All Forum Posts by: Theo Hicks

@Marcus Holloway I interviewed a Boston investor on the Best Real Estate Investing Advice Ever show last week who had an interest strategy for building his team. Rather than working with separate sources, he would make sure everyone who worked in his business were connected.

For example, once he found a lender, he asked them for a broker. Then, he asked the broker for an GC referral. Then, he asked the GC for an architect referral. And so on. That way, everyone on his team was holding someone else accountable since it was their referral. Just something to consider as you are starting your business.

Hi Sophie,

The REIA group down here is nice. But I would start your own meetup group!

Use a combination of the historical expenses and your property management company for the expense assumptions. Perform a rent comp analysis for your income assumptions. 

I would reach out to local commercial real estate brokers. 

CoStar will have owner contact information. You can also obtain a list on the county auditor/appraisal site and skip trace to get the phone number.

I would list on as many sites as possible, not just Loopnet. And as Charles said, attend local meetup groups and let them know about the listing.

Driving for dollars is a solid way to identify physically distressed properties. If you are looking for deals out of state, have your close friends or family "drive" for you

A deal qualifies as a syndication of the one person/persons actively manage the deal and another person/persons passively invest. 

So, in your example, if you have 5 people who will invest and actively participate in the deal, it is a JV not a syndication.

But as others have said, I'd speak with a securities attorney.

I use Cozy.co. Allows you to perform background checks and credit checks and pass on the costs to applicants. They have application templates and a great rental collection system as well.

@Chase Louderback ah yes! If you find a broker you really like, use their management company (after an interview of course). Great way to strengthen your relationship with that brokerage as well.