All Forum Posts by: Paul Moore

Hi @Jacob Krafka! We are looking for the same thing now that we do at the top of the cycle and the bottom of every cycle. We are looking for intrinsic value in deals. AKA value add opportunities--specifically--in commercial real estate. 

We partner with operators to look for deals in self storage, mobile home parks, RV parks, multifamily, light industrial and more. We think that's the safest way to go in any economy. Good luck and happy investing! 

Hi @Gerardo Castillo! I'll throw a different line of thinking into the mix...

If you really want to be active as a real estate investor I would throw it into single-family homes or short-term rentals. This assumes you are giving a huge percentage of your time and you are working towards doing real estate full time, in my humble opinion. I realize this opinion is not shared by most on BP. But I found over a few decades + in real estate that active real estate is really hard to do as a side gig. I am thinking of the principles of Gary Keller and Jay Papasan's wonderful book, The One Thing. 

If you plan to do a real estate as a side gig and always do that I would take an entirely different route. I would recommend passively investing in someone else's deal. There are syndication deals and funds that could be a good fit for you. You might also find a local house flipper or another type of active real estate investor to partner with. My thinking is the same as above: passive investing IMHO is the best path for someone who doesn't plan to be a full time real estate investor. Good luck and happy investing! 

Hi @Ellie Narie! It's pretty simple for me. But this is just my own opinion, please keep that in mind. 

I think everyone should focus on one thing and do it really well. If your goal is to be an active, full time real estate investor and do nothing else, then I think you've got good advice here to pursue your path. And I agree you should buy David Greene's book. 

However, if you have a career, a family, a life, and anything else you are focused on, then I think you might find this path turns into a very challenging scenario for you. You''ll be taking on debt and risk and hassles. And your returns might not be as high in reality as you project on paper. 

If your goal is $100k passive income, I highly recommend using your time to do due diligence on syndications and funds to invest in. Brian Burke's book The Hands-Off Investor provides a road map. Follow other communities like Jim Pfeifer's Left Field Investors who will provide guidance. 

I'm in my third decade as real estate investor and I've talk to literally thousands of people who have taken different paths within this realm. I am certainly biased, but the vast majority I speak with have come to similar conclusions. I wish you the very best of luck and happy investing! 

@Martin Kim hi there! You got a lot of great advice above. While agree that the vast majority of syndicators and fund managers allow investors to stay in the deal indefinitely (until it is ultimately sold), after they receive their principal back, there are actually a small number of syndicators who buy their investors out of the deal. More like paying off debt rather than a long term equity holder. Make sure you ask the syndicators good questions and check out the documents thoroughly. And have someone more experienced and/or an attorney check out the documents as well. Good luck and happy investing! 

Hi @Clarice D.! You can't beat the advice you got above. @Nathan Gesner's response was golden and it was kind of him to take that much time to type all of that out. There are so many free or inexpensive resources, there has never been a time like this. My strongest piece of advice would be to pick a lane early and stay in it for a long time. Say no to a lot of shiny objects to stay focused on your ultimate ROTH-building goal. If you haven't done so already, read The One Thing, but Gary Keller and Jay Papasan. Golden advice for all of us! Happy investing!

Hi @Grant Spruill you got some great advice above and it looks like you are already taking action and that is great. Many of the great syndication programs cost 10 times what Michael Blank is charging. Or even much more. I paid about 10 times that for 2 different coaching/mentoring opportunities over the last few decades. I know Michael and a few of his team members and I have seen great fruit come out of their organization. I think you will benefit from joining their group to answer your question. Good luck and happy investing!

Hi @Melissa Deacon! My thoughts might differ from some of my friends above. 

I would ask what your goal is. I've been an entrepreneur and investor since I left Ford Motor Company 29 years ago. One thing I've learned is the power of focus. The power to create wealth and enjoy life by laser focusing strategically and staying in my lane. I've chased a lot of shiny objects over the years and it usually did not create the wealth or enjoyment I expected. Since then I've learned to say no to a lot of side hustles, and say yes to doing one thing really well. This is what I recommend. 

So if your goal is to be a full time, active real estate investor, I recommend you start with a house hack. Or something like that. But if your goal is to focus on a different career, a family, and/or a dozen other things...not full time real estate investing...hands-down I would recommend you start investing in syndications and passive real estate opportunities. Let someone else be the expert and carry the heavy load and take the risk and sign their name on the deck. You are in the right place to get answers. Good luck and happy investing! 

Hi @Janine Sharma! Congratulations on this opportunity!

Mobile home park investing, like any other commercial investing, can be quite demanding an expensive. Mistakes can be leveraged and cause a lot of pain and financial problems. Value adds and good decisions can also create a lot of wealth. 

Given the high stakes of what you might be undertaking, I recommend you get all the training you can, as quickly as you can. Read The Mobile Home Park Manifesto. Acquire or attend https://www.mobilehomeuniversi.... Join a group of like-minded operators. And if it is possible, and you think you want to continue down this path, I recommend doing your first few deals with partners. People who know what they are doing and have teams, track record and a history doing this and who can help you along. Good luck and happy investing!  

Hi @Eddie Shuman! There's lot of different paths you can take and you are certainly in the right place here at BiggerPockets. I recommend you educate yourself through podcasts, books, and local meetups if can find one. 

If you decide to go down the passive path, you should consider joining Jim Pfeifer's Left Field Investors community. It is a great place to learn and grow. Good luck and happy investing! 

Hi @Trevor Oldham! Great question. 

I always recommend investors get Brian Burke's excellent book The Hands-Off Investor. This will help you strategically vet syndicators and fund managers. 

I also recommend joining a community. Jim Pfeifer's Left Field Investors will be a great place to start. They have a lot of conversations on there about vetting syndications and funds. 

You may also want to check out Ian Ippolito's Private Investor Club. They share honest reviews of syndications, funds and more. Good luck and happy investing!