All Forum Posts by: Brian Gerardi

Thanks, @ArieDekordovi

Looking for wholesalers in Columbia, SC and greater surrounding area (Ft. Jackson, Blythewood, Elgin, Lexington, Irmo, Lake Murray, etc.) If you've got single family properties, I want to buy them from you! Feel free to connect, maybe we can work together in the future. Looking for houses that are at least 1300 sqft, around 3 bed/2 baths, and with resale values between $100-200k. Would be willing to consider properties with higher resale values on a case-by-case basis. Let's connect!

-Brian

Good words of caution from @Tom Gimer, thank you! Definitely working to avoid that. And thanks @Sam Grooms for clarifying those, these investors are not accredited and I think I'm a ways off from "only raising $1M-$2.5M" but now I have a better idea of what to be looking ahead for. 

@Gino Barbaro I will reach out to Kim and read to get more information, thanks for the refer!

@Cindy Veit all good questions, thanks for your advice and experience.

@Todd Dexheimer, thanks for the information! This definitely captures what I'm doing and gives me a clearer idea of the questions I need to be asking. This is very much a small pool for a flip and operates more like hard money than anything else. Thanks!

@Luke Weber, I have received 10%, haven't gotten 20% yet lol, but looking good so far. Would love to work with you on your next project or maybe push some people your way. Let's connect!

Thanks everyone! @Luke Weber I received 10% of my principal investment on a 6 month promissory note for a flip in Fayetteville, NC (plus some additional for referring another investor)

I am promised 20% on a 3 month note of a similar principal in Norman, OK, but I have not been paid yet so not counting these chickens just yet. There have been a few delays but I  they're mostly on schedule, no reason for me to believe that they won't the established timeline. I'm meeting with the contractor and the listing agent this weekend (they're married) to discuss the way ahead but I'm not worried.

I will be reinvesting with my business partners in Fayetteville again, and would love to bring you in if you're interested!

I loaned money to a flipper for a promised return............and got it! All of it, on time, the works. Crazy, right? Even a little extra for referring another investor to the project.

I also loaned money to another flipper, this time pooling my money and the money of a few colleagues. I handle all the interaction, details, and harassing the flipper, they get their principal and return upon completion (only a few more weeks!) Very much a 1-time deal.

The problem is, I like this! And I've discovered that there's a word for it (syndication?)  I'm a little overwhelmed by a cursory google search can anyone recommend reputable resources on where to begin to learn more about this? I want to continue doing this at this level (small investments from members of the military who don't have the time/ability to do real estate on their but want to be involved in some way and want to see their money grow) but I also want to grow as well (I see multi-families! I see apartments! I see commercial! I think I've found something I enjoy doing!)

There's a Syndication Seminar being run the the Real Estate Guys near me in a few weeks. Plenty of time to register but the price is high. Has anyone been to one of these events? I'm a geographic bachelor (work) and very much trying to save pennies to send home to the wife and the mortgage payment but this weekend is almost a mortgage payment itself! Worth it? Thanks in advance, ya'll!

-Brian

The Accidental Syndicator

Hey Michael, would love to connect. Looking for houses that are at least 1300 sqft, 3 bed/2 baths, and with resale values between $100-200k. Would be willing to consider properties with higher resale values on a case-by-case basis.

Looking for a ranch-style home with modern design & full OPEN concept? Look no further! Located in the Hillendale West subdivision, this Fixing Up Fayetteviile renovation boasts many updates: fresh paint inside & out, white shaker cabinets & vanities, granite countertops, shiplap-style fireplace, all new flooring, appliances & fixtures. Large room off of main living space could be used for any purpose. New architectural-style roof. Spacious shed. Refrigerator allowance & home warranty offered.

Looking for wholesalers in the Fayetteville, NC area (Greater Fort Bragg, Spring Lake, Raeford, Southern Pines, Cameron, etc.) If you've got single family properties, I want to buy them from you! Feel free to connect, maybe we can work together in the future.