All Forum Posts by: John Fortes

I just attended a multifamily conference in NY in January and asked this question to one of the panels and each listed 5% as sponsors of the deal. Everyone on the panel had a track record as well. 

If you don't want to take on more responsibility of holding more properties even with the added PM managing it, then you can consider buying into LP sides of syndications and just keep building the wealth with that hands off approach. What ever avenue you choose, wouldn't be a bad one as you have ton's to work with. Everyone is providing great responses and the path you decide on is going to be the best option for you as its a personal decision. Plenty of ways to skin a cat in this profession and I wish you well. God bless!

When your completely hands off investing, keep going as you are finding opportunities to create more passive investing. Why would or should age be a reason to stop? I guess if you are truly satisfied where you are is the only true real answer to that. I honestly don't know if there is a real answer to this out there as I think its a personal decision. 

With so many to choose from, its best to listen to 1-3 podcasts from each top one and continue to listen to the ones that fit you and your business aspirations best. To many good ones to just list off without leaving out a few. 

Unless he's comfortable lending I wouldn't recommend hard money lending. He probably won't have the interest to attend every RE meetup as well. He's going to have to want it on his own and want to do something on his own volition. He just needs to educate himself or provide him with the proper content to educate him. 

Or best way for him to see it is to show him some of your opportunities that you have in your portfolio.  

Unless you know exactly what you are going to invest in and have selected the opportunities that fit you. You could sample a bit of everything from lending to fix and flippers for 12% returns to investing 50k-100k in a syndication. Obviously there are many more options in-between as well. You can also be a guarantor on syndications as well. There are all types of ways to go about things in this business. Dive in and play around with it.  

Often times I'm asked about partnering and structure... Here are some guidelines that can help.

4 parts of a deal to make a guideline on who gets what: 

1) who is bringing the funding 

2) who is doing the work 

3) who found the deal 

4) whose experience/network is being leveraged

Also, you can either each go in via capital contributed and give the founder of the deal a little bit more of a slice of the equity for the finders fee. 

To piggy back off Theo! BRRRR can be done passively with light to high value add passive investments. Just vet your sponsors accordingly and keep living the life you both are currently living with the hands off approach to get to your goals.

Great question!

• Read more (in my 20's I hated reading, now its all I do)
• Learn fast, faster, fastest and always be willing to learn even at the risk of failing
• Trust your gut
• Just start and don't wait for things to be "perfect" as nothing ever is and never truly will be. 

Love this question!

The best thing that happened is you self educated yourself on today's standards and you assessed your criteria of what it means to be at your goal. Proud and happy for you. Also, thank you for bringing this to light as this is always a good reminder of doing what you should be doing as opposed to what you normally would be doing.