All Forum Posts by: Scott Morongell

@Ronald Gladden start where you feel comfortable. Each strategy in real estate investing is different. Figure out what part of real estate is attractive to you, educate yourself, and take action. Progress over perfection. You may get into it and not like that particular model of rei and make a shift. There is not prerequisites for multifamily investing if that is what your asking. 

sure, always willing to help when possible.

 Yes, it sounds like owner financing would be your best bet and leave you with most of the ownership at the end of it. Syndications can be structured in many ways. 2 of the most common ways are a straight split and a preferred return with a split thereafter. 

ex 1. 80/20 split (investor gets 80 cents and you the GP get 20 cents)

ex 2. 7 pref with a 70/30 split thereafter (anything over 7% gets split with 70 cents going to the investor (LP) and you the GP get 30 cents)

These numbers can be made up any which way. It all depends how cheap of equity you can attract.

@Timothy Howell depending on where this deal is located you could possibly syndicate it... however I doubt the price per door would allow for such an expense. Will the OPM be involved and considered and active investor? If so, you could get an operating agreement drafted for much less than what a PPM would run you if you were to syndicate it. For the debt side, a local bank could be your best bet. You should know by now is owner financing is in the mix. Always ask, why are they selling? and what are they going to do with the money? If he's retiring and going to sit on a pile of cash, then owner financing becomes very attractive for him.

@Michael Henry I agree, overall, real estate is a very popular and overpriced investment strategy right now. That being said we are also buying and will continue to buy apartment complexes. For the wholesalers out there--are you able to give them some ideas on markets your looking to acquire in? Best of luck investing in 2019!

 I can only speak for multifamily syndication. It is the only thing I do in real estate. There are many coaches/mentors in this space. With their programs they typically give you a model/template for underwriting. As you progress you will find yourself tweaking the template or making your own all together. 

 Great, just educate and execute! 

 Your welcome!

@Joyce Orange if your looking for a passive approach invest 1M via syndication. Many deals are averaging 7-8% CoC per year. That will give you around 75k per year in passive income.

@Tyler Kastelberg I have also seen unit renovations going up for value-add apartment deals. Make sure ya'll are budgeting correctly!