All Forum Posts by: Tonya Weathers

@Mike Smith I've checked the boxes on pretty much all of your suggestions so thanks for confirming those details. The one thing that I have to revisit at this point is #3. I'd hate to go back to the partners and tell them I either need more capital or we can't partner, but I have to try and not make it personal. Thanks for the advice Mike!

@Christopher Burge I appreciate that. Thanks!

@Christopher Burge I've thought about going with a lender instead of investors, but these investors are friends/family that are looking to put their money somewhere so don't want to just cross them out. I initially thought about syndications but I'm not experienced enough for that and prefer to avoid SEC regs for now.

Hi BPers!

I'm looking to do a JV with 3 other people. I will be contributing most of the work and capital. $100k (me); $20k (from each of the other 3 Members) = $160k total investment.

I've never done a JV and need help with structuring the splits. I have most of the other things hashed out except the splits. I'm considering splitting based on contribution (62.5/12.5/12.5/12.5).

Ex: If monthly rents after expenses = $12,000, then the splits would be $7,5000/$1,500/$1,500/$1,500. After refi, the $ would be split based on % again, same with sale.

Does this sound right? I'm having a hard time with this one. Any help would be appreciated!

I have a similar issue. Would love some advice as well. I just finished rehabbing my mom's previous home. It's currently under contract. I purchased her a fixer upper (purchase + rehab) in exchange for this previous home. I want to do 1031 into multifamily but I'm unsure if it's possible. From research, it looks like she can "gift" it and then I would be the taxpayer, right? And from there I can 1031 to my LLC for purchase of MF. Is this correct?

@Tyler Peitzmeier I'm curious if you build a separate team for every market you invest, including submarkets?

@Chris Duffy I agree with the others. I'm an OOS investor and my agent, property manager, and general contractor provides most of those services. My interests would be more of a JV situation. I'd be happy to chat. Good luck!

@Jason Malabute Thanks for the encouragement! If you don't mind sharing, what ARE your numbers? I've had so much back and forth on this, my head is spinning.

@Alex Grosvenor would you mind sharing your spreadsheet with me as well? Thanks!

@Torrey Benson Hi! Did you ever find a coach/mastermind? I'm looking for one as well.