All Forum Posts by: Scott Morongell

@Samuel Lynch a broker should be able to recommend a few. Another way to scour the area and see who has a major presence in an area for property management is using apartments.com. Next to the listing you can see the property management badge for that particular asset. Find similar assets and start calling those management companies. 

@Gary B. I see you mentioned trulia. Trulia crime map is great to easily detect C/D locations.

@Danny Randazzo Thanks for sharing. I would love to see the #'s on the amount of investor who chose to invest actively vs passively. The # more so on new/uneducated investors who bought a SFR to rent out cause they thought they would make a better ROI. My guess would be the SFR they bought didn't cash flow as planned and could've made a better ROI sitting back as a passive investor.

@Vince Madden I don't want to beat a dead horse but syndication is easily the fastest way to place your capital in the US market and minimize risk. The biggest risk would be for you to try and learn a market extremely fast and overpay for something. Even if you invest a small amount into a syndication it will help you grow your US track record and get financing on your own assets once you start to learn a market here and make a wise investment. There are many syndicators on here you can vet and twice as many who are no on BP. IF you do choose the syndication route please put more emphasis on the sponsor than the deal. Anyone can make the numbers look attractive. 

 You are welcome my friend!

@Davere Currie education. Invest in yourself first so you can be confident before doing a deal. 

@Moaaz Ahmad congrats on getting involved on BP. Since it sounds like you want to make RE your full time job in the near future I would not suggest you to invest passively in deals. Your best bet would be to start small but first get educated. I would also look to partner with someone who has been successful in a market you'd like to invest in. Try to add value to them and partner with them on a many deals before going out on your own. Your asset is capital, flexibility in schedule, and sweat equity. 

@Malcolm Chelliah I would suggest, why not do both? While your doing your residency and practicing medicine I can't image you have numerous hours left over in the day to hunt down your own deals. Live below your means and take your extra capital and place it into several syndications. This will allow you to get a good look into real estate investing and how sponsors (operators) find, run, manage deals. Then you will have built up a foundation and can decided for yourself if you want to become a full time investor and the undertaking that comes along with it. We have physicians who invest with us and would be happy to connect further. 

@Eric Rosiello There are endless ways to structure deals. However, not all are enticing for your investor. Because this deal isn't particularly big, it doesn't sound like you'd be drafting up a PPM. You want to certainly make it favorable for both parties. Your finding the deal, probably the lead on the financing, will be doing asset management duties, and bringing 2/3 of the capital. You should own roughly 75% and the other investor 25%. 

Once you get into larger apartment deals your ownership% will change dramatically as you will have passive investors. 

@Trey Gase congrats on joining BP and getting involved. You will find very quickly there are many people who want to help and can steer you in the right direction as questions come up. To get educated, I would first dial down on exactly what part/strategy or real estate is attractive to you and that you genuinely enjoy. Find a mentor on BP or elsewhere that is doing exactly what it is you want to achieve. A mentor/coach can help you accelerate your learning curve dramatically.