All Forum Posts by: Thomas Lorini

Originally posted by @Guillaume D.:

@Thomas Lorini We need to get in touch! I've always wanted to move to SoCal, but never had the courage to do it. I've been to California 5 times in the last 5 years. I absolutely love it!

I want to hear your story so message me if you feel like sharing.

Thanks!

 Absolutely I'll private message you now!

Originally posted by @Guillaume D.:

@Thomas Lorini Hey Thomas! Do you live full-time in California now?

Yes moved here a few years ago...miss home...but year-round sunshine bro! :)

When we moved here 3 years ago we had only 3 doors....since then we are up to 21 units, did a really nice flip and wholesaled a deal...all in Canada....all from Cali.  

If i can do it from another country, anyone can do!

Awesome!! Keep it up 

Awesome stuff @Guillaume D.!! Love hearing other fellow Canadians doing it!! 

Keep it up!! 

Thanks for the responses @Jacob Perez@Rob Dowsett ...so who's on title with the properties you JV? I too vet my partners and haven't had any issues, but if we assume the partner took a mortgage and titles in their name, theres at least some level of risk that they could sell the property without any benefit to you. That was why I had thought of adding the encumbrance.

Hey Rob Dowsett Jacob Perez or anyone else, when you setup your JV's in Ontario Canada and your not on title due to your partner qualifying for the mortgage, do you later add an encumbrance to title? This way adding a layer of protection for yourself.

I own several properties in Ontario. Moved to the US three years ago and still self manage them. No issues. Just need to assemble a good team of contractors including tenant finding agent.

Arthur Neves thank you for the kind words. There are deals in Ontario just getting harder to find. If your serious about partnering up I'll keep you in mind for future opportunities. Jacob Thompson yes same house! I too can't believe the transformation.... I wish I had some before pictures of the inside...it was pretty bad, major smokers

Greetings, Our land development company owns several parcels of land across Southern California, we are in the process of raising capital (per project) to entitle the land, grade and sell to merchant builders. Our company also manages a very large portfolio of land for an individual, consisting of over 1000 acres of land in Southern California, some very prime commercial/industrial along the freeway. Recently the individual has decided to sell a significant portion of this portfolio. What I am looking for is if there is creative way of raising sufficient capital (institutional?)...where instead of selling our clients portfolio properties individually and separately raising capital for all our projects, there was a process where we could put all the properties into one pool (or entity) and raise funds for everything. This would increase the overall raise amount, address our challenges of raising capital per project and the returns would be shares of all the projects. I hope I've explained my idea in a manner where someone with the experience can chime in. Thanks in advance. Thomas