Let me know how I can help you? A deal, contact, or even a problem that you are stuck on? I might be able to #LaneHack it!
Would you like to be featured on the podcast for a free strategy session?
The majority of the deals I am in today (not turnkey rentals) were done 2017-2018, a time when the market was a lot better than today. I think its ever more important to go into the right deals that are conservatively underwrote.
Plus 0.5% on revision (exit) caps (as opposed to 1.0%), assuming, 2.5%+ increase in rents for each year, assuming 92% occupancy but zero economic vacancy!
Notice I am not talking about LP/GP splits or waterfalls which has nothing to do with the deal and is typically discussed by clueless passive investors that focus on the wrong aspects of the deal. I repeat… who cares about the deal structure (splits) if the deal is not sound, underwritten conservatively to preform in bad economic conditions, and with bad operators.
***This is a happiness hack I am trying out that I got from this Tim Ferriss Podcast – where I try to sympathize with people and work on my soft skills which as an engineer is tough***
Plus its part of the overall mission of SPC.