All Forum Posts by: Matthew Thurman

@Todd Dexheimer I agree and disagree... The people I'm referencing are already investors. Some in residential real estate, some in crypto, some in the stock market... They are not going to leap into a new world without significant knowledge. For the vast majority of people i'm networking with, I agree completely. There are those that want a full understanding, the nuts and bolts (i'm one of them!) before they relinquish control to a GP.... And personally, I'm glad those people exist, If i can get their approval and investment dollars, then its a huge vote of confidence and will surely lead to more business... These are good friends that I would love to get trained up, even if its not by my hands.

@Austin Johnson, I actually have put together some material already. That however is not nearly enough to keep people from getting into trouble. I've made some boneheaded mistakes in my career, thankfully a buoyant market and easy monetary policy kept me from loosing money (although I did a ton of sweat equity and STILL did not beat the S&P over the same period). I worry about many syndicators right now. I see projects that will be successful if the market trajectory stays on its current course, but are not likely to meet projections if there is a moderate downturn. That's not always easy to spot from an outside perspective, someone that is new to real estate, AND new to syndications..... A few hours of speaking with me is not going to get enough knowledge to fully recognize these pitfalls...  The reason I mention professional mentorship is that it has done SOOOO much for my knowledge and investment. I've learned more through my network and webinars that I attend via my new network than I ever did in the 100's of books i've read.  I will check out @Sam Wilson s podcast though! 

Thank you Austin! I agree completely... But I've already spent hours on the phone with a good friend of mine. He is wrapped into some high income individuals with tons of disposable income... Well worth training and developing a relation ship with at all costs... however, many of the others that express interest do not have the same potential today (not discounting them in the future though)... And honestly, at this point in my life, I have very limited connectivity half the year, and am traveling to remote locations 6+ months a year.... Adding in training most everyone that is interested and it becomes a burden I can not take on at this point.... The end goal of this hard work is freedom from my difficult W2, that will come in 12-18 months at my current rate... Then I FULLY plan to do exactly as you say, I love teaching and love seeing people around me be successful! But at this point, I need a way to show others the benefits of syndication without loosing my very valuable time.

Greg, Thank you! sounds like lifestyles is exactly the type of course/training i'm looking for. What is the cost there? Being a member for a decade is a pretty big testimate!

Hello all, 

I've been working with a great (expensive$$!) mentor learning Multi Family syndications. I've fallen in love with the commercial side of real estate, way easier to project returns, solid large business projects, ect ect.. Unfortunately for me, Life just hasn't gotten me to the point where I can really participate in syndications. I'm working hard at changing that, and hope to be raising money in the next 12 months for other peoples deals (South Florid is a competitive market and hard to find your own deals that make sense).

During this adventure, people around me have been very interested in learning about and investing in syndications. They are rightfully overwhelmed looking at spreadsheets, projections, ect by themselves. The mentorship i'm part of is a single level, 100% program. From newbie, to being a General Partner. Its very expensive, time consuming, and way too much of a program for people that just want to be knowledgeable Limit partners. 

Does anyone know of a parred down course/mentorship available that focuses on JUST being an LP. Perhaps a mentorship that has 2 levels, LP training and GP training... That would then open up the LP's to a group of GP's ready to take their money?

Thanks for your feedback!

First off I think its important to define "crash" and what real estate asset you are looking at. Do I think that single family (including up to quadplexes) will crash in 2021... Absolutely not... I suspect that asset appreciation probably slow down while wage inflation slowly creeps up to allow buyers more purchasing power... that would be my guess... But there is a ton of demand in the single family area and way too many roadblocks to clearing that demand. Builders cant build fast enough, not enough land in major cities, not enough building supplies, nor labor... All this points to a strong market in the single family arena for some time. 

In the commercial multifamily you could very well see a "crash"... This is will most likely show as cap rate decompression. I suspect around .15 basis points a year for 2-3 years... Does that mean that large multi family asset prices will decrease though? probably not... Strong rental demand will allow rent growth, therefore increasing NOI and negating the cap rate normalization...

But honestly... who knows!!!???!!! Just be on the look out for great deals, be selective knowing that we are at the top of a market, but understand, you wont know when the Peak as come until you look back and say... That was it! 

@Daniel Weed THANKYOU!!!! I just got out of a meeting with an investor wanting me to invest in his syndicate deal... One of the things he mentioned was using velocity banking to increase ROI.... I had heard of this strategy in the past and pretty much wrote it off as a scam... Now that i have a major investor speaking of it i decided to come home and run the numbers myself in excel. I'm not nearly as proficient at excel as you guys are. However, I broke it into weeks, made assumptions that my monthly "expenses" were able to be broken into 4 perfect payments (1x per week, 4x per month, 4 weeks /month).... All in all i put it all together and found there to actually be a small net loss vrs just paying an extra payment towards principle each month. The spreadsheet you posted was much easier to use and provided a 2nd confirmation my original assumption... Velocity banking is a scam.