In this episode, we sit down with Ian Cruz to discuss one of the best ways to get into bigger commercial real estate deals. Ian shares his experiences in navigating the challenges of out-of-state investments and the difficulties in securing commercial loans without a solid track record.
We dive deep into the role of a co-GP, the importance of building partnerships, and the value that new investors can bring to the table.
We also compare our journeies from small multifamily projects to co-GPing on deals with over 500 units, emphasizing the lessons learned and strategies for success.
Timestamps
02:10 Scaling Up: Challenges and Strategies
03:43 The Role of Co-GP in Real Estate
08:31 The Importance of Partnerships and Mentorship
11:05 Navigating the Real Estate Market as an Out-of-State Investor
14:28 Building Relationships and Securing Deals
27:05 Exploring Co-GP Partnerships
27:17 Scaling and Investor Base Challenges
29:48 Expectations for First-Time Co-GPs
31:45 Roles and Responsibilities in GP
32:41 Returns and Splits
36:04 Understanding Preferred Returns and Splits
44:13 Selecting the Right Partners
Connect with Ian:https://www.instagram.com/cincycashflow/
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