All Forum Posts by: Sherwin Gonzales

@Elliot Landes this is a very common question many investors have asked about....How do I connect with GPs that manage these syndication deals?

@Daniel McNulty (great last name by the way...did you watch the Wire?), gave some great advice in that you can find a lot of syndicators on this site. I'm one of them but I syndicate properties in the west coast.

Not all syndications require you to be an accredited investor. It all depends on the deal and how it's "advertised", but that's another post.

I'm sure if you post on BP...."Passive Investor looking for Syndication Investments," you'll get a lot of results. A quick google search for real estate syndications in Philly would also yield some results.

Once you find a few syndications you're interested in, be sure to check their track record and experience. We usually have investors email or schedule a call with us to discuss your goals and expectations and see if we're a right fit. I would suggest you reach out similarly to these syndications. You could also sign up to be on their mailing list to receive any future offerings.

Before your know it, your email will be flooded with offerings left and right for you to analyze your investment options.

Good luck!

@Jordan Becker, I think if you feel comfortable jumping right into large multi-family properties, then you should just go for it! 

I started out with SFH and smaller MF deals and wished I started out the larger MF sooner. I was able to scale bigger and build my wealth much quicker thru larger MF. I was fortunate enough to partner up with people to mitigate my risks so that I don't have to jump right in all by myself.

Especially since you want to keep your full time job, have you considered partnering with other people? That way, you don't take all the risks yourself and you can share the rewards and slowly get your feet wet and experience in these larger deals.

Good luck with your journey!

Network network network!

Your Network is your Net Worth!

Level up your social media presence, attend meetups, continue to educate people about real estate investing to build trust, tell everyone and everyone they know about what you do and how you can help!

ABC!

Always Be Closing!

@Joshua Rainwater I think a good next step is experience. Learn by doing. Contact other syndicators and get on their mailing list so that you can see their current and future offerings. Get used to reviewing Offering Memorandums and learning the syndication lingo and jargon. Ask questions from an investor standpoint which in turn, will be helpful for you to grow when you syndicate deals yourself.

If you're open to it, maybe invest in a syndication so get to see the process. You get to learn and get to grow your money at the same time!

I'll be more than happy to share my experiences and stories. Let me know if you want to connect further.

Good luck on your journey!

Hi @Gurmanpreet Singh,

Congrats on starting your journey in the world of Real Estate Investing! I wished I started out as young as you! I live in the Bay Area and have a lot of commercial multi-family investments in Sacramento. Yes, my team and I are one of those few who do invest in California and have had success doing it. While it's true, as many have already said over this thread, that California is a state where it's hard to find cash flow, but appreciation is better here when compared to other states. And yes, as some have already mentioned, appreciation can be speculation and might not be the best strategy.

I, however, have a different mindset. I invest for WEALTH, rather than cash flow. The properties we buy enable us to FORCE APPRECIATE the property and increase its NOI. And unlike residential properties. commercial properties are valued based off their NOI. That's why I love commercial multi-family. We've value added and value managed properties at a state where they actually do cash flow. However, those same properties in less than 16 months, we decided to sell because the capital we gained as a result of the forced appreciation would take 20-30 years to gain if we kept for cash flow. And, we can use that capital to get more properties!

So it all depends on your current goals right now. I think house hacking is a great way to start. You can even get a SFH in Sacramento and rent out the other rooms to friends to get your feet wet. Another option is to partner up with others and learn off them to mitigate the risks and share the rewards.

Good luck and enjoy the journey! I hope this helps!

Thanks @Brenda Chen for posting!

When you say unwarranted, do you mean that the spaces are unpermitted? If that's the case, I've seen many houses like that in Oakland. I don't think realtors are allowed to count those types of spaces as living space when they market the property. I believe they have to disclose that as well. 

I've seen homes marketed and priced as 3 bedrooms and 2 baths when actually on public record, it's really only 2 bedrooms and 1 bath because the extra bedroom and bathroom wasn't permitted. So it gets appraised for only a 2/1 and the buyer is left to pay the difference of the appraisal and the purchase price. If was done to a property, always ask if it was permitted and that the documents should all be included in the disclosures. 

I hope this helps!

@Jon Q. thanks for sharing! @Account Closed, great points! I agree in that you should always be looking for a deal. People been saying the market was going crash a year ago, two years ago, etc. So those people waited and didn't buy. But then one year passed and then another and then they passed up on some great deals and regretted not buying.

A savvy investor makes their own deals. Whether in a down market or in an up market. There's always money to be made. Just strategies change and you have to learn to adapt accordingly.

@Christopher Nemlich we've had group of investors form an LLC and invest as one LLC in our deals so that we're not dealing with numerous individuals and just one entity. And within that entity, they figure out how distributions are made to their group. We've also had just one person represent a group of people and invest that way.

Feel free to contact me with whatever questions you have. Good luck!

@Andrew Day I believe the best way to learn is experience. There are multiple of free information regarding syndications and analyzing deals on the internet, podcasts, youtube, etc. Join a syndication. Find a mentor and learn off them. Get some real HANDS ON experience.

Information is not knowledge. The only source of knowledge is experience. You need experience to gain wisdom.
- Albert Einstein

I hope this helps!