I'm looking at the market right now and just puzzling how people are making profits.

The problem with that piece of the puzzle is that they get their profit before you exit the loan. 

Growing a portfolio can feel like a big puzzle at first, but it really does get clearer once you start talking with other investors and seeing what paths fit you best.I’ve learned a lot just by sharing experiences and comparing notes with people in the community, so happy to bounce ideas anytime too.

It's all about finding the perfect puzzle pieces, matching the right folks to the right roles based on their strengths.

Every city has them, and I'm puzzled that this "market update" doesn't contain any of that information. 

Now , dieing this time they had more suprises and expenses , I had to pay for a appraisal, and richer values etc , which was charged to my card the day after I said I was going to have another money lender work on getting it closed, since it was paid and ordered I went ahead with them thinking they were going to close that Friday, that didn’t happen and now they said they can easily close it on asset based , we were suppose to close again, didn’t Happen, now I don’t really don’t know what’s going on, responses are days apart or short one sentence etc , ife had to go out of my way reaching out to processor and now the company owner who won’t answer the questions, but give one liners avoiding specific answers, I’m just tying to figure out what might be the last puzzle piece, apparently the loan guy reached out and had a confernce call without me, discussed doing a seller carry back because now the underwriting is saying they are only loaning 70k of purchase and I’m having to have like 30 k in closing.

More than any other business, deciding to invest in a real estate syndication is a declaration of faith in the deal sponsor.In many ways, that faith far outweighs the faith owners of Tesla shares must have in Elon Musk.And Musk is a one in a generation entrepreneurial genius inventor.Like many seasoned real estate investors,I decided long ago that wealth-building was a life-long game of patience and perseverance.On both counts,a real estate syndication fails the test.Most syndicated deals have a hold period of 3-7 years after which the exit strategy involves selling.The few that attempt to hold on to the asset via a refinance run into uncooperative investors who demand their seed capital back for various reasons,often resulting into a compromise to either buy them out or risk a legal battle.The facts of the matter are very basic:if it's not your deal,you don't make the big calls.Conversely,if it's not your money,you don't get to decide it's final destination.Now there's a good reason I never got into the flipping niche either.I'm not a transactional guy.It always felt like slaughtering the hen that lays my eggs,and I love my eggs to bits every time they are laid.It's why I keep going back to the hen.In the end,we don't need 1000 units to achieve financial freedom,we just need a handful of well acquired cash flowing assets to arrive at that place of peace.With some patience and due diligence,most people can get there without sleeping with 75 strangers every 3 years only to end up with no portfolio and a bagful of inflation susceptible cash with little to no tax advantages.That's where we did not want to be in the first place.If you do succumb to the temptation and end up being one of the few deal sponsors that actually look the part and take care of investors' money like it's yours,do make sure you haven't "quit" one job that you hate just to work in another that is even more soul-crushing.Managing multiple syndicated deals as a good deal sponsor can be big business,and big businesses can very easily turn into time-devouring leeches.Covid has shown us all we are nowhere near capable of seeing 3 months ahead,let alone 3 or 7 years.An asset is only really worth what the next buyer is willing to pay for it,no matter how much "forced appreciation" we have projected to investors in a rent drop environment.When balloon payments come due,thou shall sell or refinance,and good luck refinancing if the LTV is suddenly inverted.When the pieces suddenly don't fit the puzzle in front of us,the sinking feeling in the bottom of the stomach can be incredibly gut wrenching.Be careful.A voice in the wilderness,Jacksonville FL.

I understand the reservation as we CAN get all the puzzle pieces on the internet.

You've already got lots of financing advice, but not much about contractors- that's a tough piece of the puzzle. 

So far I've been screwing around looking for pieces of the puzzle that do not exist and the clock is ticking.