Home
Log in / Sign Up
    Private Messages   Advanced Search   Rules   New User Guide   FAQ   Advertise   Contact Us  
Forum -> Inquiries & Offers -> Lakewood, Toms River & Jackson related Inquiries
How to break into the real estate field
1  2  3  Next



Post new topic   Reply to topic View latest: 24h 48h 72h

amother
OP


 

Post Sun, Feb 26 2023, 7:52 pm
Syndication etc.
so many Lakewood people seem to be ultra wealthy from this field. I’d love to know how to break in…
Back to top

amother
Crystal


 

Post Sun, Feb 26 2023, 8:33 pm
amother OP wrote:
Syndication etc.
so many Lakewood people seem to be ultra wealthy from this field. I’d love to know how to break in…


Now is prob not the best time…you need a large amount of money…or an investor…or take a mortgage out on your house but it’s really not advisable now…
Back to top

amother
OP


 

Post Sun, Feb 26 2023, 8:37 pm
amother Crystal wrote:
Now is prob not the best time…you need a large amount of money…or an investor…or take a mortgage out on your house but it’s really not advisable now…


I won’t be doing that until interest rates lower. But these are young guys in their 20s and 30s. Where did they get so muchcapital from to start with?
Back to top

amother
Pear


 

Post Sun, Feb 26 2023, 9:02 pm
amother OP wrote:
I won’t be doing that until interest rates lower. But these are young guys in their 20s and 30s. Where did they get so muchcapital from to start with?


You or your husband?

As a women in a mostly male dominated field I'll bust a few myths.

First of it you have to learn the ropes know the basics of CRE, Due Diligence, Underwriting, Mortgage options. You don't have to do it all you can outsource but it is always best to know what you are dealing with.

Second of all, the guys that made it big in their 20s and 30s did it all in the last 2 years when the market was INSANE. They bought at very high PP their loans were all 3% with floating interest rates and they generally have wealthy family member/s or connections who trust them and invest in them.

Now fast forward to today and how the properties are doing with the IR at 7% or higher is a separate story.

In a nutshell learn CRE and find someone who can and would invest in you.

One more point banks generally don't give commercial loans on new buyers you would need an experienced RE guy to co-sign.
Back to top

amother
Aconite


 

Post Sun, Feb 26 2023, 9:03 pm
amother OP wrote:
I won’t be doing that until interest rates lower. But these are young guys in their 20s and 30s. Where did they get so muchcapital from to start with?


now's the time to learn learn, gain knowledge, there are courses out there..
you don't need money if you get investors to invest in your deals, but you need to know what you are doing...
Back to top

amother
Wheat


 

Post Sun, Feb 26 2023, 9:03 pm
amother OP wrote:
I won’t be doing that until interest rates lower. But these are young guys in their 20s and 30s. Where did they get so muchcapital from to start with?


They got their capital from Totty. Lol.
Back to top

STovah




 
 
    
 

Post Sun, Feb 26 2023, 9:13 pm
Echoing what earlier posters have said, now’s the time to learn the industry. You can learn a lot on the job working in asset management. The business model of buy, add some value, refinance or sell and repeat that worked for the last 10+ years of record low interest rates will be tougher to pull off. It’ll be interesting to see how the syndicators pivot.
Back to top

mommy1000




 
 
    
 

Post Sun, Feb 26 2023, 9:16 pm
Op, are you looking to syndicate or are you looking to find deals and invest?
Back to top

amother
OP


 

Post Sun, Feb 26 2023, 9:17 pm
What’s a good course to learn?
Back to top

mommy1000




 
 
    
 

Post Sun, Feb 26 2023, 9:18 pm
amother OP wrote:
What’s a good course to learn?


The owners class.
Back to top

amother
OP


 

Post Sun, Feb 26 2023, 9:18 pm
sarandipity101 wrote:
Op, are you looking to syndicate or are you looking to find deals and invest?


Both
It seems the very wealthy guys are doing the syndication not just investing. Is that right?
Back to top

amother
OP


 

Post Sun, Feb 26 2023, 9:19 pm
sarandipity101 wrote:
The owners class.


Any others? The owners class is a newer one.
Back to top

mommy1000




 
 
    
 

Post Sun, Feb 26 2023, 9:19 pm
amother OP wrote:
Both
It seems the very wealthy guys are doing the syndication not just investing. Is that right?


No. Some have partners who just deal with syndication. Its 2 different skills. One has knowledge about real estate and one knows how to find people with funds to fund the deals.
Back to top

amother
OP


 

Post Sun, Feb 26 2023, 9:20 pm
sarandipity101 wrote:
No. Some have partners who just deal with syndication. Its 2 different skills. One has knowledge about real estate and one knows how to find people with funds to fund the deals.


The second one seems a lot easier
Back to top

mommy1000




 
 
    
 

Post Sun, Feb 26 2023, 9:21 pm
amother OP wrote:
Any others? The owners class is a newer one.


I dont know of any others, but Ive taken the owners class and highly recommend it.
Back to top

amother
OP


 

Post Sun, Feb 26 2023, 9:21 pm
Is it possible to start with a modest sum and build up high wealth? Is that possible by passive investing or only by syndicating one’s own deals?
Back to top

mommy1000




 
 
    
 

Post Sun, Feb 26 2023, 9:22 pm
amother OP wrote:
The second one seems a lot easier


Haha I beg to differ. I have lots of properties but have a hard time finding funds to fund them.
Back to top

amother
Vanilla


 

Post Sun, Feb 26 2023, 9:22 pm
amother Wheat wrote:
They got their capital from Totty. Lol.


Jealousy much? We saved up to buy a small piece of RE with our hard earned money. It took years of sweat, so thanks for your assumptions.
I actually know many people who did like we did, nothing to do with their Totty.
Back to top

mommy1000




 
 
    
 

Post Sun, Feb 26 2023, 9:23 pm
amother OP wrote:
Is it possible to start with a modest sum and build up high wealth? Is that possible by passive investing or only by syndicating one’s own deals?


Both definitely bring wealth. Many people prefer passive investing due to time constraint in managing the deals.
Back to top

amother
OP


 

Post Sun, Feb 26 2023, 9:25 pm
sarandipity101 wrote:
Both definitely bring wealth. Many people prefer passive investing due to time constraint in managing the deals.


Obviously that’s a lot easier… more passive… but can it really build wealth?

All the young millionaires are probably the syndicators not passive investors.

They all make it seem so easy
Back to top
Page 1 of 3 1  2  3  Next Recent Topics




Post new topic   Reply to topic    Forum -> Inquiries & Offers -> Lakewood, Toms River & Jackson related Inquiries

Related Topics Replies Last Post
I don’t know if this is real, but Tehillim never hurts 3 Wed, Mar 20 2024, 4:49 pm View last post
Nice affordable earrings for weekday (not real)
by amother
7 Sun, Mar 10 2024, 8:23 pm View last post
Is this real or a typo? 3 Sun, Mar 10 2024, 12:34 pm View last post
URGENT:Will my Stainless Magic Mill Hot Water Urn break/burn
by amother
6 Thu, Mar 07 2024, 11:06 pm View last post
Is this for real, or is someone playing games?
by amother
8 Tue, Feb 27 2024, 5:56 pm View last post