All Forum Posts by: John Fortes

 Love this concept of holding off on the pref till the value add has been completed and stabilized. 

@Gino Barbaro we are offering 7% on our current syndication of 41 units. I've seen 6%-8% but heard they have been higher in the past but haven't seen those higher offerings. 

Hello Sandra! Welcome to BP!

I can't tell you much about investing out of the country. From what I hear, other countries invest in RE in the US because of the returns. With that said, why not using 100k to test the out of the country investing and see if its to your liking. Doesn't have to be 100k just something to provide some proof of concept. 

For instance, if you took 50k-100k and invested it out of the country, took another 50k-100k and invested it here in the US and compare the returns. There are plenty of was to invest passively or actively. Researching syndicators buying into the business opportunity through multifamily, be the bank and fund fix and flips (I know you said you don't want fix and flips but the returns could be in your favor), purchase multifamily apartments on your own. It all depends on how busy your lifestyle is to be active or passive in your investment strategy. Hope this helps, good luck, and God bless!

Deals are still out there. Just have to devote more time to finding them. 

Also, there is the option of passively investing in syndications for passive returns. Most people don't consider this as they want to do it all. There is nothing wrong with doing both that contributes to the passive stream one is seeking to acquire to build their financial fortress. 

What most people don't come to grips with when you want to scale up quickly in multifamily is the value of relationships and partners. Other like minded individuals seeking to do what you want to do and joining forces will help you get to your end goals and theirs faster. The real value is in the partnerships and scaling if you are looking to go big. 

Learn how to underwrite a commercial multifamily. Its different than residential. 

Welcome to the community Nick! Glad your here. Below are some steps you can take. You'll learn more by doing or investing passively in other bigger deals. Please feel free to reach out. 

1. Educate yourself! This is going to be what you do for the rest of your life as you constantly tweak and insert what you learned into action.

2. Analyze as many deals as possible. Keep reviewing and learning how to spot a good deal from a bad deal.

3. Connect with like minded people.

4. Talk about real estate! Be vocal and intentional with your conversations. You never know who is interested and needs help. Since you have educated yourself and analyzed deals, great chance to partner with a money partner on that front.

5. Raise money for your own deals.

6. Find deals for others. Also known as bird dogging.

7. Invest in someone else's deal or syndication. Learn from the process and get involved someway, somehow. This allows you to earn while you learn by investing passively in their deal.

8. Find a mentor and volunteer to help them for free. Add value to someone else for free education and building a friendship/relationship.

9. Write a blog, start a podcast, start a YouTube channel, or do all 3.

10. Be active on your social media platforms and create your own brand.

These are not step by step processes. Just guidelines to help you get to your end goal. 1, 2, and 3 are crucial but everything else tackle it in your own way and process. Just do it. Hope this helps, good luck, and God bless!

Thank you @Gino Barbaro, @Alina Trigub, @Brian Burke, @Holly Williams & @Matthew Baltzell! Love the honesty, advice, encouragement, opinions, and authenticity you all provided in your posts.  

Sponsoring a golf tournament was something I considered as well. Love the idea of it during tax season. Starting meet ups and operating my assets like a professional is of very importance as well. Show and prove, get things done, and providing value to investors are my main focus while trying to be creative. Thank you again for your insights. 

We are currently in the process of implementing non refundable move in/transfer fees and going away from security deposits. The move in/transfer fee is lower than the typical first, last, security and implementing this is already being down in the state but not in our current area. 

Everyone has their own style and process that works for them and their area. 

Highly unlikely as it has been mentioned above, the cash you provide is not liquid. 

The GP determines when to refinance upon the business plan. If the GP decides to sell earlier than the original exit date provided on the executive summary, its is in the best interest of the LP partners and the value is there for the taken.

Your assumption comes off that the GP can borrow against it but remember the capital borrowed against it is generally returning capital back to the investors prior to the GP receiving any portion of it. Does this clear that up?

 I appreciate you brother! That is already in the pipeline and we are moving on the meet up in Florida and Massachusetts. Thank you for always teaching and preaching. Be well and God bless!

I think you are doing good by partnering. Also consider investing in syndications & JV opportunities for longer hold plays outside of just the constant flip.