Looking for syndicated MF deal between Austin and San Antonio

[Matt Heerwald]

Hi! My wife and I have just sold a piece of one of our properties and have a significant chunk of cash to invest. Our goal is to maximize our Cash on Cash return and to hopefully put ourselves in a position to replace my wife’s income($55k/yr after taxes) in about 18 mos. We like the idea of investing in an apartment complex but to this point, only have 3 SF rentals and lack the experience of undertaking such a large project. We would be interested in partnering with experienced investors with a good track record of syndicating value add MF deals. Anyone have any recommendations of other investors looking to do a syndicated deal? Thanks! Matt

[Mike Dymski]

If you are looking to passively invest in syndications, I'd recommend not limiting your geography, asset class, or sponsors...geographic, asset class, and sponsor diversity are three of the benefits of passive investing.  Feel free to reach out and I can send you some opportunities that I have recently invested in...have likely vetted over 100 offerings in the past year.  I have no affiliation with them.

If you just have the capital and are looking to partner with a sponsor who brings the deal (or experience), you will be working with less experienced sponsors who do not have an established investor database and/or the net worth and liquidity to qualify for financing.  Capital is plentiful in this market and experienced sponsors have little reason to mentor someone who is only bringing the money.  Now, if you bring the deal, that's another story.