In this episode Lance chats with John Fortes of the Fortes Company, a kindred spirit as passionate about due diligence and risk mitigation as he is. John brings passive investors into multi-family deals, but only after spending up to a year getting to know the sponsor, and performing his own brand of nuanced underwriting. He and Lance dig into the benchmarks he uses to vet a sponsor, and how to avoid confirmation bias in a bull market where every sponsor looks like a genius.
This week’s guest
John Fortes Founded The Fortes Company because of his passion for working with investors. Partnering with working professionals, John has helped families invest in over $70 million in acquired multifamily apartments. Helping families secure financial security through real estate passive opportunities in multifamily syndications has been a passion that compelled John to start the company.
John’s experience in IT consulting has led teams to high efficiency output and cost cutting savings for company stakeholders. Leveraging his IT experience into multifamily real estate by leading operations with proven cost cutting strategies, serious awareness for security for private partnered investors & system implementations that don’t compromise the integrity of the asset’s operations.
Through his consulting practice, he’s also helped strategize start up & established real estate investment firms with compliance standards, operational procedures and help harvest career capital. This is how John Fortes became known as The Passive Investor Consultant.