Anybody work with the STR syndication called Techvestor?

[Andrew Angell]

I'm talking with Techvestor, a STR syndication. It seems legit, but I'm not finding much info about them on here, which was a bit surprising. Anybody familiar with them and investing with them already? Can you offer any feedback on what it's like to work with them? I'm considering getting in on their next round but going through due diligence and would appreciate any feedback I can get. Thanks!

[Michael Baum]

Hey @Andrew Angell, so I have been reading about this and I see a few things that concern me somewhat

One is that they don't own that many properties to support the returns they are promising. It appears they have about 18-20 properties. For someone who is nationally syndicating this plan with potential thousands of investors, that isn't nearly enough to support 12%+ return they are promising.

Each listing appears to be listed by a couple, not a company. That is fine, but a bit shady. Guests think they are getting into a place that a couple owns vs part of a company portfolio. I could be an issue. Not sure though why anyone would care if it is run well, but there it is.

The final part and why I would stay away, the CEO Sief Khafagi left his last venture, Scoutpads.com suddenly. It appears he left investors holding the bag with everyone losing their dough. There are several articles on it.

EDIT - They appear to own 33 properties. Still not enough IMHO. Plus I have read that they require a minimum of 25k down but a annual income of over 200k to participate.