All Forum Posts by: Jonathon Weber

It's just a "fund" where people who don't have time or interest to do real estate on their own can put money in and make a decent return. It's not going to make anyone mega rich. From the videos his team posts it seems like a lot of the checks they send out are for a couple hundred a month or a little more than that. So you are likely talking about 6 or 8 percent returns. How significant that percentage is depends on what you put in it originally. 

For syndication he is on the smaller side and not a major player. For the Biggerpockets audience he is big. 

He has done well for himself and his family and his children aren't going to have to worry about money. 

Eventually what I think Grant Cardone does is take it all to a hedge fund when he retires and banks bank and sets up his kids for life and their kids. 

GBR baby!

How much money do you have to start with? That is the biggest question right now. 

It is true that a lot of young people are not able to afford a starter home. In fact, majority of them are not able to afford a starter home in 74% of the country. Instead they rent. Buy homes, rent them out. Buy apartment buildings and collect the rent checks. Renting is on the rise, home ownership is dropping. 

Hedge funds buy and sell on a daily basis, apartment buildings, commercial buildings, notes, etc. Their job is to grow the money that their investors put into the fund. 

Buying all cash allows for the fastest transactions to take place. 

@Steve Smithy not true. You are still paying the bank and there would be fees. It's likely you could see improved cash flow numbers for some properties. There is no such thing as free. Money is debt.

I have multiple streams of income and every time I have to go through an income verification process they don't even use all of my income - I give them everything and they work with it. But for those that they do select they verify it from the employer side of things. 

What you are describing is illegal. 

I'm only in the process of getting started as a note investor, but I can already tell the lack of a database, when approaching banks or investors to buy notes they try to sell themselves as a real estate investor and note investor and not knowing how to work the phones to get the asset manager, etc, on the phone, and waiting for money to talk deals.  

@Jonathan Greer he didn't pay much in taxes because of deprication. It's that simple. He didn't actually lose money.

Only $10k or $20k to start? Sure you can buy a note at $20k, but I get the impression, OP, you would be putting all of your money into a single purchase risk. Maybe get more cash reserves first. 

Be aware that the average person only stays in a home for 7 years and when you have to go through a foreclosure you may only have about 20% of those houses "healthy" enough to go back into the market without repairs and big cosmetic work to be done. 

I think, OP, what you should do instead is work with another note investor to get started and do a partial buy on a note instead of going all in right away.