All Forum Posts by: Marjeanne Fields

Thank you everyone for the comments and suggestions. @Brian Burke I hear you. But I do not get to make this decision. Our sponsor is requiring a 506C. She has stated that she should have the funds to be able to close this deal. I am excited to use this 506c to bring more awareness to our company and grow our database of investors. @Amy Wan do you have any advice or suggestions on growing the database? 

BTW- you guys rock! Thank you again for the conversation this is so amazing. 

@Amy Wan Thank you for the advice. Good to know the basics and I am hearing the atty will review the advertising. 

Hi BP community. We just got a project under contract in Atlanta. This is a large deal so we will be filing a 506C for the syndication on this one.

Just wondering if others have used advertising in the past on their deals. Any tips/ tricks that you found helpful? 

Also looking for more info on the specifics for where you can advertise, and what you can say. Obviously we will be working with an SEC atty on this, but wanted to hear opinions from the community on their experience. 

Thanks in advance!

@Vee L. We joined the RE Mentor family last March (2018). Since then we have closed on two properties (117 units total) and under contract on three more (360 units, 48 units, 89 units). The only reason we have been able to be successful is because of the education we gained through RE Mentor. Was higher than some of the other groups, but was also a lot more thorough I feel than some. This is a group that truly cares about their students. Although Dave no longer teaches, he employs top producers to teach and coach the students. In no way did I feel like I was missing out by not having Dave as our teacher. The teachers and coaches all have to own a certain amount successfully before they can be on stage. Overall I would give the Lindahl Group 5 stars. 

Love your story! Follow you all over social media and absolutely love what you guys are doing. Would love to partner up some time. We currently have three deals under contract and always looking to partner with like minded people. 

Keep up the great work!

A lot of information is out there on this subject. Highly advise getting to know this. There is a ton of confusion. Neal Bawa does a lot of educating on this particular subject. 

Yes you can. We do this all the time to gain interest. You can not talk about specific deals, nor can you "prime the market". Meaning you cant say "we typically give (x) returns". You can talk about the benefits of investing passively in real estate and direct people to whatever action you want for them to raise their hand. Keep it vague and informational. Nothing specific especially on the returns. 

We look for what we call the "holy trinity". This is 12% Cash on Cash. 1.6 DCR (Debt coverage ratio) and min 7% Cap Rate. The IRR will change based on how long you hold the property. We always look to give our investors 17-21% IRR.

We just got under contract in a deal in Atlanta (over 300 units). Have not yet operated though sorry. Hard market to break in to. Make sure you have GREAT broker relationships. Stay away from Macon. 

We use 60% expenses to be conservative and account for the unknown/unseen.