All Forum Posts by: John Fortes

@Jordan Lucas love your ambition and its definitely realistic with direct focus.

If that is truly your goal, reverse engineer what that would look like. What does that look like in year 1 to year 5. Then what it looks like in 10 years, 15 years, 20 years, ect.

That will help cement some clarity. Look for mentors, education and conferences to attend along the way.

Your experiences and willingness to learn and apply dictate your final destination.

Happy investing!

@Greg Dickerson hit it on the head. As suggested many times and it cannot be emphasized enough, consult with your attorney and structure it appropriately for the purpose of how you will be using it. 

Happy Investing!

If the sponsor is lead on the deal with no previous experience? You have to ask yourself if you are comfortable with that.

If the sponsor has a team behind him (not a board committee) but has truly partnered with an experienced investor, that's a different discussion. Answer will vary by night and day on which side of this scenario this situation fits. 

Happy investing!

You made some great suggestions as to what you should/could do with that capital. Rule number one, never disclose in an open forum how much. 

The comment you made about buying a house and then leveraging it would be something I would avoid if you can with excess capital. You can purchase multiple cash flowing assets to help fund or purchase and pay for your own home one day if you are patient to utilize that capital to work for you now. 

All the options you suggest, you will hear different viewpoints on which way to sway towards. The only person that can truly answer that is you at the end of the day. Everything else is opinions that worked for many others. 

One thing you can try to do is sample all of them budget them all equally and see which option works for you and your lifestyle. If something sticks, keep perfecting it and save your primary residence for last once you get a good grasp on this and let your investments pay for it. 

Happy investing!

Welcome Shawn! Glad to have you. Continue to focus on your education and understand your areas of interest for investing. Visit those areas as often as you can to help get a better understand of your goals and business plans in those markets. Happy investing!

@John Cameron you definitely can. As mentioned above, educating yourself about the business and landscape as well as networking with others doing it. Paring those two together will help you in your journey.

Most important aspect is that you will always be learning and that never stops. You have to be able to adapt to quick changes and those that steadily progress over time. Education is key as well as networking. If you don't have good relationships with brokers, lenders, attorneys, start building those relationships immediately while you are building your investor database. It's very important to have all of these already established before even having a deal. Don't buy into finding the deal and the money will come theory, a passive investor doesn't really care about the deal if they don't know about the person behind the deal. I personally won't invest with anyone unless I truly have a relationship with them and gotten to know who they really are. All in all, people invest in people, then the deal.

Happy investing!

Agree with @Brian Burke here. Everyone has their own criteria and if this is one of them, might be tough to find an operator that doesn't include this. But consider this, if the sponsor was forced out due to a litigation because you opt to have this removed, who is going to manage the asset now? People invest in people then the deal.

Happy investing!

I wouldn't change the terms of the offering just because people are fearful and not thinking about investing. The world has completely changed in the blink of an eye and everyone is looking for some peace and certainty. There will be investors who have invested in a downturn before and it not new, some this is new and uncharted territory, while others have yet to make their first investment but are looking for their first investment and might hold off. 

It's unfortunate that this situation happened during your raise process. It's honorable of you as well to reach out to others and seek what they are doing, what's working and what's not through this beautiful forum. Commonality here is investors need some peace and confidence in something right now. 

Happy investing!

@Greg Moore appreciate you and thank you. That means the world to me. 🙏🏽