fund where you can do the on the ground investing and operating and she could raise capital and take care of investor relations. Just a thought.
Honestly? I'm thinking about a lot of things. I'm actually a bit flustered--it's sort of like a lifelong poor person wining the lottery in that he may have no idea how to handle it. All of a sudden I've got more money than I can place through my entire contacts list. I think ultimately the fund concept is what we want to do, but the legal work alone to set that up is going to run into the 6 figures (I've done some preliminary investigations). SEC and FINRA, God bless 'em, have made it a very complicated start-up process.
To your point, we're trying to prove ourselves to these people first and see how it evolves from there.
BTW, WSO, man--you guys are awesome. The responses I've received have been overwhelming. And from people who know what they're doing.
Who the fuck is throwing monkey shit here? The one time someone actually tries to get some real work done around here, damn. Good luck with it bro. +1 for getting lucky with the opportunity.
Since I am currently a real estate graduate student, with a high potential for future growth (I make about $50 a week at the moment. Nowhere to go but up!), I think your investors should pay for my education. Technically it is still a "real estate deal."
We could set up a waterfall model and everything.
$50 a week? Part-time job at Wendy's?
Hah, nah. Resume review for people. Luckily this summer and next year I'll be able to intern for some sweet $$$
Buy core plus in steady eddie markets to manage for the stable cash flow and collect a 5% management fee for the rest of your life.
My advice... and say what you will... but put part of the money into acquiring space for dry cleaners across the US and then double your gains by using a Dry Cleaning Transaction Holding Company to act as the middle man as a supplier for all of the retail properties you own. Win Win!
I prefer the Tom's Bistro idea...
There's always Rent-A-Swag. It's one hell of a way to Treat Yo'Self! Just remember, you don't want to be a Gerry.
Shoot me a pm if Dallas-ft worth is one of your funds' target markets. Congratulations by the way!
.
I've been meticulously tracking the Boston Real Estate market for a long time now. Shoot me a PM and we will discuss further.
Just to let you know, this is a site where you add value i.e help others. No one gives a fuck about you bragging.
Give some advice of what you have done with the funds. I would love to meet you in person. I think my mind frame would be - he's a punk, I don't give a fuck about this guy.
You're right. I've provided zero help or insight on WSO over the years.
Actually, the original post was long but I edited down to one sentence after several days in order to discourage people from bumping the topic back to the top a year-and-a-half later...
Tempore numquam voluptas laborum enim. Aut aperiam nostrum et et quibusdam cumque eius. Sint illum voluptas est exercitationem.
Qui inventore qui tempore minima. Praesentium qui nemo rerum ex accusamus adipisci in. Et error nesciunt eveniet aut. Dolores quo ut excepturi aliquid. Hic qui illum neque voluptatem repudiandae recusandae voluptate iste. Ad aperiam enim aperiam dolorum.
Ab sequi sequi aut aut et aut aliquam. Aperiam ut non numquam.
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Deserunt quis dolores molestiae autem. Iste rerum rem impedit itaque. Eligendi fuga quisquam voluptate accusantium. Cupiditate ratione architecto vel tempora dolorum hic maiores.
Dolorem natus voluptatem architecto soluta dolorem voluptas voluptates. Aut voluptatem tempore quo velit corrupti. Et sint libero ut quidem quia nemo. Amet eius non est cupiditate dignissimos. Est et excepturi fuga voluptatem et. Minima enim ut consequuntur minima doloremque architecto.
Asperiores eos quaerat modi nulla illum voluptatem itaque est. Consequatur at est mollitia veniam hic asperiores aperiam.