All Forum Posts by: John Fortes

You can go to the SEC's website (link below) and review their definition of an accredited investor. Happy investing!

https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/updated-3

I'm sitting on both sides of the spectrum in deals. All depends on your time commitment. I enjoy doing both as I do have the time to do so. I know a lot of investors that just want to focus on the passive side so they can continue to spend more time with family, generate income to ease up on hours at their full time job, preserve wealth, grow their retirement savings, ect. For what ever reason, you have to come to a place that makes sense for you. So hearing all these different opinions and perspectives, you are just hearing it from someone's point of few that is at a place that they are comfortable. Decide what makes the most sense for you and start moving in that direction.

Happy investing!

Welcome @Michael Lin! You will definitely get a huge wave of book referral's from this community. Also, try searching because that's been a FAQ question and been answered several times over. Just check out some of the other forum questions' on book suggestions. 

Hope nail down another one in your target market. Happy investing!

Lot's of great nuggets here. By being a part of this community, you already believe that real estate is a great investment vehicle. Now you need to learn more about it and define your criteria. Seems like you have an idea of which markets you want to invest in but doesn't sound like you nailed it down to why. Lock that down and your next step would be to take the first step. Turn that into two, three, ect. 

It's about building the confidence to take that first step and then keeping it going from there. Happy investing!

Love that you are learning more about the investment vehicle and that you are moving onto step two where you are working your investment criteria as well as networking with sponsors alike. As long as you are comfortable with the sponsor (Brian has a solid reputation) and the opportunity meets your criteria, then it is your decision to move forward with the investment. Happy investing!

Professional advice is always better than many opinions. 

Colleen hit it on the head. If you can't get creative financing then you have to come with money to the table when you are dealing with traditional financing. This is the part where you have to figure it out after all of these comments. Best of luck to you and your partner. 

Best advice I can personally give is go in with not with a "how can I help you" mindset but with a mindset to get to know them. As you build the relationship, you will come to understand what they need and you can help even if its something small. Think relationship then help. Not the other way around. Best of luck to you!

All great advice, now a big decision from you. One advice is connect with a professional and have a conversation along with your CPA or accountant and see the best path for you regarding your options. Let us know what you ended up doing and what made the most sense for you. Curious how this ends even if you decide to keep it. Best of luck and happy investing!

I like that you have a plan but one thing I'd be hesitant is that don't most of these cold calls to turn into immediate investors. They are likely to feel you out and make sure they build the relationship upon any investment with you. This might take a full year to happen for some if not most. Every investor is skeptical, especially if met via a cold call. 

Think about it, if your a savvy investor how would you react if you received a cold call regarding future investment opportunities?