All Forum Posts by: AJ Shepard

@Danielle Huang

So you have investors that want to invest and you have someone that will build it and operate the business.

Are you asking how to set up a syndication to bring these people all together?

Best advice is to get knowledgeable about syndications. You can do this by reading a lot of books and listening to podcasts. Joe fairless syndication school would be a good start.

You can also pay a mentor or a coach and they can help you get set up. These type of coaches can be expensive, but may be a good option for you if you need to move quickly.

Michael blank apartment syndications

Joe fairless best real estate advice ever

Jake and geno wheelbarrow profits

Each of these have podcasts and mentorships.

@Wa Chan

Sounds like you are looking in the right places. I will say that if you are willing and able to live in a duplex, sometimes you will have to pay a premium to be in an area that fits your standards.

Just as an exercise, run the numbers on a 4 plex. If I had the opportunity to do it all over again, starting with a 4 unit would be my one piece of advice to myself.

@Jorge Vazquez

Just hire great property managers. They do it day in and day out, they have the resources that someone trying to do it themselves just takes so much time to develop.

Keep buying property!

When we create a proforma to be sent out to our investors/LP we always look for a property with a possible 15% or more IRR. However, it's not easy to find a deal that can give you a high CoC and IRR at the same time, value add is the best strategy. So tweaking some details on your proforma will be your top workaround if you like a yes from your investors.

It is possible and doable. I guess since the pandemic this has been a thing lately for buyers. There will be challenges but if everything has been laid to you and the agent has been transparent. Also, make sure that you are dealing with a reliable agent.

Uptown Properties is looking for an Operations Manager who is motivated by profit share. The job will entail managing and motivating a team of young professionals who know how to do their job but need help focusing their efforts to teams’ goals. Uptown Properties is looking for a creative leader who can guide the focus of the team to what is most important and focus efforts on those most important tasks that drive growth. This leader will be in charge of keeping focus on metrics that move our business forward while handling the day to day issues, the distractions, and the buzz that can bog a business down.

Are you interested in real estate? Are you a motivated manager who is focused on results? Do you have experience and success in building up sales, building and leading teams, and implementing tools to successfully manage a growing business?

Applicants will be graded on these key categories when they are reviewed:

• Take the company from $50,000 per year to a $300,000 profit in 3 years
• Gain 20% profit share in the company through partial salary deferral over 3 years, with planned bonuses at specific milestones
• Implement EOS, Have 2 Day Offsite Annual Meeting, Develop Goals and Core Values, Attend Key Executive Forum – 6 months
• Implement The EOS People Tool, Implement Monthly Performance Reviews with Scorecard. Implement Managerial Methods that will produce, foster, and challenge A Players and discourage the rest. (job scorecard for every position, produce personnel review for each current employee and schedule regular reviews) - 3 months
• Develop Talent Recruiting System to Attract Talent all throughout the region
• Implement Tools, Feedback, and Controls to predict market movements and demands, to make important decisions months ahead of time in less than 3 months

COMPETENCIES

PRIORITIES:

• Willing to Put in the Time and Effort
• Motivated by a Challenge
• Can-Do Attitude
• Excellent Follow-through and Implementation
• Proactive
• Understands either Scaling Up or Traction System
• People Person

WHO:

• Hires A players
• Develops People
• Removes underperformers
• Holds Others Accountable
• High Standard for Excellence
• Able to utilize existing resources without capital expenditures

RELATIONSHIPS:

• Focused on Customer Experience and Service
• Straight Forward, Calls it like it is
• Moves fast and Builds Trust
• Attention to detail
• Understands putting in work now to reap the reward in the future
• Welcomes Healthy Conflict

TECHNICAL:

• Customer Service Knowledge
• Marketing/Branding Knowledge
• Email Communication

TO APPLY:

Please send your resume and a short video introduction to [email protected]

You can create your video introduction at https://www.loom.com/

@David Levin

50k, 50k and 35k. We usually would do this as a partnership of some sort. We like to incorporate a real estate loan and have it paid back before equity takes a piece. Kind of like a preferred return. One way you might structure it is your 50k as 50% of equity and 30/50k and 20/35k as the other 50% of equity. 100k contribute to the company for equity. The other 35k is a real estate loan. The remaining 20/50 and 15/35 as a 35k real estate loan acting as a real estate loan on the property to be paid back as debt with a nominal percentage such as 5% or so. This way you get more equity for finding and managing the deal but they still get to participate in the upside of the deal.

@Arn Cenedella

Would be great to get on the golf course sometime!

Great post and very inspirational for those not in the game to find a way. We, much like you started out in SFH and 2-4 units. It's a great way to start to get a taste of it, but working in getting more MF units is certainly a lot more passive and great when you're working for the man. Great to hear your story!

@Destin Brown

We’ve never had problems with performing refinances, generally the issue is that there is not enough cash flow to support the deal because prices in the NW are higher than other parts of the country.

Mike Maier with fairway has done over 10 loans for us and just signed on a 4 plex with them last week.

Congrats on making your way into real estate, you’ll enjoy it!

@Justin G.

All great information.

I would add Brian Burke’s book, the hands off investor, to the list. It goes through in depth how to consider syndication deals and really dives in a lot.

All great content for those considering investing with a syndicator!