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Recent content by elliotth27

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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    SteveO - it's taken me nearly 2 decades to develop the skills, relationships (investors, lenders, government), track record, and credibility which were all critical components to making millions in the past few years. That is why the business is not what I consider fastlane. I don't base it...
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    Yes SteveO you are correct. Sorry you found the post confusing, it was a genuine effort to see if anyone had insight into a fastlane version of a real estate business, and then sharing some experiences. The responses along with my experience led me to conclude that direct real estate...
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    No I am a syndicator. I make money on acquisitions, development, management, and sponsorship promote / disposition, as well as any profit from my own personal investment in each partnership.
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    Well my fellow freedom lovers, it's time to pen the last chapter on my development project, which was a concept when I started this thread in 2013, and has now been built and sold for $29M. If you've followed this far you know there have been a number of obstacles and defeats along the way which...
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    Hi Chris and thanks for the question. Yes CRE is lucrative and you can absolutely become wealthy from it, but it's a 'get rich slow' model due to some intrinsic characteristics of the business. For instance, locating property, analyzing the investment opportunity, negotiating, due diligence...
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    Hard to believes it's been 3 years since I started this thread. Here's an update just in case anyone is still around!! NEW DEVELOPMENT PROJECT I was able to get my new development, a 92-bed, 3-story assisted living community funded and construction is 80% complete the 80k SF building, and...
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    LTL, Thanks for following the posts! In response to your question about licensing, see a recent reply I made to "Get Right." And in response to your question about becoming a REIT, yes that is a potential possibility- to become either a public or private REIT, or to sell the company to one.
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    Steve37, I own and manage my assisted living communities. I also own skilled nursing facilities, but master-lease them to operators on a triple net basis. For my new development, I have hired a 3rd party management company with deep experience in pre-marketing new communities prior to opening...
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    T14, Thanks for your post and question. It sounds like you are off to a good start, and having a mentor will be invaluable to you. To answer your question directly, I never transitioned from residential to commercial b/c I began my real estate career in commercial. I never had an interest in...
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    Get Right, thanks for your question. You have not been the first to suggest this. I just don't feel like my system is in any way different from any of the other investment firms out there. Target a property type, build a database of properties, find ownership info, contact owner, meet owner to...
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    LightHouse, thanks for the inquiry. Since my last post, much has occurred. I have continued to acquire properties. Total portfolio is now up to $60 Million in assets. Not bad for 24 months work, but so much more to do. NEW DEVELOPMENT I'm very focused on the development deal mentioned in...
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    sure Dsal, fire away!
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    jtmonii thanks for the inquiry. Since posting, I have been hard at work recruiting, asset managing, and closing deals. I have been seeking 1 - 3 additional acquisition managers, and after posting the job online and sifting through piles of resumes, I invited several candidates to an...
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    Steve thanks for the confirmation there, regarding magnitude. It's helpful to hear from others that I'm at least approaching this with the right mindset. In response to the progress post question, I will definitely consider it!!!
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    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    Omerta thanks for your post! I agree I need to leverage myself through others, and I have recently hired 2 individuals as per my original post. I have decided that I need to hire more acquisition managers, who ID and analyze the deals. My ideal candidate would fit one of the following...
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