All Forum Posts by: Scott Morongell

@Gino Barbaro congrats on another super deal! 

@Terry Lao the best market to invest in is the one you know best and have boots on the ground in! 

@Dustin Karels more time that not you will have to put down equity. However, if you can do a seller financing deal and get creative, you may not need to bring as much equity come closing.

@Brian Pawl thanks for sharing your goals! Mine is to continue to grow my syndication business. Did 672 units along with partners and our investors in 2018. Look to do another 500-700 units in 2019. 

@Jalen Henningsen go on Zillow you can find comparable's very easily  

@Steve Sprowls Everything should be laid out in the PPM and investment summary. Most syndicators will also follow up an investment summary with a webinar. If they do not, absolutely reach out with any and all questions to them. 

@Jiten Voralia there are many syndicators on here if your able to do a quick search. However, there are not nearly as many that have been through a cycle like your looking for. Obviously Ivan and Brian are probably the more experienced operators who participate here on BP. That being said there are other syndicators who are not in the social media space who are reputable. My advice would be to do your own homework on the operators as well as further research such as:

-Asset class you want to invest in

-Your own market data and where you think potential is

-How to underwrite (so you can see if the numbers are actually conservative or not)

-Understand different debt options for deal and what debt makes the most sense for particular projects

Best of luck and stay patient for the right opportunity.

 I agree, never lean on just one lender/bank for this exact scenario. Looking forward to keeping up with all of your success on the deal. 

@Jacob R. Crosby I would suggest looking outside your market and maybe into one that you know someone in. They can help be your boots on the ground and get you up to speed and ultimately minimize risk. 

@Trevor McCloskey congrats on joining BP. I am willing to help although I am not in your market. Look for a PM company that currently manages and is reputable in that area. Always ask for references.