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
[07:36 - 17:12] Syndication vs. Joint Venture
[17:13 - 27:47] Business or Investment
[27:48 - 35:07] Voting Rights in a Loan
[35:08 - 36:31] Closing Segment
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 chalmetteray@outlook.com 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