All Forum Posts by: Roni E.
Roni E. has started 1 posts and replied 561 times.
Post: How to source a REIT to execute a 721 exchange
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You are going to need to speak with 1031 intermediary. I would still speak with you parent CPA and attorney to make sure. I would also be careful of buying REIT stock do your home three times before making a decision. I would look at a safe dividend stock that pay them quarterly or monthly.
Post: Student Housing Market Crash
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I think it is too early to tell.
Post: Investing with a full-time job
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I would see what type of real estate you like and look at syndication or even become a private lender. As always do your home work three times before making a decision. I would read Joe Fairless Apartment Syndication book and get Michael Blank SDA course.
Post: Student Housing Post Covid-19
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I think unfornately we have to play a wait and see period. I would think for safety next semester will be online. Then the question comes if online should i spend the Xyz dollars on rent or move in with mom and dad and save that money.
Post: My Cash...is Worthless.
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As others said I would look at being a private lender in First Position, buy a rental, or investing in a syndication. As always, do your homework three times before making a decision
Post: How do I participate/start a syndication in Canada?
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Canada is tough as I believe but need to speak to a Canadian lawyer as there is more regulation for such.
Post: How promising is syndication really?
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As you are a civil engineer I would look at trying to JV or bringing value to that group
Originally posted by @Kole Moore:
Hi there,
I am 21 going to college to be a civil engineer in Washington, once I graduate I plan to use syndication to invest in real estate. What I am scared about is getting burned with syndication, I have seen and heard about people getting large amounts of money taken from them because they did something wrong in the process. How can this be avoided? Is syndicating as useful as some talk about it considering the risk?
Post: Questions to ask a commercial seller
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Everyone gave great ideas. I would the Trailing 12 months P&L, rent roll, and any inspection report if any.
Post: Viewing Properties and Analyzing Deals
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I would as @Greg Dickerson said get Joe Fairless book. I would also get Michael Blank SDA course it will help understand underwriting. I would listen to audio and video podcasts, you could check out The Old Capital podcast and check out James Eng youtube page. Instead of jumping into a 16 unit deal or so forth right away. Why not try a house hack or do a couple of 4 unit deals as this way you could loans from your local bank, credit union and so forth. In the 4 unit deal you could live in one of the units and the other three should cover all & any expenses and maybe put in your pocket as net cash flow,100 to 200 a month. This will be a good learning experience. Last if you do this I would advise your neighbors/tenants you are the Property Manager.
Originally posted by @Reed Meyer:
Over the next year I plan on raising money for a syndicate multi-family investment. I will be looking in the 16-32 unit range.
Given my lack of experience I will need to bring a lot to the table in order to raise money from investors. I will need a home run deal that offers downside protection and a significant preferred return (8% or more) in order to convince an investor to provide the down payment. I also understand that I will need to gain the investor's confidence by being an expert in the local multi-family market.
My plan is that outside of my 60 hour work week I will view properties and analyze deals on the weekends just to increase my knowledge and understand what a good deal really looks like in my area. I want to improve my "deal combing" skills in order to have an elite understanding of where value can be added, what makes a high quality area, where I can generate appreciation due to an area's rent disparity, and what makes a deal just "feel good". Does anyone have any suggestions for the best approaches to do go about this? Should I just be going out to properties on my own and checking them out from the outside and asking pedestrians about the area? Should I be arranging viewings with the properties' broker? I am thinking I want to be viewing 6+ properties every single weekend.
Thanks a lot. Any and all responses are greatly appreciated and no suggestion is too far fetched. I will put it in any amount of effort necessary (even if it seems unreasonable) to ensure that I can be trusted by investors and able to raise money without a track record.
Post: Syndications - how many passive investors required?
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Not giving you legal advise but I would speak with your attorney if you think only 2 or 3 folks you are working with then see if you could then just do as hard money loan or even a possible Joint Venture. You just need to make sure it is true JV. Also a PPM and so forth will run at a minimum $10k and up so you need to make sure it makes sense.