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All Forum Posts by: Si Marlow

Si Marlow has started 2 posts and replied 5 times.

Quote from @Jim Peret:

Projections mean very little once they have your money. I invested with Open Door Capital 1.5 year ago.  I received 1.5% annual return for three months and now they paused distributions. They paused distributions on at least three of their funds.  A few other syndicators have done the same. Some syndicators that paused distribution stop taking there fees but not Open Door.  I'm sure there are some profitable syndications you can invest with but it's tough for them right now. 

Thanks for your detailed response, Jim. Definitely interesting context considering the rosey projections… 

Thanks, Sarah! (My apologies, I didn't notice this post was 4 months old!)

Hi all - it's been a while since I posted. Hope everyone is well!

I've been looking at opportunities from investment firms like Open Door Capital, et al, and I would like to know if anybody has a recommendation for a spreadsheet or tool for analyzing these deals?

I want to either build a spreadsheet or download/buy one that allows me to review what things such as Projected AAR, Projected Avg CoC, Exit IRR, etc, actually mean to the bottom-line.

I work in comp so I have no issues building my own but I'd prefer to simply use one that's already created.

Finally, aside from reviewing prior projects on the company's website and scouring the internet for reviews, does anyone have any tips on how to select a given company?

Thanks all!

Post: Quick Intro from New Jersey!

Si MarlowPosted
  • Posts 5
  • Votes 3
Originally posted by @Alina Trigub:

@Si Marlow

Welcome to BP! There're a lot of groups in NJ including ours. We're actually meeting next Tuesday. More details under my profile as I don't think I can post here. There're also plenty of groups in NYC.

In terms of the books, 1) you haven't specified the exact topic; 2) I can share some MFH investing ones; 3) However in your case since you mentioned procrastination, I think you need to start with mindset-related books and exercises.  Read "The richest man in Babylon" and "Think and grow rich" for starters. 

Best!

 Hey Alina,

Appreciate the response & recommendations - will take a look at the details under your profile! Good point - I wasn't specific on book recommendations but that was mainly because it is a little open-ended. Anything real estate related but I'm certainly interested in topics relating to more ancillary items around property ownership, i.e., legal structures, accounting, federal laws, tax/finance items, etc. :) 

(Was mainly kidding around with the procrastination comment!)

Cheers,

Si

Post: Quick Intro from New Jersey!

Si MarlowPosted
  • Posts 5
  • Votes 3

Hey all!

I’ve been lurkin’ around the BP forums for several months but figured I should introduce myself. A little about myself below:

Name: Si or Simon; dealer’s choice

Born: 1990

Location: northern New Jersey

Job: Work in compensation at one of the large investment brokerage firms (prior experience at a couple major human capital consulting firms)

Why Real Estate? Grew up watching Sarah Beeny shows and reading her books back in secondary-school (circa 04-05)! Come from a modest east London blue-collar family and never really thought I’d be in a situation where I could invest in property. Fortunate enough to have emigrated to America in 2015 and have found myself a solid job where investing in physical property is a reality

Market Focus: Open minded. Texas is my primary interest. Why? I’ve been there multiple times on client trips and have a genuine interest in the success of the state. Strong macroeconomics and growing population. Type of property? I'm more interest in multi-family but SFH is likely more realistic as a newbie without any backstops. Other states? Florida, Carolinas, Georgia, Tennessee…  

Trivia: First in family to go to university and was lucky enough to be accepted to a Russell Group institution. Very proud moment for me!

Next Steps and questions: Continue to procrastinate and over-analyze (the sin of comp consultants) markets. (: In all seriousness, would love to close my first deal in 2020 and ultimately grow to a point where I can take care of myself and family, retire from FTE, and become an adjunct HR professor

  • Any book recommendations? I’m not a fan of overly bombastic, salesy, get-rich-quick books. More textbook style is my preference
  • Any northern New Jersey meet up recommendations? I’m a pretty major introvert but should get out of my comfort zone

Appreciate everyone’s time reading, especially since I'm not overly interesting, and will be delighted to answer any questions

Cheers!

Si