All Forum Posts by: Rebecca Stuelpnagel

You could always split the profits 50/50 but pay the person doing the work the same as you would pay on outsider to manage the properties.  That way in case something happens or things change, you are already paying a salary or PM fees.   

Invest in a JV opportunity with another more experienced investor. It will add to your resume from day one and allow you to get hands on experience in Real Estate. Education and Experience are the two keys in this industry.

I would look for JV opportunities to partner with more experienced investors and learn from them. It is a great way to build your portfolio and resume at the same time.

Hello Bigger Pockets Family!!  We are re-branding our newest apartment acquisition and changing the name and image.  Where is the best and most affordable place to go for Monument signage, building signs, and parking lot signs.  

What about commercial trash cans, doggie waste stations, commercial park benches and other standard apartment perks to make a better environment for our tenants.    Is there a great commercial or multifamily online company that has supplies for reasonable prices??

Thanks again for your help.  Our property is located in Texas.

We recently closed on our first 68 unit Apartment complex in West Texas.  It took us two weeks longer than originally anticipated because of a lender hiccup at the end with docs, but we got it closed and we are onto our second deal as we speak.  I just wanted to say thank you to the BP community for support and advise.  We learned a lot from being active in the deal and learned a lot about raising private money so it was a great experience overall.

Looking forward to many more deals to come.

Thank You, Brian Adams, for being helpful, I knew there was a formula in there somewhere.  

We have gotten different answers and we just wondered if there is a way to calculate how many properties or $$ in assets would we need to purchase before our net worth is high enough that we do not need a sponsor in this example.

We are asking for future properties.  Right now we have a sponsor because our net worth is not  over 4 million dollars.  We are trying to figure out how many properties would we need to purchase before our net worth is 4 million and we no longer need a sponsor to qualify for net worth.

Yes I know that it is calculated on a personal level and it will change over time as the property is paid off and increases in value so for easy numbers, lets say right now my net worth is $500,000 and Our LLC is made up of 2 business partners.

Quick question on Net Worth and how it is calculated from a Bank's prospective.  

Lets say Our LLC purchased a property for 4 Million.  We syndicate the deal with 25% down using none of our own money in the deal.   Our investors get 75% of the deal and the managing partners get 25% of the deal.  We also have a sponsor on the deal that is getting 50% of the managing partners percentage of the deal.

My question is, how much does this one property add to the Net Worth of Our LLC.  Thank you in advance for your answers.

Charles,

Glad you got your job back.  My suggestion would be to get a job in property management or other Real Estate related field so that you meet more contacts in the industry and gain experience at the same time while working towards your goals.  

Also, take the time to learn deal analysis inside and out.  Podcasts, webinars, everything you can get your hands on.  You don't have any details listed like cap rates or rates of return so are you sure it is a good deal?  Most of us look at hundreds of properties just to find one deal to put in an offer on.  It is great if you have a connection to someone with an off market deal.  

If the deal is good, post the numbers and you will have an easier time getting partners interested in your deal that have the credit, experience, and liquidity to finance the property.  Your share of the deal will be equal to what you can bring to the table, first by finding the deal and second by helping to raise investor funds for the deal.  

Finally, best advise I ever got,  

DO NOT FALL IN LOVE WITH A PROPERTY, FALL IN LOVE WITH THE NUMBERS.

Thanks, 

@Ivan Barratt - I am a GP on the deal.