I'm trying to find a way to put "skin in the game" with my retirement capital, and for that to earn passive returns, but also receive the upside from being the active manager outside of that retirement envelope, if that makes sense ... because syndicating is going to be my full time job.

I just personally don’t agree with his methodology of starting with a 16-62 unit deal, when you have no “skin in the game” / experience.Thanks for the reply !

Naturally you must run it by your potential broker but there should not be any conflict.

On one end, yeah I can understand she is pissed as now she may do all the work for nothing and she may be putting a lot of time into this.HOWEVER, this is the nature of the beast.

They have more skin in the game then you do.Make sure you get clear title.

This means that you will need to pay registration and filing fees in at least 2 states if you don’t buy CA property.Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

There are of course some other things that you can do in the meanwhile, including importantly 1) Save, 2) Save and 3) Combinations of points 1&2.Most HMLs will want you to have skin in the game.

Hey BP community, I've sold one of my assets in Houston (getting out of natural disaster areas) and am looking to re-invest in Austin.

Would it not be better to pull the trigger on something that needs light cosmetic work and get some skin in the game now, or try to figure out a different strategy and risk never getting started or not building equity for some time when I could start within the next 90 days.

If you start buying more suits, the color starts to matter-- you need a suit color that works with your eye color, hair color, and skin tone.