Sean @ Scholastic
@SeanODowd15
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Buying single family rentals in Elite School Districts as GP for Scholastic Capital | Ex-BCG | Wharton
Chicago
Joined August 2019
Scholastic Capital is excited to publicly share a big update that, until now, only our Limited Partners had known about. In April of this year, Scholastic Capital finalized a definitive agreement for a $30 million strategic investment from Hazoor Partners. With several months.
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The more time I think about hiring, the more I just end up studying Ramp. Is there a better run company in the world? I honestly don't think so.
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BIG NEWS, Dragon Ball Fans!.Pre-register now and join Goku on day one!.Get exclusive launch rewards and rare items.Will you be the first to experience it?.
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Raffle off one ticket to Taylor & Travis's wedding. $100 per raffle ticket . Rough math based on my Twitter feed says this will do >$200M revenue.
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My favorite phrase that real estate agents use now is "newer construction". They can't say "new" construction unless it is new. BUT "Newer" construction is completely up for judgement! . I've seen a 2023 "newer construction" home and a 2005 "newer construction".
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New UNC Charlotte research. Kids from low & moderate-income families perform significantly better in school when their families rent single family homes in elite school districts . We see this every day at Scholastic. It's why we exclusively buy homes in elite school districts!.
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This sounds obvious, but I think it's missed a lot. Real estate asset classes are very unique. Operators, intentionally or unintentionally, shy away from that when talking with LPs to simplify "the pitch" down to an IRR.
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I think a huge realization operators need is what their asset class is and what it isn't. For example: SFR is a high floor asset. It will never, and should never, beat the yield of class B/C multifamily. If you try to force SFR to do so, you're likely taking on leverage risk.
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RT @mostlysports: True or False: Kyle Schwarber can make the Hall Of Fame if he hits 500 homers @SportClips
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Smart for Lennar, exceptionally risky for mom and pop investors. These homes have all been passed on already by every SFR fund. If they all have said “no”, it’s unlikely a part-time investor can make them work effectively.
Homebuilders court investors as unsold completed new-build inventory hits 15-year high. This week, @Lennar—a homebuilder ranked No. 129 on the Fortune 500—launched Lennar Investor Marketplace. It's a portal for mom-and-pop landlords to find deals from Lennar
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Do I know anyone who is a 1031 exchange expert?. Would love to talk to you for 5-10min if so!.
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This is really good.
Becoming the best cat herder is still herding cats. Build leaders and they will begin to herd themselves. An argument against John Maxwell’s 5 levels of leadership:.
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RT @SeanODowd15: We’re hiring a Head of Capital Formation at Scholastic Capital!. Scholastic Capital is a fast growing real estate fund buy….
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We’re hiring a Head of Capital Formation at Scholastic Capital!. Scholastic Capital is a fast growing real estate fund buying homes in elite school districts. We are now backed by institutional GP seed capital and are scaling quickly. The Head of Capital Formation will lead all.
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I made this point the other week in the context of robots building homes. Technology is always ahead of government. Robots will be able to drive cards or build homes *years* before it is actually allowed to happen.
And now! Boston city council members introduce a bill to require drivers in Waymos and create an AV advisory board stacked with unions.
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RT @jayparsons: The investors who dominate the single-family rental market are and always have been small investors. There's not a real "s….
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Do I know anyone who works in Capital Formation/Investor Relations or similar?. Hoping to ask a few questions regarding how to think about something!.
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The shortage of single family homes will not be solved without massive changes in the skilled trades labor pool. You quite literally cannot build a house without an electrician. If there aren’t enough electricians out there, you can’t built houses.
Mike Rowe: “We’ve been telling kids for 15 years to learn to code.”. “Well, AI is coming for the coders.”. “It’s not coming for the welders, the plumbers, the steamfitters, the pipefitters, the HVAC, or the electricians.”. “In Aspen, I sat and listened to Larry Fink say we need
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Robbie is spot on with this. Scholastic initially had a pref. We moved away from it based on heavy LP and prospective LP feedback against a pref. However, it appears lenders like it better too. A pure 85-15 split is way simpler for everyone.
We were sitting w/reps from Freddie a few weeks ago. FM: How do you fund these deals?.Us: We syndicate. (Eye roll. They were concerned.). FM: What is your structure?.Us: 85/15. No pref/AM fee. 2.5% PM. (Sigh of relief). FM: That’s perfect. Let me tell you why they perked up:.
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Michael is the best in the business and the absolute best person to speak with when it comes to funds . Definitely recommend checking out this book!.
Book Release Day is here! 🚀. You can now buy “Fundamentals: Your Friendly Guide to Investment Funds and Syndications” on Amazon. A link to the $0.99 Kindle version will be in the comments. 👇. This book is made for investment managers (GPs), passive investors (LPs), service
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Just saw this rental home listed in one of our zip codes
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