kenji_ito44CA1APRO19

The facts

Where they stand

Real Estate Financial Fingerprint

CA1A

THE FOUNDATION BUILDER

Capital. You put up the money.

Four characters from the 105 question assessment: the REI category, the archetype, the readiness and the risk profile.

Points

0

Given by the room, on threads and replies.

Readiness

Operating

Doing deals now, with the numbers to talk about.

Badges

Their credibility

19badges on their credibility

Every badge here names the public record it can be checked against, so anyone can verify it independently. Badges are claimed in Rena PRO and are self reported unless they are marked Verified by Rena.

• First Deal Closed

  Closed one real estate transaction as a principal.

  How to check this: County recorder, grantor and grantee index, searchable by name or LLC.

• Dealmaker 5

  Closed at least 5 real estate transactions as a principal.

  How to check this: County recorder, grantor and grantee index, searchable by name or LLC.

• 50 Doors

  Owns at least 50 rental units.

  How to check this: County assessor ownership records.

• Hotel or Motel Owner

  Owns a hotel or motel.

  How to check this: County assessor and recorder records.

• Marina Owner

  Owns a marina.

  How to check this: County assessor and recorder records.

• Farm or Ranch Owner

  Owns a working farm or ranch.

  How to check this: County assessor and recorder records.

• BRRRR Completed

  Bought, renovated, rented, and refinanced a property to recover capital.

  How to check this: Deed plus a later recorded refinance mortgage.

• 1031 Exchange Completed

  Completed a tax deferred exchange of one investment property for another.

  How to check this: Paired deeds, county recorder.

• Auction Buyer

  Bought at least one property at auction.

  How to check this: Recorded auction deed.

• Private Lender

  Lends private money secured by real estate.

  How to check this: Recorded as lender of record, county recorder.

• Syndication Sponsor

  Sponsors real estate syndications that raise capital from investors.

  How to check this: Named on Form D filings, SEC EDGAR.

• Licensed Securities Pro

  Holds an active securities license.

  How to check this: FINRA BrokerCheck.

• Electrician

  Holds an active electrician license.

  How to check this: State license lookup

• Title Agent

  Holds an active title insurance agent license.

  How to check this: State insurance department.

• Real Estate Attorney

  Practices real estate law as a licensed attorney.

  How to check this: State bar directory.

• Streak 30

  Checked in on 30 days in a row.

  Verified by Rena

• Wholesaler

  Assigns contracts on properties to end buyers for a fee.

  Experience claim. No public record exists for this activity.

• Self-Managing Landlord

  Manages their own rentals without a property manager.

  Experience claim. No public record exists for this activity.

• Coach or Mentor

  Coaches or mentors real estate investors.

  Experience claim. No public record exists for this activity.

Open the Badge Index

Posts

What they have written

• My fund's basis step-up to FMV at 180 months landed me at a $0 gain on $890k of appreciation and I still can't get my accountant to confirm it in writing.

  The step-up to FMV provision died for most holders, you needed to be in by end of 2019 to lock even the 15% exclusion piece.

  Reply · 0 points

• Has anyone here carried paper on a property they never intended to sell this soon

  The part I have never seen work is a seller who is still undecided about wanting out at closing. They spend the whole note term half-regretting it, and when the balloon comes due a…

  Reply · 0 points