All Forum Posts by: Paul Moore

 Hi @Randy Smith! Are you at all concerned about the potential for cash to be minimized in the United States in the years to come? I know that the ATM funds have a 7 year window and that's one of the things that made me nervous. Other than that they looked to be a great investment. 

 Hi @Karna Patel! I am really glad to help. I am glad you discovered the BP forum. And I do agree the hassles of residential will help you learn the ropes of real estate and I predict will also make you want to do commercial even more!

You may want to check out Jim Pfeifer's Left Field Investors so you can get to know some folks in that realm. These are all investors in commercial real estate. You may also want to pick up The Alternative Investment Almanac by Denis Shapiro. 

I look forward to speaking with you soon! 

Hi @Chris Hill you said that you're leaning towards paying it off. I know what the end result will be even if the cash flow is less. 

Though the cash flow might be less, you will certainly be in a safer position. I am a big student of Warren Buffett and I'm relatively certain he would do exactly that if he were in your shoes. It's hard to go wrong with someone who could lose 94% of their value (Berkshire-Hathaway) over the past 56 years and still beat the S&P 500. It's an amazing statistic and really true. Good luck and happy investing!

@Bob Stevens hi there! Congratulations it looks like you are crushing most other investors! I wish you well and hope you can replicate that strategy hundreds of times more. 

:) Let me know if you're looking for any passive investment opportunities :) 

Hi @Ryan Phu! Sounds like you have a great plan there. I recently published a BiggerPockets  book about self storage, so I am biased. The last 1/3 of that book details 7 unique paths to enter the commercial real estate business and I see some of those thoughts in your initial post. It sounds like you are off to a great start. Before I saw more I want to comment that just because someone you know of went through $150 million in 3 years and is now in trouble doesn't really mean a thing. He might have had too high leverage. Been overpaying for deals. He might have had floating rate debt. It has little or nothing to do with your future plans. As others mentioned there is always risk. There is no return without risk. I would try to think about risks you can mitigate rather than look for assets with "near-guaranteed absence of downside."

My favorite strategy is to acquire a mom-and-pop asset and professionalize it. This means doing the upgrades and to add value into increase net operating income. Increased NOI directly leads to increased value.

Some of the asset types with the most mom-and-pop operators include self storage, mobile home parks, and RV parks. 

The second half of that strategy is once you put together a portfolio of professionalized assets, you market the portfolio to an institutional investor like a REIT or life insurance company or family office. They often pay a premium for these types of assets. Good luck!

Hi @Jason Thompson! I was a residential real estate investor for well over a decade and I spent 3 years in commercial real estate before I discovered syndication. It is a fantastic avenue for experienced investors, per the comment from @Chris Seveney. 

After reading all of the books, I highly recommend you join a coaching program to teach you to syndicate, give you contacts and put you on the right path. You will likely find a lot of prospective partners as well. You might even be able to partner with the coach! A lot of people do that. 

You might also want to pick up the book It's a Whole New Business by Gene Trowbridge, which goes over a lot of the syndication terminology and details. I think this would be really helpful for you. Make sure you get the latest edition of the book! Good luck and happy investing!

Hi @Randy Smith! Great information above. We have also heard about a new software that is being beta tested call Vyzer.com. Some people are recommending this for tracking investments. I have not tried it out yet. 

HI @Ryan DiCanio! I recommend you buy the latest version of Gene Trowbridge's book It's a Whole New Business. This book explains syndication, and all kinds of terminology you will need to know. And it will help you understand the mechanics of investing in commercial real estate. 

You may also want to join Jim Pfeifer's Left Field Investors group. This is a group of like-minded investors who can offer a lot of value. 

Happy investing!

Hi @Cody Hughes! As you get into real estate investing, you may want to consider passive investing. Many people migrate from residential to commercial real estate. 

If you do that, I would recommend you check out Jim Pfeifer's Left Field Investors and Ian Ippolito's Private Investor Club. Both of these groups have like-minded investors. You may want to buy a copy of Brian Burke's very helpful book The Hands-Off Investor as well. 

Happy investing!

Hi @Marc Warren! I think you got some great responses above. I would recommend you join a group of like-minded people. @Jim Pfeifer's Left Field Investors and @Ian Ippolito's Private Investor Club are two suggestions that would offer a lot of value and information from similar thinking members. 

I wrote a book in 2016 about multifamily investing (The Perfect Investment) and have since added self storage, mobile home parks, RV parks and much more. I believe in a diversified portfolio. 

Happy investing!