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Started By
Message
question about a business idea
Posted on 7/18/13 at 10:33 am
Posted on 7/18/13 at 10:33 am
In my current job I spend a lot of time analyzing markets and performing market/feasibility studies for developers.
I specialize in a specific property type but don't want to go into that here.
My feasibility studies have proven to be spot on for the most part and its something I'm very confident in.
Using apartments as an example. ..
Do you think I could start a consulting company that brings a perfect market to a developer in exchange for 5 percent equity?
Again, I would charge no fee. Just a 5 percent ownership position.
Thoughts?
I specialize in a specific property type but don't want to go into that here.
My feasibility studies have proven to be spot on for the most part and its something I'm very confident in.
Using apartments as an example. ..
Do you think I could start a consulting company that brings a perfect market to a developer in exchange for 5 percent equity?
Again, I would charge no fee. Just a 5 percent ownership position.
Thoughts?
4
Posted on 7/18/13 at 10:43 am to I Love Bama
a good commercial real estate developer already does this right? or you talking bring a deal to a group of investors and telling them what will work or not as far as the development?
This post was edited on 7/18/13 at 10:44 am
Posted on 7/18/13 at 11:10 am to trillhog
Kinda. A developer is always looking for the perfect market for a new development. I'm talking about bringing them the market and if they develop give me an ownership position.
Posted on 7/18/13 at 11:12 am to I Love Bama
quote:
Again, I would charge no fee. Just a 5 percent ownership position.
Thoughts?
I'd rather take a fee. I wouldn't want equity in something like real estate.
How would you make your money?
This post was edited on 7/18/13 at 11:14 am
Posted on 7/18/13 at 11:27 am to I Love Bama
quote:
A developer is always looking for the perfect market for a new development. I'm talking about bringing them the market
this is what a good commercial broker does for his listing or for his customer vice versa. by market do you mean good deal on the dirt or by market do you mean telling them what sqft, lease, and what kind of tenants the area is looking for and how it needs to be broke down to make money. do you have CCIM?
This post was edited on 7/18/13 at 11:29 am
Posted on 7/18/13 at 11:29 am to I Love Bama
quote:
I Love Bama
Hiring? Or can I get your current job?
This seems like it could be a good idea unless you plan on having employees early on. It may be difficult in the beginning to pay employees when you're basically only earning ownership in development projects that (probably) don't even have a positive CF yet.
Posted on 7/18/13 at 11:32 am to I Love Bama
quote:
Again, I would charge no fee. Just a 5 percent ownership position
No one ever lost money selling advise. Charge a fee.
Posted on 7/18/13 at 11:34 am to barry
quote:
ow would you make your money?
Off the noi every year as well as when they sell
Posted on 7/18/13 at 3:48 pm to I Love Bama
A downside I could see is that you would be dealing with so many owners and have to keep track of different agreements and blah blah blah.
Good idea, but that part would need to be thought through more.
Good idea, but that part would need to be thought through more.
Posted on 7/18/13 at 4:16 pm to I Love Bama
You'd need a non-disclosure agreement on the front end and independent counsel to protect yourself in the operating agreement or partnership agreement.
Sophisticated developers could find a way to screw you if you didn't write yourself some protections into the governing document of whatever legal entity you guys choose to operate under.
Sophisticated developers could find a way to screw you if you didn't write yourself some protections into the governing document of whatever legal entity you guys choose to operate under.
Posted on 7/18/13 at 4:52 pm to TheLankiestLawyer
Its a great concept for a side job/creating passive income. It would most likely take years to start seeing benenfits. I would just charge a fee up front.
However, odds are the operating aggreement would be the key here. Would you be voting - most likely not, so as a minority owner you would have zero control on distributions, actions, and other key elements of the business.
Plus, by being an equity owner, you are assuming a piece of the risk of the project if it flops.
However, odds are the operating aggreement would be the key here. Would you be voting - most likely not, so as a minority owner you would have zero control on distributions, actions, and other key elements of the business.
Plus, by being an equity owner, you are assuming a piece of the risk of the project if it flops.
Posted on 7/18/13 at 6:35 pm to Mako
Thanks.
Lawyer you too.
It's just an idea and I had much rather have the passive income down the road than fees upfront
Lawyer you too.
It's just an idea and I had much rather have the passive income down the road than fees upfront
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