Help with joining syndicated deal as investor

[Matt Ward]

Hi guys (this is a repost just to make sure I put in right forum),

My business has done well and I am looking to exit in the neighborhood of 7 figures.

I have been very actively seeking out real estate, running deals, trying to build teams etc and have learned a good deal about how the game works. At the same time, I am no expert and would prefer to spend time on other ventures I am more passionate and skilled with.

A friend referred me to a syndicate fund he invested with in MHP. I wanted some info and advice on the fund, my position and due diligence.

The opportunity is for investment in a large MHP fund with 100 million max offering. The managers have run several successful funds to date, data and numbers all supplied and are leaders in MHP space.

The investment is aimed at 5-10 years with sale of properties as final goal. The preferred returns are 10% a year for life of investment. There are additional cashflow and subsequent sale expected as well.

What are thoughts on this as an investor? Curious from other passive investors on opportunity and what returns you see elsewhere.

Cheers and thanks,

Matt

[Account Closed]

Matt,

Frank and Dave's funds do well and I've never run into an unhappy investor who's done business with them. Our company also does pretty much the same exact thing but on a property specific level right now. One thing you will find dealing with an experienced syndicator is that the good ones have access to a lot more money than they currently have deals they would ethically put their money partners in. We have that problem and a few others I know have that same problem. If Frank & Dave are taking in passive investors right now, you should probably jump in. They are very competent educators and owners. The returns we are giving in the world of mobile home parks to our passive investors are unheard of in any other niche of real estate. It's just a fact of life. If you can get past the unfavorable stigma of the asset class, you'll realize 8-10%pref and 20% IRR with any number of syndicators in our space.