All Forum Posts by: John Fortes

@Greg Dickerson is a serial entrepreneur, real estate developer, coach and mentor. Greg actively works with passive investors through his various projects in real estate. Whether its custom homes to commercial development, tune in to hear how investors benefit from Greg’s expertise.

Greg Dickerson

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Haha "experience" wins. They can have those. I know where our threshold is and I know you preach that. Keep doing what your doing with your mastermind group. Love what your doing Todd!

Spent a few years reading and learning but connecting with others in the game. Then I personally started investing and have not stopped since. Timeline in everyone's case is different but took me a few years because I wanted to understand if I could truly understand the stock market where majority of my capital already was. Once, I realized I was spending too much time trying to learn something instead of focusing on something that I truly understood with real estate... That was the shift. The trick from there was to get out of my own head and go for it. Had the support behind me as I mentioned, I network well my whole life and was able to ask questions and get feedback from those doing it around me. 

Happy investing!

Being young you have time and energy. Outside of that, what can you buy today and flip tomorrow on a smaller scale outside of real estate? For instance, the sneaker industry re-trade market is huge and some re-sellers make upwards of $250K a year. Find a hustle and move the capital into passive investments. The idea is work hard now for the quick flip but move the proceeds to that slow long game. Once you get going, you will eventually passively invest yourself out of the hustle. 

Happy investing!

 Well said! Todd! I'm not in the business of just getting deals under contract. I'm in the business of revenue. Keeping that in mind and my criteria, often times submitting offers stating that this is our best and final. That draws the line in the sand stating that this is it and allows stick to our criteria as not every deal pencils out once its countered by the seller/broker. 

That means the world to me my brother! Truly appreciate you. Thank you!

My man @Tj Hines I totally agree. My intention of this convo was not to impose the fee them to death structure as you laid out the 5 fee's being charged. Completely understand. Love what you are doing and building. Love having these discussions and just because we are not currently including a dispo fee does not mean it will not ever be included in future opportunities. As of now, we don't. 

Thank you for the counter argument and keeping with the conversation brother. Iron sharpens iron. 

Passively investing on the LP side will still be a benefit for you in the long run. You might not be in on the GP side till you form some sort of relationship and history with the operating team. Investing passively will get you familiar with them and accustomed to what they are doing. 

With that said, if you start fresh you will most likely be in on the GP side with newer investors, learning as you go type of situation. 

There is that exception that you might find a team that accepts you on a small and I mean very small part but for your $100k trade off, might not be worth it. 

You can also spread out your capital into 4 separate deals ($50k) opportunities and plug in with those operators and see which ones you gel with best. 

Happy investing!

The Third Door by Alex Banayan!

Truly it's what defines you and your companies vision. Have fun with it or get straight to the point. 

Happy investing!