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Updated almost 4 years ago on . Most recent reply

User Stats

62
Posts
25
Votes
Samuel Fletcher Hardy
  • Rental Property Investor
  • Florence
25
Votes |
62
Posts

Finding partners through adding value via videos?

Samuel Fletcher Hardy
  • Rental Property Investor
  • Florence
Posted

Hey guys,

Some background on myself first. I am a 25 year old disabled veteran who has successfully ran his own construction company for 5 years before selling it and moving across country and was mentored by a BP guest in Washington prior to moving and have another one that I am just starting to work with now in Alabama. My wife has an accounting degree and experience in property management. We have been investing for a few years, more casually. 

With me moving across country I am leaving behind a great reputation of being an industry expert that with a passion for learning and sharing what I know in my local investor communities.

The problem, My most valued asset is my time, I simply can't reach out to every single person individually and walk them through what I am doing to find out if they might be interested as well as there will inevitably be people I simply over look or forget. As well as I would like to expand my network even further.

My Idea, is to start producing videos breaking down in greater than normal detail the markets in my new area, analyze deals, show deals I am currently working on, and add any value for out of area investors I can! And if they want to work with me they will know the option is open. If someone comes and learns but doesn't want to work with me, that is still a win in my book! 

The Business, I want to structure it as individual partnerships where we focus on there goals to determine what to buy. For example do we care more about cashflow, forced appreciation, or being in the path of progress? It is a way to invest out of state, while having a trust worthy partner with boots on the ground that knows the local markets and has a team assembled. Making out of state investing a more manageable task.

The Management, I want to completely rework the payment structure where we only charge for management after we have seen X%  of growth in rental income for the property. Tenant retention is rewarded and no placement fees. No maintenance upcharges.                            The goal being to better align our motives by only making money if our investors/partners are making money.  

This is a working progress that I am getting closer and closer to launching. Any feedback would be awesome guys, Thank you for your time!

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