All Forum Posts by: Roni E.
Roni E. has started 1 posts and replied 561 times.
Post: How can I get a loan after being laid off despite having $230,000
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@Jeremy Holleb @Brian Garrett
@Brian Garrett Gave sound advise first. Next, I would reach out to the bank and find out. I would also speak to the local credit union and see if they can help. Next, I would look at a discount from the seller. Could you by chance house hack this deal, e.g. buy a 4 plex rent 3 out and live in the 4th?
Post: Multi-family apartment syndication
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I would check out Michael Blank SDA course so you can run the numbers in depth. Also, I would be careful as there will be a price reset.
Post: New Member Looking to Invest in Louisville/Southern Indiana Area
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I would check our Michael Blank SDA course so you can get a good handle on underwriting and profit splits with your investors if any.
Post: New to BP in Washington DC
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Welcome to BP. I am located in McLean if we've want to do coffee or reach out.
Post: Syndication Investing During a Recession
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If you are investor I would look at deals with Syndicators understand their method, process, deal flow and so forth. Get on their on list. I would be hesitant to jump in right now. We are early into this cycle. Focus on cash flow. I would also try to ask the Sponsor or find one that distribute monthly.
Post: How will caronavirus impact student housing
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I think we have to wait and see. It seems next semester will be online. So does that student will move in with their parents to save money and then Student Housing owners will have to the student and parents or what? Next, will students even want to move in back home with their parents.
Post: What's the best PASSIVE Real Estate investment?
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Originally posted by @Julie L.:
Hey Rudy. I've been investing for the last 11 years in real estate. I've done everything from longer term flips/buy and holds, HML, to syndication. Syndication by far has been the most passive. I probably spend about 1-2 hours per quarter to review financials to ensure no red flags. I earn 8-10% CoC returns and about a 22% annualized return. This doesn't include all the cash we're able to keep from my husband's W2 since we can deduct passive income losses against his W2 income.
Post: Webinar|How To Raise $1,000,000 For Your First Real Estate Deal
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I would do it free for folks.
Post: 44 Years Old w/ $250,000 to Invest
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@kasey Libby The answer is, It Depends. Sorry, I had to put in some law school/law dry humor as law professors would always have that answer. I would first see what real estate type intrigues you. So is it Multifamily, Single Family rental, Flipping, Industrial, Data center, Mobile home parks. I would stay away from Retail and Hotels at this time. I would look at getting you real estate license usually it is a much quicker process as a licensed attorney. If you like multifamily, for example, I would get Joe Fairless book Apartment Syndication and Michael Blank SDA course. Consider these our 1L foundation courses. You want to get the lingo, deal structure, and most importantly know how to underwrite a deal. Next, I would be extremely diligent I do believe a price reset is on the Horizon for real estate. You do not want to be catching a falling knife. I would also look to focus on Cash Flow/Cash on Cash returns. If you have any questions shoot me a message.
Post: Syndicating properties I already own
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Hello, hope you and your tenants are Safe & Healthy. I would speak to your attorney to make sure you do not violate any loan covenants. Then from there you give the investors 70 to 80% of the deal. I would look at what the Cash on Cash Return would be, IRR on 5 year. If you have any other questions shoot me a message. You will also need to setupa 506B or 506C via securities attorney
Originally posted by @James Wright:
Hello, I own about 450 units, and raising money to buy 500 more or so, I am raising a fund for new properties currently, but the thought occurred to me to syndicate my current properties and use the money to buy more myself.
Investors wouldn’t participate in upside because buying performing properties, but they wouldn’t have the risks involved in repositioning properties.
Has anyone done this? And did it work out? Any tips?
Thanks a lot