All Forum Posts by: Benjamin A Ersing

Hi BP community,

I'm looking for a financial advisor / wealth manager. Preferably someone with experience helping W-2 employees build their RE portfolio while balancing other investment opportunities (ie, 401k, etc...). Experience with additional alternative asset classes (i.e, private equity), agriculture, etc... is also a plus. As is experience with international diversification strategies, investment opportunities and currency plays.

Appreciate any guidance you might have!

Ben

@AzmatHossain @Shiloh Lundahl

@Mike Lambert is correct about the typical U.S. PE shops, they will only be getting in on large, multi-billion dollar developments / buy-outs. I work with "them" a lot (not in real estate), and unless there's a minimum 7 to 8 figure return on the table, its typically not worth their time.

That said, you could also consider looking for local, Costa Rica-based private lenders / private equity.

Generally speaking, local private capital markets in developing countries such as CR tend to be less developed (surprise, surprise), so you won't find any mega buy-out funds, but you will find relatively modest sized funds investing locally into agriculture, tourism, etc... so if you can tie your real estate investment goals to an eco-tourism project / sustainable producing farm, then you could have an interesting play there. That's actually one route I've personally been exploring. 

Depending on the country, there are also often foreign aid dollars that can help underwrite some of the risk, provided you're interested in developing a 'socially consciencious' business that is broader than a standard long term real estate buy-and-hold. It takes a bit more work to navigate, but it can be a great way to get to know and enter a local market. Local embassies and chambers of commerce can also provide information about local investors, entrepreneurs, etc...

I've started exploring RAL. Would be curious to hear your take on it. I assume you're pretty bullish based on this thread, no?

I second that. @Mike Lambert is your guy.

@Zach Lemaster will DM you

@Zach Lemaster you ever consider investing in real estate in any of those countries you visited?

Nice. Most of my investments to date are in the Providence area.

Anything would be helpful. Yes, I'm running into the same challenge. Will shoot you a DM to follow-up.

@Anthony Thompson thanks for the response! have a project in mind. Looking for individuals experienced in flips. I have some good contractors for routine maintenance on my properties, but no one who’s experienced in flips.

Where in RI do you invest?

Hi all! Located in the Providence, RI area, looking for recommendations/referrals for high quality, trustworthy contractors.

Have been investing for 2 years, currently own and manage 5 units. In process of purchasing several more and considering getting into flipping.

Appreciate any recs!

Thx in advance.