All Forum Posts by: Account Closed

Maybe, but unfortunately, in other ways it hasn't changed at all. BP still acting like it's just as easy to find quality cashflowing deals today as 5 years ago. Nothing could be further from the truth.

 Ya, we don't all just take the brokers word for it.

Not an issue for you guys these days though. In these market conditions you've people lined up putting in their highest and best while waiving inspections. Enjoy it while it lasts. 

If anything is possible, then I want to play starting quarterback in the NFL. I'm pretty sure there is no plan of action that's going to make that a reality without the ability required at that level.

-I know often it's the spirit of the advice that matters, but there are limits. The reason we aren't all billionaires together right now isn't because we are all lazy or don't want it bad enough. 

 Expect to get robbed. You're going to have to be personally hands on and knowledgeable. I watched a woman hire a PM and then GC under him to rehab a 6 unit in Los Angeles. "Delegating", she thought she was doing. They both took her to the cleaners for over a year till she fired them. Along the way they were even flagrant enough to comment to the neighbors "this lady's got money to burn". 

 Lol, you beat me to the first response.

Agree... fully.

 Start with looking up what an accredited investor is. Being one never automatically imparted me with the knowledge and expertise necessary to properly dissect a sponsor or his plan, let alone influence him along the way. Sure doesn't stop them from wanting to take my money though

 If only it were that easy. You can't "assume" a return. Syndications fail all the time. There may be people who think they are masters at vetting syndication's and have enough pull to form a cabal and force their will on the sponsors if things go awry, but that doesn't apply the OP, evidenced by the questions he is asking.

If 10% from syndications was assumable and accessible to the rest of us unconnected non-professionals, we'd all have a real hard time justifying 80% of whats in the rest of our portfolios. I can't get an "assumable" 10% on anything, in any asset class right now. Aiming for double digit returns in these markets today requires some pretty serious speculation. Yet syndications are somehow just sitting right there in plain sight, offering a safe and easy 10%? No. 

Except finding a quality syndication that can survive a conservative vetting process is rarer than hell, especially if your pool of options is public platforms.

https://www.therealestatecrowd...

 I don't think Ian Oppolito is wrong. 

 That's encouraging to hear, but a deal is only a deal if it survives my underwriting- not someone else's- and comes out cashflowing.