All Forum Posts by: Denis Davydenko

Hello, BP community!

I would appreciate if some of you could recommend a good Real Estate attorney in Bay Area. I have a few promissory notes and would like to consult with professional regarding exit strategies.

@Jay Orlauski, thanks for the pointer, will definitely check that out!

@Ivan Barratt, @Chibuzor Nnaji, hope to talk to you soon!

I think that you nailed it, @Chibuzor Nnaji, thanks a lot for explaining! It is passive investment I am seeking for. Now the only question I have left is whether there are known and battle-proven ways to find such reputable companies or individuals that are looking to attract funds from passive investors like myself...

That is way too big per my understanding. I am not looking to diversify in hundreds of different properties. I am looking to invest with other investors into one huge property. Like 300-400 units apartment homes or similar.

REITs are too much connected with stock and I have this thing with stock - I don't trust it. It is enough that whole 401k of mine is in there, I don't want to tie up my investment fund in asset that is connected to stock :)

But thanks for replying anyway!

I figured after trying to evaluate multiple RE things that none of those is really to my taste. What I would like to understand now is whether there is a way to participate in an opportunity where some reputable company syndicating a multi million deal on a big property with 3-5 years plan for it and just buy some shares from that project so that after it is liquidated - I can get my 12%-20% ROI. If there will be some dividends along the way - even better. What should I look for? I mean - what is the name for such activities and where those companies are usually hanging out?

I am not looking for online things, I am looking for actual "brick and mortar" company that does RE investments and attract accredited investors to raise additional funds.

Looking to get a feedback and/or reviews of your experience as investor with Financial Attunement Inc. (http://financial-attunement.com). Thinking of trying to passively invest with them and would like to see if anyone here already had an experience of working with them in investor capacity.

The company's profile on BP is not very informative: https://www.biggerpockets.com/co/financialattunement.

Makes total sense, @Alex Deacon, appreciate your swift response!

I decided to take a safer route and become passive investor with private RE investment firm. They already have a portfolio of properties, their enter threshold is $75k. I would like to know what questions do I need to ask during the evaluation interview, face to face with one of the partners?

I have some questions in mind, but would like to know community's opinion on this subject.

Hi people,

I am in CA, but I have a friend in Sarasota, FL who suggested to try out building a duplex (or two) in Sarasota area and hold it for rent. There seems to be a decent GC available who estimates < $100 / sq.ft. Even if that is too optimistic and real price will end up being $130 - $150, I wonder what community would think about such an idea.

I am thinking of getting construction-to-perm loan (so I could leverage my cash) to fund this project. Also, if appreciation will go through the roof with all the baby boomers retiring and looking for properties like this - I am thinking about selling it in 3-4 years or so for quicker turn around.

I would appreciate your opinions as to what do you think will happen to Sarasota market in next 5 years.

@Karen Margrave, @Amy Wan, thanks a lot for responses, they definitely give me some food for thought.

I would definitely like to try something within a group of two or more people (but not crowdfunding) as there is nothing like real life experience. I guess I will have to look into theory more first to understand what suits me better.

I am not sure I can deal locally as my loan capital is in 5 - low 6 digits which is peanuts for Silicon Valley where I live. So I was hoping to try it out in different markets (for example I know Sarasota, FL market relatively well so maybe someone would be interested in that).

I don't know if I want residential or commercial - any pointers to posts that would give some material on that are greatly appreciated!

Once again, really thank you for your replies and additional pointers!