All Forum Posts by: Todd Dexheimer

 I never promoted my coaching services and don't make money with anyone choosing to buy Neal or Brads programs. 

To each their own. You certainly can learn on your own and don't have to pay for any sort of education. I know people that are successful without that in every industry. I am sure that the two of you never paid for any formal education. I do find it funny that everyone that I know that bashes paying for content does not own much real estate.  

Eric, the reason that you never hear from your clients that they took a course, is likely because you've never directly asked what course they took or what mentor they hired. I've done business with thousands of people and they don't tell me where they got their education from prior to doing business. 

Check out this article for ideas and resources: https://www.biggerpockets.com/...

It works best with owners that want out of real estate, either through retiring or burn out. Sometimes I pay more for the property or a higher rate, other times I have actually paid less. 

I've done it 5 times over the past 3 years. The key is to ask and show them the numbers. Many sellers don't want seller financing, because they don't understand it. Show them the amortization schedule and explain to them in writing what the terms are and how they benefit. 

We have been using SyndicationPro and like it. If you are first beginning, not sure it's worth the price to have an investor portal

We are typically buying based on projections, as we are completing value add with a large amount of upside. With that said, we are still typically buying close to market cap, based on the current NOI, but that is not our main focus when we are purchasing.

First off, I would not start a fund. I would raise money on a specific property that you put under contract. 

Get educated. There are several books and many podcasts on raising money, multifamily syndication, etc. Look into hiring a mentor or finding others that have experience. I would suggest really gaining good knowledge before approaching potential investors. 

Once the roots are there, then you need to really get clear on the exact type and location of property. Next, start forming a team, which includes a property management company, lenders, real estate brokers, accountant, securities attorney, real estate attorney, contractor, etc. 

This all really depends on what you're trying to achieve. If you are looking to be an active day to day real estate investor, putting in the time and energy, then investing in your own deals is going to make you the most amount of money. If you are looking for passive income, then investing in a syndication may be the best option. 

As for returns, getting a 15%+ IRR will double your money in 5-7 years. Repeating that will fairly quickly increase your capital and provide you a very passive investment. Also, all things equal, the risk is much less on a larger property, than a house.

No tax advantages with way. We do return on capital. Return of capital is a disadvantage to the investor due to reducing their principal balance, in turn reducing the amount they are owed in preferred return and making it far easier to hit waterfall hurdles.