All Forum Posts by: Noah Swank

@Nigel Prentice

Look forward to it, talk soon.

@Nigel Prentice

You got it Nigel, happy to talk further on a call sometime if you want to brainstorm further.

@Nigel Prentice

We have people just looking for retirement income. Often we pay 6–7% but do it for 3 years or more. They don’t want the principle back but the income, which makes it a lot less work for them and works for us a long term investor.

@Michelle Castaneda

Hi Michelle, I saw you are looking at KC, have you considered Wichita, KS as well?

@Asif Mohammad

Happy to help, just reach out if you ever want to chat!

@Asif Mohammad

Hi Asif, have you considered Wichita, Ks? We have been able to hit those targets here. Happy to have a market call sometime if you want. Let me know! Noah

@Dave DeMink

We’ve done this when we had sufficient reserves in place and knew the overall timeline would support the cash flow. We’ve also delayed prefer for a year or two before any coupon starts but either is always spelled out in the deal before it strikes.

@Roger Evans

3 units, 20% of cost down we get low 5% right now, fixed for 5-7 years only. Sometimes that is less than 20% of ARV if we put together a value add deal.

@Salome D. We are based in Wichita, Ks, much of what you are looking for can be achieved here. Happy to chat on a call sometime if you want.

@Eric Swint, ours varies by deal. Some have a coupon, some don't. All have a preferred return to the investor before we participate in any equity. We do value add, opportunistic and stabilized properties so the structure is based on which type. We really stay focused on being equitable with the LPs and doing deals long-term (not fee gouging), when they make money, we do, and it works well over time.

You can structure the deal however everyone is agreeable to, just make sure it is clear. It also comes down to how good the deal is and the return to the investor after your fees/promote. 

In any case,  if you are bringing in money I'd suggest having a SEC attorney involved in your process to make sure it is compliant.