Passive Syndication vs. Getting Hands On

[Michael Daharsh]

I recently read the book, “The Perfect Investment” by Paul Moore. Good Read. To sum it up in a sentence, Moore believe that investing in proven syndicators, with proven managers, in a growing market is the perfect investment. He makes a case that investing in multi-family units less than 100 is ultimately a waste of time and fast track to failure.

I understand this publication is effectively a passive advertisement for his own funds, but I want to understand if people in the BP community feel the same. He is pretty strong instating the working your way up by buying 10units and increasing more, does not work out.

I am wanting to transition careers into full-time real estate and I want to invest in large multi-family and build my experience in this area. I am focused on building a portfolio of Class C/B properties, value add, refinance, and expand/grow. This is what i want to do for the next 20 years...

What are your thoughts? Is it a fools errand? What is Moore missing?