All Forum Posts by: Harish V.

1. Project running 2+ years late due to financing. Good projects should not face this issue. Experienced teams should have network to avoid such outcomes. Problem with underlying data and assumptions.

2. Missed opportunities. Brownfield credits missed, no explanation on why. PPP not taken advantage of. Points to problems with project analysis, network and management issues.

3. Missed market opportunity due to college reopening this year. Points to Management issues.

4. Multiple quarters of busy updates and changing directions, failure to find credible partners. Points to network issues and management credibility.

0 Votes

Many questions no answers. Mr Eric Bleau, Anna McClure all ran away. Never answered even PMs. Will keep this thread alive with our experience with Mr. Neal Bawa.

1 Vote

Originally posted by @Max Gradowitz:

There is a lot more to it than most people take into account. There is a cost to the initial education requirements. I can't remember how much it was to take the salesperson education requirements, I took mine over 10 years ago, but you should look into that. Then, the dues. My local association costs me a couple hundred bucks a quarter, so that's nearly a thousand each year. You can call your local association and ask them what their due costs are. Also, you want to be able to open lockboxes to show yourself properties, right? That's an additional monthly cost (at least with my association). Then, you have to hang your license under a broker in order to use your license. Most agree to a split of your commission when you work under their license, some agree to only a monthly desk fee. If you aren't actually practicing regularly, but only using your license for your own occasional investment purchase, you might end up where the only type of broker that will accept you will be a desk fee type, which is another cost you should account for.

I'm not trying to talk you out of it. Run the numbers and see if it makes sense to you. In fact, like @Nick C. said, you could use this as an opportunity to get into practicing RE as a part time gig, making it financially worth it. All I'm saying is 90% of the time, it doesn't make financial sense to do what you are describing.

Thanks for the input. I definitely would like to try and take this up as part time gig. Will see how this goes.

0 Votes

Originally posted by @Douglas F.:

Depending on where you hold your license, there can be monthly, quarterly, yearly dues that can cost hundreds of dollars to maintain.

I am in California. Any idea of the cost involved for maintain license? I think reporting to licensing authority will not be problem. Only problem can be prohibitive cost that outweighs benefits.

0 Votes

I am a do it yourself investor. Mostly single family home, buy and hold as passive activity. I was considering getting a SalesPerson license, mostly to allow me flexibility to

1. Write my own offers

2. Flexibility of not calling another agent if i want to see homes.

3. Use depreciation losses to offset the income - overcome limits of passive activity.

Any thoughts on disadvantages?

0 Votes

Just wanted to update community on the Neal Bawa/Grocapitus state of affairs with Buffalo project. New update after two months. Looks like things have started moving now. Though still picture is murky.

After 2 months the update is that "We are out of investor capital" and partner is loaning the venture money.

No mention of Brownfield credits money that was supposed to be enough to pay 10% preferred return. I did ask, as usual, do not expect to get response soon.

Thats huge amount of money they have been careless with. Still promising IRR 25%. I am sure hoping for that to happen and soon.

3 Votes

Neal Says something and different things happen. I am sure he has said he has pulled this off.

0 Votes

Originally posted by @Kevin K.:

I have to agree with Eric Johnson. If these mentors are so great at real estate investing, they should focus on running their funds, raising capital, finding deals etc..

There have been numerous posts on here about people paying $25k -$50k on “Bootcamps” or “Programs”. Those funds could be better utilized for a downpayment.

Next time your at an event, tell them you’ll give them an equity stake in your deal for $25k vs. giving them $25k cash. That way they will have a financial incentive for making sure the deal works out. If it doesn’t, then they lose the $25k off equity, but none of their own funds. see if they go for that. If they are so confident in you and their skills, it shouldn’t be an issue.

Good luck

Absolutely agree, though I will like to see what mentor takes up on that offer.

0 Votes

Hopefully you perform better using Neal Bawas method than Neal himself. His own deals fail to produce projected results. Good luck.

0 Votes

I will not use anything from Neal Bawa, it does not work well for his own deals, not sure how it will work for others. I have invested in some deals from Grocapitus. They are unable to even get financing for a deal that is supposed to have 30+ Return and constantly all possible interested parties drop out. Obviously they see something that Neal failed to see.

1 Vote

All Forum Posts by: Harish V.

Harish V. has started 3 posts and replied 178 times.

Post: Grocapitus - Anyone have experience with them?

Post: Grocapitus - Anyone have experience with them?

Post: Advantage/disadvantage of getting sales person license

Post: Advantage/disadvantage of getting sales person license

Post: Advantage/disadvantage of getting sales person license

Post: Grocapitus - Anyone have experience with them?

Post: Syndicated Residential Liquidation Deal Structure

Post: Multifamily Courses - Brad Sumrok or Neal Bawa?

Post: Multifamily Courses - Brad Sumrok or Neal Bawa?

Post: Neal Bawa Focus Metrics