All Forum Posts by: Jove K.

I have been investing in commercial real estate since 2016 and have built a decent portfolio today. I don't have a realtor license and work a W2. I am considering to focus on commercial real estate full time but I haven't decided if I will focus on syndications or being a commercial broker yet. 

I am considering going through the CCIM courses and getting the designation (I can submit a sufficiently qualified portfolio base on recent deals I did) for the following reasons:

1. I could learn how they teach people to analyze deals and compared to how I've been doing in the past.

2. Get access to the CCIM member network to hopefully get access to some off market deals and a community to market my own listings when I need to sell. 

3. Earn some additional credibility may it be me doing syndication or being a RE agent/broker later.

That said, for the foreseeable future, I will still be an investor for now so really the benefits I can see were the first 2. 

Did I miss any other benefits of earning the CCIM designation and being a member in the network? 

Thanks in advance.

Good idea, thanks a lot @Bill P. Also, thanks @Taylor L. and @Levi T.for the reminder that this is likely a security offering.

There are already a lot of great information on this forum on whether one's venture is syndication or JV so in case anyone who reads this one and have questions can refer to this post or this post.

I am working on my first deal (in Texas) with passive investors. We planned to create an LLC and have all passive investors be silent partners on the LLC while the active investors will be general partners on this LLC. We plan to have no more than 5 investors on this deal.

From talking to my lenders (a credit unions and a local community bank), they'd require over 50% of the LLC ownership to be guarantor of the commercial loan.

Is this common with most banks and credit unions? If so, does anyone know any other option besides hard money and private equity in the scenario that we don't have over 50% of the LLC ownership to be guarantors?