All Forum Posts by: John Fortes

Congratulations on your marriage and sounds like you on a mini vacation in Brazil. 

If I had to do it all over again, house hack a triplex with every intention of refinancing into another one down the road to house hack and do it again. Once I've done this a few times, I'd then look for a SF home knowing the other investments are going to be paying for it. Again, this is what I would do. The goal here is live off of my investments to pay for my lifestyle. 

This is a personal decision and what your spouse and you have to be comfortable with. Though you are going to receive a ton of different opinions and probably some solicitation here, at the end of the day, its a personal decision that you and your wife have to come to. Happy investing!

Can't tell if you're trying to JV or syndicate this deal.

Consult with the proper attorneys to help guide you through this. 

There is no secret sauce to raising capital. Just have to be the one that specializes in these investments between you and your personal network. Once you've exhausted your personal network and have even potentially proven the concept use the referral from your friends and family network. Happy investing!

Congrats on the the final year of your college years. I would try to be an assistant to someone in the industry. I see a good amount of young guys at that 25 year age being executive assistants to others and they are building not only their education and scaling their learning curve, they are also building a good network skill set along with credibility and network. Go get em and happy investing!

I agree with @Taylor L. and go direct with your network. 

There is a fallacy with that find a deal and the money will come notion, I hate this thinking. It's all predicated on the idea of having a great network. If you haven't built your network than finding a deal will most likely not do you any good. Your investors need to know, like and trust you. Hence why you should start with your internal network. The next step or wave of investors will come from referrals and others seeing what you are doing and providing that it will be easier. Lastly, the goal is to be known as the one with the opportunities so the relationship building aspect gets easier every time. 

I hate that 

 Thanks for reaching out Vanessa! Great to hear you are investing in Brockton. I'll update you shortly. Appreciate you!

Just make sure the details line up. There can be multiple partners in a syndication so if indeed you are part of many groups you may see the same opportunity twice or even three times. Many people are associates and previous partners of each other. 

 I agree here. Why even be involved if the deal is not cash flowing properly? Even suggests that it was not conservatively underwritten. I don't get it! I've passed on deals like this before and why would you want to expose your investors to this? @Brian Burke makes a great point about a deal going sour. This is on the cusp. 

@Greg Dickerson hit it on the head. @Alina Trigub references Warren Buffet. @Danny Randazzo suggestion to connect with @Dan Handford or even subscribe to his podcasts will help as well.

The fact that you can naturally associate yourself in first conversations with others is great. Just get in those spaces now. There is no secret sauce or location or thing, its a mixture of being yourself and being in the right places. Also, provide something that your current investors can share with their friends and network and see if they can help make connections for you. 

Seeing conservative investments starting at 13% or more. If the rent bump is aggressive per @Taylor L., I'm usually avoiding those. As every investor is different and has a different risk tolerance, this is primarily a conversation with your investors to find out what will work for you and your opportunities to put in front of them. 

Happy investing!

Per the comment above, I second this book. Also, ask your coach to show you a visual of how that structure is modeled.