All Forum Posts by: Graham Lutz

@Mike Dymski - I don't have any particular aversion to being a GP, but just exploring options and starting conversations.  And I have that abundance mindset that makes it hard for me to worry too much about investor leakage.  I'm not trying to hide anyone away or protect my little share of the world.  

@Charles Worth - yes I have an SEC lawyer who is awesome. I like to tap the hivemind as well whenever possible!

@Ben Leybovich - that's what I was afraid of...The problem is that I have zero interest in getting a job with an investment firm (which appears to be necessary to get sponsorship for the exam).  Any chance you're aware of any entities that will sponsor someone for the exam without requiring full-time employment?

@Jay Hinrichs yeah I was hoping someone knew off the top of their head. There’s plenty of interested investors around and not enough deals to go around, but I expect that dynamic will flip again at some point in the near future. 

@Jay Hinrichs thanks - yeah I would absolutely want to do it right and was thinking some series licenses might be the answer, but I’m not sure which, and the official websites for them don’t quite answer my question. 

Also, getting a 7 without being employed by an investment firm seems to be quite the hurdle. 

@Alina Trigub - I’ve got plenty of experience with syndications and know the implications of the SEC regulations well. The goal is to not have to be a GP on every deal to which I bring my investors. I’m specifically interested in what’s required to simply sell an investment in another deal. Do I need a series 7/63/65/66 or any other certifications or designations?

Let's say, for instance, I have a bunch of connections with groups doing syndication deals and I have a bunch of interested investors.  What are the legal requirements for me to make fees or commissions off of bringing investors into other's syndication deals? 

I've done lots of googling and found mostly info as it relates to stocks, etc.  But, hypothetically speaking, if one wanted to build a business around this idea, how can that be done legally? Obviously, talking to a lawyer will be necessary before actually moving forward, but I'd love to get some high-levels answers first if possible. 

@Kellen Driscoll - have you looked at Michael Blank's Syndicated Deal Analyzer?  I haven't used it myself but have heard good things about it and might give you some insight into how they put their deals together.  It's $99 or $129 I think, so keep that in mind. 

 Makes perfect sense.  Do you see any significant difference in expenses per unit, other than turnover, based on number of bedrooms? 

 Thanks Gino!  Could you elaborate on what you mean by unit mix not being good and why you'd like to see it different?  Are you saying you'd rather see a more even mix of studio, 1 bed, and 2 bed units?