Thanks coach! This video was very helpful since I'm literally starting from scratch myself and want to go into commercial real estate investing. 1st Get your own oxygen mask on! 2nd build Leverage: (1) Other people's Local knowledge of market (2) Other people's Network - relationships, time, money, etc . . (3) Build credibiilty by helping others (Zig Ziglar). Last - Syndicate - gain small % of profit and ownership for finding and managing a great deal. Thank you for these nuggets and other valuable information that you share in the video! Great job!
Glad you enjoyed it! Thanks for watching. And that's exactly why I made it. I knew a lot of people couldn't make the live session or had never heard about it, so I wanted to make something easy to access since I took all the time to prepare the info!
This is a valid plan assuming that you could actually find such a deal, which may not exist in your local market. Also, finding a stranger that will trust you enough to invest in the deal. SFR are much more plentiful, adding value works the same way.
Really enjoyed this episode! Hearing the thought process of someone with your experience is invaluable. I would love to hear you do the same thing with this hypothetical scenario, but this time time describe how you would get to $10,000/month cashflow in 2 years or less. Thanks!
Great content Coach Carson as always. I am at the beginning of my RE journey and just started with a duplex in my neck of the woods. Looking to expand and grow. Your input is invaluable.
What would be your thoughts and or approach on a person that had the net worth, twenty to thirty percent down payment for a mid size multi family 20 to 5-0 unit, and the income but lacked multi family experience from a management perspective? I would also factor in the person did not just want to be an investor in a syndication deal and more than an LP, but a GP on the income and interest on the exit possibly being 10 to 15 years later.
Good question. Sounds like you're wanting a little more control and/or involvement than just an LP role. I think you could find some good local operators - like developers, multifamily investors, property managers, etc - who are looking to do bigger deals but need help on the capital side. If they find the deals and operate them, you could be the part of the general partnership that finds the money. So, obviously you'd have some money in it but then going to friends, your network, and others to raise capital as limited partners. You'd be adding a ton of value in that case.
Most sellers (or lenders) want some sort of skin in the game. But you can propose a lease option - which may be less risky to an owner sense they're not transfering ownership, and try to use a smaller option deposit and/or prepaying a lease for 6-12 months as your "skin in the game." I have an article, video, and podcast on the subject here for more detail: www.coachcarson.com/seller-financing-owner-financing-buy-real-estate/
Hi Coach. I am in Fort Mill SC and have been interested in the upstate sc area. Is there an option to join online as I can not attend in person currently? Thanks
Question: Who is this video for? Answer: The person that's already done this. Therefore not for people starting out. Interesting video though from someone who won't be starting over ever again.
Thanks coach! This video was very helpful since I'm literally starting from scratch myself and want to go into commercial real estate investing. 1st Get your own oxygen mask on! 2nd build Leverage: (1) Other people's Local knowledge of market (2) Other people's Network - relationships, time, money, etc . . (3) Build credibiilty by helping others (Zig Ziglar). Last - Syndicate - gain small % of profit and ownership for finding and managing a great deal. Thank you for these nuggets and other valuable information that you share in the video! Great job!
Great job taking notes and thanks for sharing! Best of luck as you get started. Let me know how it goes.
Awesome video, thanks for posting it Chad. I wasn't able to virtually attend the creia discussion, so I was hoping you'd post this one!
Glad you enjoyed it! Thanks for watching. And that's exactly why I made it. I knew a lot of people couldn't make the live session or had never heard about it, so I wanted to make something easy to access since I took all the time to prepare the info!
This is a valid plan assuming that you could actually find such a deal, which may not exist in your local market. Also, finding a stranger that will trust you enough to invest in the deal. SFR are much more plentiful, adding value works the same way.
Thanks Coach I'm finding lots of value and love your content/delivery. Keep it up, I'm watching.
Thank you!!
Thanks for a great episode. I’d love to hear an episode about a 5 or even 10 year timeline with a similar model. Thanks!
great idea. I think that'll be more realistic. I'm planning to do something like this soon!
Really enjoyed this episode! Hearing the thought process of someone with your experience is invaluable. I would love to hear you do the same thing with this hypothetical scenario, but this time time describe how you would get to $10,000/month cashflow in 2 years or less. Thanks!
Great content Coach Carson as always. I am at the beginning of my RE journey and just started with a duplex in my neck of the woods. Looking to expand and grow. Your input is invaluable.
Thanks for the great videos!
Glad you like them! Thanks for watching
I love and agree with all of the points you make, Chad! Great video! 👍
I’m 19 looking to getting my real estate license soon. Really enjoy your content 👍🏼
Great to hear David! Excited for you to get started. This is a fun journey!
What would be your thoughts and or approach on a person that had the net worth, twenty to thirty percent down payment for a mid size multi family 20 to 5-0 unit, and the income but lacked multi family experience from a management perspective?
I would also factor in the person did not just want to be an investor in a syndication deal and more than an LP, but a GP on the income and interest on the exit possibly being 10 to 15 years later.
Good question. Sounds like you're wanting a little more control and/or involvement than just an LP role. I think you could find some good local operators - like developers, multifamily investors, property managers, etc - who are looking to do bigger deals but need help on the capital side. If they find the deals and operate them, you could be the part of the general partnership that finds the money. So, obviously you'd have some money in it but then going to friends, your network, and others to raise capital as limited partners. You'd be adding a ton of value in that case.
Hey coach thank you for the video. Do you have any advice on proposing low to no down payment on a seller finance deal?
Most sellers (or lenders) want some sort of skin in the game. But you can propose a lease option - which may be less risky to an owner sense they're not transfering ownership, and try to use a smaller option deposit and/or prepaying a lease for 6-12 months as your "skin in the game." I have an article, video, and podcast on the subject here for more detail: www.coachcarson.com/seller-financing-owner-financing-buy-real-estate/
It's possible, I was able to make 1 M in less than 2 years. I leveraged my VA loan but with a good broker its attainable.
Hi Coach. I am in Fort Mill SC and have been interested in the upstate sc area. Is there an option to join online as I can not attend in person currently? Thanks
Hey Malik. Are you talking about joining Upstate CREIA? If so, yes I think you can join online. Some of their meetings are shared via zoom
@@CoachChadCarson Yes! I was referring to that group. Ok thank you. I will check again as i was not quite sure how to sign up for online.
Question: Who is this video for? Answer: The person that's already done this. Therefore not for people starting out.
Interesting video though from someone who won't be starting over ever again.
True. Not necessarily a beginner approach.
Thats a lot of work for just 3%
Too many maybe's
It was all a what if. Life if always full of chances and "maybes"