All Forum Posts by: Nicole W.

Find another Credit/Background check program that does give you info or just move along. There are sure no scarcities in tenants applying these days. I got 50 calls in 1.5 days and had a signed lease by the end of that time!

@Ji Yang, I advise reading articles by @Ian Ippolito (also in BiggerPockets) online (google him) about how to vet sponsers and what to look at in a private placement memorandum. He is a very conservative investor and gives excellent advice which helped me a lot. Best to study these and do the correct due diligence beforehand so you are not disappointed in an investment. It is YOUR money and YOUR investment so ensure you do YOUR due diligence. If you buy a house you get a full inspection and check all its points, termites, roof, etc. So you need the checklist of what to look for in a sponsor/syndication. You can see just within this stream that there are upset investors with this group and some misunderstandings about how distributions are even made. This should all be known ahead. Covid was something unexpected and the way the sponser deals with it and the communication with the investors is also important to note. Also there is no scarcity of syndications/sponsors around for any type of asset class so no need to rush into it with one you are unsure of or think there are no others doing it. 

I understand there are Portfolio loans. I never did one but you can ask about one of those. 

I used IPX out of Newport Beach. They were great and handled a complicated issue for me. My lawyer recommended them. Also @Dave Foster here in BP also does them.

I ran in to that in an area I was looking to 1031 exchange into. So many had these leases. If I was really interested in the house at first I got a hold of the contract from the seller agent. The 3 I looked at were not worth getting into. I just dropped the idea of getting any with solar panels. It wasn't worth it for me. What I looked at in the end is that all benefits really transferred to the tenant but adding that fee into the rents just took the rents out of range as well.

@Joe Splitrock - 

1) It seems that you have already made your decisions about it. How about surveying your target market? Those people are who you would be building them for, selling or renting them to. It makes no difference what anyone thinks except them and if your #s turn out where YOU want them. 

2) There are even different investor viewpoints about #s and where an investor wants them to be. If it works for you #wise and there IS a market for a community, then go for it and don't worry what anyone says. If you just really love tiny homes and thus you would love everyone else to have one and the #s really don't work out, then do something else in the meantime and come back to it when the #s and the public for it are there. 

3) I will say that I prefer purchasing 3bd 2 ba SFRs as they rent the best in all my markets. It allows for a less narrow market. Too big gets too trashed and thus lots of expenses. Too small usually will have more move outs. I researched it and found that to be true FOR ME. It may be different in other parts of the US. 

4) It sounds like you live in a tiny house and that you may know that community well and know what they like and where they will live. If you don't, best to find out before you put up time and money in it and find out it isn't want you had hoped or wished for others. I have done a project that cost me time and money and due to not surveying my target market was surprised they were not interested in what I thought they would be. 

Hope this helps.

@Vinay Kolluru Thanks so much

@Beth Watson  Hi, Beth. I was looking for the same. I finally asked around and my lawyer and his family invested with https://imgre.com/a few times. All their dealings were successful and he is very happy with them. I recently invested with them off his recommendation and of course after doing my due diligence on the opportunity. I am an accredited investor so you must have that status to invest with them. Their minimum was lower than quite a few I have seen. I hope this helps. I don't work for them. 

@ Steve S Thanks so much. This answers my question.

@ aman Shahi You can try Phil Pustejovsky. He has great youtube videos and covers different aspects of real estate. He has a mentorship pgm. I haven't tried him but his videos are very helpful and upbeat. This is the link. https://www.freedommentor.com/...

@Vinay Kolluru Hi. I have been in the buy/hold arena directly for awhile and have my rentals. I am looking at getting into passive investing. While researching this I am finding companies to invest in that are sponsers themselves and then a few investing groups who state they vet the sponsers and you invest with the investing group vs directly with the sponser company. It looks to me that the investing group is a broker for the actual sponser. I am trying to understand the different functions and how the investment group gets paid for this. Is the investor like myself paying a commission or does the sponser pay them? What is the advantage for the broker? I saw one investing group where the owner in a podcast is stating that he is the main contact and will inform you of the progress of the sponser instead of you hearing it directly from the sponser or logging into the sponser's site to see your distributions etc. I am newer to this and would like to know about this. It seems to me that I would then have to be vetting both the investing group AND the sponsers. Is there some benefit that I am not seeing besides that investing group is very experienced in vetting sponsers and that is where I could possibly trip and lose money?