Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Everton Souza

Everton Souza has started 1 posts and replied 11 times.

Post: Newbie investor looking for advice

Everton SouzaPosted
  • Chicago, IL
  • Posts 12
  • Votes 11
Quote from @Monique Kamaria Chheda:

What about triple net properties? I realize that the initial investment would be more than 25K, but is there a way to join a group of investors to purchase a triple net property as a means of more passive income? Would this be through a syndication? 



Monique, joining a group of investors to purchase a triple net is almost always done through a real estate syndication. Triple Net (NNN) lease agreements typically involve substantial initial capital and require comprehensive due diligence, including the engagement of highly competent attorney (which we have many here in BP) for drafting these lease agreements. These factors contribute to their high, often-prohibitive entry costs, making it best to be done through an experienced syndication operator.

I recommend starting with a smaller, 2-4 unit multi-family property in partnership with trusted friends or family. This structure allows for a more manageable entry into the market. It is crucial that all partners have a pre-existing relationship and actively participate in either property management (which can be outsourced to a professional property manager, that can also be found here in BP) or retain voting power for significant business decisions. This way it helps establish the venture as a partnership and not a syndication, which is important for SEC compliance.

Edit: I wanted to add, that engaging a property manager is to optimize the level of passivity youre looking for. While some oversight will always be necessary, the property manager handles the day-to-day operational responsibilities, while you and your partners focus primarily on administrative decision-making rather than direct property management.

Post: Newbie investor looking for advice

Everton SouzaPosted
  • Chicago, IL
  • Posts 12
  • Votes 11

Good morning,

Regarding the pursuit of passive real estate investment with a capital of $25,000, I believe it's important to set realistic expectations. A $25,000 investment may not be sufficient for truly passive real estate ventures, with the primary exception being REIT's. Most other real estate investment avenues within this budget would likely necessitate active involvement and a significant time commitment.

For instance, acquiring a property with $25,000 in total out-of-pocket cash would almost certainly lead to substantial ongoing maintenance and repair obligations, directly contradicting her goal of passive income. Even "turnkey" properties are often marketed as hands-off, and we all know it is highly improbable to find a genuinely passive turnkey option at this price point without additional investors being involved.

In my professional opinion, the most viable options for Monique to achieve a passive real estate investment with $25,000 would be going with REITs, as was mentioned in other posts, or she and her husband can consider partnering with other investors who have similar capital to pool their resources. They could then engage a professional property management company to manage the acquired property, thereby getting as close to passive as they seek.

Post: New Member, Chicago Illinois

Everton SouzaPosted
  • Chicago, IL
  • Posts 12
  • Votes 11
Quote from @Jarret Jarvis:

Hey Everton, welcome to the BiggerPockets community — and props to you for taking the initiative to get licensed in both real estate and lending. That’s a solid foundation to build from.

Love your mission around syndications and investing in low-income housing — we need more people thinking long-term and making an impact in their communities. I’m based in Chicago and work with a lot of investors here, so if you're ever looking to connect, brainstorm deals, or talk strategy, I’d be happy to chat.

Let’s keep building — reach out anytime!

– Jarret #letsgo


 Let me know when you are in the city or around the South Loop area, I would like to meet you in person and discuss doing business in the Chicago Market.

Post: New Member, Chicago Illinois

Everton SouzaPosted
  • Chicago, IL
  • Posts 12
  • Votes 11
Quote from @Sean Graves:

Welcome, Everton nice to meet you. I'm in south suburbs of Chicago, and I'm new to REI also. I'm looking for a team to join and work together with


 Nice, if you find yourself in the city, let me know, we can get together over coffee and and discuss.

Post: New Member, Chicago Illinois

Everton SouzaPosted
  • Chicago, IL
  • Posts 12
  • Votes 11
Quote from @Tiffany Washington:

I see you are from my hometown ... I'm new to bigger pockets community as well. 


 Hey!  Yes, welcome! Not in Chicago anymore? where are you now? 

Post: New Member, Chicago Illinois

Everton SouzaPosted
  • Chicago, IL
  • Posts 12
  • Votes 11
Quote from @Allie McAlister:

Hi @Everton Souza

Welcome to Bigger Pockets! You are in the right place to connect with other investors and start bundling your team.

Happy investing!


 Thank you. 

Post: New Member, Chicago Illinois

Everton SouzaPosted
  • Chicago, IL
  • Posts 12
  • Votes 11
Quote from @Eudith Vacio:

Welcome @Everton Souza 

Indiana is definitely a great place to invest! I live in Chicago and own here too, but I invest in Northwest Indiana - where in Indiana are you looking to invest?

Hi, where in Chicago? Likely around the Indianapolis region.

Post: New Member, Chicago Illinois

Everton SouzaPosted
  • Chicago, IL
  • Posts 12
  • Votes 11
Quote from @Andrew Syrios:

Welcome to BiggerPockets Eric and good luck investing!


 Thank you. 

Hello, new member here. I will sign up and attend as well. See you soon. 

Post: New Member, Chicago Illinois

Everton SouzaPosted
  • Chicago, IL
  • Posts 12
  • Votes 11

Hi Drago, I grew up in MIami! I live in Chicago now. 
Chicago doesnt have very favorable landlord/tenant laws. We are looking to invest in Indiana and Tennessee.