All Forum Posts by: Chad Ackerman

 There are different communities and podcasts out there that help you get started.  I think BP does a great job in most topics of real estate investing but the syndication topic doesn't get a lot of focus it seems.  But there are a few other communities that have popped up that have built a network of like-minded individuals that are sharing their experiences in this space.

The best book I've read is by Brian Burke called the Hands Off Investor.  It's a good tactical book that will teach you a lot about the language and metrics of a deal and gives you ranges of what they should be.  There are some others as well.

@Tim Watson - great topic that I think a lot of people have on their mind.  One avenue that you may not run into a lot would be to look at passively investing as an LP in a syndication deal.  These deals range in multiple asset classes and can focus on cash flow, value add equity or both.  There are a lot of options but it would give you yet another arena to look into to diversify your portfolio.  There are also a lot of options to get in for $50k or less.  

@Holly Williams - really appreciate you sharing your story.  I'm on a path that should get me out of my W2 within the next couple of years.  I've ran through several shiny objects in the real estate investing industry but found passively investing in syndications is working the best to for me to progress towards my goals while being in my full time job still.  

Looks like you have been out of your W2 for a while now.  I hope I'm able to have the same luck.  Congratulations and thanks for sharing your story.

@Brian Burke LITERALLY wrote the book on passive investing.  Check it out.  It was extremely helpful for me to help guide the passive investing work that I've been doing over the past several months.  So I'll give your book a plug because I think its the best material I've found for those looking to invest in syndications.  Thanks for your work on this and sharing the knowledge.  

I am a newbie to the REI world and have yet to purchase my first door, but now that the economy has sputtered with no idea when the bottom will hit I'm finding it even more difficult to focus on what to do in this business. I have potential partners wanting to purchase some flips which seems too risky for me at this point. I've been looking at buy and holds for the past several months but now it seems like there could be a drop in price that would be beneficial to wait for. But I hear people say you shouldn't try to guess the market. So I'm looking for advice from those that have been in the business for a while on whether it's still a good time to purchase or if a "wait and see" approach would be better at this point?

I have capital and my long term goals are to create wealth that will replace my income and allow me to do this full time.  I like the buy and hold strategy for the growth and to ultimately get to a passive income structure.  I feel there are going to be a lot of opportunities out there but it doesn't seem like we are there yet.  But I don't trust myself yet with making these decisions

Any help is appreciated.

Sorry thought my comments posted too but it looks like they did not.

I'm looking for help looking at this deal.  Its a 4 unit building with 3 currently rehabbed and rented.  I ran my numbers assuming it would stay this way for a while.  During that time I'll work on rehabbing the 4th unit over time so I didn't bake in any of the costs to see if it would work leaving the 4th unit empty for some time.  I also then assumed there was no immediate value increase to the property since I won't be doing anything to it for a bit of time.

Looks like the numbers still look good, but I'm a newbie and I'd love to get some feedback on my assumptions.

Thanks.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Thank you @Remington Lyman and @Austin Steed for the information.  I appreciate the help and referrals.  I hope I can return the favor at some point!

I'm looking at a property that has some foundation issues that I'd like a professional to look at. Does anyone have a recommendation for a good structural engineer in the Columbus Oh area?  

Thanks.

Thanks for the constructive feedback @Jaysen Medhurst.  This is helpful and exactly the kind of second opinion I'm looking for.  I'll test my numbers more and see if it makes a difference.  I appreciate it.