Hello and welcome. My name is Gino Barbaro, one of the co-founders of Jake in Gino. And in this how-to

lesson, really important. This is structured for limited partners. But if you're a general partner or you're

raising capital, these are some questions that a limited partner needs to ask a general partner.

So I want you to look at it from both lenses. If you're a passive investor, these are questions that you need to ask a general partner. And if you're a general partner. So I want you to look at it from both lenses. If you're a passive investor,

these are questions that you need to ask a general partner. And if you're a general partner,

lead sponsor and you're raising capital, these are the questions that you need to be able to

answer if you're going to be able to raise capital for your deals. Now, the very first thing that

any passive investor should ask for from a general partner is the actual

T-12s and rent roll.

Not only the projections, but I want the actuals.

And if a general partner says we don't provide those, that to me is the first red flag.

I want to be able to see the actual numbers. As a limited partner,

as a passive investor, I always say you need to be able to underwrite and analyze this deal

as if you are going to actively participate in it, but from a limited partner's lens,

buy right, manage right, finance right.

I want the T-12s.

I want to be able to look at the trailing 12s and see the patterns.

I want to see why is income up or why is income down?

I want to look at water bills, utilities.

Why was utilities $6,000 in this month and three months from now?

It's $9,000.

What about other income? Is other income

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