Our Crowdfunding Network Is Growing Part 60
Monday, February 16
After a review of everything we have determined a new JV agreement is needed to implement deals in the manner we wish to do them going forward. Inner 10 Capital will JV with the third party developer on each deal and take a small listing/management fee on projects. We have RACI model set up by...
Our Crowdfunding Network Is Growing Part 59
Thursday, January 29
We have finalized the agreements as well as we can for our first third party syndicated deal. We'll probably team up with the Gossett/Jones guys on a project on Daphne as our first third party deal. My plan has pretty much narrowed to doing deals in Austin in the short run. I really can't see ...
Our Crowdfunding Network Is Growing Part 58
Monday, January 26
Success! Today we received the last wires for our Overbrook project, which is our first crowdfunded project on our new website. The tiny $195k raise will be wired from our broker-dealer to title tomorrow for our Wednesday closing.This weekend I spoke at David Drake's conference in Dallas. Ther...
Our Crowdfunding Network Is Growing Part 57
Tuesday, January 20
Today we finalized all of the AML checks for our first deal on our new site. We don't have our back end API implemented so this was a manual process and was quite painful. We're busy working to avoid repeating that on the next deal. Several wires were processed today and I would hazard to gues...
Our Crowdfunding Network Is Growing Part 56
Saturday, January 17
Our Overbrook offering is subscribed; again. This is the first crowdfunded raise on our new website. We sure are learning a lot about the capacity of people to commit to buying something in writing and then back out. We're going to need to implement good policies for this going forward. The p...
Our Crowdfunding Network Is Growing Part 55
Saturday, January 10
You have to love the lawyers. This week they changed our subscription agreements after our deal was subscribed. So now we get to ask all the investors to sign things all over again. Joy. Hopefully they'll do it. We have found several problems or things we could do better with our site by doi...