All Forum Posts by: Brian Lewis

I’m interested in any nyc meetups. @John Spina jr when is your next one? How do I find date time address info?

Thank you everybody for your advice and replies. I have to catch up and read everything you've sent but it seems from the responses that syndication isn't for me just yet. I'll keep looking for a SFH and MFH

 How much money are we talking? I have some. Is 50k good to start? Or you think I need to get more. I know some people who have money also.

Thanks for all the replies everybody. Anybody who just got here please add to the discussion. I know that I can do a lot of self education but the more you guys say the more I know what I should even be looking for. Educating yourself is really tough as a novice.

No, I am not an accredited investor. I can commit up to 50k. I don't really know how to answer the term/duration, or the IRR question. What is IRR? Well actually, I know it's Internal Rate of Return but why did you ask that specific question? No preferred asset class. Not really sure how to answer that either.

I have 50k to invest and my risk tolerance is high! I am a math teacher in NY so job security isnt an issue. Im looking for opportunities to create more cash flow so I can replace my salary.(like everybody else).

First of all, @Bruce Petersen and @Brian Burke I'd like to just appreciate all the BR action while I'm trying to learn how to BRRRR. Thank you for replying but I have further questions. I can learn from you two right now! Both of your user names say Syndicator next to it, so it seems you are the type of people I need to speak to. How do I get involved with people like you If i have money to invest? What different levels are there? In what ways can you make money in syndication?

My main goal in Real Estate is to generate cash flow. From listening to the podcast, it seems like getting in with a successful syndicator can be a good way to make good money. How do I find these syndicators? How do I know who is good? I imagine there are many syndicators on bigger pockets. I love the idea of owning a piece of an apartment building. I'm interested in the Atlanta region but honestly if it makes me money, I don't really care?  I asked a lot of questions but I'm just trying to learn more about these big syndication deals. The guy on the podcast said if your dream is get into commercial multifamily then dont bother starting small, just jump right into commercial multifamily... welll uhhh i don't know how to do that. I don't have that much money and I have ZERO experience. 

Hey @Andrew A., I'm curious, I'm considering doing pretty much exactly what you did except Michigan rather than Ohio. How much savings did you have when you moved? How many properties do you own now? are you gonna make it? where do you personally live? Do you mind sharing a little more about your experience? Also, did you have ANY experience with real estate BEFORE you moved??

Im a newbie but I also am reading that book. There's no reason why you can't work with a wholesaler and a realtor. You could take a deal from a wholesaler and run it by a realtor. This would make that agent happy because you brought them a deal and they would want to do business with you in the future. (I have no experience but this is what I've gathered from listening to the podcasts)