All Forum Posts by: John Fortes

You're doing the first step by being a part of a great platform here at BP. 

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. 

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!

God bless you and your efforts brother! Keep grinding it out! Love this!

Just finished working out! What are we talking about here? Someone provide me the cliff notes, please! J/K

Everyone is different but for me its a mixture of lack of working out, eating habits get lazy, and meditation gets overlooked. Once I sync all that back I'm good and in flow. 

Originally posted by @Alina Trigub:

@John Fortes I'm not I completely understand your question, are you asking why people refrain from using their SDIRA/QRP money to invest in someone else's deals as LP's? If that's the question, a lot comes down to three things:

1) the deal, 2) the market, 3) the sponsor. If you all make sense, then I don't see why investors wouldn't invest. 

Not asking a question just starting the conversation. I was not insisting on anyone not using their money in such a way. They do what they want to do. Just want to understand the mindset more than mistake it for anything else. I appreciate you Alina!

The Multifamily event I just attended with many of you in Nashville made me realize the value of partnerships. Everyone brings a different element to the table. We all have our own unique "set of skills" (said in Liam Neeson's voice). So many of us use self-directed IRA's (solo) or GRP's and obviously can't invest that in our own opportunities. But we can help someone we are familiar with on the platform out in their deal as they are raising capital.

This doesn’t get talked about too often from what I’ve seen. Some people are bringing some great deals to the table and there is push back for whatever reason, as they don’t want to sit on the LP side of things. It could be that they are preserving their liquid capital for their own deals and I get that but what is the reason for the self-directed (solo) or QRP funds being with held? Just trying to understand this a little bit more.

@Ben Leybovich I understand what your trying to get at! But I wouldn't compare it with flipping houses. It is something that takes time to find the right opportunity. With that said, that's why some are scaling bigger and bigger with almost each new deal. You grow as you go!

@Tim Gathers sup buddy! Great meeting you this past weekend! Feel free to call me any time and I'd be happy to help you navigate the process. It's a lot to digest so as everyone has mentioned in one form or another, begin passively and learn the ropes. Most if not all syndicators will be happy to teach, review, discuss the process at every step and level. Look forward to hearing from you soon. Be well and God bless!

Congrats and now onto the next one. I appreciate you sharing! God bless!

@Christopher Christian love your goals! Could you get into a firm at a lower position and get the to fund your school expense? Most companies offer a tuition reimbursement. That way you work/school at the same time. Just a suggestion.

@Michael Doherty It all depends what your end goal is. Is it to raise capital to invest in more deals. Then speak about it. You don't need to disclose the numbers to everyone. As people see your passion and success you will gain more trust and also be known as the professional within your circle of friends and family. If your just building your retirement to walk away into the sunset and not have to worry much about anything then you can just mention it in passing but not diving in. I may have missed a few points or another but those are the two that immediately jumped out. Hope this helps!