5 • 1.1K Ratings
🗓️ 14 February 2023
⏱️ 16 minutes
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Welcome back to this week's segment of No Limit Minute! This week I wanted to give some background on how I met my two fantastic business partners, what I was looking for, and how we got started together. I also give my best tips on how to find some equally great partners, and how to keep them around. Enjoy!
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0:00.0 | What's up, everybody? Welcome back to this week's segment of the No Limit Minute. And again, |
0:10.0 | we're talking about something that I've had a lot of people recently inquire about. A lot |
0:16.5 | of people reach out to me and be just really curious about how I found my business partners. |
0:24.3 | So I want to give you just a brief background on how I found mine. I want to talk about how |
0:29.2 | you can potentially find yours. But then I also want to talk just a little bit about how you can |
0:33.7 | keep a strong partnership and how you can try to avoid some of the pitfalls that you hear some |
0:44.0 | of you have when it comes to bad partnerships. And now let's take a quick break for our show |
0:53.3 | sponsor. We all know that collecting investor commitments, processing distributions, |
0:59.7 | finalizing essential documents, and communicating with your investors can be a time consuming and |
1:05.1 | prone to errors when using manual methods like Excel spreadsheets and emails. So what's the |
1:12.5 | solution, right? Invest next is a comprehensive institutional grade software solution for real |
1:18.4 | state syndications that enables you to effectively manage all phases of your real estate venture |
1:24.5 | with key management features like fundraise automation, secure ACH transfers, waterfall |
1:30.6 | distributions, and capital stack management, ultimately putting you in control of managing your |
1:36.6 | entire investor experience. Now prior to adopting InvestNext, our team at Ferrari Capital face |
1:43.3 | difficulties and effectively executing many different tasks. We encountered issues such as |
1:49.3 | misplacement of emails, confusion and processing, preferred distributions, forgetting waterfall |
1:54.8 | calculations, and honestly just an overall subpar experience for our investors. However, |
2:01.3 | since adopting InvestNext, we've achieved a higher level of efficiency and organization in our |
2:07.6 | processes, resulting in a faster pace of really closing deals and being able to scale. |
2:13.4 | Moreover, with the ease of their platform, we've shifted our focus back to our core competencies |
2:18.5 | which are raising capital and managing deals. Honestly, the key features that our team loves the |
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