All Forum Posts by: Paul Moore

Hi @Deepak Manohar! It seems that the consensus above is that you should stay with syndicated deals. I completely agree. I am in my third decade as a real estate investor, and knowing what I know about how hard it is to manage a deal, I would absolutely go with professional syndicators, who have teams of people, experts, technology, and processes to acquire and manage the very best deals. And this is especially true since you have a full time job. Why take on a second job that has significant uncertainty of success when you can invest with experts. This is assuming that you continue to invest with great syndicators with great teams and properties. Happy investing! 

Hi @Marc S. You got some really great answers here. I agree that you would want to look at what your goals are for the investment (cash flow, depreciation, etc) One question to ask a potential syndicator is in regards to their due diligence process. I would suggest reading The Hands-Off Investor by @Brian Burke, as well as listening to his podcast from April 2020. This episode gives an overview of his book and may answer a lot of your questions. Feel free to reach out to me if you would like to learn the 27 questions we ask to vet syndicators. Good luck!

Hi @Timothy Davis!  I would suggest reading some books as a start. I would be happy to email you a PDF copy of my book, The Perfect Investment. This is a book I wrote about multifamily investing. Finding a mentor is a great way to learn as well. I would suggest looking at mentoring choices that align with what you are planning to do. Feel free to DM me if you would like to learn more. Feel free to send me a PM if you think I may be able to help! 

Hi @Owen Dashner! You have gotten some good answers here. Two standard ways to get this verified will be either through a CPA letter or a service such as Parallel Markets (mentioned below) or VerifyInvestor.com. Usually a CPA letter can be drawn up quickly. Parallel Markets will usually ask a potential investor for documents to verify the information. Good luck! 

Hi @Cal Martin congratulations on your success its really hard to make money in mobile homes, good job.

I would take that 80k and invest it in whatever you are most passionate about. That could be education or it could be investments in the realm of house hacking, flips, passive syndications or funds, or a dozen other things. Its really up to you. Congratulations on your success.

Good luck and happy investing!

Hi @Jesse Carmack you got some great advice above from a true professional, @Ian Ippolito. If you’re accredited you should definitely check out his Private Investor Club within the Real Estate Crowdfunding Review. They have lots of great options there and thousands of people who have given feedback on operators and investments.

Good luck and happy investing!

Hi @Eric Grunfeld great question. @Henry Clark is a wealth of information, I am glad you are connecting with him. There are several great resources out there.

First of all check out @Scott Meyers at Self Storage Investing. I wouldn’t recommend buying a facility until you have invested in training, Scott has some great training. You might also want to check out the Storage Rebellion with @Michael Wagner.

BiggerPockets has done at least 2 podcasts on self storage. One was July 3, 2018 and the other was November 19, 2021. BiggerPockets also published a book on self storage in November 2021. You may also want to check out AJ Osbourne’s book Growing Wealth in Self Storage and his podcast.

Happy investing!

Hi @Lynn Anthony I am not sure why some people above beat up on you. You are in a very similar situation to most of my firm’s investors. People invest passively in syndications and funds because they have a life, a career, a family, and don’t want to have two jobs.

If you’re not an accredited investor there are limited options for you to invest passively in syndications or funds. However I would still recommend going this route. Once you go through the pain of finding the right place to invest, it is hands off after that.

You might want to check out @Jim Pfeifer’s Left Field Investors to find some opportunities for non-accredited investors. If you are accredited however there are a lot of opportunities available at Left Field Investors, the Private Investor Club as part of the real estate crowdfunding review, and much more.

Good luck and happy investing! And thank you for serving the next generation of our kids.

Hey @Brett Miller I agree with all responses above. @Frank Rolfe experience is similar to mine. I am in my third decade as a full time real estate investor. The three worst investments I ever made were in mobile homes. The best investments I ever made were in mobile home parks.

I have so many stories about the horrors of owning mobile homes. Like @Jack Martin said sometimes they come with the purchase but when they do come I recommend you sell them off to tenants as soon as you can. You will be glad you did!

Happy investing!

Hey @William Joel Idleman your an expert financial planner and its great that you have the humility to admit you don’t know everything. I would recommend you connect with a few experts in this arena as well.

There is no one better to connect with than @Dmitriy Fomichenko. I recommend that you connect with him by phone and let him explain some of the pros and cons and answer all of your questions.

Great job reaching out for help and if you speak with him or others, it would great if could update this post after doing some research!