All Forum Posts by: Jason Thompson
Jason Thompson has started 51 posts and replied 210 times.
Post: advice for starting a syndication
- Posts 220
- Votes 67
Quote from @Paul Moore:
Hi @Jason Thompson! I was a residential real estate investor for well over a decade and I spent 3 years in commercial real estate before I discovered syndication. It is a fantastic avenue for experienced investors, per the comment from @Chris Seveney.
After reading all of the books, I highly recommend you join a coaching program to teach you to syndicate, give you contacts and put you on the right path. You will likely find a lot of prospective partners as well. You might even be able to partner with the coach! A lot of people do that.
You might also want to pick up the book It's a Whole New Business by Gene Trowbridge, which goes over a lot of the syndication terminology and details. I think this would be really helpful for you. Make sure you get the latest edition of the book! Good luck and happy investing!
Hi Paul thank you for the response, as per a coaching program have you heard of keyspire? I have no idea where to start to look for a coach. Its funny I just purchases this book from amazon yesterday, have you heard of it? I added "it's a whole new business" to my cart for my next read thank you. Have a great day Paul.
Post: advice for starting a syndication
- Posts 220
- Votes 67
Quote from @Jensen Escobar:
Hi Jason!
Another way to learn how to use other peoples money is to joint venture with someone. Although its not the same as starting a syndication it can be at a lot smaller scale which can be more forgiving for mistakes. They can bring in the money and you can provide the leg work.
That is not a bad suggestion thank you Jensen.
Post: Loopnet vs Crexi vs Reonomy
- Posts 220
- Votes 67
Quote from @Jason Thompson:
Quote from @Chris Seveney:
@Jason Thompson
Loopnet is where deals seem to go to die. Crexi we liked the way you can search that’s why
I agree, Chris. I prefer Crexi, it seems more user-friendly. Do you have much experience with Renomy, they allegedly have over 500M commercial listings.
sorry 50M
Post: Loopnet vs Crexi vs Reonomy
- Posts 220
- Votes 67
Quote from @Chris Seveney:
@Jason Thompson
Loopnet is where deals seem to go to die. Crexi we liked the way you can search that’s why
I agree, Chris. I prefer Crexi, it seems more user-friendly. Do you have much experience with Renomy, they allegedly have over 500M commercial listings.
Post: Loopnet vs Crexi vs Reonomy
- Posts 220
- Votes 67
Post: Loopnet vs Crexi vs Reonomy
- Posts 220
- Votes 67
I just wanted to know what everyone's thoughts are regarding these platforms for research; which one has the best value for the research?
Post: New Nova Scotia Investors- Multi family and BRRRR
- Posts 220
- Votes 67
Quote from @Jonathan Marmolejo:
Quote from @Jason Thompson:
Great feedback everyone. My wife and I are looking to develop oceanfront land new construction in the Yarmouth area, we have almost 10 years in real estate as agents and have boosted and flipped some nice waterfront homes back in Ontario. Anyone looking to connect or partner up I would love to hear from you guys. We have a young family so commuting to HRM is a challenge for us for now investment wise but you never know if the right deal comes around. Looking forward to hearing from you guys.
hi Jonathan thank you for writing me I have decided to Pivot more into larger scale multifamily residential what are your investment goals?
Post: advice for starting a syndication
- Posts 220
- Votes 67
Quote from @Stevo Sun:
Quote from @Jason Thompson:
Thanks for all the advice, guys. I have joined a mastermind group, but I reside in Canada so the group was small and dissolved to nothing. I have a limited network based on Bigger Pockets, primarily found in the United States. I have ten years of experience as a real estate agent. I have flipped two houses with my wife, and I have read virtually every book on the Bigger Pockets bookstore (see attached image). My wife and I relocated recently, and we are starting real estate in another Province, so we need two years of proof of income to qualify for a conventional mortgage. We have two children under the age of 2 and very little Equity to tie up in a deal. I've read the book "investing in real estate with no (and low) money down" and have been trying to find multifamily residential deals where the seller is willing to do a vendor takeback. I am working on finding Partnerships and networking out here in Nova Scotia. I am analyzing a deal a day and am determined to succeed for my family. Based on this information, any other advice would be very much welcomed. Thank you so much, guys; I appreciate all of you.
Would love to follow your progress on this topic. Fellow Canadian here, I want to caution that Canadian rules around syndication could be wildly different than in the states. I'm in Alberta, so ASC has rules around what's allowed and what isn't (mainly aimed at protecting the public/investors). Good luck on your journey! Post updates!
Post: advice for starting a syndication
- Posts 220
- Votes 67
Thanks for all the advice, guys. I have joined a mastermind group, but I reside in Canada so the group was small and dissolved to nothing. I have a limited network based on Bigger Pockets, primarily found in the United States. I have ten years of experience as a real estate agent. I have flipped two houses with my wife, and I have read virtually every book on the Bigger Pockets bookstore (see attached image). My wife and I relocated recently, and we are starting real estate in another Province, so we need two years of proof of income to qualify for a conventional mortgage. We have two children under the age of 2 and very little Equity to tie up in a deal. I've read the book "investing in real estate with no (and low) money down" and have been trying to find multifamily residential deals where the seller is willing to do a vendor takeback. I am working on finding Partnerships and networking out here in Nova Scotia. I am analyzing a deal a day and am determined to succeed for my family. Based on this information, any other advice would be very much welcomed. Thank you so much, guys; I appreciate all of you.
Post: advice for starting a syndication
- Posts 220
- Votes 67
Thank you everyone for your input and advice it truly is appreciated