All Forum Posts by: Yannik Cudjoe-Virgil

@Ayat Suleiman If passive investing is a good fit for you, you want to find an experience and credible sponsor group. You want to find yourself a war-time general 

@Omar Khan I don't think it would be beneficial to put all your eggs in one basket. You should just focus on "getting your feet wet" with the right sponsor. I can understand your apprehension to invest given this economy, and it's important to invest with an experienced sponsor who has the track record and knowledge to protect their investors during this time with conservative underwriting and gameplans.
 

@Ashton Levarek The biggest thing I would recommend is focus on getting educated. Nothing beats education in commercial real estate. Be a sponge in the particular space you want to play in. Remember, you are raising people's hard earned money, and you should treat it with the utmost protection. If your goal is to build a large portfolio and you have the resources, then I would recommend finding an experienced syndicator, and partner with them to go big. 

However, if you feel the need to start off small and work your way up, then that works too. Just keep working and you'll get there!

@Briyana Hawkins It all depends on who is bring value to the table. Ideally, you would want it to be 50/50. Both parties need to have skin in the game. If you're bringing in someone experienced, they may want an extra piece of the pie if they are bringing experience to the game - assuming both parties are signing on the loan, and the costs to complete the project are split by both parties. 

The biggest thing is skin the game by both parties. That's the best advice I can give. Hope this helps! 

Multi-family for sure. The ability create value in commercial real estate is an extremely advantageous investment strategy through increased cash flow, forced appreciation, non-recourse leverage, etc. You don't get some of the same benefits on the level of magnitude that you would get through multi-family/commercial real estate investments.  

In my opinion, it only really helps in the residential space. You don't need it to be a wholesaler. But you will get access to comps and be able to represent clients (if that is what you would like to do). 

The cons are that it can be an additional cost of 3-4k per year depending on jurisdiction, broker fees and subscriptions, MLS subscription and other subscriptions (sentrilock, etc).

The best way to collect rent is the easiest way -- ACH. You can use: cozy.co, paypal, cash app, zelle, etc

Try to use the comparable sales approach and value them individually. If they are contiguous and the seller is marketing as a 12-unit property, you would want to look at what like kind properties in the area have sold for, and ask a broker what is the cap-rate for that particular class (A,B or C) in that area. Then work the numbers from there.

@Raymond Hooks Keep at it brother. Everyone has to start somewhere. The biggest thing is being comfortable with the amount you're investing with that sponsor. We (sponsors) all have a minimum investment, but my main goal with our investors is to EARN the right to receive their capital in our deals. Our minimum investment requirement shouldn't be a hard entry barrier if you started this business with genuine intentions of helping others achieve passive income and financial freedom. 

Re:what you're looking for. The deals are out there. You just have to find them. 

Keep pushing!

@Joe S. One thing I will add is....Be picky with your partnerships. They are like marriage -- easy to get into and hard to get out of. Find a GP who you can trust and can deliver.