All Forum Posts by: Jonathan Barr

usually you will get the same or better returns then trying to do smaller deals yourself.

I think depends on how things play out with virus.  Longer businesses stay at lower capacity the bigger probability of a bigger crash.  I think anyone that was in any sort foreclosure trouble before all this will definitely going that route.   So definitely there will be uptick in some foreclosure activity.   Will be 2008 again, I think not.   The difference is this time around we have good loans.   Also took much quicker then it did during the last recession.   They actually learned from the last go figure.   It'll be interesting to see what the printing of money could do to inflation or what other fallout can come from that. We just need to continue to keep a close on things because there is always new big news almost everyday.  The fact that rates will be kept low for foreseeable future will help keep us from crashing.

@Evan Polaski Thank you for the feedback and appreciate your understanding.

@Bryan Hancock thank you for your advice.   That is what I am working on now our systems and outbound marketing w/ some automation. Everyone keeps on talking about all the dry powder but maybe that's for large funds but I don't think that reflects the more common investor.

@Brian Briscoe Thanks for the comments.   That's a good question we didn't ask where the funds are coming from.

I think what happened we got into deal sooner then some people were ready for.  We went over the sample deal package and not long after got into this deal. Also some peoples circumstances changed.   We are going foster the relationships we do have and I believe more them will invest the next time around.   We plan on stepping up our game on the marketing side to get in front of more people. I thought my close network would be enough but obviously I was wrong.

Hi Just wrote a blog post about this.   I'm in LA and have always invested until the last year.   Now I'm focused on investing out of state. 

https://www.jb2investments.com/blog/what-pushed-me-to-finally-invest-out-of-state

@Greg Dickerson thanks I have learned a lot through this process.   Next time I will be much better prepared.

Yes I am in the program and it has been effective for me.   I am getting close to closing on our first deal.   I a lot of the things can learn from the different BP books.   I think Michael Blank program is just accelerated way to proceed much quicker through the process.  Happy to connect to chat more.

@John Fortes thanks brother! I think the next time around some those that didn’t perform will the next time. Especially when I can show them that our current investment is doing well even during covid.

Hi BP community,

I wanted to share my experience working on funding my first larger syndication 71 unit apartment deal.  I had about almost 3 times the amount needed in verbal commitments.   When push came to shove more then 80% didn't perform. Many of it due to covid job/business affects and psychologically. I do already own an apartment building so was hoping that would give the track record needed.   The good thing is my partner and I have funds to make up the difference.  It was a wake up call to expand our network of investors.   So we will be working creating our own platform to open up our funnel. So Next time around are able to fund it no problem.

I just bring this up for any newer syndicators during this time. You will probably need to get 4-5 times soft commitments then you may need.   Obviously helpful if you have some of your capital as well.  I know some people out there haven't had any issues raising capital.   That seems true for those operators that have quite a long successful track record. Is anyone else out there experiencing something similar? 

Thanks,

Jonathan Barr

JB2investments.com