All Forum Posts by: John Fortes

Have you worked with a SEC attorney already on this project? If so, reach out to them and see what you filed this one under. Best to utilize them if you already paid for the services. If not, reach out and set up a consultation. I'm sure @Amy Wan, @Kim Lisa Taylor @Jillian Sidoti or @Mauricio Rauld would be more than happy to help. 

Goal for 2020 is to help educate passive investors to find sponsors, source opportunities, build relationships and help build/improve their legacy and net-worth. I truly enjoy helping others achieve their goals and contribute in any way I can. 

Great post you have going with this one. 

All truly depends on the individual, some might take the seed capital and just fund investments and hope they perform as expected. This will likely be an experienced investor that knows how to vet an operator, run numbers & has the gall to say no. 

Some might find comfort in paying off their home and investing the rest. Peace of mind is valuable to many. Also depends on where they are in live. 

Some might take a portion to the market and invest the rest in real estate. All depends on the investor. 

It's all personal preference and its interesting to hear the many avenues one would take in this particular post. This is a fun exercise 

Hello @Benny Morfas hope all is well. Don't want to read too much into your post but if you are injured/sick I wish you well and hope you get better. 

You will soon be flooded with replies and potentially contacted by private message since you stated you would like to be a passive investor. What I would recommend is do your homework on the sponsor you decide to invest with. Whether they reached out to you or not, the sponsor is more important than the actual deal. Investing with an experienced team will provide the comfort of your returns to hit consistently as well as handle any difficult situations that could arise. Hope this helps! 

Happy investing!

I think a mentor would help anyone if you find the proper one. Some mentorships come in the form of podcasts, books and online research. Other's come in the form of a person you are putting in sweat equity with. Lastly there's the paid mentorship programs. I cannot speak for anyone but it's a personal decision at the end of the deal. Just do your research, make sure they are active and practicing what they preach and how beneficial would it be to you growing and learning. 

Happy investing!

Don't believe the hype on find the deal and the money will come. You can have the greatest deal in the world and you still won't find the money. Instead build relationships all while learning the business. Make meaningful connections and be yourself. Don't get fooled by all these other "sounds too good to be true" antics and comments about money raising. 

Think of it like the chicken and the egg thing, which came first? It's easier to build relationships with investors than to have a deal and seek investors. Hope this help provide some perspective. 

I've met a ton of people that mean well on here and have had many meaningful conversations. 

I've also been solicited directly from posts to my inbox. You can't stop it, just try to ignore it. 

Hello @Calvin Lin I'm just south of you in Brockton. Would be happy to connect sometime. 

With that much access to capital, my direct focus would be taking abandoned apartment building's with a great shell and revitalizing them to their original purpose. There are quit a few of those if you go south and north outside of Boston. Just a suggestions but good luck going forward!

Happy investing!

All depends on what your risk tolerance is and if you feel confident in the sponsor you end up investing with. 

Now here's one way to tackle it. I don't know how much you have left owed on your home when you receive the HELOC but if you feel good about the investment and the returns and project work out well. You can then turn around and use the HELOC investment to pay down the balance of your mortgage and position yourself to pay off your home.

As always consult with your accountant to see if the tax benefits pertain to you if you invest in a syndication. Also, see if your state qualifies for bonus depreciation. 

Welcome to the community and I truly love your goals. You will definitely find a ton of useful information here.

Happy investing!