All Forum Posts by: John Fortes

Continue to grow your $60k till you have a defined and clear vision of where you want to invest it. Figure out if you want to be active or passive. Just as @Ivan Barratt states, continue to self educate yourself, go to conferences that interest you, read books, go to meetups, ect till you figure out what part of the journey you are going to take. 

Happy investing!

Raising capital starts with your inner circle. People invest with people first then the deal second. You have the tools and background so think of it this way, if your friend had the opportunity and the background that you have would you listen to what they had to say? 

Happy investing!

You're getting a mixed bag here. Do you have a team (accountant, CPA) that you can bounce this off of and guide you to the right decision for you? All in all, as you can see and read in the comments, its a matter of what the market values the items and not what you cherish as a prize possession. Good luck!

There are a ton of multifamily real estate conferences out there as well. I just recorded a podcast on how to navigate a conference as it can be overwhelming. Have a plan going in and what you are seeking to get out of a conference. Happy investing!

Just finished: Blue Ocean Strategy, Mindset, Jay-Z, The way of the Superior Man and Ted Talks

Currently reading: Super Attractor by Gabrielle Bernstein

Next up: Can't Hurt Me, Failing Up, The Like Switch and The Power of Self-Compassion

Knowing your investors is the best way to go about structuring your deal in the beginning. But as you gain a track record, you can establish the terms that work for all parties. Using a combination of pref and equity is the typical structure investors are used to. New investors you'll have to educate what that looks like and experienced investors will already have the knowledge of the terms. Happy investing!

How wide is your trusted network? Remember, investors invest in you not so much the deal. They are trusting you with their capital at the end of the day. They look at the team then the deal. Hope this helps and happy investing!

If your investor is truly passive, please consult with a security attorney as it sounds like you can be getting into selling a security territory. Start with @Kim Lisa Taylor @Mauricio Rauld @Amy Wan & @Jillian Sidoti to get the ball rolling. 

Congrats on turning the wheels and seeking your first investment property at such an early age. 

If part of your plan is to become an agent to sell homes to others as well then seek your license. If you have no desire to sell homes outside of investing then you do not need a license. Hope this helps and happy investing. 

https://johnfortes.com/jf42-qh-constructing-your-goals/

Quick hitters help provide details to passive investors to understand the structure, mindset or process of investing in real estate. Constructing your goals can be daunting but this episode provides a tip to refining the process.

Thank you for tuning in, till next time!

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For those seeking passive investing, passive income, passive returns, investing passively, limited partnership, real estate investing within syndications.