All Forum Posts by: Patrick Duffy

Hi @Harinath Pottam and @Account Closed,

I apologize for the delay in response - I check BP periodically and missed the notification.

Regarding equity splits, students can expect to earn typically between 20-33% of the GP slice for securing the deal, performing due-diligence and performing ongoing asset management and reporting to investors. This percentage split is based on a number of factors and responsibilities undertaken during and after closing. Contributing to the capital raising, to the extent possible, will increase a students % split of the GP and can exceed the range previously mentioned. As most of Michael's students are hoping to raise 100% of the equity through Michael, the 20-33% split is somewhat typical.

Thanks,
Patrick

@Cara Lonsdale I joined Michael's Deal Maker Mastermind Forum in June 2016 and had my first deal under contract on New Year's Eve of 2016. We went on to close that deal, a 69-unit building, in April of 2016. Michael raised 100% of the equity needed to close on the building, while I paid for the majority of the due-diligence costs which I was reimbursed for upon closing.

After the 69-unit deal, I worked with Michael to close on a 57-unit, 80-unit and 321-unit property in 2017. Michael and his equity raising partner's raised 100% of the equity for these deals, while I again helped with due-diligence costs which were always reimbursed upon closing.

In order for a deal to be considered for partnership, you must be a member of his Deal Maker Mastermind Forum (~$50/month) and own his SDA (~$100). It is also true that you must pay for an hourly coaching call when submitting your deal for partnership with Michael so him and his staff can vet the transaction and confirm that it meets the criteria of their investors.

There is no other program that I have seen in the market that delivers on it's promises as Michael's program has for such a reasonable cost. It's a no-brainer for those looking to get started buying multifamily with the help of experienced syndicators.

Thanks @Danielle Fattizzi

@Julie Marquez thank you!

Hello Bigger Pockets! My name is Patrick Duffy and I am new to the forum but not so new to real estate. I have been a lender catering to funds, investors and consumers for the last 4 years but my family has owned Multifamily my entire life and it helped put me through college during the recession. I'm in the middle of transitioning out of lending, but intend to invest in multifamily part time during the next stage in my career. My goal is to buy and hold multifamily units for long term cash flow, with the target of owning 100 units by December 2018. I hope to network with as many of you as possible and take down some deals!