All Forum Posts by: Paul Moore

Hi @Sam K.. In addition to @Brian Burke’s great book, I’d recommend joining the The Real Estate Crowdfunding Review site.  They have great education and scores of reviews about syndicators, funds, and deals.  Happy investing!  

Welcome @Matthew Boos!  If your goal is to learn more about syndication opportunities, I would check out the Biggerpockets book by Brian Burke, The Hands-Off Investor.  Good luck! 

Hi @Sam Rawlins. I would highly recommend a small local lender. Less rules, and more likely to work with you. You may want to check out an SBA small business loan as well, which is coordinated through some local banks from what I understand.

Hi @Mark Evans. Thanks for serving our nation.  I would highly recommend getting a paid coach. Joining a coaching program can massively accelerate your ability to make this happen. I have been investing in real estate for 14 years when I joined a program to learn large scale multi family Syndication, and I cannot imagine a substitute for what I learned there. Plus I had opportunities to partner with other members and the coach as well.

There are many great ones out there including Michael Blank, Joe Fairless, Jonathan Twombly, and my coach, 37th Parallel. Feel free to PM me if you would like an introduction to any of these folks. Good luck!

@Oren K. Congrats!  You may want to consider note Funds like PPR, which is run by @Dave Van Horn.  Good luck! 

Hey @Guy Idan. I second what’s been said above and I definitely recommend The Hands-Off Investor.   You should also join Ian Ippolito’s group, The Real Estate Crowdfunding Review. This site is dedicated to education and reviews Of syndicators and funds. Membership is quite restricted but the intel is incredibly valuable.   Good Luck! B

Hey @Bryan Richard. This was quite a great post and group of responses. I was checking back with you to see if you were able to get any of the equity out of your parks. It sounds like you are in a great position to pull out equity, and hopefully are getting values from appraisers at a far lower cap rate than 12%. I’d be interested to hear what you have learned and done in the last year.

Hi @Nick Thomas. I agree with @Taylor L. that it’s premature to join a syndication mentoring group, but if you decide to do this, that could be a great route. I was part of a paid coaching program that was quite valuable in teaching me the syndication ropes.  

In The meantime, there are some great books on this topic. One is by Joe Fairless and another one is by attorney Gene Trowbridge. you may also want to check out the real estate Syndication podcast with Whitney Sewell.

Good luck!

Hey @Neil Hauger. Thanks for sharing your story!  I haven’t heard anyone apply the Gary Keller model to land sales, but that makes a lot of sense. 

I would think you could make some headway being a specialist selling to those who are trying to create passive income from solar farms, carbon tax credits, etc. Good luck!

Hey @Justin Goodin. Great explanation - thank you.  I’d also point out that the multiple is almost meaningless without a timeframe attached. For example, which is a better deal… A 2.0x multiple or a 4.0x multiple?  

You can't know from that question. If the 2.0x multiple took five years, that's a total annual return of 20%. If the 4.0x multiple took 100 years, that's a total annual return of 3%. The deal with the smaller multiple is actually almost 7 times better (judging by ROI).

The IRR (internal rate of return) is helpful because it accounts for the return and the timing. But it's hard for many investors to grasp and it includes a built-in reinvestment assumption (saying ongoing cash flow is reinvested at the same return along the way). Thanks again!