All Forum Posts by: Louie Pullen

 Hey Colin, We are building a home in Wilmington at the moment. Hopefully done by the middle of June. 
Would love to attend the meet up. Can you provide more details (time,place,etc). thanks:)

Nobody?

Hi, 

I just listened to Mathew Sullivan on Joe Fairless's podcast. 

He runs QuantmRE  - https://quantmre.com

You can basically release equity out of your home or rental property without taking on any debt. 

The kicker is that they share in the upside of any appreciation that has occured when you sell. 

This whole model involves a cryptocurrency backed by audited pool of real estate assets (your equity).

Hopefully members far smarter than me can chime in on this. The thought of getting money out of my primary residence now without the monthly paymets of a HELOC or refinace is appealing but not sure if it worth it in the long run.

Keen to hear everyones thoughts

Im struggling to find historical Multifamily Foreclosure data. I was recently at the Intelligent Investors Real Estate Conference here in Los Angeles, and a syndicator told me that during the last financial crisis national multifamily defaults were <5% .   Is this possible ? I would of thought that number to be much higher.

Also, for members who lost money in Multifamily during that time, what happened? Too high LTV?Inexperience sponsers?Vacancies?lower rents?

 Think it really depends who you ask. I was told to limit it to 10% by a couple different advisors. The die-hard, low cost index fund people also tend to shy away from a lot of real estate exposure unless you are talking REITs

 Was managing rentals too time consuming? Im also drawn to syndications, especially at this stage of the market. Let the best in class sponsers do what they do best !

 I like your style :)

 Thanks for sharing this. Its surprising to see the 6% allocation to Hedge Funds given how poorly they have done in recent time. The thought must be that they will fair better when volatility increases in the markets ?

I think you are probably right. Most of the advisors I have talked to charge 1% of assets under managemet. The "alternative" investents they did show me were however were some of the worst ive seen. Long lockups, high minimums, high fees, etc

Thought it would be interesting to see what everyones % of their net worth is in Real Estate.

Also, how does your RE allocation break down (sfr, multi, debt, syndications, etc).

I find it interesting that most wealth advisors don't recommend more that 10% of your asset allocation to be in Alternative Investments which private RE investing falls into. Im not opposed to stocks and bonds, and will ease into a low cost index fund/bond portfolio over time. 

Im currently around 50% Real Estate and 50% Cash

RE Breakdown:

50% hard money debt funds (short term, low ltv)

40% Syndications (Value Add Multi, Self Storage, MHP, etc)

10% non-traded public REIT (Blackstone BREIT)

Look foward to getting a glimpse into everyone's portfolios :)