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Updated almost 2 years ago,
Many questions...answers you have?
Thanks for reading and hopefully you can provide some answers. Ok...here we go,
1) Does a GP that is involved in a syndication have to be an accredited investor?
2) Can you utilize DSCR for apartments as a means of finance? Up to the 75 or 80 percent?
3) If yes to question 2...what are the rates? I know that the answer to this question depends on the performance of the complex...I think.
4) Is the acquisition fee as well as other fees that are paid to the GP/GP's taken out of the LP initial investment, or are they paid to the GP/GP's at sale/refi of property?
5) Do GP/GP's usually have "skin in the game"?
6) Are there any GP's willing to take an aspiring syndicator under their guidance in exchange for the fee that the partner GP would get...I dont even know if that legal...kind of a put your money where your mouth is instead of some 20k dollar mentor class...if that makes since