I think I’m close to tying up my first syndication deal. It’s a light value add, a few homes to sell and vacancies to fill. But mainly it’s just increasing under market rents. It’s an asset in a great area that I’ll want to keep forever, and would like a decent chunk of equity for myself of course. But I’m a little light on cash until I can refi my other park. My likely investors are accredited friends and family. This is a relatively “safe” deal, but I’m also not a seasoned syndicator/operator. So what’s a good syndication structure to get investors interesting but fair returns, while also keeping a nice piece of the pie for me? I care more about equity ownership than cash flow at this point. So my inclination would be to go light on fees, if any, but bump up the equity split to a 40/60 GP/LP. Perhaps with a higher pref? What say you?

Does anyone have a pitch deck template they can share? Or is there one in the classroom resources? I'm having trouble figuring out how to search through the classroom documents.

Aleksey Chernobelskiy of GP-LP match on LinkedIn “We recently allowed LPs to search our entire database of GPs across a bunch of variables Here are the top used filters that LPs search for - pretty fascinating if you ask me.”

Hi everyone, I have a deal where the numbers make sense, but I can't set it up as a wholesale deal, so I need to find someone to partner with on this one. The seller wants to sell both in one fell swoop, so I need an experienced operator to help orchestrate this deal. Please reach out, and I can give you addresses and we can see how we can work together on these. Park #1: Ada, Ohio Asking Price: $600,000 Pads: 17 (100% occupied) Rent: $450 / pad Utilities: Well + wastewater treatment plant ($1,000/mo, compliant, maintenance records available) Tenants pay: Water (individually billed), electric & gas Roads: Gravel Ownership: Mostly TOH (1 POH) Income 17 × $450 × 12 = $91,800 / year Operating Expenses (Actual / Conservative) Wastewater treatment: $12,000 Well maintenance: $2,500 Management (10%): $9,180 Property taxes: $1,760 Insurance: $1,500 Roads / gravel / snow: $2,500 Repairs / reserves: $3,000 Total OpEx: ~$32,440 / year NOI $91,800 − $32,440 = 👉 ~$59,360 NOI As-Is Cap Rate @ $600K: ~9.9% Bank Financing (Conservative) Assumptions: 65% LTV 6.75% interest 25-year amortization Loan Amount: ~$390,000 Annual Debt Service: ~$32,500 Cash Flow NOI: ~$59,360 Debt Service: ~$32,500 👉 Cash Flow: ~$26,800 / year 👉 ~$2,230 / month DSCR: ~1.83 (very strong) Cash-on-Cash: ~12%+ Cash Required to Close Down payment (35%): ~$210,000 Closing costs: ~$12,000 👉 Total Cash In: ~$222,000 Park #2: Wapakoneta, OH Price: $1,400,000 • Pads: 36 total | Occupied: 30 | Vacant: 6 • Utilities: Private well + wastewater (fully compliant, documented O&M at $1,000/mo) • Roads: Gravel • Management: Tenant handles mowing/plowing/roads in exchange for use of barn Current Rent Roll (30 homes): 5 @ $500 | 5 @ $450 | 20 @ $400 Current Gross: $153,000 / yr Actual Operating Expenses: • Wastewater: $12,000 • Well: $3,000 • Management (10%): $15,300 • Taxes: $5,000 • Insurance: $6,000 • Misc / repairs: $2,000 Total OpEx: ~$43,300 As-Is NOI: ~$109,700 (≈7.8% cap) Day-One Financing Assumption:

@Tiernan Laue and I structured our latest investment as follows, for those interested. The HoldCo for Operating companies is a separate step I took that I'm not sure is entirely necessary but I wanted an extra layer of anonymity and protection between my OpCos and my Operating Entities. Everything else is pretty standard. As you can see by the dotted lines, there is no ownership of the property LLC by the Mobile Home Dealer Entity OR the Property Management Company entity. These are fireable entities - ultimately we could hire other dealers / property managers other than ourselves to replace those roles.