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All Forum Posts by: John Fortes

John Fortes has started 58 posts and replied 579 times.

Post: Looking for Multi family

John Fortes
Pro Member
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 602
  • Votes 346

While you are learning the business, identify your criteria for investments that you are comfortable with. These go hand in hand as it will help you identify what the ideal (not perfect investment because there is no such thing) investment looks like. Happy investing!

Post: What would you do in my shoes?

John Fortes
Pro Member
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 602
  • Votes 346

Lot's of great comments and suggestions here. Invest in an asset that you feel comfortable investing in. If you aren't comfortable or it might be too much work, find something convenient for you that fits your investment style and continue to educate yourself so that you can do it on your own later. All about finding what fits for you and a market that you are comfortable in. Happy investing!

Post: New Software Engineer with questions about investment properties

John Fortes
Pro Member
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 602
  • Votes 346

Congrats on your new transition out of school. 

As @Lane Kawaoka suggests, keep meeting new accredited investors and look at assets you can scale. Multifamily fits this criteria. Most importantly, learn the business and learn how to operate these assets. Being a great operator is of utmost importance once you have the trust of your investors. 

Post: Find the deal the money will come!!! Myth or Reality??

John Fortes
Pro Member
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 602
  • Votes 346

Good to see you being active @Leslie Awasom. It's like the chicken and egg thing, which came first? You can find a deal but you have to actively be building your investor database. Keep building those relationships for when you do have a deal.

Personally, if I don't know you, you don't get my monies for your knock it out of the park deal. Just put yourself in their shoes and think about it from the investors perspective. Happy investing!

Post: I want to invest in multifamily apartment buildings

John Fortes
Pro Member
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 602
  • Votes 346

Educating yourself with books and podcasts would be a start. I would suggest investing in a syndication as you continue to educate yourself but of course, properly vet out the sponsors you decide to invest with. Then when you feel comfortable, start looking at multifamily assets with a unit range that you are comfortable with all while you continue to invest in others. When you invest in other deals, it gives you two sides of the perspective. You see how others are doing it, you also get familiar how investors think and ask questions so you can be prepared when you start building your investor database. All while you continue to educate yourself. It's good to see how others are communicating and operating. Everyone has their own style. Happy investing!

Post: Why buy SFRs or small Multis if Syndications have more upside?

John Fortes
Pro Member
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 602
  • Votes 346

You ask a great question and quite frankly there is no real honest answer. Only YOU or the INVESTOR can truly answer that. If you want to control your portfolio then continue to buy and operate your own assets. Now if you want to just focus on those first 10 and you want to continue to leverage others to continue to build your wealth through syndications, then that might be the route for you. It's all about personal preference. End of the day, factor in the time and you can decide for yourself what direction you want to go in. Happy investing!

Post: Best ROI investment strategy with 150K

John Fortes
Pro Member
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 602
  • Votes 346

All depends on your risk tolerance and how it matches with your overall goal. Hearing everyone else's opinion is great but at the end of the day, you will go through the learning process. Happy investing!

Post: Rent VS Sale personal property

John Fortes
Pro Member
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 602
  • Votes 346

Help me to understand why you wouldn't want to clear your debt? Wouldn't that allow you to save more in the long run to explore more opportunities for cash flow in the future?

Post: Did we hit our business plan?

John Fortes
Pro Member
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 602
  • Votes 346

Thinking as an investor: getting a good return on my initial investment 3 years earlier than projected is a win. Now show me another deal to throw this capital back in. 

Thanks for playing and happy investing!

Post: Passive Syndication vs. Getting Hands On

John Fortes
Pro Member
Posted
  • Multi-Family Syndicator
  • Abington, MA
  • Posts 602
  • Votes 346

One person's experience can be completely different from another. Syndications aren't the end all be all. It's all a matter of what works for YOU, the individual. What ever your position, situation and circumstance is then only you know which path you will most likely to take. Just like there are investors of all sorts within this beautiful community, they all came to a point of what worked for them. Everything else is personal opinions shared through their personal experience. Happy investing!