All Forum Posts by: Bobby Shell

 500k is the low ball it sounded like? That is fair.

Questions to make sure I do not give you my subjective opinion, but an educated answer...

1) do you want to be active or passive long term?

2) What is your end goal of real estate, why are you into real estate?

3) Are you comfortable investing out of state?

4) Are you ok having that capital locked up for 3-7 years?

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my subjective thought...

Me personally. Find a syndication partner like @Will Fraser said with those terms he listed. I would want someone who has experience through the last recession.

@Ronan Donnelly low ball me here, but what is an entertaining level GP amount? Obviously this could be sky high, but entertain my Q because you raise a great point!

@Joel S.

What is your hesitation doing syndications for 5-7 years (or less just throwing this out there) and then doing them on your own?

I’m curious before I start firing off my opinion or what I think are valid answers to your great Q.

 I share your sentiment, but I had a friend who paid 25-30k for a mentorship program, and now he is the underwriter doing syndication deals and he has his mentor double checking everything he does before the deal even gets started to make sure the underwriting is good, and the deal makes sense. This "mentorship" also gets him access to his mentors network and net worth. This alone is letting him get started MUCH faster into syndications.

If you are not making 6 figures or have a healthy net worth saved it may not be for you. But these mentorships from what I have learned will get you on the fast track and in the round table with people who have 15-30 years experience so that you can become an active investor faster.

This may not be the same for all mentorship programs. I personally will not pay this and plan to passively invest. But this is WHY some of these mentors charge the high $. They want a barrier to entry because most people are all talk. And someone who will pay 25-30k+ for their valuable time will make them 5-10x+ over a lifetime if they are serious about the career of an active real estate investor.

@Mary Blanco my tax professional and lawyer told me an LLC does not protect me at all. Umbrella insurance will. You need to talk to your tax professional and a lawyer to make sure.

And LLC also ads more costs to doing your taxes vs. keeping it under your name and paying $x monthly for umbrella insurance.

@Brendan Markle I work for a digital marketing company and have had a client who does fix and flips in York pa for the last 5 years and they are killing it. They are buying homes for cash outright then adding value and selling them again. It is definitely a intriguing area. I personally have never been in the area but my clients are making s good living for their family and have been for years

@Jermell Shavers

Real estate syndications. Yeaaah!!!

@Theresa Harris agreed 8: it’s not up to code you will have problems and risk of issues

@Jazlynn Gibbs

Please and thank you! After these tweets today let’s make this thing crash!

I feel sad saying that for those retiring, but we are long overdo!!!!