All Forum Posts by: John Fortes

My outlook is always the long game! You'll reap the benefits efficiently if you play the long game. Has anything ever ended with a good result when rushing?

If you can speak with a lawyer and your CPA or find someone that specializes and is well versed in this space, that would help you regards with information. 

All depends on your goals. Do you need that capital immediately? Do you  and your partner need a home or are you willing to rent? All these things need to be addressed before you can answer your own question. If you're willing to rent, consider house hacking a duplex, triplex, or more... Look for something with deferred maintenance that you can force appreciate. 

If none of those options are of any interest, then you can consider syndications. 

@Samantha A. congrats on your abilities to save. Sounds like you have a real successful business there. 

I'm sure you have received a bunch of different avenues but would like to tackle the one you mentioned regarding syndication. 

If you partner with someone and provide the up front capital (EMD, due diligence, ect) you can get in as a partner on the GP side of a syndication and leverage the operators experience and learn side by side with them. You should consider this as well as the other alternatives others have provided for you.

Love this story. Its great that when you understand your investment you take the plunge and dive in. Most people understand real estate but still sit on the sidelines. Congrats and I'm looking forward to the update. Excited for you and what you have achieved. God bless!

The stuck part of this is the lack of education. Some feel that real estate needs to be entirely owned as part of their mindset. Some have not been educated or explained that group purchases are something to consider. With that said, they might think its more of a hassle with pulling funds out of the market as well. Its how you can help them transition into this mindset. Some structure their portfolios as such 70/20/10 thats percentages of stocks/bonds/cash or a mixture similar to that. The thing is learning from the soft no's and building on that. 

With risk comes reward but with comfort comes peace of mind. Institutional is protecting themselves with these provisions in place. Just have a full understanding and vet out all sponsors on the deal. As they are protecting themselves, you want to know everything about everyone involved. 

Everyone has provided great content on this and I'll touch on something that might help you. Start with your inner circle and just gauge their interest. You don't want it to come out of the blue so start bringing up real estate investing as one of your interests and share what you have been learning. Let this come out naturally. The closest ones to you usually are the ones that contribute because (like many have mentioned) they trust you. Once your friends and family and close associates start to take not notice and see that you can talk about it intelligently, you will be able to raise. 

I've seen many raise on small duplexes to big multi-million dollar buildings and its all followed one theme, trust! 

Everyone's provided great suggestions but at the end of the day you would have to commit to something that will get you to that end goal. You are asking the right questions. Once you commit to something and build your capital, you can transition to passively investing as that would help keep capital coming and you can be more hands off to go pursue the things you love to do. 

We all are here because we believe RE is a key contributor to ones wealth and financial growth and independence. The more we learn the more comfortable we will be with our investments. Just keep educating yourself on the various ways to either pull from that equity and the various ways you can invest that capital. Good luck!