All Forum Posts by: Paul Moore

Thanks for the insight, @Kevin Kohler. I wasn’t aware of that FL nuance.  

@Christopher Hall. I commend you on the steps you are taking.  Please PM me if you’d like an intro to anyone who could assist you.  I’d be happy to get you a copy of my new book on self-storage when it comes out next month (BP Publishing). Happy Investing! 

Thanks for sharing this, @Justin Goodin!  I think this will help a lot of people who would like to know more about syndication.  Those looking to invest in a syndication might also want to check out @Brian 

@Brian Burke’s excellent book, The Hands-Off Investor. BP 2020.  

@Jodi Terrell Great question. It is definitely a function of the coaching program you choose, the individual coach, but most of all your individual effort. A close friend of mine, @Whitney Sewell, Had a terrible coaching experience about 15 years ago and it probably tempted him to quit real estate. He wasted a lot of money and time.

had a terrible coaching experience about 15 years ago and it probably tempted him to quit real estate. He wasted a lot of money and time.

In 2018, he hired a new coach. This new coach gave him valuable real estate advice, but I’m guessing 99 out of 100 people would not have taken it. It was a hard path. But in the fall of 2018, he took the plunge and implemented what his coach told him to do. Now he can raise $10 million or even up to $20 million within a week if he needs to. Just three years later! He could never have gotten there without the valuable help from his coach, in my opinion.

He could never have gotten there without the valuable help from his coach, in my opinion.

I have been investing in real estate 14 years when I spent $25,000 to hire a syndication coach. Since then, I have raised over $60 million and I am involved in four portfolios totaling approximately 200 commercial deals. I cannot imagine how I could’ve done this without my coach. Happy Investing!

Hi @Gopichand N.. Great question. Good reply from @AJ Shepard. 

If I am investing my hard-earned capital and savings into any investment, I’ve come to the conclusion that I don’t want to invest it with anybody who’s not a total pro. Especially in this difficult competitive market. That includes myself. Though I flipped homes for years and I’m now in commercial real estate, I would never invest with myself unless I was 100% fully committed and obsessive over getting the best deal, and operating it well, and eventually selling it for top dollar. I’ve concluded that it’s very hard to do that if you have a full-time career and you’re trying to do that on the side. For that reason, I would recommend a syndication if that’s your situation.

if, however, you have time to devote all of your efforts to it, you may be happier being the captain of your own ship and investing in single-family or multi family real estate. Though I am full-time in real estate investing, I still choose to invest with professional operators. Happy investing!

Hi @Allison Macalik.  You got great advice here.  You might also check out @Whitney Sewell’s excellent podcast, The Real Estate Syndication Show. He is crushing it in syndications and has great guests 7 days a week. Happy Investing!  

Hi @Christopher Hall.  As others have mentioned, this is a business. It’s not like buying a cell tower lease that just throws off cash passively. I highly recommend that you go to a weekend event with Scott Meyers and read several books on self storage. Then perhaps join a mentoring group and learn everything you can. If you have a lot of time and a team to dedicate to this, then by all means move forward. If not, you may decide that investing passively is a better route.

I don’t mean to sound snarky, I really want to see you succeed!  I don’t want to see you end up as a mom and pop owner with a facility that is under performing and causes a lot of headache for you.  Feel free to PM me if I can help.

Hi @Mike Redondo And welcome to the community!

Many multi family investors get a property under a signed letter of intent, LOi, first. Then you will have approximately 1 to 2 weeks to visit the property, perform due diligence, and then lock it up with a binding purchase agreement. I would never buy a property sight unseen, especially a multi family property. On the other hand, you don't have to go see every property just to make offers in the form of LOI‘s. Happy investing!

Hi @Sean Walcott. @Evan Polaski is correct. You should get cash flow without paying taxes along the way for several years with most syndications. But unless you are a qualified real estate professional, I doubt that this would help save on your current taxes from your active employment.

Some people convince their spouse to get the qualified real estate professional designation and when they file jointly, the taxes can offset more income. But like @Taylor L. said, I recommend a tax pro to answer this. You may also want to get Tom Wheelwright’s book on taxes for real estate investors.   Tax Free Wealth. Quite helpful.  Happy investing!

Hi @Michael Penny. Good point. Technically, investors don’t have to be accredited to invest in syndications. The problem is that most of them, especially the many of the best ones, have slots that are limited to accredited investors plus a close network of people they know (up to 35) who are not accredited. You are certainly correct however.