All Forum Posts by: Kole Moore

@James Hamling That makes sense, I did not know it entails this much. I guess my next question would be, how does one find a syndication to pay funds toward?

@Ashton Cleveland Thanks Ashton, I will definitely check that episode out!

@Nathan GesnerThat makes sense, wasn't too sure what a promising track record consisted of.

@Andy Mirza Is there any way to completely mitigate the risk when handing over my capital? Whats to stop someone to just take my money and run? 

@Nathan Gesner Sound advice! Thank you. I wont have that kind of experience any time soon and I don't want that to slow me down. If I were to syndicate with you, as a young in-experienced investor how could I gain your trust?

Hi there,

I am 21 going to college to be a civil engineer in Washington, once I graduate I plan to use syndication to invest in real estate. What I am scared about is getting burned with syndication, I have seen and heard about people getting large amounts of money taken from them because they did something wrong in the process. How can this be avoided? Is syndicating as useful as some talk about it considering the risk?

This is a interesting post for sure. Exciting to see the diverse ways people execute. Although from hearing horror stories of fellow new investors, would it be smart to use a company to manage ones rental properties? Asking cause having someone do this takes away experience but it also takes away the risk of getting in some sort of legal trouble.

Hello BP community,

I am trying to get into being a property manager in college to boost my resume early so when I get out of college I will have at least something to bring to the table. The problem is I have to be under a real estate broker or be a broker. Can this be any real estate broker or does it have to be specially a broker trained in management? I just need someone I can work under, I will do everything and bring properties to manage.

Thank you all,

Kole. 

Hello there,

I am trying to save in real estate while going to college. I want to do this by being a property manager. The problem is in Washington State to be a property manager you have to be a licensed broker and I am afraid being licensed will be an conflict in interest with investing in real estate later down the line. I diddnt fully understand but I was listening to bigger pockets, episode #336 about how it could conflict with some deals and get you in some legal issues when negotiating a deal. Should I hold off on being a property manager since I want to invest in the future considering the possible legal issues? Or would it be okay to become a broker considering the income could jumpstart me down the line financially, not to mention the access to MLS, money saved on being my own broker buying a house. Thank you! Anything helps!