All Forum Posts by: Scott Mac

Hi Orestes, 

You might want to talk to a local Architect at this point.

You might get a better set of questions and tips from someone local who does this type of thing regularly.

Good Luck!

HI Richard, 

In addition to what you're already doing.

If you haven't already, I'd recommend attending as many local real estate meetups as you can.

That's a good way to learn more and to meet people who can steer you to potential team members.

You never know what will turn up.

Good Luck!

HI Brian,

Hang around in here and go through all of the stuff in the Education link at the top of the page.

This will take a while, but if you have a passion for it will go fast.

Good Luck!

Hi Nick,

I say give it a try and see if it works out.

You'll never know unless you try, and anything else is just guessing.

Nothing in this world is perfect, and if some issue arises between the two of you Work it out. 

If it turns out to be too uncomfortable then don't do it the next time.

Good Luck!

I had a fellow syndicator in Massachusetts tell me that a PPM is not required for 3 or fewer investors.

1.   Is this correct for the SEC if it's multi-state, and would it fly in a Texas only offering?

2. Would it make any difference if it was an LLC or Tenets in Common offering?

3.  If it is true, would not having a PPM increase the sponsors exposure in a lawsuit in any way?

4.  Also, If it's true, are there any states to avoid this in?

If anyone has any input on this it would be appreciated.

Thanks, 

Scott Mac....

Austin, TX.

Hi James,

If they have built any new large Class A apartment complexes near you maybe go have a look in person. (just pretend to be looking for an apartment)

Many like to Greige the walls, and if you find 2 or 3 you can get an idea of what they think will be popular cabinet and counter colors in your area with Agreeable Gray (a form of Greige).

For comparison, many public assistance projects use Navajo White or some for of it, because they don't have to worry about attracting renters. So I'd assume their cabinets and counter tops choices are just as nonchalant.

Good Luck!

Hi Mark,

I'd Net the 14K and use it as a cash cow for the foreseeable future.

Just a nice reliable very low risk little cash flow source.

Scott...

Hi Alan,

Electric Tape around a water leak?????

In some areas the water makes the service life of copper pipes about 20 years.

If there are a lot of leaks it might be time to have to plumbing replaced.

Good Luck!

Hi Alexander,

You can't change who you are, you'll just have to age into it as you can.

Although you might want to try dressing professionally. 

Like a nice sport coat from JC Pennys, something dark and conservative.

You don't ever ever see kids wearing something like that.

Good Luck!

Hi Hendrick,

Before deciding on a series LLC, you might want to discuss with a California lawyer if there is a possibility that a California judge could rule or deem your series LLC as one big LLC (collapse it), thereby exposing all of the sub LLC's assets to judgement.

Good Luck!