All Forum Posts by: Roni E.
Roni E. has started 1 posts and replied 561 times.
Post: Passive Investment Opportunity; 44 Units; with waiting list
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Speak with your securities attorney to make sure your posts are in compliance to avoid any issues. Good luck, & stay healthy.
Post: 10022 Colvin Run Rd Great Falls VA 22066
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$100k to rehab budget seems very low for this property.
Post: Family Partnership as Accredited Investors
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As always speak to your Attorney & CPA. As I believe you are doing a 506c so all have to be Accredited Investor. I have seen this work when there is large min. lets say the min investment is $500k so 5 accredited create and LLC and each one puts in $100k.
Originally posted by @Keith Meyer:
For those of you out there who are running syndications and screening accredited investors: What would be your accreditation criteria for let's say a family of three people who come to you looking to invest together within an entity (LP, LLC)?
Would each of the three members need to individually meet the accredited investor definition? Could they collectively meet the criteria? What would the verification process look like? I know these types of arrangements are becoming more common, but I've never heard what the official requirements are in order to pass these tests.
Post: Active LP investors and or Syndication Proffesionals
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I would look at it if your are the Investor what are my risks. Is the sponsor risky aka new to the business, do they have the reserves necessary and so forth. Next the value add initiative how big of a push do you need to do? Are you trying to push rents $100 dollars or more or what? I rather give Investors on first multiple deals better terms go full cycle and then be able to say now the deal terms change. Now I will say Covid 19 a new market it creates further issues.
Post: What to do with $100k in this market?
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Great Job! Is it possible to do another flip in the area you just completed one? I would also take into account we are going into a new market so underwrite your numbers correctly and triple check them.
Originally posted by @Nova Mendoza:
My husband and I did our first live in flip which is currently in escrow. We will net approximately $100K which I know isn't a lot to invest in Real Estate especially because we live in California. I don't want to let the money just sit in the bank and wait for the market to shift to begin investing again. So I pose the question would you do with $100,000.00? Real Estate related or not I'm open to ideas to make this seed grow. Eventually we'd love to invest in another Flip, or Brrrr deal. We were looking into other areas like Memphis, Texas, OK, Fl, AR, and other places to buy a deal that would at least cash flow but haven't found anything yet. I would love to connect with local wholesalers and wholesalers in different states. Please send me a message if that's you or you are connected to one that you recommend. Any advice would be so appreciated.
Post: Investing with Syndication company vs. Independently/with Team
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I would get Joe Fairless book on Apartment syndication is apartment is the way you want to go. Then Michael Blank SDA course so you can underwrite deal and understand the numbers as you have to do your homework. From there go to local meetups, virtually right now. Get on investor lists, and so forth.
Post: Best use of $150k today?
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Originally posted by @Brett Hennessy:
Going to take advantage of low interest rates and refi my primary house out of construction loan. Locked down 2.75%. Have the opportunity to pull out an additional $150 in equity and wondering the best use. Considered buying a single family house all in at $150, rents for $1300. Thought about paying off two currently owned and financed single family houses with loans at 4.85% or possibly something totally different. Don't have the time for any more flips and prefer buy and hold benefits to syndication deals. Appreciate your thoughts.
I would look at refinancing or paying the almost 4.85% debt. I would also make sure you make money on the side just for rainy days or issues. I know some folks have said jump into a syndication I would only think of doing that if a) property is bought a discount b)High Cash on Cash return c) cost seg done so you get cash but could have no taxes due to the accelerated depreciation. Right now triple check the deal as a lot of unknowns in the market
Post: Raising money for a syndication
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Lets be careful with term money raiser as we want to follow all SEC rules. So the firm will be a licensed securities firm depending on the raise the higher the raise the lower the fee. Next I see all the time and this worries me is folks will say hey Johnny go raise $1M (or whatever xyz amount) and if you do I will give a part of the GP. Now what folks are trying to do is Johnny is partner and raising funds but if you peel the onion back Johnny is not really a partner as has no other duties.
Post: Picking a sponsor for Syndication/Passive Investor
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Michael blank sda course and Joe Fairless apartment syndication book. Then checkout James eng YouTube channel
Post: What type of real estate should I invest in?
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I would check out Joe Fairless book on apartment syndication and Michael blank sda course. Paul Moore has a lot of info. On mobile home parks. For self storage checkout Ben lapidus on self storage. I would also make sure you are an acreditted investor as a good of deals are 506c but there are 506b deals out there.