All Forum Posts by: John Fortes

Relationships, is the key word. 

Start with those close to you then network from there. Its not who you know but how you know them. Then it becomes who you know. 

You mentioned inherited so I can imagine you lost someone important to you. My condolences. 

I can appreciate a Boston native. curious if you've converted over to any LA teams (sports wise ha). 

Think you are tackling it correctly. Working with a few options to be able to decide from. With the last option, @Greg Dickerson might be able to provide more insight as I know he likes to have cash on hand. What say you, Greg!

Thank you for your service! Story is aspiring and I love how you want to pass it down to your son. I have one question that you should consider. What if your son wants nothing to do with being active in real estate? Do you have a plan to teach him that he can also be passive? Just playing devils advocate here. 

Welcome to the community @Kushal Shah. Having an infuse of capital, there are a ton of options for you. You can invest actively as you suggested with 20-30 units but you can also invest passively in a syndication and have a hands off approach. You can achieve the same benefits investing passively, especially if you still enjoy doing what you currently do for a living. Just wanted to toss that option out there for you as well.

If you take the hands on approach, you may find yourself having to do more work. Just consider that as well as a first time. Investing passively till you gain more confidence will allow you to build to branch out on your own. You can also do both looking to invest half (active) and half (passive) and seeing how it works out for you after a grace period. See which one tickles your fancy. 

Good luck!

My man @Jorge Abreu making the rounds. I see you!

As these are great questions a passive investor should ask a deal sponsor, its quiet frankly more so for them to gain comfort and confidence in the sponsor. There are a list of questions and you can just toss them at a sponsor but the most important aspect is sorting through a list and picking out the 5-7 most important questions that mean the most to the valued passive investor. This will vary from PI to PI. 

Summary, investing passively and qualifying a sponsor, ask the questions that mean the most to you. 

Like many others have mentioned, its better to have peace of mind than worry through the night. Link up with a SEC attorney and get it ironed out. Good luck!

If people trust you your most likely to raise the capital. With that said, start with your inner circle, friends and family. That should be your first step. 

The more money you have the more you start to understand and speak the language of investing. We all learn from some place or point. Some with $1MM can do multiple things than the average person jumping into wholesaling with goals to scale up to possibly syndication. 

Once at the syndication level with $1MM, one can either invest passively by seeking those returns you strive for, sign on the debt as a KP with liquidity, or both. 

Congrats @Mitchell Pollard! I would say more but my guy @John Casmon said it all!

Who models your belief's and is actively doing what you want to do/achieve/hope to be? Ask yourself those two questions and research them out. There are some good programs if you want to dabble in those before you sign up for their mentor programs. 

As many have provided great content just keep in mind that because you hire a mentor doesn't mean the learning stops. You are still accountable to go out and devour everything you can to gain that experience. Also put it into practice.