All Forum Posts by: Marc S.

Afternoon BP Community,

I am beginning my RE Investment after months of paralysis analysis. I will be investing in a Syndication after doing a lot of research and homework, I'm confident it will produce great cash flow, IRR, and great preferred returns.

Now that I will be making my investment, I am unsure how to procedure when it comes to setting up my banking account. I have read various comments and it seems that a majority of investors have a separate account for any dealings that involve their RE ventures, keeping it separate from their personal accounts. So, I am really not sure exactly what that means as dumb as that may sound. 

Do I walk into my bank and say I want to open a separate account or do I need to open a separate "business" account. If so, do I place the investment money into that account so that it's withdrawn from the Syndication that way? Also, I then assume that once I start receiving income, I want those deposits made into that newly created account which will help come tax season time as well.  Also, this is just the start of my RE adventure! As I plan on buying my first multifamily this year as well, so should I open a separate account for every investment so that everything has its own paperwork? 

Can anyone also comment on how beneficial this is for any personal liability by keeping it separate from my personal account.  Hope this questions makes sense and that I am at least on the right path to becoming a better investor.  

I would love some advice for my first time investment from seasoned investors as I will probably post this in a few different forums to get different feedback.  

Thank you!

Marc S. 

 Thank you @Paul Moore! It's funny you mention that book, as I just finished it last night and after reading it, I have a pretty decent amount of questions I am going to ask.  Maybe if you're ok with it I can email them to you and let me know what you think and if I'm on the right track in terms of getting the right information out of my Q and A.  

 Great links! I will def read them over. Thank you for the info. 

 This is great information, thank you so much! 

 Thank you! These are great things for me to go over. 

Morning BP community.

I was presented with a Syndication opportunity. I am fairly "green" in this type of investments and I am still in the process of investing in my first owed RE property. I have done a decent amount of research about the pros and cons of Syndication and being that it is being provided to me by a family friend, I want to be able provide some valid and competent Q and A, so it appears like I know what I'm doing (haha). My goal is to still obtain my first property of a multifamily, but I am thinking long term and the bigger picture and want to not limit myself to possible cash flow opportunities like this, especially since it's been coined "passive income".

If anyone can help and provide some of the "most" asked questions I should have in mind, specific information I should be looking for, I've been given the Offering Circular, I would appreciate any help! I am doing my DD on the GP of the offering and the company that he is associated with so I feel that is a good start being that is the backbone of the deal, if the operator doesn't know what he is doing, what's the point of investing.

I appreciate any feedback as I will probably post this in a couple of forums to get various opinions.

Thank you!

Morning BP community.  

I was presented with a Syndication opportunity.  I am fairly "green" in this type of investments and I am still in the process of investing in my first owed RE property.  I have done a decent amount of research about the pros and cons of Syndication and being that it is being provided to me by a family friend,  I want to be able provide some valid and competent Q and A, so it appears like I know what I'm doing (haha).  My goal is to still obtain my first property of a multifamily, but I am thinking long term and the bigger picture and want to not limit myself to possible cash flow opportunities like this, especially since it's been coined "passive income".  

If anyone can help and provide some of the "most" asked questions I should have in mind, specific information I should be looking for, I've been given the Offering Circular, I would appreciate any help! I am doing my DD on the GP of the offering and the company that he is associated with so I feel that is a good start being that is the backbone of the deal, if the operator doesn't know what he is doing, what's the point of investing.  

I appreciate any feedback as I will probably post this in a couple of forums to get various opinions.  

Thank you! 

Hello BP Groups,

So not sure where to start or begin but I came across a possible wholesale deal and I'm in it and not sure what to do lol. I got sent a deal , location is Tamp Fl, property is selling for 142k, ARV is 295K, rehab is about 45k. I was provided with comps to confirm with ARV. I can move in and put a nonrefun deposit for 5k and close within 2 weeks. I guess I am thinking it's too good of a deal to be true but I want to move in if its not! Do I start looking for potential buyers? Thanks for any input!!

Does anyone have any suggestions in terms of podcasts, books, or maybe their own spreadsheets they created in getting their wife/husband on board or to explain the benefits of RE investing?  I already read Rich Dad Poor dad, and I was going to start off with that and go from there.  

Thank you. 

@Jay Hinrichs.  Do you offer quotes for first time buyers who aren't investing in NV?  I currently live in NY and am looking at getting my 1st RE investment property out of state and I would prefer to work with a small "bank", as opposed to the big names.  

Thank you, and look forward to hearing from you. 

Marc