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Updated 3 months ago on . Most recent reply
![Dennis Boettjer's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2984562/1711780108-avatar-dennisb225.jpg?twic=v1/output=image/cover=128x128&v=2)
Recommended syndication companies? (NON-accredited)
I'm seeking new offerings from companies that have a good track record. I'm a very hands off/passive investor and I base my decision on the past deal performance and/or track record. Right now I'm signed up with holdfolio, think multifamily, and disrupt equity. Ideally, I'd want the deal min. around 20-50k with a max of 75k. Any recommendations?
thanks
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@Dennis Boettjer be careful about basing your decision solely on past deal performance. Certainly track record is very important, but track record is so much more than deal performance.
The last decade was a consistent bull market so almost anyone could put some runs on the scoreboard while learning little to nothing. And when a rising tide is lifting all boats, groups that amplified their results by using risky high leverage could score some massive returns until the music stopped, then will subsequently struggle to keep the rest of their portfolio out of foreclosure. There are a lot of groups out there right now that had made-for-TV track records that will likely not be in business in a couple years.
Focus on the experience of the team, how long they have been in the business, how many market cycles they’ve survived, their philosophy on leverage, and how many properties they bought in 2022/2023 (a good answer would be few, a great answer would be none).
And do yourself a favor and read The Hands-Off Investor (in the BP bookstore) before you invest a single dollar in a syndication.