All Forum Posts by: Jason Thompson

I respectfully disagree. Looking at a marco view of the cycle were in, its arguably harder out there to find easy deals that will cashflow or generate instant passive streams. If you are a bullish right now and want to put your capital to work you need to focus on a few things: (theres more than just this, just some ex.)

1. acquisitions with discounts. no bidding wars, I can almost guarantee you purchasing at asking price in any hood wont give you good COC

2. BRRRR method - this is still okay if you do your personal uw clearly with accurate pro forma #s

3. STR - short term rentals is where I see a lot of experienced players gravitate towards. The average person this time and day likes to live lavish and spend money. Airbnb is hot. It just depends if that's your style of investing.

Be smart, don't just buy to buy. This is a time in the market where it is really important to know where you stand amongst the masses. It depends where you are in your investing career that will lead you to the answer to the questions you ask.

happy hunting, gl.

Thank you for your advice. Do you think break-even ratios and DSC would be a good hedge against a deteriorating market, making it less risky?

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Quote from @Justin Hammerle:

don't wait to buy real estate, buy real estate and wait : )

Excellent advice Justin

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With so much speculation about the market and its direction, are you waiting on the sidelines, ready to pounce, or are you still pushing forward with conservative underwriting regardless of what the market does?

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Hi Theodore, I suggest job 2. The objective is to leverage both time and money. You can use the time you save in this option to learn/ gain experience, adding value to others in the industry. If your investment opportunities are solid enough, you can leverage OPM 'other people's money' to fund the deal. I hope this helps. Congratulations on your pursuit of real estate. All the best, Theodore.

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Philadelphia, Pennsylvania

Hi guys, I need some help with this, please;

I am using Renomy to get the property owner's contact information. What can I and can't I do to contact the owners about the possibility of selling via text, calling and email?

Thank you in advance for helping me.

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Quote from @Paul Moore:

HI @Jason Thompson! It is so hard to get started in this business as the comments above point out. I am not trying to sell books, however my BP book on self storage devotes the last 1/3 of the book to the topic of how to get started in real estate syndications. (It specifically addresses self storage, but the paths are the same for other asset types.)

I also covered this many times on BiggerPockets Facebook Live events if you can dig those out from around 2020 and 2021. Best wishes and happy investing!

Hi Paul thanks for the post see attached, I loved your book, you're extremely talented thanks for sharing your wisdom!

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Quote from @Zorya Belanger:

Hi @Jason Thompson fellow Canadian here and I second what Stevo said about differences in the US vs Canada. Not only about raising capital, but typical size of deals, financing, structures and so much more. So just keep that in mind when getting advice.
I also agree that doing a joint venture with one other person is a great way to start. That’s how I started, and now I’ve done 4 syndications on 6-8 unit new builds. By syndication, I mean I brought in multiple investors on one property.
It is a very true that it’s hard be a co-GP without much experience. I have some experience with this as well.

Keyspire is one of the Canadian groups out there, but there are many more. Especially since covid, there are so many options depending on your strategy, budget, and goals. If you need help navigating this landscape, happy to have a call. Joining some sort of group/program/mastermind is the way to go to build your network. You’ve done the reading, now time to get connected and do some deals!

Hi, Zorya. Thank you kindly for the response. I suppose I should have specified, but I am looking to invest in the US as the limitations and opportunities in Canada for the criteria I am looking for; Class C, Construction 1980's and newer, Price $12M-$17M, with 100 units or more is highly challenging to acquire, here in Canada. I am currently in the process of 'mini' syndication of a 12-unit new build. I have heard good things about Keyspire, as well as Wealth Genius. Thanks again for the post. It sounds like you're on the right trajectory for success! All the best, Zorya.

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Quote from @Brock Mogensen:

Quote from @Jason Thompson:

Quote from @Brock Mogensen:

To syndicate real estate, you either need a track record of experience or partner with someone that has the track record/experience. Investors and banks will want to see the experience.

Prior to syndicating your first deal, you need to spend time educating yourself on not just real estate but specifically syndication.

Underwriting, deal structure, legal processes, due diligence, asset management, investor relations - all very important components.

Syndication can be a lucrative strategy, but it's not something you can just jump into.

It took me 12 months of studying everything I've outlined above before I felt ready to syndicate my first deal.

Hey Brock what books did you study during the 12 months prior to syndicating your first deal?

My favorite book on syndication is Joe Fairless Best Ever Apartment Syndication

Hi Brock I just started reading this a couple of days ago it's a great read thank you!

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All Forum Posts by: Jason Thompson

Jason Thompson has started 51 posts and replied 210 times.

Post: to buy or to wait?

Post: to buy or to wait?

Post: to buy or to wait?

Post: to buy or to wait?

Post: to buy or to wait?

Post: Should I take more time for less money?

Post: Cold Calling, texting, and email

Post: advice for starting a syndication

Post: advice for starting a syndication

Post: advice for starting a syndication