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How Future Funded CapEx Works
Capital expenditures (CapEx) are funds used to acquire, upgrade, and maintain physical assets such as property, buildings, technology, and equipment. One of the pros of using lender CapEx is, when you have a large CapEx budget, lender capital typically has a lower interest rate. When you raise all the CapEx dollars with equity, interest rates…
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Are You Familiar With The Term “Extreme Ownership”
It was coined by former Navy Seal Officer Jocko Willink (made popular in his recent book, Extreme Ownership). It means that if anything goes wrong on a property, it’s the general partner’s fault. As the general partner, the PassiveInvesting.com team believes in an “extreme ownership mentality” when it comes to asset management. If something goes…
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The Accidental Smurf-colored Apartment Building
One thing I have learned over my years in the construction industry is that you must learn to adapt and overcome challenges as they come up, and they will come up. We recently ran into such an issue while working at the Pines on Wendover project in Charlotte, NC. On this project we had planned…
