Multifamily Missteps Hosted by Jerome Myers

Should I Sign a Loan Without Voting Rights? Chalmette Ray

July 13, 2021 Jerome Myers - The Preeminent Authority on Dream Realization
Multifamily Missteps Hosted by Jerome Myers
Should I Sign a Loan Without Voting Rights? Chalmette Ray
Show Notes

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 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

Support the show