All Forum Posts by: Paul Moore

@Tushar P. Thanks!  To be clear, I personally plan to keep investing till I die (and beyond God willing).  I was actually asking this on behalf of some of the investors I talk with who ask me if and how they can get off the merry go-round if they want to someday.  Good answers. 

Hey @Nathan Barshinger. So glad to hear back from you!  That sounds like a great move. Focus on that and do really well. Save up a few hundred thousand. Then if you still want to pursue building wealth through MHPs etc, you’ll have a chance to do it when you’ve got some time and financial margin.  Good luck w/Tom Ferry! 

Hi @Jordan Santiago. Well done! With your goals and long-term view, I would start creating a lot of valuable contact. E-books, a book, a podcast, and a lot of social media postings will help you get guest spots on lots of other podcasts. Build a great following, keep giving them great free content, and you’ll eventually have investors lining up to invest with you. Good luck!

Hi @Salomon W.. Great question. There are a lot of books and podcasts that will help resource you on issues like this. I would recommend the book by Gene Trowbridge: It’s a Whole New Business.  @Brian Burke has a great BP book called The Hands-Off Investor. 

I would recommend that you consider giving your investors a certain minimum and will return first before there’s any split. Perhaps around 10% for a deal like this. Then you split everything above that approximately 70% to the investors and approximately 30% to you, depending on lots of circumstances. And you might want to take a small asset management fee off the top to keep you in business, perhaps one percent of the asset or equity value annually.   Good luck! 

Hi @Brian Choi.  I wholeheartedly agree with my friends above. However I would add that if you start creating consistent, high-quality educational contact and skillfully get it out there, you can start building a following of people who will want to invest with you.

It’s another version of a lot of hard work, as was stated above. You may want to check out Matt Faircloth‘s BP book on raising private capital. Good luck!

Hi @Susan Snodgrass congrats on getting a good start!  If you are accredited I would recommend you find a great syndicator to invest in passively. That will often return better risk-adjusted returns and you don’t have to worry with the details. 

Otherwise, I would consider using airdna.co to find the best market for gross revenue to purchase price ratio then do outsourced Airbnb and VRBO rentals.

I have a friend who had a goal to quit his job as a General Motors engineer. This would usually take many years, but he did it within 10 months by picking the best markets using tools like this. And  now he’s got his real estate license and helps others find exactly the right house for them with cash flows up to 60% or more cash-on-cash using high leverage (he claims - I haven’t seen his financials).  And people are apparently crushing it! Feel free to reach out to me if you want more info.  Good Luck! 

Hi @Deadrick Colbert. Are you looking for a syndicator, a fund, or a crowdfunding platform? There are a lot of great options in all of these arenas. I’d recommend you check out the 506 Group, or the Real Estate Crowdfunding Review by Ian Ippolito. Good luck! 

Hi @Jordan Walker. I recommend attending Mobile Home University before making any offers. They have a lot of checklists and other criteria that are very helpful. Frank Rolfe, the leader of that group, was on the BiggerPockets podcast about two years ago.

I would definitely recommend that you get a park with minimal park-owned homes, near a super Walmart, in a town of at least 5,000 people. On public water and sewer.
Good luck!

Hi @Jacob Hufford. Welcome to the world of commercial real estate investing! Biggerpockets is about to release a book I wrote on getting into self storage investing, and the last 1/3 of the book is specifically about different paths to get in. I have recorded quite a few Facebook live sessions on this topic recently on the Biggerpockets channel that you can find as well.

Feel free to PM me to get more information on that if you wish. Good luck!

@Monica C. I’d recommend Howard Marks’s wonderful book Mastering the Market Cycle - Getting the Odds on Your Side. And check out The Rebel Allocator. Neither about syndication. But there are powerful and timeless principles for investing in each. 

Attorney Gene Trowbridge wrote It’s a Whole New Business which is all about syndications.  Good luck!