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All Forum Posts by: Marquis Cobb

Marquis Cobb has started 6 posts and replied 19 times.

Post: Special lending opportunity

Marquis CobbPosted
  • Investor
  • Las Vegas NV
  • Posts 21
  • Votes 4

Hello all, I have an opportunity available for any personal private lenders.

So this is a special situation. Its not the typical real estate loan for a property per say.

For my situation, I have been learning about apartment syndication. I was recently contacted by a company called Deal Estate.AI they use AI technology to get deal flow, investors, and underwrite properties. They are interested in making me one of their solo general partners for future deals. They require their new general partners to put $65,500 into their first deal.

That's why I am reaching out to the community. I am looking for a private lender to structure a loan with for the $65,500.

I would be happy to get on a call with anyone to go into more detail if they are interested just shoot me an inbox message!

Thank you,

Marquis

Post: Personal lending opportunity

Marquis CobbPosted
  • Investor
  • Las Vegas NV
  • Posts 21
  • Votes 4

Hello all, I have an opportunity available for any personal private lenders.

So this is a special situation. Its not the typical real estate loan for a property per say.

For my situation, I have been learning about apartment syndication. I was recently contacted by a company called Deal Estate.AI they use AI technology to get deal flow, investors, and underwrite properties. They are interested in making me one of their solo general partners for future deals. They require their new general partners to put $65,500 into their first deal.

That's why I am reaching out to the community. I am looking for a private lender to structure a loan with for the $65,500.

I would be happy to get on a call with anyone to go into more detail if they are interested just shoot me an inbox message!

Thank you,

Marquis

Post: Looking for a private lender interest in Mobil Home Investing

Marquis CobbPosted
  • Investor
  • Las Vegas NV
  • Posts 21
  • Votes 4

Thank you! I found the funding I needed in an investor Facebook group

Post: Looking for a private lender interest in Mobil Home Investing

Marquis CobbPosted
  • Investor
  • Las Vegas NV
  • Posts 21
  • Votes 4

Hello fellow investors,

I'm looking for a private lender for a mobile home flip located in Sumter SC. Under contract for $10k and repairs are estimated at $3k. Offering a 12% return for a single investor in 6-10 months.

Please PM me for more details

Thank you!

Post: Sponsor for syndication

Marquis CobbPosted
  • Investor
  • Las Vegas NV
  • Posts 21
  • Votes 4
Quote from @Amir Khan:
Quote from @Marquis Cobb:

The mentorship mainly focused on the education and coaching. The creator of the program does sponsor deals however they focus on much larger deals

 @Marquis Cobb I faced the same situation (however I did not join a mentorship program). I did educate myself about syndication, networked and put together a group of high net worth people interested in doing what I wanted to do (we tried to syndicate, came close but failed). So I tried and succeeded in alternative strategy; I started with smaller commercial multifamily deals that I could do myself. I've already done one cycle (BRRRR) myself without partners and I am on track to buy bigger units, so it can be done.

@Amir Khan did you just get your investors to fund your smaller multifamily deals?

Post: Sponsor for syndication

Marquis CobbPosted
  • Investor
  • Las Vegas NV
  • Posts 21
  • Votes 4

The mentorship mainly focused on the education and coaching. The creator of the program does sponsor deals however they focus on much larger deals

Post: Sponsor for syndication

Marquis CobbPosted
  • Investor
  • Las Vegas NV
  • Posts 21
  • Votes 4
Quote from @Brian Adams:

@Marquis Cobb When I first started I had a similar experience.

When you are reaching out to people to be a loan sponsor for a deal and they aren't responding, what are you asking them to do?

Brian, 
On the initial contact I'm just trying to build a relationship and maybe get on a call with them just so they can learn more about who I am and what value I can bring 

Post: Sponsor for syndication

Marquis CobbPosted
  • Investor
  • Las Vegas NV
  • Posts 21
  • Votes 4
Quote from @Gino Barbaro:

@Marquis Cobb

I would recommend attending events, such as Raise Fest, and meet ups, to find potential investors and sponsors. You also need to create a clear, concise business plan to share with sponsors.

Linkedin is a good platform to look for real estate investors. Do a deep dive in there to look for high net worth individuals

Good Luck

Gino


 Gino, 

Thank you for the advice. Love your podcast by the way! I have been trying to build my LinkedIn profile and reached out to a few sponsors on there but only one response. I know a lot of sponsors like to build a relationship before talking business. So my initial plan was to get in touch with them some how and get on a call then present my deal, but as I said before I can't really get my foot in the door

Post: Sponsor for syndication

Marquis CobbPosted
  • Investor
  • Las Vegas NV
  • Posts 21
  • Votes 4
Quote from @Gerardo Waisbaum:

I agree with Chris.

I would recommend you partner with someone with experience as an operator. If you have good deals, that shouldn't be a problem. What kind of deal sizes are you working on?

Right now this deal I'm working on is 60 units


Post: Sponsor for syndication

Marquis CobbPosted
  • Investor
  • Las Vegas NV
  • Posts 21
  • Votes 4

Hello All, 

I recently just finished my paid mentorship for apartment syndication and ready to take down my first deal. If you know anything about commercial multifamily you know it takes a lot of upfront capital and when you are starting fresh banks require you to have someone on your team who has experience and the right net worth depending on the property. This is where I am struggling. I have been building relationships in my target market and underwriting deals. I have a deal that meets my criteria and will have good returns for investors but I cannot find a sponsor to partner with. I have reached out to many people that are also apart of my mentorship program but I never get responses. Anyone have any tips to show sponsors I'm for real or know anyone who would be interested in sponsoring a deal? 

Thank you in advance