Updated about 7 years ago on . Most recent reply
Invest out of state
Is it feasible to do a value-add 160 units yndication deal out of state, given that I will have a great property management company to be onsite.
Most Popular Reply
As someone on the limited partner side. I would caution that it makes it a little harder to raise money. I would not help anyone fund their first out-of-state deal. There are many variables, and I would want to make sure they had demonstrated the ability to manage remote and produce a return.
This may vary for friends and family. Just something to keep in mind. The first syndication I ever did was one where the investor had demonstrated and incredible track record in the very same market.