All Forum Posts by: AJ Shepard

@Kim Lisa Taylor we use appfolio which integrates into our management software. It’s quite slick! They are making improvements on the communication pieces and reporting but still an effective tool for managing deals and prospects.

@Jack Martin has some good advice.

One other thing to note of the OZ funds is that they require a vast improvement of the land within a certain time period. 100% of the improvements made over the first 18 months, so if you do find someone in that space it can be very difficult to still perform. All this is added risk.

Syndications that are buying already occupied buildings and doing cost segregation’s is a very low risk in comparison.

@Nicholas Aja

There are tons of resources outside of books. Keep searching and talking about what you want to do. Read books and find better more efficient ways to get things done. Make your dreams into reality by taking small achievable steps each day.

Michael blank podcast

Joe fairless already mentioned

Wheelbarrow profits

Syndication show

Join the Westside Investors Network as Matt Williams presents his view on the art of Navigating Negotiations.

Matt served as the 2015 National Association of Residential Property Managers’ (NARPM®), Portland-Chapter President and earned his Residential Management Professional (RMP®) designation through this national association. Matt also earned his Certified Apartment Manager (CAM®) designation in 2015 through the National Apartment Association (NAA®). He also served as the Legislative Chair for NARPM’s Portland chapter in 2016 and 2017.

He speaks to groups within the industry on topics such as business development, professionalism, marketing, and industry differentiation. Matt also teaches classes and seminars on Oregon Landlord/Tenant Law and market conditions to cooperating Realtors, Brokerages and the public.

Being the real estate specialist in the industry has proven extremely valuable for Matt’s clients. There are few professionals in the real estate market with the broad scope of knowledge he provides and his skills in negotiation are invaluable. Whether working with a buyer, seller or investor Matt is committed to the best financial outcome and smoothest transaction possible for those he serves professionally.

Topics to include:

1. Negotiation Strategies
2. When to Walk Away
3. Presentation of Your Offer
4. Due Diligence
5. Remaining Genuine
6. When to Keep Quiet
7. Closing the Deal
8. Leveraging Both Sides

RSVP here for the Zoom meeting link!

@Matthew Cooper my suggestion is that if you want to find a mentor, you identify someone that you want as a mentor and then figure out how you can help them. Be creative and try to add value. Most people in your shoes have a lot of time to give and maybe not as much knowledge, where as most mentors probably have not a lot of time to give but have a wealth of knowledge. If you’ve listened to some of the BP podcasts I’m sure you’ve heard this concept.

Hope this helps!

@Brian Gerlach

One way we’ve done it in the past is to structure the more passive person as equity and debt partner. Ie, everyone puts in $100, 4 people, each get 25% equity. Partner 1 and 2 also put up a $200 loan to the new company. So the company now has $800 to spend on the project but 4 partner own the profits at 25% ea after they have paid back all loans.

@Evan Loader

I’m sure you will find many other syndicators on here that are offering 506(b). Feel free to PM me.

@Shane Thomas

I’m gonna side with all the guys that answered already. The 506(b) allows for a larger audience, especially when the audience already tends to want to have an existing relationship.

From an investor standpoint, I wouldn’t anticipate the deal to be any better or any worse by the code they subscribe to. You may find yourself looking at some larger deals through the accredited only syndicators and most likely with more complicated waterfalls and debt structure, but I wouldn’t think it makes the deal any different better or worse. I’ve read and learned that vetting the sponsor is way more important than the deal itself.