All Forum Posts by: Paul Moore

Hi @Eric Grunfeld, I agree with @Zachary Inman post above that you need to look at the operator first, market second, then deal last. You are going to want to do very detailed due diligence before stepping into any deal. In order to do that due diligence I recommend the following 3 resources...

First of all I would want to direct you to @Ian Ippolito Private Investor Club. This is part of his Real Estate Crowd Funding Review. @Ian Ippolito is a master at due diligence.

You should also check out Jim Pfeifer’s Left Field Investors. Jim is very active on BiggerPockets and he has a community of people dedicated to performing due diligence on passive commercial real estate investments.

If you really want to dig deep, you should get @Brian Burke’s amazing book on due diligence called The Hands-Off Investor. BiggerPockets published this detailed manual in 2020. This will give you incredibly detailed information on performing due diligence on passive investment opportunities.

Happy investing!

Hi @Matthew Rembish I also got started in self storage through Scott Meyer’s program. His materials are excellent and I highly recommend them.

You may also want to check out AJ Osborne’s excellent book, Growing Wealth in Self Storage.

I’m glad you connected with @Michael Wagner above with The Storage Rebellion. I am sure he will point you in the right direction!

Hi @Brandon Beaudoin this is indeed a tough question. As @Chris Seveney said above, I would re-invest them in the fund if you have that option through a DRIP option (distribution reinvestment plan). I invest my distribution from my own fund back that way and about half of our investors are opting for that as well.

Since I can't invest my IRA funds in my own deals, I am looking at Tribevest as an option to re-invest IRA distributions along the way. Tribevest allows you to set up an LLC with multiple investors, which effectively lowers your personal minimum investment. So if you have say $20,000 sitting around from past distributions you might be able to join say 4 other people through Tribevest and make a $100,000 dollar investment. Or perhaps dozens of other people to make a larger investment. The accreditation rules are still the same for each individual but like I said, it lowers the minimum.

PM me if you want more information on that. Or reach out to @jim Pfeifer at Left Field Investors. I know he has done this numerous times.

Good luck and happy investing!

Hey @William Thing! I’m glad to hear you enjoyed the book and podcast. As @Michael Margarella mentioned, AJ Osborne also has an awesome book and I recommend his podcast too.

As I mentioned in the last one third of the book, I recommend getting a coach or mentor and joining a mastermind. I see in your second post above that you offered to connect with somebody for mentoring. That’s great. You should also connect with @Scott Meyers. Scott has some amazing resources and training in this space.

If you’re in an area where there are self storage owner/operators, I would walk into their office and see if they have any opportunities available for mentoring or employment.

Good luck and happy investing!

Hi @Jermaine Johnson, are you interested in being a syndicator or investing in a syndication or fund?

I recommend checking out @Whitney Sewell’s podcast called The Real Estate Syndication Show. You should check that out to get some basic information. Whitney is a great host and has a lot of great guests.

If you decide to go down this path you might want to get Gene Trowbridge’s book It's a Whole New Business!: The how-to book of syndicated investment real estate. This is a detailed handbook for syndicators.

If you decide you want to take a deeper dive in vetting syndicators and fund managers, I recommend @Brian Burke's book The Hands-Off Investor.

You should also consider joining a community of syndicators and investors. @Jim Pfeifer’s group is called Left Field Investors, its a fabulous group. 

Happy investing!

Hi @Christian Maddison you’ve got a lot of great responses above. I would ask what your expertise is first, as @Travis Timmons said.
If you’re not an expert and want to become one, then I would definitely consider passively investing with a syndicator or in a real estate fund. There are lots of ways to do due diligence. Here are a few ideas...
First of all, I would want to direct you to @Ian Ippolito’s Private Investor Club. This is part of his Real Estate Crowdfunding Review. @Ian Ippolito is a master at due diligence.
You should also check out Jim Pfeifer’s Left Field Investors. Jim is very active on BiggerPockets and he has a community of people dedicated to performing due diligence on passive commercial real estate investments.
If you really want to dig deep, and I can see that you do, you should get @Brian Burke’s amazing book on due diligence called The Hands Off Investor. BiggerPockets published this detailed manual in 2020. This will give you incredibly detailed information on performing due diligence on passive investment opportunities.
I wish you the very best!

Hi @Pablo Medina great question. I agree with @Scott Trench I would not recommend leveraging an already leveraged investment. You are adding risk on top of risk and at a time like this, there is already enough risk out there. If you are not an expert in some area of real estate I would recommend investing passively. If you are already an expert in one specific arena, and you have opportunities there, that may be a better way to go. Happy investing!

Hello @Nate Slappey III, great question (I used to live in Royal Oak! before it was cool). 

I am going to answer this one differently. I do not like competing with sharks if I am not a shark myself. What I mean is this; as long as there are experts, truly obsessed professionals, competing against me... i don't really want to compete. They will outgun me almost every time, unless I have some sort of inside track.

Based on that thinking, I look to partner with those experts. I recommend looking for syndications or funds that that have teams of acquisition people who are already doing a great job in this arena. The good "sharks".

By investing passively with these folks, you should get the benefit of tapping into their cash flow, appreciation, tax benefits... without lifting a finger on your own. 

Well actually thats not true. You have to do significant due diligence up front to find the right investment partner. This is my two cents, happy investing!

Hello @Michael Berlin from a fellow (former) Ohio-in!

i think you are smart for looking ahead into the commercial space. if I could go back 30 years, I would have done minimal time in the residential arena and jumped into the commercial space. My journey from multi family into self storage, mobile home parks, rv parks etc. has produced more predicable wealth and stability then I have seen in other realms. 

I recommend you continue to absorb all the books, podcasts, and other resources you can. Join your local real estate investor association "RIA" and once you've dialed in on a specific asset class I recommend you join a mastermind or get some coaching. 

Good luck and happy investing. 

Congratulations, Kyle!  I'm really happy for you.