All Forum Posts by: Derrick Wallace

I listen to his stuff because it entertaining, funny and motivational but would I put my hard-earned money into one of his deals. NOPE. I want a sponsor that is spending the majority of their time working on managing the assets under their control, finding good deals and minding their fiduciary responsibilities. Not marketing themselves, running courses/mentorships and making videos. Just my 2 cents.

Very informative comments above. Thank you. My understanding is that Cap rate expansion in an economic down turn can still hurt you even with a value-add play. Are you guys building this in to your modeling and if so how much expansion are you planning for 1.5 - 2% increase. I am more interested in  holds for 5-7 years in order to build up momentum and reinvest that capital. 10 years just seems a little long for me. 

@Mark Allen  Are you referring to being diversified with respect to markets or with respect to investment (multifamily/retail office, etc) of both?  I like the idea of minimum holds but if the economy goes south the deal has to make sense for a longer hold period, correct?

The boom in rents may finally be over - Business Insider https://apple.news/AXD67uSxWSyKjZ742Jq2Hlw Interested in thoughts/comments from experienced syndicators. I am wanting to get in as a passive investor but very concerned that the timing is not right now.

Justin Windham Mark Nolan Thanks again. That was very helpful.

@Justin Windham @Mark Nolan

Thanks vey much for the clarification. Perhaps my 1099 income would be enough to qualify me. 

@Justin Windham

Thanks. I was not clear on that point. I will have investigate with my accountant if its worth setting up an LLC for post tax investments and utilize this route for tax advantaged accounts as well.

@Justin Windham

Do you still need to have self-employed business activity if you just want to roll over from previous employer 401k plans to self-directed/solo 401k? The advantages of the 401k for the real estate investor and lower fees are very attractive. 

How to save America's broken retirement system, according to the man who revolutionized investing for Main Street - Business Insider https://apple.news/A1rPsP0XiR1ijQA6nQLHIig

@Joe Fairless Wish I could change it but the wife and kids would kill me! Added my name to the contact list. Sounds like it will be a great event for learning and networking. Good luck and see you in 2018!