All Forum Posts by: Melanie McDaniel

Let's get together to talk about real estate! I don't know about you, but I need some investor interaction. Let's meet at Camel's Back Park for a low-key gathering (of 50 or less, shouldn't be a problem). Wear your mask, please! BYOB or drink and BYOF if you want it. If someone has a volleyball, we could get our game on! Bring a blanket to sit on in case we can't snag tables. This will be a fluid event depending on how many plan to come, so please RSVP and I will give any details Monday afternoon as to where we will meet and what we will be doing. 

See you there!

Melanie 720-240-7779

I created a course that gives real estate agents a blueprint for building a profitable business by specializing in the investment property niche. There will be no cold-calling or door-knocking, but you will learn how to generate warm leads by providing value to them first, then by creating a community where you are the authority and the "glue" that keeps the community strong. I struggled my first six months as a new agent, but after a lot of trial and error, I found a system that worked and I quickly became a top producer and rookie of the year. I created a course that shows you step-by-step how to build your real estate empire.

@Joshua Dorkin and @Mindy Jensen, any word on an affiliate program yet? Just keeping this 5-year-old thread alive!

Thanks!

Hey Michael! Did anyone respond to you? I have the same question.

@Trey Knight

I have to be back in Phoenix on the 16th, so it should be this weekend sometime. When I nail it down I’ll let you know. I look forward to it!

@David Garcia

Do you think you are accredited and just need the verification letter, or do you mean you need to get your income and net worth up? Accredited means you have a net worth of a million or more, not including the home you live in, or you make $200k a year, or $300k if you have a spouse. You can get a verification letter from your CPA, financial advisor, or even online with a company like Verify Investor. By the way, you don’t have to be accredited, you can invest in 506b offerings with someone you have a substantive relationship with. I’m not accredited and have invested in a syndication.

@Charles Seaman thanks for the response! It looks like @Trey Knight is out of St. George which is five hours south, but if that is where he is, I'll be going through there over the weekend on my way back to Phoenix. My Grandma lives in St. George. Interestingly, I love the Charlotte market as well! Are you a syndicator in NC?

I'm a huge fan of syndications because as a passive investor, you get all the pass-through tax benefits which often wipes out any taxes from any passive income in your portfolio (check with your CPA). When I look at what general partners vs. limited partners (passive investors) make as a return, it makes me laugh because the limited partners really are getting a better return when you look at the whole picture (effort, expertise, risk, activity). I went to BEC20 (Joe Fairless's event in Keystone) and one of the speakers made an interesting prediction. He believed up until recently, LPs were getting more of the benefit than the GPs, but due to this strategy becoming more mainstream, that may flip to the GPs getting the better end of the deal because so much capital wants to get involved. My point is that you should choose your syndicator/operator/General Partners carefully, and make sure the returns are balanced, considering risk, effort, expertise, and activity. I came from the single family space, and after a horrible eviction from my turn-key rental which cost me a $10,000 education, I'm happy to scale up where the professionals play--professional GP team and professional management and economies of scale. I love all real estate, but my comfort is in the big stuff.  : ) At the end of the day, the most important piece of the puzzle is the team/partner, regardless of the size of the project, so do your due diligence on those people.

I am in Salt Lake City this week, and I would love to meet some syndicator/operators who do value-add, C and B multifamily acquisitions. I'm looking for solid players in my favorite markets. Please reach out to me so we can grab a coffee/tea/whatever beverage you choose. I'm a full time investor/operator looking to grow with other great people/companies.

 There is a lot of dumb money out there, I see it every day. There is so much capital out there with aggressive underwriting, there will be a buyer.