All Forum Posts by: Taylor L.

Not true. Raising money isn't easy.

In looking at the allegations I'd say the primary red flag is the use of the word "guaranteed" when discussing returns.

Not a lawyer but it looks an awful lot like waiving the financing contingency. Can't see the full text in the screenshot. If the agent can't or won't clearly answer the question then this would be my last offer with them.

For a great example, check out @Paul Moore's newsletters if you can. He has some of the best email newsletters I've seen. Tons of value, insight into what he and his company are thinking, and never spammy.

Start a monthly email newsletter talking about your perspective on current events, why you've passed on deals (assuming you have) and other things you're up to.

Investors invest in you as much as or more than they invest in your deals.

EMD is a type of risk capital. Risk capital providers will expect to be compensated for the risk they take on. It's not part of the LP equity raise, you need it right away in order to get the deal under contract. Terms are negotiable. Many EMD providers will want GP and LP equity for their contribution.

As the name implies, risk capital carries significantly more risk than LP equity. If the deal doesn't close the EMD is often lost. Regular LP equity, should the deal not close, should be returned to investors in full.

Hard earnest money on Day 1 has become a common practice, meaning you can't get it back unless you can demonstrate fraud by the seller.

Ali Boone is a great interviewee: https://www.biggerpockets.com/users/aliboone#0

The first big lesson is that it's not really passive income. A better term is residual income, because there must be an investment of something up front and on a continuing basis. If you don't have capital to bring to the table, then you have to bring something else - like hustle and hard work.

Before you go with any program, ask around about the leaders' current portfolio and whether they've had any foreclosures. Multifamily investing is about far more than just doing acquisitions, and lots of folks have forgotten that.

Probably not. If so it'll be a long time. It has nothing to do with the technology. Rather, it depends on government adoption of such a technology. If that were to happen, it's going to be a long time from now, in my estimation. Governments have no real reason to adopt such a technology at this time. 

I would expect a GPT type technology to be far more useful in this situation. It'll take some time for the technology to develop in for this specific vertical, but compared to a blockchain I'm far more bullish on GPT technology.