All Forum Posts by: Gary Charlton

Hi BP Community,

I have been offered a chance to jump in on a syndication deal. This would be the first syndication that I have been apart of and I am wanting some help.

I would like to know what sort of things I should be looking out for with a syndication to make sure it is what I should be investing in.

I am confident in the deal that was put forward to me. I am just wanting to know what I should be looking for from the syndicators and the structure more than the deal.

I really want to learn a lot from this syndication as I would like to do my own syndication in the years to come and feel like this would be the best way to learn how to do it properly. 

Any help would be greatly appreciated.

Cheers

Lisa B. Welcome to the World of Biggerpockets. Congratulations on taking the first of many small steps on your road to success in real estate. It's good to see you are diving in and reading and learning as much as you can. I would recommend you listen to the podcasts to hear from people who have been investing in real estate to help you answer some of those questions you have. If you have any questions feel free to reach out and ask. I wish you luck on your real estate investing journey and know that the community of Biggerpockets is hear to help in anyway possible. All the best Gary

Chris Holmes Welcome to the wonderful world of BP. I am an investor from Australia who is looking to do some investing in Buffalo, NY. I am currently searching for agents to help me with purchasing foreclosures. If I come across any that have experience with wholesaling properties I will pass there details on to you. When you have a deal feel free to contact me and I will take a look and see if it meets my criteria. Until then happy investing Cheers Gary

@ karenbarber I have looked into the turnkey investing side of property extensively in Australia and its not really me. I am a realtor and a property manager here in Australia and enjoy the hands on approach to real estate investing instead of the passive investing that you get from turnkey investing. I will buy some turnkey investments down the road but that will mainly be when I am 1031 exchanging big gains into safer more lucrative investments.

@evacherkova Thanks for the link I will have a read shortly.

@Dassiva Thanks for the extensive answer. I will put a lot of that to use on this deal and will keep you updated on my progress as I go along.

Thanks @donbelsky I will contact them and ask for a CMA. I didnt realise CMA's were used by brokers in the US very often. They are used extensively over here in Australia and are always a good insight into the property and the surrounding market.

Hi BP community, I am new to the flipping side of real estate and I am trying to run numbers on a flip that I am looking into and I am struggling to come up with what would be a good resale price once the flip is complete. I have asked for comps from my realtor and he has provided them to me but I am now unsure of how to go about assessing them. Does anyone have any good advice or tips on how to evaluate the comps so I can set my sale price? Thanks for your help Cheers Gary

Hi BP, I am new to the real estate investing space in the US. I live in Australia so everything I do is a bit more challenging at times. I am seeking advice on what I should be looking for when hiring a contractor to help me undertake my rehab? What types of questions and references should I ask? Thank you Gary

Thanks Brandon Turner and the creative team at BP. This will go a long way to keeping track of my portfolio so financing future deals will be more streamlined.

Hi Bigger Pockets Friends,

I am wondering if anoyone knows of any webinars, books, seminars or educational material about owner financing that I could take a look at to better understand how owner financing works?

Cheers 

Gary

Hi All,

I have been trying for sometime now to drum up some investor capital to be able to purchase a multifamily apartment building in FL. The problem is that being new to investing in multifamily buildings I am having trouble selling my deal to them. At first I thought it was just my experience which I could understand. As time went on I was wondering if it was perhaps the way I was structuring the deal that was the problem. 

So the deal is for $1,200,000 purchase of 21 units. I am asking for an investment of  $300,000. Generating gross operating income $190,000 with $80,000 expenses leaving $110,000 after taxes and interest left with $60,000 profit in the pocket.

The way I am structuring the deal is that If the investor puts up $300,000 they will have 85% ($50,000) of the profit and being that I will be doing the day to day managing of the deal 15%($10,000) per year. 

I have in my business plan revenue increasing methods (market rent, Washer dryer in room) as well as the rehab of units starting year 2 to increase rents. The deal at this stage is structured on a 5 year investment with a potential to stay in the deal for another 5 years.

Am I taking to much of the profit and therefore putting potential investors off the deal?

Am I not showing significant returns to warrant an investment?

Is the deal and the deal structure ok just that because I am new peolpe dont trust me enough?

Any help about my current situation would be greatly appreciated.

Cheers

Gary