All Forum Posts by: Abdul Shishi

I am excited for you on your pre-work of reading and learning from the people who have experience on here. I am still working on finding the right first transaction. I just want to encourage you a bit even though I haven't taken the plunge yet. A couple things right off the get go....the situation with your mom really doesn't have anything to do with your first purchase or the quality of the property. That piece was a choice and frankly I would want to help my mom too, but that is an emotional decision and shouldn't be lumped into whether you are deeming this a good deal or a bad deal. Secondly, there are a couple things that you aren't focusing like the appreciation over time and the depreciation on the rental portion of the duplex on your taxes. Yes, you are experiencing some unexpected costs right now, but stay positive in that benefits will come in the long run.

It looks like this will be a disaster for a long long time. Really should consider selling.

You're helping your mother. Isn't that one of the reasons you got into this in the first place?---------------

People need to stop thinking buying a duplex or quad with minimal down is going to help themseleves solve an immediate issue. Buying is EZ.Maintaining and actually making money is tough. The benefits are not to be seen till 2038 or so if you buy now. Maybe never if you bought wrong.

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English please. In other words-WHAT,?

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Not to disparage online platforms. Those are for them to make money. If they can take you along for the ride -great.

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Oakland, California

Take $600,000 and buy 3 income stocks. Bdcl. Cefl.More.

That's $120,000 a year in income. Hope for the best.

You still have $900 K for Real Estate.

I actually have been doing some versionof this going on 4 years. So far so good.

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Oakland, California

Originally posted by @Account Closed:

We use the SEC 506B exemption and allow sophisticated investors into our deals once we have developed a substantive preexisting relationship.

This is a must before anyone can syndicate with us. We must deeply understand their qualifications, knowledge level, and ability to make investment decisions.

This can be accomplished through our investor qualification questionnaire & getting to know them.

Before sharing investment opportunities (Deal Flow) they must complete our investor questionnaire and meet me. They must meet either of the following to Participate: income, net-worth, or sophisticated investor requirements.

I sincerely hope this was helpful.

Dino

What would it take for OP to be able to see the inner workings. I think he wants to see the sausage being made.

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I'm noticing a pattern. These spreadsheet are useless unless Addres's are revealed.

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I heard a podcast where the Big Kahuna Syndicator welcomes chit chat with the plebes.

Highly unusual.

Do you think Cardone is going to have tea and crumpets to show you what's up.

1 Vote

Zip code matters.

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Im not saying a crash is imminent..........................i dont KNOW.

All im saying is id like one to happen. I just cant pull the trigger at todays price.

4 Votes

All Forum Posts by: Abdul Shishi

Abdul Shishi has started 0 posts and replied 79 times.

Post: looking to get my first turnkey rental need advise?

Post: So, my first deal has been a total disaster so far...

Post: Increase the amount in a POF

Post: What would you do with 1 Mil Cash? Multifamily?

Post: What would you do with 1 Mil Cash? Multifamily?

Post: "Sophisticated Investor" to participate in MF syndication

Post: [Calc Review] Help me analyze this deal

Post: "Sophisticated Investor" to participate in MF syndication

Post: [Calc Review] Help me analyze this deal

Post: Is a Real Estate crash imminent?