All Forum Posts by: John Fortes

Thank you for nailing it @Alina Trigub. @Austin Works at the end of the day, you want someone you are comfortable with after you due that sourcing. Who knows, you might enjoy passive investing more than becoming a syndicator as it might free to you to do something you truly love to do on a daily basis. Knowing you have that capital to work and putting it to work consistently will free up your most valuable commodity, that my friend, is time. 

It all comes down to your this:

• How much do you have?
• Do you love your current day job?
• What are your other passions?
• Do you currently invest in real estate and are you active?
• If yes, do you like all that comes with actively managing your portfolio?
• How hands off do you want to be?

There are a few other ones but start with those and define what that is to you. Investing passively frees you up to do what you love all while your capital is working and sweating for you. Hope this helps. 

Plenty of doctor passive investors. I personally know Peter of Passive Income MD and he has a great blog. I'll shoot over the link or just simply google it. 

Per @Alina Trigub consult with your professional CPA/tax accountant. 

Look to JV the deal. Find people interested in a JV rather than wasting your time trying to syndicate a $400k deal. Good luck!

Lots of experience in these forums. Try the search function as well. I know many of these fine people of BP that syndicate. I'm sure you will start to find them as well. It's like when you are thinking of buying a particular car, you start noticing them all over the road. Welcome to BP!

@Joe Fairless = Genuine and knowledgeable

Investing passively is the best way to learn the model as you will have an eye on your capital and learn from what the sponsor is doing. After a few investments and other means of education, people start exploring options and ways to get involved. This then turns into getting your own deals. 

At the same time, everyone learns differently so if you learn better by having guidance, then consider a mentor. 

Give you an idea of what we did. We did not form our LLC till we had something under contract. Don't pay for something you don't need just yet.

What you described was more active than passive. If you are considering to go passive, the operators tend to share in the tax depreciation as well. If continuing to buy and hold with singles gets to cumbersome, you can switch to passive and have more of a hands off approach as you continue to work with experienced operators.