Should I Sign a Loan Without Voting Rights? Chalmette Ray
Episode description
Investors would not co-sign a loan for their little cousin, so there’s no reason they will for a stranger they barely know. Chalmette Ray has learned this lesson, alongside other important facts on syndications and joint ventures and limited and general partners. She has also realized that investments and businesses are two different things and that one is advised to be done before the other due to some practical reasons.
[00:01 - 07:35] Opening Segment
- I welcome today’s guest, Chalmette Ray
- Chalmette talks about her inspiring journey to real estate
[07:36 - 17:12] Syndication vs. Joint Venture
- Why syndication is more popular than joint venture (JV)
- The role of limited partners in syndications and JVs
- Should you be an active operator or a passive investor?
[17:13 - 27:47] Business or Investment
- The advice you need to hear about building a business or an investment
- Let’s talk about risk in real estate
- Facts about vertically integrated firms you need to know now
[27:48 - 35:07] Voting Rights in a Loan
- Signing a loan with--or without--voting rights
- Here’s an interesting thought about convenience in real estate investing
[35:08 - 36:31] Closing Segment
- Find Chalmette at the links below
- Final words
Tweetable Quotes:
“The difficulty in being in a joint venture is the same as it is with being a general partner.” - Jerome Myers
“Business owners are able to grow and create equity, you have the leverage, you know how to pull them. And in that operation, you take that equity created, and then you drop that down into the investment.” - Jerome Myers
Resources Mentioned
You can connect with Chalmette by emailing [email protected] or get in touch with her on LinkedIn, Facebook, and Twitter.
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.