Im4datigers

- HELOC if you can find one on a 2nd home. I’m commercial lending so not sure if that exist on consumer side or not

- set up an LLC

- partner with the builder but maintain all control. And when I say partner don’t give them ownership in LLC, give them a cost plus say 10% contract to build (or something like that) and then dangle a carrot in front of them (through a formal agreement) where they then get 25% kicker of the net profit when sold.

- obviously the key is least leverage as possible in case it sits and you have to fire sale it. And always look at it as a rental in a worse case scenario. If you can’t sell it and have to hold it, what’s the monthly cash flow look like.

Has value yes, but not enough value to sell, pay off debt and return money to investors. when you borrower with a total capital stack of 90% or more and then rates shift on you by 300+ basis points, toss in cap rates moving upward by 50 to 100 basis points and your investors are wiped clean.

I just set mine up this year and used E*Trade. I found it pretty easy to set up.

That being said, I don’t do regular contributions from payroll etc. I just chunk some money in there from the company from time to time.

I also have a w2 job that I personally max out my 401k annually so I can’t put anything into my solo 401k personally, only through the LLC.

I do have E*trade pulling $500 every two weeks into a brokerage account to set aside taxes. I found that super easy to set up.

Not sure how much that helps. I also went with E*Trade as it was one of the few that I could do a 401k loan if I ever needed to.

Thank you sir……no can do on anyone’s personal residence/consumer.

But if you don’t live it it, I can finance it lol!

Have all that. How did you find the opportunity? Just wondering what the steps are to begin. Is it literally searching it on the colleges websites and whatnot.

And assuming you work full time too?

Ok so if a baseball guy comes in and bombs (like we had plenty this year) they can technically be shown the door and lsu isn’t on the hook for their remaining college career

Scholarships - Player gets offer in high school and signs with LSU. At that point is LSU on the hook for 4 years for that person to be on the team, take up a scholarship etc etc? Obviously player can bolt, but can the team bolt too if the player ultimately sucks, gets injured etc?

NIL - LSU goes out and offers someone $5 million. Is that just a year by year deal? Two year deal, depends on the deal etc?

I guess best example is currently with LSU baseball. We got out and offer all these transfers NIL money, scholarships etc and they come in and just suck. Assuming LSU is stuck or can these players be fired per se.

Honest questions as I also have a daughter (no pics a holes) just starting the college athletic recruiting process and just eat about 1000 different things. Everyone plays their “deal” close to the vest so it’s hard to fully understand it all.

You people are insufferable. Guy has two nattys in four years.

Super super hard to make money on those type investments right now. Easier when rates were 3%. Now there just isn’t enough juice for the squeeze. Might clear a couple few hundred bucks a month maybe, but then one plumbing or HVAC call wipes that out.

Ask the question -
How much money goes in when purchasing the asset

What is the estimated positive cash flow while holding the investment

What amount comes back to you when it’s sold.

And sure there are some tax advantages to all of this but those fade out if your AGI gets to a certain point.

I like the old Rosenblatt stadium a lot more. I also like the one game winner take all, pitch the first baseman if you needed to approach. But I get the three game series as it really levels the championship some.

I’m in commercial real estate financing. I will just say be careful of these platforms out there. Ie crowdstreet situation.

Know what you’re investing in. Honestly friends and family are better. At least you know them and know the projects you’re investing in.

Make sure you know where you lie in the equity stack. You might go into a deal being advertised as 60% LTV, but once you peel back the onion they’ve then stacked on another 20-25% mezz debt. So your equity investment is literally $0 at that point if something goes wrong.

Not to scare you, but everybody’s presentation looks nice and pretty and done up by Wall Street gurus. Dig in to make sure you know what you’re getting into.