Books about real estate equity structures and the different approaches that can be used
As titles indicates I am looking for books that discuss the different approaches that can be used when creating equity structures. Additionally, if there are books that go through historic deals and the equity structures that were used. Thank you.
[{"id": "hr0iuiu", "text": "Following. Sorry wish I knew one", "replies": [], "depth": 1}, {"id": "hr0ka5e", "text": "following.", "replies": [], "depth": 1}, {"id": "hr0l23n", "text": "There is a YouTube channel called \u201cbreak into CRE\u201d\nI know it\u2019s not a book but he teaches things like equity waterfall and all sorts of models at an ez to understand level. He also has a class you can pay for with books. \nHope it helps\n\nhttps://youtube.com/c/BreakIntoCRE", "replies": [], "depth": 1}, {"id": "hr0nnx8", "text": "Other Peoples Money and Zeckendorf biography have some interesting deal structures in them.  \n\nSadly, I don\u2019t think there is a resource that has a definitive or even comprehensive list and outline.  Most the the CCIM or Adventures in CRE have basic examples not a lot of nuance or complicated deal structures flushed out (sale lease back, seller financing, JVs, ground lease developments, TIF, etc.).  Best way to learn is to join a couple groups (ULI,Boma, etc.) and network.", "replies": [{"id": "hr0ntt0", "text": "Thanks that\u2019s very helpful I\u2019ll check those out. What groups are you referring to?", "replies": [{"id": "hr13col", "text": "Urban Land Institute (ULI), Building Owners and Managers Association (BOMA), Certified Commercial Investment Member (CCIM), NAIOP, plus a couple dozen more and a greater number of niche groups/associations for each niche.", "replies": [], "depth": 3}], "depth": 2}, {"id": "hr0sy4m", "text": "Seconding Zeckendorf. Great read from one of the most influential developers in NYC history. Well written and he supplements his stories of different projects with tidbits of his personal life, but focusing on his RE empire. I mention this only to emphasize that it\u2019s not a dry autobiography", "replies": [], "depth": 2}, {"id": "hr15kud", "text": "ditto Zeckendorf.  great book.  Great dealmaker.  [https://www.amazon.com/Zeckendorf-autobiograpy-real-life-Monopoly-history/dp/1684116945/ref=sr\\_1\\_1?crid=3N3RUTF465APY&amp;keywords=zeckendorf&amp;qid=1641183328&amp;sprefix=z%2Caps%2C835&amp;sr=8-1](https://www.amazon.com/Zeckendorf-autobiograpy-real-life-Monopoly-history/dp/1684116945/ref=sr_1_1?crid=3N3RUTF465APY&amp;keywords=zeckendorf&amp;qid=1641183328&amp;sprefix=z%2Caps%2C835&amp;sr=8-1)\n\nhis 'Hawaiian Technique' is SOP today.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hr0op8n", "text": "As far as I know there aren\u2019t many books that discuss that because, and that\u2019s the cool part about RE, there is no limit to the ways but your imagination. \nWe work with many investors and have seen some very interesting and creative ways to structure deals. \nIf you have specific questions, ask here and I\u2019ll try to help or if you\u2019d prefer you can DM me and we\u2019ll chat.", "replies": [{"id": "hr0p6sp", "text": "I am trying to understand when to use certain structures as opposed to others. For example, if you have a deal that cashflows well vs a deal that the play is on the refi/sale.", "replies": [{"id": "hr0q9ue", "text": "There is no rule book for when to use what. Each deal will have it\u2019s own character. \nSometime the seller has no debt (optional owner financing), sometimes they will have debt that needs to be assumed, sometime the loan is unassumable. \n\nYou can get the down payment from your own funds, a few partners, syndication, crowdfunding\u2026\n\nSometimes you\u2019ll structure a partnership with a land owner to develop on their land in return for equity\n\nAnd so on\u2026 \nToo many variables to create a rule book. The best advice I can give you is to keep your mind open to possibilities and try to build the best strategy for the specific deal in front of you.", "replies": [], "depth": 3}, {"id": "hr0riu8", "text": "Depends on what you are trying to achieve.  What benefits do you or your clients seek?  \n\nOwner Will Carry: How to Take Back a Note Without Being Taken https://www.amazon.com/dp/1478234490/ref=cm_sw_r_awdo_navT_a_EK40FVDX1TT6JMT3FFZZ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hr0qht7", "text": "300 Ways to buy sell or exchange real estate by Bob Steele.  Get it on Amazon or in via nft.  Bob would consult if you bought the nft.  He\u2019s keen to move to web3.  He\u2019s 90 also.  \n\nhttps://opensea.io/assets/matic/0x2953399124f0cbb46d2cbacd8a89cf0599974963/90180426423273143489117686848801512690861717014435615751986647003870852546860/\n\nSteele 300 Ways to Buy, Sell or Exchange Real Estate: Volumes 1-12, Strategies 1-300 https://www.amazon.com/dp/098951904X/ref=cm_sw_r_cp_api_glt_fabc_F6N8WYFW4BK0G2S1EYRH", "replies": [{"id": "hr109t4", "text": "What\u2019s your review of this book I\u2019m thinking of buying it but it has very few reviews.", "replies": [{"id": "hr15a9u", "text": "I love it.  It's a great mindset book for deal making.  There are some very specific formulas and there are some broad stroke concepts.  Regardless it helps me look at deals from various perspectives and find multiple offers to present to owners.\n\nA great formula for inflationary times would be a Performance Mortgage.  You take a % of the lease.  This would increase with increased rents but potentially decrease if times got tough.  You could negotiate a % of the sales price etc.  If you are a hard money guy this is brilliant as it makes you a partner with the borrower.  Or you can buy commercial property like this, splitting the yield with the seller.  \n\nPoint being there are a milion ways to do deals in all markets.", "replies": [{"id": "hr15nx7", "text": "I just spent over $100 for the book on Amazon, so going to give it a shot. Thanks", "replies": [{"id": "hr63eq7", "text": "Which copy?  As it seems like there are some cheaper versions with a difference foreword.", "replies": [], "depth": 5}, {"id": "hwpp9cp", "text": "Follow up, but what did you think of the book?", "replies": [{"id": "hwpuv16", "text": "Its got some interesting ideas and concepts that are definitely out of the box but ive only glanced through it and havent read the whole thing yet. I have a pile of real estate books on my desk i\u2019m making my way through and a bunch of audiobooks and podcasts.", "replies": [{"id": "i8pkshr", "text": "Hey any follow up on this book? Looking for something less mainstream for commercial RE transactions", "replies": [{"id": "i8pl22v", "text": "It\u2019s got some interesting alternative ideas in it but haven\u2019t had a chance to finish it yet.", "replies": [], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "hr42lov", "text": "Actually a great use case for NFTs, great.", "replies": [{"id": "hr43w4w", "text": "Thank you.  I like how value can be added after the transaction.  Like email back in the day.   Or text until recently.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hr0roap", "text": "Great creative deal structure education here:  https://www.cashflowdepot.com/", "replies": [], "depth": 1}, {"id": "hr3eiyl", "text": "Can't tell exactly what your question is.. but for private equity fund structures, poke around the resources through CAIA. There are many different ways to setup equity structures. NAIOP (Canada) has a [white paper](https://www.naiop.org/Research-and-Publications/Magazine/2018/Spring-2018/Finance/How-to-Set-Up-a-Private-Equity-Real-Estate-Fund) on starting a fund.\n\ni.e. are you looking for equity/ investment fund structures or legal structures on how to hold/own real estate? Two different topics.", "replies": [], "depth": 1}]