All Forum Posts by: William Kyle Walker

@Joe Fairless Do you find that you are starting to compound your growth? What is your ten-year goal (how many units do you want to buy in the next year)?

How big is your investment team? Your website looks like there are 4 of you?

At what point did you and Frank decide to hire someone? 

What is your biggest challenge to growth that you are feeling?

I've spent the past two months working ON our business instead of IN our business. Meaning our foundation and business operation workflows instead of looking at deals (building our website, interviewing crowdfunding websites, demoing asset management software, Looking at CRM, Intervening pr and marketing firms, drafting our pitch deck...). 

@Leslie Ray it’s been almost a year, how were your results? Did you have a good response rate. Did you get a deal out of your efforts?

Thanks,  

@Lane Kawaoka

I appreciate the feedback.

 I have one friend that would argue "The more you can automate the more human detail you can devote to where it counts." but she thinks robots are taking over and skips the self-checkout line at grocery stores so people can still have a job haha lol. 

Interesting thread. Any updates Philip Bashaw ?

Great, thanks for the thoughtful feedback. We just meet with two individuals Duncan and Lauren with Morris Manning and Martin a big shop here in ATL. They seemed very good and have deep roster of colleagues that can handle any needs we may have. We are just always looking for efficiencies. I know there are big things on the horizon for REtech with underwriting, market research, crowd funding, investor relation manage TN, assets management (BI). When I heard about Amy’s option it sounded exciting. If you guys have subscribed to anything in those fields I’d love to hear about it. I’ve been demoing several lately. One investor that I spoke to yesterday has done deals on Crowd Street and Real Crowd about 4-5 deals on each. He said he is going to start winding down his usage of Crowd Street and stick to Real Crowd. Mainly because of ease of use for the passive investors on the portal.

Does anyone have feedback or experience with this company? They say their documentation prep costs ($5k-$7k) about 1/3 the cost of having a regular attorney draft your documents. They use a computer that runs you through a series of questions and scenarios and then that program inputs all the data into your docs.  The founder @amywan is an attorney that reviews everything. 

I was also wondering if they have any value added services for looking at deals. 

Does any of the coaches provide any of the following?

Costar

RealPage - Axiometrics

RedIQ

Rentlytics

@Scott Shatford is there a way to buy a one time report? I am looking at buying a ten unit apartment complex that would rent better on Airbnb rather than as monthly rentals. Right now I could get $850 a month per unit as monthly rentals with 7% vacancy. 

I could also get $100 per night with Airbnb but have no way of accurately underwriting vacancy. The standard hotel vacancy is 30% this still puts me way above the $850 but I need to justify the 30% vacancy when obtaining financing. 

Thanks @Paul B.

The "Stocked Pond" is what interest me. I know Brad does an interview with each of his students to see if they are a good fit for the program. I don't think he would allow someone that had to put the fee on a credit card. I don't know what his minimum liquidity requirements are to join. Most deals that I have talked to his students about have a minimum $25k or $50k investment some sell out quick others don't. 

Brad's Group is obviously doing volume. Does anyone know if Rod's is? 

We are considering joining a couple mentor groups to build relationships with more investors. Our last deal we engaged a mortgage broker that also brought a Private Equity LP (Limited Partner) to the deal.  He made a nice fee (more than Brad and Rod's combined). We would like to have more individuals that we deal with directly. 

How do the mentor groups work?  If we join is there a platform to present the deals to the members?