All Forum Posts by: Marshall Hooper

Who? Me? I only commented once on this thread. But then again, all my posts are gold nuggets of wisdom... ;-)

I've been to the LUI 2-day seminar for single/multi family investment about a year and a half ago. I thought it was worth the $400. Because I had already been researching and doing podcasts and listening to talk radio guru's I felt like I had gotten most of the info they gave at the seminar, but it took me a long time. However, that's the way I learn. I did hear the pitch for the single and multi-family mentoring for around $9k/$20K respectively. No one is going to give you anything valuable for free, but I felt my money was better spent on my first investment. Now I have 3 SFR's. On the multi side, I kind of see the $20K as buying you entry and proving you're serious. For legal reasons LUI doesn't do their own syndications, they just put you together with other investors/leads and do their own brokering/consulting etc to their members. For the original poster, I think the biggest thing you bring to the table in the multifamily space is probably money. If you have the wherewithal to get into a private deal as a passive I think there's groups out there that would have you. It's just a question of whether you want to pay a "guru" firm like LUI to introduce you....and to some extent to screen the people they're introducing you to, or if you want to do it yourself. I don't have $20K laying around to pay someone to (theoretically) do due diligence and consult on deals, but if I was putting $500K equity into a big syndication, I might. Perhaps when I'm done with my SFR empire... 3 down, 197 to go.... ;-)

 I think the promoters of tulips in the 1880s said the exact same thing. ;)

Also, Wall Street is always happy to take money from any average Joe who's willing to hand it over to them. Usually it's not the average Joe that's getting the good deal.

I've seen plumbers and landscapers who are buying as much bitcoin as they can with their savings and credit cards. I agree with Warren Buffett that: If it were possible to buy a five year put on bitcoin, that would be the real smart money bet.

https://www.barrons.com/articles/warren-buffett-wa...

(Cue the bashing of the most successful investor of our time because he's not a crypto-bug, in 3, 2, 1...).