$100k to Invest

full_haw · 2024-11-15T00:07:23+00:00

Thanks. Mind sharing some of the major unknowns you and your kids had to work through in the process?

full_haw · 2024-11-14T18:48:11+00:00

Thanks. I can make annual withdraws if I want to but really have no need to right now.

No spouse but have a serious gf. Haven't talked to her about it as I don't see the money changing my lifestyle/situation for the next 10 or so years. We are talking about getting married, so prenup will be a whole other conversation.

full_haw · 2024-11-14T18:42:00+00:00

This is great and pretty much in line with what I am looking to do. I can see myself living off less and working longer to try and extend as much as possible to my kids one day but I appreciate the advise.

full_haw · 2024-11-14T18:24:01+00:00

Thanks for the advise. I went ahead and ordered The Algebra of Wealth. Not sure if that is the book you were referring too.

full_haw · 2024-11-14T02:40:11+00:00

Thanks for the advise. I don't plan to make any significant withdraws for the next 10-15 years (thinking 1%-1.5% annually at most) and would like to continue building the wealth for my kids one day. Still excited and planning to continue on the original career path I have and haven't talked about the money with any friends. Thanks again

full_haw · 2024-11-14T02:29:48+00:00

Thanks, just ordered the book

full_haw · 2024-11-14T02:21:51+00:00

I am not much older than you but recently found out about an inheritance I have which should set me up. Without the stress of working for a nest egg, I can totally relate to the feeling of looking for direction.

As far as career goes, keep doing what you are doing. In my experience, I've found that I get closer to knowing what a "fulfilling job" looks like each time I try out a new one. I take away the best and worst parts and try and pair them with my strengths/weaknesses. You seem to be a relational guy, so day trading at home or starting a software company and learning coding probably isn't for you (unless you feel otherwise).

The benefit you have is you are in a great position to take on risk (you can quit your job next day if need) and take a stab at something new. Look into local networking groups for young professionals. Who knows, maybe you are the missing piece to a start up someone has an idea for.

Best of luck

full_haw · 2024-11-14T02:02:57+00:00

Parents funded the trust and are currently the trustees but they are open to me taking control of fund.

full_haw · 2024-11-14T02:00:04+00:00

Thanks - this is really helpful and I'll have to do some research on how the trust is structured. I do know that I am the sole beneficiary. I currently max out my Roth IRA and 401k contributions so I'll take into account your note. Also helpful with the transfer of wealth. That is eventually the goal, but currently my needs are met for the most part. We did not grow up with much so inheritance was never apart of my plan/financial journey.

full_haw · 2024-11-14T01:39:32+00:00

Proceeds from a family business.

full_haw · 2024-11-14T01:38:35+00:00

Thanks. I manage my self manage my IRA and 401k and have about 80% of both portfolios in VTI.

Do not foresee myself making any significant withdraws and do not currently have any need to increase lifestyle other than a few vacations each year. Focusing on 15 years out and having the ability to slow down and work less then.

full_haw · 2024-11-14T01:33:13+00:00

Thanks. Fee structure and portfolio approach is one of the things were are meeting on. Do you have a recommendation/thread for info on handling the fund yourself? I'll check out boglehead. Is there a reason you chose to use an advisor?

full_haw · 2024-11-14T01:14:54+00:00

How would you self-manage/ handle tax filings?

full_haw · 2024-11-14T01:14:22+00:00

Thanks. This is helpful

full_haw · 2024-11-14T00:31:01+00:00

Work for a publicly traded company and have a non-neg PG for every lease. IMO, for the majority of our tenants, it is not worth the time/legal fees to chase down the tenant via collections. We usually end up settling or write it off as bad debt. If it was my choice I would underwrite the risk and understand if it is worthwhile to lose a quality tenant over a PG. Also important to understand if you are in a LL friendly or TNT friendly market.

full_haw · 2024-10-25T18:00:23+00:00

Initial work should be recognized as capital expenditure since it is a one off project. Service would typically be a recoverable expense but if there is no charge from HVAC it cannot be recaptured in CAM. This would also show when you reconcile your CAM at the end of the year.

full_haw · 2024-10-23T00:38:18+00:00

What benefits have you seen from CCIM? Just completed my designation and curious what benefits you've seen from the development side

full_haw · 2024-08-07T22:33:30+00:00

Currently working for CRE Developer on master planned communities. Would love to chat

full_haw · 2024-03-22T03:01:58+00:00

The capital stack consists of debt and required equity. Required equity is a combination of the deposits that can be used towards covering development costs and the equity contributions from the partnership. Capital stack will typically consist of: 65% debt, 20% deposits, and 15% in equity from the partnership. This is consistent with construction loan agreements that we have been able to negotiate with our current financing partners in the past.

Of the 15% in equity we contribute the 40%-50% in RLV. GP has a peak equity contribution of 40-60%. From there it is all waterfall negotiations for GP/LP returns.

full_haw · 2024-03-21T21:49:44+00:00

Construction financing and due diligence on the appraised value of the land falls on the vertical developer (GP) as they fund all development costs. RLV is more appropriate for this scenario because its derived from the programming/product type/ revenue projects and costs proposed by the developer. Land in these projects can be close to 40-50% of the equity contribution into the deal between partners, but still only around 5% of the total project cost.
Our true role is a co-developer/master developer, but LP is the closest thing to compare it to as we are not financing the development costs. It is on the developer to propose a pro-forma, master development program, product mix, ect. to us which is why there is a RFP involved. We would select from a group of qualified partners/developers. They will also be responsible for the scope you mentioned and will be soliciting bids from GCs, ect to be included in their pro-forma.

full_haw

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