A fund and a syndication in real estate function very differently from one another, but are both great ways to generate passive income. If you’re looking to invest your money passively in real estate, you need to understand how each one works so you can make a decision that will align with your goals the most. 

Watch this video to learn the differences between funds and syndications in real estate and how you can choose which one to invest in!

Key Talking Points of the Episode

00:00 Introduction

01:27 What is the difference between a fund and a syndication?

02:35 Capital requirements

04:15 Asset ownership

05:28 Diversification

07:14 Why did we choose to do a fund instead of a syndication?

Monroe Herington of the Monroe Herington Real Estate Group in San Diego is the real estate consultant who helped me acquire my primary residence on Mission Beach. He is an expert in the San Diego market. We’ve invited him on the show to help us better understand the current conditions in this market and what real estate investors could look for if they want high-performing assets in busy markets like San Diego.

Watch now to learn more about the market in San Diego today, what makes great investments in busy markets, and how short-term rentals can help you build wealth as an investor!

Key Talking Points of the Episode

00:00 Introduction

02:42 What is Monroe’s background in real estate?

04:23 How much work does it take to turn a property around?

06:16 Why are real estate investors looking into the San Diego market?

07:44 What should investors understand about the short-term rental business?

09:05 What should people look for in investment properties?

11:13 Why is the Midwest a good area for long-term rentals?

12:14 What do cap rates look like today in San Diego?

13:50 Why is it important to keep an eye on different markets?

16:20 How are new policies on short-term rentals affecting investors in San Diego?

20:11 What are the differences between short-term, midterm, and long-term rentals?

21:33 How can you find deals in San Diego today?

26:10 How are the interest rates affecting the real estate market in San Diego today?

28:24 What should investors keep in mind before acquiring properties today?

34:04 What kind of investors does Monroe typically work with?

37:33 What is Monroe’s advice to real estate investors today?

Finding good tenants is one of the biggest things you can do to make sure your rental properties will be successful. Good tenants will often stay longer in your property and take care of it as their own, eliminating the need for frequent repairs, tenant turnovers, unexpected vacancies, and so much more. 

Watch this video to learn more about how we take care of our tenants and how good tenants can impact the success of your rental properties!

Key Talking Points of the Episode

00:00 Introduction

01:06 Why is it important to find good tenants for your rental properties?

02:04 How do we keep our properties in good condition for tenants?

03:04 Why should you avoid frequent tenant turnover?

04:12 How do we take care of our tenants?

05:15 Where do we source most of our tenants today?

06:03 What do we look for in tenants for our rentals?

07:03 How do credit scores affect tenant applications?

Short-term rentals can produce more income than long-term rentals, but there’s a lot more you need to do with them too. You have to understand that owning short-term rentals means you’re in the hospitality business and aside from getting the property ready for tenants, there’s a lot more you need to do to get the ball rolling.

Watch this video to learn more about short-term rentals and the top factors to consider before investing in them!

Key Talking Points of the Episode

00:00 Introduction

00:50 Income 

01:41 Management

03:38 Reviews

06:00 Maintenance

08:36 Tenant Management

There are plenty of ways to fund your deals but if you’re planning to work with a local or national bank, you need to understand the processes and requirements they need before they can give you a loan. We’ve worked with both kinds of banks and we’re here to share the experience with you so you know what to expect. 

Watch now to learn more about using local and national banks for your investments and how you can decide which ones to use!

Key Talking Points of the Episode

00:00 Introduction

02:04 What was it like to secure a housing loan in 2007?

03:50 What is it like to work with national banks for your investments?

04:46 How do local banks process funding for your investments?

05:11 Why should you always stay on top of your personal financial statements?

06:28 What are the benefits of working with local banks as real estate investors?

07:20 How can you decide what kind of banks to work with for your investments?

Description

Virtual assistants are an integral part of the success we have achieved in business. We have worked with virtual assistants as partners and individuals, and while there could be many drawbacks when hiring someone remotely, there certainly are a ton of benefits too. 

Watch this video to learn how virtual assistants can help your real estate business and how they have helped us with ours!

Key Talking Points of the Episode

00:00 Introduction

01:25 What is it like to hire a virtual assistant for your real estate business?

02:02 How have we learned to mitigate risks when working with virtual assistants?

03:06 Why is it important to get aligned with your virtual assistant early in the process?

04:10 What is it like to work with a sourcing company for virtual assistants?

06:02 What could cause a working relationship with a virtual assistant to fail?

07:01 Why is it important to understand the role of your virtual assistant before hiring them?

Self-storage investing has been receiving a lot of attention recently, especially from investors who want lower-maintenance assets in their portfolios. There are many factors that are influencing the continuous rise of self-storage facilities around the country and in this video, we’re breaking it down for you. 

Watch now to learn the reasons to start investing in self-storage facilities and what kind of returns you can get from them!

Key Talking Points of the Episode

00:00 Introduction

01:11 Tenant rights

02:41 Rate of return

03:26 High demand

05:42 Consumer behavior

07:32 Flexibility

08:17 Ease of management

Picking the markets you’re going to invest in can be difficult, especially when technology has made it so easy to invest out of state for many of us. As of today, we are currently in different markets and different asset classes, but it wasn’t the first thing we did when we started investing in real estate.

Watch this video to learn how we decided where to invest and how to pick the right markets to invest in when you’re just starting out!

Key Talking Points of the Episode

00:00 Introduction

01:03 Why is it important to dive into your local market first?

02:35 What is the importance of infrastructure when deciding where to invest?

04:01 What factors do you need to consider before investing in a market?

05:32 How can identifying your strategy help you find the right market?

06:55 Why is it important to know what strategies will work in different markets?

Finding good tenants is a critical component of the success of your rental properties. Good tenants are easier to deal with, they take care of your property, and they typically stay long-term, and that helps avoid frequent turnovers that would burn your cash flow away.

Watch now to learn more about the importance of having good tenants in your rental properties and how you can make sure you find good ones!

Key Talking Points of the Episode

00:00 Introduction

02:25 Why is it important to find good tenants?

04:26 How could a lot of turnover affect the profitability of your rental properties?

06:20 What do we do to keep tenants in our properties as long as we can?

07:39 Where are we getting most of our tenants today?

08:19 What are the basics we look for in potential tenants?

10:48 What does our application process look like?

12:20 Why do we do everything for our rentals online?

16:26 How do we handle payments from our tenants?

19:00 Why is it important to verify landlord and employer references for tenants?

21:33 How does security deposit insurance help protect you as a landlord?

23:44 Why are we requiring all tenant applicants to apply for security deposit insurance?

Funds and syndications are great ways to generate income passively, but there are differences in the way they work. If you’re looking into these two as an option for passive investments, you need to make sure you understand how they work so you can choose the one that will work best for your goals. 

Watch now to learn more about the differences between a fund and syndicate structure and why we chose to do a fund at Cherrypick Capital!

Key Talking Points of the Episode

00:00 Introduction

04:17 What is the difference between a fund and a syndicate?

05:49 How are the capital requirements different between a fund and a syndicate?

07:07 What does property ownership look like in a fund and a syndicate?

08:09 How is a fund structure more diversified than a syndicate?

10:13 What benefits do funds and syndications give their investors?

11:02 How do we make sure that our deals go well?

12:27 What do we do to ensure that there’s continuous deal flow for our fund?

13:07 What does it take to generate off-market leads consistently?14:45 Who are the ideal investors for funds and syndications?

15:25 What are the benefits of investing passively in funds and syndications?

16:18 Who are the people that are investing in our fund?

18:13 Why do active investors choose to take part in passive investments?

20:14 What factors do you need to consider when deciding to invest actively or passively?

21:15 Why is it important to learn about funds and syndications as a real estate investor?

22:45 Why should investors consider funds and syndications too?24:50 How can investing in funds and syndications benefit you as a real estate investor?