LP Investing Digest #18

Tweets on investing, and anything else helpful to LPs

Welcome to the 38 subscribers and 5 premium subscribers who joined since the last issue!

1. Last premium post: 6 steps to a successful capital call decision

2. Last free post: LP Investing Digest #17

3. Announcements:

   1. LP Stories - I’ll be making an effort to record (in an anonymous matter) both good and bad LP investment outcomes to share them on here as well as my social channels. If you’d be open to sharing your story to help fellow LPs, please reply to this email.

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Happy Friday and welcome to another week of the digest!

These weekly posts are free and I hope you’ll consider upgrading to premium as a way to say thank you.

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As a reminder, rents don’t always go up …

I am personally seeing this a lot, thought this was a great take on what’s going on in the multifamily space

If you’re getting asked to sign something, make sure you know what’s going on and coutnerparty’s true motivations

An important video/message for LPs to watch and internalize

Foreclosure timelines by state (workouts take time..)

Replacement cost isn’t always a great measure of value

A pretty amazing example of what can happen when you compound capital well over a decade

Have a wonderful weekend!

Thank you for reading! I genuinely hope you found this helpful - the best way to say thank you is to spread the word.

I advise LPs on existing and potential positions and write articles here weekly on what I see in the marketplace that could help you invest better. You can find me on LinkedIn or Twitter.

Whether you’re an LP, want to learn to become one, or affiliated with LPs (GPs, Attorneys, CPAs, Wealth Advisors) I hope you’ll consider subscribing and sharing this post to help others make more informed investment decisions.

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When you’re ready, I could help you in 3 ways - simply reply to this email if one is of interest:

• Limited Partners:

  • Potential positions - you’re considering investing and need an independent opinion

  • Existing positions - there’s a lack of communication, you’re concerned about fraud, or perhaps you got a capital call request and you’re not sure how to proceed. I have also helped LPs with a “post-mortem” analysis on deals that didn’t work out - it’s important to learn these lessons as opposed to just blaming the GP.

  • LP Cohort - review 4 separate memos together with me and other LPs to learn how to vet LP investments.

  • LP Community - join my free 1,600+ member LP community on Twitter

  • Find GPs in unique asset classes/geographies on my monthly intro post (see LinkedIn’s post as well for more)

• General Partners:

  • Deck review - I’ll look over your marketing materials from the perspective of an LP and provide slide by slide commentary to improve your pitch

  • Investment review - I’ll provide independent feedback on an opportunity you’re pursuing

  • Capital call advisory - you suspect that you’ll need to make a capital call, but aren’t sure how to proceed or communicate the message.

  • Other - anything from waterfall/fee advisory to disagreements between co-GPs on the proper path given a set of circumstances

• General Consulting: modeling, strategic advisory, underwriting training, etc.

If you’d like to speak on the phone, you can set up an initial consultation.