All Forum Posts by: Brett Deas

Yes I would do it in the state you are working in. Otherwise, you will have to pay a few extra fees to register it with the specific state as well as finding a second registered agent. 

I live in parker and 10 of my close neighbors all rent out their basements as a separate unit. Most tenants you will probably find are small families/couples due to it being far from Downtown.

My company is looking at acquiring an adventure park (Half outdoor activities, half short-term rentals). We are in the LOI stage and have about 3 months before close. Our total raise amount is about 1MM. Looking at cash flow payouts averaging 20% annually during the hold period and a 3X equity multiple on a 5-year exit.

We are looking to bring someone on who can help us raise capital and be a part of the GP team, handling most of the investor relations role. We are going to do a 506b so you will have to know your investors prior. Currently we are looking at giving about 15-20% of GP share to any partner who can bring the money. 

Would be happy to talk more details to anyone who is interested! 

All the time.

What I have done in the past is for finding the deal around 10%. Finding the deals is a smaller piece of the puzzle when it's all said and done. 

Ok I hate to say the obvious, but you probably shouldn't do that. LLC's are not as strong as people think and if someone does a little digging they can pierce that corporate veil like tissue paper.

My lender, who is also based out of CO, is currently offering 11% and 2 points. I think the rate is variable depending on the project but close to 11. 

FurnishedFinders.com

In my experience talking to hospitals has not been worth it for 2 reasons. 1) They have no incentive to find the nurse housing when the nurse has a stipend to find it themselves. and 2) Travel nurses are vetted so strictly that they wont release travel nurse information to outside parties. 

This is all just my experience, others could tell you different. 

Well, I am no lawyer, but I always go to what is in the bylaws. Now it does sound like if you start they will quickly realize their mistake and fix it so I think long term it will be a lose/lose. 

0-1 is the biggest jump you will ever make. It seems scary but once you do it you find out its all fine. Even if you loose money, in RE the odds of you loosing your entire investment is close to 0. 

My gut says you deserve more because you are doing more. If you want to go 50/50 I would say lay off the property management to him, if you trust him. If not I would go 70/30 or 80/20. Just think, why would you give up % in the deal if you can hire out that part of it and keep the whole?