LP Investing Digest #9

Tweets on investing, and anything else helpful to LPs

Welcome to the 21 subscribers and 3 new premium subscribers who joined since the last issue!

1. Last premium post: Is real estate better than treasuries?

2. Last free posts: top 15 syndication mistakes and LP Investing Digest #8

3. Announcements:

   1. 🎉 December promotion: earn a free month of premium for every friend you refer to this blog. Click the button below to get started. Many people just took this link and sent it to a group (e.g. Facebook, Whatsapp, etc) that they’re on with other likeminded investors.

---

Happy Friday and welcome to another week of the digest!

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

Not sure I have anything to add, other than be mindful of who the course is given by and their particular bias

Great thread on taxes (see my post on hidden risks of tax benefits as well)

Price/value should always be top of mind when you’re look at an investment

This is funny, but also rings true when you’re estimating expenses and looking over a proforma from a GP; SFR stands for Single Family Rental

Important point, which impacts you from an LP perspective - is the GP a price setter or a price taker?

If you have 10 minutes, try to find all the issues with this… a great learning experience; STR stands for Short Term Rental

This is true, and if you don’t understand it, you probably should before you invest as an LP; the impact of an acquisition fee is explained here at length (but there are many more expenses to close)

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.

---

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 Course - review 4 separate memos together with me and other LPs to learn how to find good LP investments. The January cohort is now full, but you can reserve a spot in February’s cohort by replying to this email.

  • LP Community - join my free 1,400+ member 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.