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All Forum Posts by: John Fortes

John Fortes has started 58 posts and replied 580 times.

Post: Rookie with 50K, become a private lender or purchase a rental?

John Fortes
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 603
  • Votes 347

Per your post and replies, sounds like syndication is a viable option for you. You don't need the principal back in the near future and the passive returns would be beneficial. 

You can also seek more education as well and learn more of what you want to generally want to do and pursue. 

I don't know what your experience is with the BRRRR method but if you are comfortable with that option and experienced you could manage that option as well.

It always comes down to time and experience. Do you want to put the time and effort into this or that and do you carry the experience to follow through. Good luck!

Post: Windsor Hills: Orlando Rental Syndication

John Fortes
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 603
  • Votes 347

I agree with @Erik K. that you should JV this opportunity. Look into lending options and terms if you are using it for short term rentals. I hear they can be tricky but don't let that discourage you. Happy to see young minds going after theirs.

Post: Syndication and Small Multifamily Homes

John Fortes
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 603
  • Votes 347

Cringed reading the first part. Be safe when raising capital. Do your homework and go about it legally. Lots of great content in the defense that came about. Reach out to the professionals (SEC attorneys) and learn what you can and can't do. Just be conscience whenever you are raising capital. 

Thank you @John Casmon @John Corey and @Mauricio Rauld for providing the perspective because this was getting out of hand fast. I appreciate you!

Post: Strategies for a kitty of 2M

John Fortes
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 603
  • Votes 347

Sounds like you found your niche. If you thought about exploring other possibilities, perhaps consider splitting it up into third or fourths and exploring those other options while continuing what you are primarily good at. Just a thought. 

Hope your private messages aren't getting banged up per @Jeff S.! God bless!

Post: How to start a lending business

John Fortes
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 603
  • Votes 347

Thank you for serving!

@Jay Hinrichs

@Jay Hinrichs just laid it down. 

Post: Advice on Mentor Programs. How to vet them?

John Fortes
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 603
  • Votes 347

You're better off reading and listening to podcasts than committing to those salesy mentorship programs. If you do your homework, you can find great content or even a few mentors on this platform. 

Post: Commercial: how to get started?

John Fortes
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 603
  • Votes 347

Tons of education out there... all depends on what side of the field you are looking to play on. 

Post: What should do a new investor with $50k in today’s market ?

John Fortes
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 603
  • Votes 347

Hello Igor, do what makes you feel comfortable. Learn as much as you can about that opportunity that you venture into. 

Syndications aren't just for accredited investors. You can invest in a 506b offering if you have a relationship with the operator. Figure out which path you want to go down, educate yourself about it, and do it. Its all personal preference. 

Post: Getting into Commercial Real Estate

John Fortes
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 603
  • Votes 347

Thank you for your service! 

Educate yourself as much as you can. Look for meetups to attend and network with those members there. Starting small can be as simple as building your education. Good luck!

Post: How to raise money from strangers

John Fortes
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 603
  • Votes 347

It's essentially stating that you have to have some sort of a relationship with your investors. Basically establish a relationship with new investors prior to ever having the deal under contract. If you have a deal under contract and meet a new investor, don't offer them that deal. Build on that relationship for your next opportunity.