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All Forum Posts by: Abdul Shishi

Abdul Shishi has started 0 posts and replied 79 times.

Post: Help Me Save My Career

Abdul ShishiPosted
  • Posts 82
  • Votes 40

I like Bens idea.  Whatever it is.   Investing in Platforms seems the way to go. 2nd though can you really say something you havent made any money yet a CAREER?   Drama wont get you anywhere.

I love Cardone"s enthusiasm.   However people this is an obvious money grab.    Motivators motivate to get you to buy what they are selling.

Think Hedge funds.   The operators make BILLIONS the investors 5 years in are asking Wheres my Yacht MONEY?  Ask CA pension funds.

The real investment BIG SHOTS dont accept public money.   Rockerfellas,  Morgans, Rothchilds, Buffet, etc.

Post: New to wholesaling please help

Abdul ShishiPosted
  • Posts 82
  • Votes 40

The stats are in.   If you bought a PROGRAM the chances of success are slim and none and none just left the building.  If you learn from your DAD or Uncle who has had success your chances greatly improve.

How is it even possible to chime in without numbers.?

Post: Good 1st idea on how to jump in ???

Abdul ShishiPosted
  • Posts 82
  • Votes 40

Following the 1% rent rule on SFR really limits the potential for being SAD in the future.

Post: Turnkey Rental For Sale

Abdul ShishiPosted
  • Posts 82
  • Votes 40

I too have followed Lane.  This can be the ultimate thread on Turnkeys.   Newbies can learn a lot here.

First thought, in no way is anyone who is familiar with REAL ESTATE going to consider 2109 5th St NECenter Point, AL 35215 a B class neighboorhood.

Todays syndications are yesteryears Hedge Funds.  Great for the operators but lousy for Jim the Janitor and Barbara the Baker.

Originally posted by @Bill F.:
Originally posted by @Mike Dymski:

"I think there will be a lot of unhappy investors over the next 5-7 years that didn't see the difference between a good sponsor and a rising tide that lifts all boats."

I have likely reviewed and underwritten 100+ offerings over the past year and routinely see red flags and deal breakers...inexperience, mis-aligned deal structures, weak offering materials, aggressive assumptions, background check follow up items, under-capitalized sponsors, etc...but the deals still get funded.  In this market, deal flow is king and whoever has the grit and time to generate it can make a good profit.

Could you even hazard a guess what 2-4 things drive these deals with red flags getting funded?

Are you seeing any of the hedge fund phenomenon 'compensation scheme disguised as an asset class" developing?

Pointing out that RE is in a 10 year bull market is Frowned upon here.

People need to realize BRRRRRR and R worked great 3-5 years ago.   No t so much now.

Originally posted by @Desmond Dunn:

Thanks so much for this post.  I am super interested in syndicated deals and I was made to believe that is was a process that a newbie could learn through research but somethings you can only learn by doing

 People cant even buy their first deal properly.  Hard money loan?  Whats up with that?