Investing With Friends
〰️
Investing With Friends 〰️
Candid Conversation
Investing in Commercial Real Estate with Industry Friends
📅 Date: November 15th 2024
⏰ Time: 9:00 AM - 11:00 AM
📍 Location: East Austin Hotel, 2nd Bar + Kitchen
🗣️ speakers: DeLea Becker + Stephanie Pierce Smith
Join us on November 15th for a refreshingly candid conversation, “Investing in Commercial Real Estate with Friends,” where I’ll be breaking down everything you need to know before you dive into a property partnership with friends or associates. We’ll tackle the questions that pop into your head when you're thinking of joining forces to buy a building, like What’s the real difference between a great partnership and a terrible one? and How do you know if you're teaming up with the right person for the long haul?
This isn’t just a theoretical session; it’s all about practical answers to real-life partnership scenarios. Whether you’re testing the waters or are ready to invest, this conversation will shed light on what goes into a successful real estate partnership and, just as crucially, what to avoid.
BURNING QUESTIONs:
1. ) “What comes to your mind” when you possibly go into partnership with someone on buying a building?
2.) How do you decide what type of building to buy?
3.) How do you decide on location?
4.) How do you search for properties?
5.) How are responsibilities broken up between partners when buying the property?
6.) What contracts need to be drawn up? LLC paperwork?
7.) How are the responsibilities broken up after the building is bought?
8.) How do you decide when a distribution is made?
9.) How do you calculate how much a property will cash flow?
10.) When do you decide to add to the property to value add?
11.) When do you decide to bring in more investors vs keep looking for a property within the cost parameters?
12.) How do you decide if you want to have someone as a partner (or if you DON"T want someone as a partner)?